One person who has done very well lately is Henry Sy, ranked No. 1, whose sm Investments is up one-third since June.

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Fourteen years in the making, the 4.1-million-square-foot mall, built on the site where Sy used to take his family to picnic and watch the sunset, is already the nation's largest.

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The mall, which opened in May and already attracts 1 million shoppers on weekends, is the crowning achievement of Sy's 60-year career in retailing that began with one small shoe store in Manila and now includes 26 other malls in the Philippines, four more in China, one in Guam and a chain of department stores and supermarkets.

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