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This is another inspiring story as we witness his rags to riches story on how he built all SM Malls and became one of the biggest bankers enabling him to become the richest man in our country surpassing both Lucio Tan and the Ayalas.
Let’s learn and be inspired from another successful entrepreneur story as his daughter Teresita Sy-Coson narrates the story of his father’s success: Our company, SM, as many of you may already know, came from the hard work of my dad, Henry Sy, Sr.
Many bankers predicted our demise because my dad came from nowhere – he may had a few department stores and shoe stores at that time, but he was not one of the financial heavy-weights at that time.
WWII came and the sari-sari store was looted and burned.He was continuously learning from his customers, suppliers, and employees.This on-the-job research gave him enough confidence to expand to a department store chain.At one time, he was hit by shrapnel while selling, and quite fortunately was brought to the hospital by his good friend in a kariton. He treasured that friendship and later expressed his gratitude after the war by making that friend his partner in a shoe store.The partnership lasted for more than 40 years until the shoe store had to give away to the building renovations of the lessor.