E lizabeth Sy is a Filipina billionaire and a member of the powerful Sy family, one of the wealthiest families in the Philippines. She is the daughter of the late Henry Sy Sr., a self-made tycoon who founded the SM Group, the largest conglomerate in the Philippines. He started with a single shoe store and built a massive empire spanning retail, real estate, and banking.

Upon her father's death, Elizabeth and her five siblings inherited his vast business empire. The family's key holdings include SM Investments, which controls the country's largest mall operator, SM Prime Holdings, and its largest bank, BDO Unibank. Elizabeth has long been active in the family's business, with a particular focus on the hospitality division. She serves as the chairwoman and president of SM Hotels and Conventions, overseeing the group's extensive portfolio of hotels, convention centers, and concert venues.