Shi Zhicheng, the richest man in the Philippines and chairman of SM holdings, died Thursday at the age of 94, foreign media reported. What happened to the death of the richest man in the Philippines? Details of the death of the richest man in the Philippines.
Reported that SM group announced in a statement Shi Zhicheng died, his family confirmed the news. According to the news, Shi Zhicheng died peacefully in his dream, and there are no more details at present.
In another statement, the chief operating officer of SM supermarket, the largest chain store in the Philippines, said: 'I am deeply saddened to inform the group that our beloved chairman Shi Zhicheng left peacefully in his sleep early Saturday morning. '
Shi Zhicheng, whose ancestral home is Jinjiang, Fujian Province, started from a small store selling shoes, and gradually developed SM group into one of the largest large-scale shopping center development and operation enterprises in the world, and also involved in banking, real estate, manufacturing and other fields.
In 2018, Shi Zhicheng topped the Forbes list of the richest people in the Philippines, with a value of $18.3 billion.