He is the Philippines' richest man, gaining $5 billion in 2010, amid the global financial crisis. The huge gain was due to his holding company, SM Investments Corporation, which has interests in Banco de Oro, inter alia. Forbes magazine's 2008 list of 40 wealthiest Filipinos revealed the Sy family's net worth was $6.2 billion. Earlier, he was the second-wealthiest individual in the Philippines, next to Lucio Tan, and (as of 2010) 201st-wealthiest in the world.

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