Lucio Tan Net Worth is$5 Billion
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Profession: Businessperson
Date of Birth: Jul 17, 1934
Ethnicity: Chinese Filipino, Han Chinese
Lucio Tan net worth: Lucio Tan is a Chinese Filipino businessman who has a net worth of $5 billion. Lucio Tan is one of the richest people in the Philippines. Mr. Tan holds interests in approximately 300 companies with operations in various industries including banking, airline, liquor, tobacco and real estate. Among the most notable firms, where he is a majority shareholder, are Asia Brewery, the second largest brewery in the Philippines, Tanduay Holdings, one of the world's largest rum makers, as well as Fortune Tobacco, the largest tobacco company in the country. Although he was a non-smoker, Lucio started a cigarette company called Fortune Tobacco in 1966. This business endeavor, that was placed in a small shack in Marikina, turned out to be a true success. From this flagship company emerged numerous successful ventures that would bring Mr. Tan to enormous fortune. No one has ever thought that the young chemical engineering student who mopped floors to pay for school would become such an affluent man in his country. He actually quit before graduating in order to take a job in a tobacco factory, where he probably got the idea to found his own venture Fortune Tobacco. Married with six children, Lucio Tan now spends his free time with his family or flying helicopters.
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.
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 an average daily production of 50 metric tons of hogs fo

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Lucio Tan Latest News

LT Group eyes expansion in SE Asia

Tycoon Lucio Tan-led conglomerate LT Group Inc. is making plans to expand its footprint in Southeast Asia, focusing on bringing its non-alchoholic beverage businesses to new markets in the region. While looking at overseas expansion opportunities in the ...
Posted: June 20, 2017, 10:21 am

Asia Brewery to upgrade MisOr brewery to produce Tiger, Heineken beer

In a report from Rappler.com, the investment is part of tycoon Lucio Tan’s conglomerate LT Group’s P10 billion expenditure this year and will focus in reconfiguration of the brewery’s production line to produce both Tiger and Heineken. It can be ...
Posted: June 20, 2017, 9:21 pm

Investors unperturbed by spate of violence

Better than last year The LT Group Inc., where most of the businesses of tycoon Lucio Tan are being held, said it expects the business environment this year to be better than the previous year, with the Duterte administration’s infrastructure plan ...
Posted: June 23, 2017, 9:21 am
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