(Bloomberg) -- Henry Sy, the richest person in the Philippines, died in his sleep this morning. He was 94.

His daughter Teresita Sy-Coson confirmed his death. Sy became a billionaire by parlaying a shoe store into the biggest retailer in the Philippines.

--With assistance from Clarissa Batino and Cecilia Yap.

To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Shamim Adam at sadam2@bloomberg.net

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