Henry Sy, Sr. was born on December 25, 1924 to a poor family in Xiamen, china and migrated to the Philipines at the age of 12. Then he started selling rejected and overrun shoes. In 1958 he established a small shoe store that was mark of starting of SM Prime Holding. Due to his persistence, hard working and never give up nature his small shoe store became SM Quiapo a department store in 1972.
At the young life, when others were attending higher education in universities, Henry Sy was researching and studying live in the market. He was studying market practically.
In the business world, Henry sy is a good example of rags to riches story. Due to his persistent and optimistic characteristics even in the financial crisis his SM Mall continuously made steady growth, that helped to establish him one of the respective business man in the world.