The country's richest man and SM Group's founder Henry Sy passed away at the age of 94

- Henry Sy, known as the country's richest man and SM Group's founder passed away on Saturday, January 19

- The late business tycon was named by Forbes as the Philippines' richest man

- He passed away at the age of 94

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Henry Sy, 94, passed away n Saturday, January 19. He was known to be the country's richest man and SM Group's founder.

According to a statement released by SM Super malls COO Steven Tan, passed away peacefully in his sleep early Saturday morning.

"With deep sadness, I would like to inform the group that our beloved Chairman Tatang, Mr. Henry Sy Sr, passed away peacefully in his sleep early Saturday morning. Please pray for the eternal repose of his soul," said Tan in a statement.

He was named the Philippines' richest man by Forbes with an estimated net worth of $20 billion.

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Aside from being a well known business tycoon, Henry Sy had been active in giving help through donating in charitable institutions.

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Source: KAMI.com.gh