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

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.


$1.4 Billion


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$6.1 Billion


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$3.7 Billion


$4.44 Billion

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

Lucio Tan

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


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


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


"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


"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


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


" [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


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


(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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