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

Philippine Airlines Part 2: more expansion to Australia and China as A321neos arrive in 2017

After Lucio Tan took back control of PAL in 2014 a more conservative growth strategy was implemented, and the airline has since focused on improving its performance on London rather than launching new services to continental Europe. This is a sensible ...
Posted: November 30, 2016, 10:37 pm

Airlines raise concerns on Naia PPP

International carriers operating in the Philippines urged the government to ensure that regulatory safeguards would be in place when it privatizes the operations and development of its main air gateway, the Ninoy Aquino International Airport (Naia). The ...
Posted: November 30, 2016, 9:59 am

Lucio Tan May Be Ready To Sell Loss-Making Philippines Airlines

Philippine tycoons are circling Philippine Airlines (PAL), a loss-making asset in Lucio Tan’s corporate empire. Potential buyers for Tan’s majority stake include food and beverage group San Miguel Corp. and Hong Kong-based First Pacific, a vehicle for ...
Posted: February 5, 2012, 8:53 pm
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