Lucio Tan & Family Net Worth is$4,500 $Million
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Ethnicity: Han Chinese
Birth Date: 1934/07/17
Birth Place: Amoy, Fujian, People's Republic of China
Residence: Philippines
Nationality: Filipino people
Alma Mater: Chiang Kai Shek College, Far Eastern University
Lucio Tan (simplified Chinese: e??ae?,ae 1/2 ; traditional Chinese: e??ae?,ae 1/2 ; pinyin: ChA(C)n YC?ngzA?i) is a Chinese Filipino businessman with interests in banking, airline, liquor, tobacco and real estate industries. Tan was born on July 17, 1934, in Amoy (now Xiamen), Fujian,People's Republic of China. His parents moved to the Philippines when he was a child. He is married with 6 children including the politician daughter Vivian Tan. He attended Chiang Kai Shek College for high school and studied chemical engineering at Far Eastern University in Manila. He actually quit before graduating to take a job in a tobacco factory. In 2011, the Forbes Magazine listed him as the second richest billionaire from the Philippines with a networth of $4.5 billion. In an effort to consolidate his business empire, Mr. Tan is set to establish LT Group, Inc., a holding firm for all his stakes in companies currently being operated or managed by Tanduay Distillers, Inc. chaired by son Micheal Tan.
He was a known ally of former President Ferdinand Marcos. Tan owns Asia Brewery, the second largest brewery in the Philippines, Tanduay Holdings, one of the world's largest rum makers, Fortune Tobacco, the largest tobacco company in the country - just some of the 300 companies that Tan controls.[citation needed] Though a non-smoker, he started a cigarette company called Fortune Tobacco in 1966. This venture, which was housed in a small hut in Marikina, proved to be the enterprise that would catapult Mr. Tan to success. From this flagship company emerged numerous successful ventures in agribusiness; banking, finance and securities; brewery; chemicals; distillery and alcohol; education; food; hotel; manufacturing; property development; steel fabrication and construction; and tourism and travel services.
In 1970, Tan brought to the country an advanced hog-raising facility from Taiwan and set up Foremost Farms in Tanay, Rizal. The farm now operates on a 146-hectare facility and has

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Lucio Tan & Family Latest News

Lucio Tan says PAL Holdings to conduct re-IPO in 2 nd quarter

Philippine Airlines (PAL) is targeting to achieve five-star full service carrier status by 2020. THE COUNTRY’S flag carrier intends to push through with a plan to sell shares to the public this year, the Philippine’s second-richest man said.
Posted: January 21, 2018, 7:13 am

Lucio Tan Jr. alerts cops on ‘suspicious’ vehicles

A son and namesake of billionaire businessman Lucio Tan has alerted the Quezon City Police District (QCPD) about the vehicles that had been “suspiciously tailing” him since last month. According to QCPD director Chief Supt. Guillermo Eleazar, Lucio Tan ...
Posted: December 15, 2017, 2:39 pm

Philippines Aviation Part 5: Philippine Airlines' outlook improves following 2014 and 1Q2015 profits

But the PAL Group also has made strategic and capacity adjustments since Lucio Tan took back control of Philippine Airlines and sister regional carrier PAL Express in late Oct-2014. Lucio Tan has slowed PAL’s fleet and network expansion. Five of the 10 ...
Posted: May 17, 2015, 4:04 am
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