Henry Sy, SM GROUP, Philippines

SM GROUP

PHILIPPINES Sy SM GROUP Henry Sy is battling his kids to keep his burgeoning retail empire free of outside management. He'll lose 2003 Revenues: $1.7 billion

Henry Sy runs the Philippines' largest retailer, but he operates his SM Group almost as if it were a family-owned corner greengrocery. Each week Sy (estimated net worth: $1.4 billion), sporting his trademark Hawaiian shirt, gathers his six children at the company's warehouse-style offices near Manila's waterfront, where they oversee nearly every aspect of the business. On Saturdays family members fan out to conduct firsthand inspections of their SM malls, department stores and supermarkets. On...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!