Sino-Filipino billionaire and Belle Corp. founder Henry Sy died January 19 at the age of 94. For the past 11 years, Sy was named the richest person in the Philippines by Forbes magazine, which estimated his net worth at US$19 billion.
Belle Corp. is an investor in City of Dreams Manila, an integrated resort managed by a unit of Melco Resorts and Entertainment Ltd.
Sy was born in China and moved to the Philippines at the age of 12. In 1958 he started his career as a Manila shoe seller and grew it into an empire encompassing retail, real estate and later, gaming. Belle Corp., originally a mining and oil company, added tourism and leisure property development interests in 1989, acquired Premium Leisure & Amusement Inc. in 2010 and in 2012 entered the gaming industry when it made a deal with Melco to develop and operate City of Dreams Manila.