Lucio Tan’s profile picture

Lucio Tan

Lucio Tan’s profile picture
Net worth 2018: $4.44 Billion
Industry: Diversified
Residence: Manila, Philippines
Country: Philippines
BirthDay: 17 July 1934
Sigh: Leo
Children: 6
Education: Bachelor of Arts / Science, Far Eastern University
BIOGRAPHY

Lucio Tan was bornon 17 July 1934 in Manila, Philippines, Philippines. Lucio Tan is #420 in List Billionaires People In The World. Lucio Tan is the founder and chairman of the $1.1 billion sales LT Group, which has interests in tobacco, spirits, banking and property development. Tan started as a chemical engineer at Far East University, where he mopped floors to put himself through college. In 1982, Tan established Asia Brewery. Now a subsidiary of LT Group, the brewery was the only one then to compete with the market leader San Miguel. In April 2017 President Duterte accused Tan of owing the Philippine government nearly $600 million in taxes.

NET WORTH STATISTIC
2009

$1.4 Billion

2010

$1.7 Billion

2011

$2.3 Billion

2012

$3.5 Billion

2013

$5 Billion

2014

$6.1 Billion

2015

$4.4 Billion

2016

$4 Billion

2017

$3.7 Billion

2018

$4.44 Billion

Even the accomplished suffers setbacks sometimes. The more bitter the lessons, the greater the successes will be.

Lucio Tan
TIMELINE
2013

In 2013, Forbes magazine listed him as the second richest billionaire from the Philippines with a net worth of $7

2009

In an April 29, 2009, letter filed at the anti-graft court, the PCGG announced that it is "resting its case" and terminating its presentation of evidence in the PHP 51 billion lawsuit

2007

On December 7, 2007, the Supreme Court affirmed the decision of the anti-graft court

1999

"According to January–March 1999 edition of the Philippine Center for Investigative Journalism, Solita Monsod, an economics professor at the University of the Philippines and former Economic Planning Secretary, was quoted as saying that "Lucio Tan is a role model for the worst kind of conduct as far as our national objectives are concerned

1998

"In 1998, Forbes' reported that Tan was spending his free time "[j]ousting with the government over charges of tax evasion" and with Philippine Airlines "shareholders who tried to block his bid for the airline

1997

Forbes states that while in college, Tan "worked as a janitor at a tobacco factory" where he "mopped floors to pay for school"Others:In 1997, Forbes, in an article entitled "A report card on Asia" complained about the "considerable corruption still prevalent" in the Philippines, bolstering that claim by citing how Tan "single-handedly held up a tax reform intended to remove special privileges for local tobacco and beer producers

1991

" [3]The Presidential Commission on Good Government ("PCGG") originally filed a case against Tan in July 1987, and has since amended it twice, the last time being on 5 September 1991

1987

After filing the case in July 1987, the PCGG seized control of Tan’s companies, continuing to do so until 2006 when the anti-graft court Sandiganbayan nullified the writs of sequestration on Allied Banking Corp

1934

(simplified Chinese: 陈永栽; traditional Chinese: 陳永栽; pinyin: Chén Yǒngzāi born July 17, 1934) is a Chinese Filipino billionaire businessman and educator with interests in banking, airline, liquor, tobacco, real estate industries and education

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