Mall Magnate Henry Sy the Richest Man in Ph

Henry Sy, the Mall magnate remains the richest man in the Philippines.

The Philippines’ 40 richest men are worth a collective $34 billion up from last year’s $22.8 billion.

Sy has a net worth of 7.2 billion up from $5 billion last year.

His net worth comes from his shares in SM investments, which is Sy’s largest asset and his property developer, Belle Corp. which is expected to open its first casino in Manila in 2012.