Lucio Tan Wiki, Biography
Lucio Tan (born July 17, 1934) is a Filipino business magnate, investor, and philanthropist. He presides over the Filipino conglomerate company LT Group, Inc., a company with extensive business interests in sports, banking, airline, liquor, tobacco, real estate, beverages, and education. As of September 2021, his net worth is estimated at US$1.9 billion.
Tan was born in Amoy (now Xiamen), Fujian, China. His parents moved to Cebu in the Philippines when he was a child. He was said to have gone to school on barefoot and first worked as a stevedore who tied cargo with ropes made from abaca He earned a bachelor’s degree in Chemical Engineering from the Far Eastern University in Manila. Forbes states that while in college, Tan “worked as a janitor at a tobacco factory” where he “mopped floors to pay for school.”
Net Worth | $4.1 billion |
Date Of Birth | July 17, 1933 |
Place Of Birth | Xiamen, China |
Profession | Businessman |
Education | University of Santo Tomas, Far Eastern University |
Nationality | American |
Children | Timmy Tan, Lucio Tan, Jr., Vivien Tan, Michael Tan |
Siblings | Frank Chan, Tan Hui Bin, Mariano Tanenglian, Harry Tan, Eng Chan, Shirley Chua |
IMDB | http://www.imdb.com/name/ |
Though the companies of Lucio Tan Group has been involved in various social responsible programs, Tan has benevolent personal philanthropy works, particularly in the academic sector. Notable of which is his ownership stake with the University of the East, resulting for the erection of the nine-storey Dr. Lucio C.
Tan Building on the university’s Caloocan City campus. Tan also gave a grant as an endowment for the development of Central Philippine University Institute of HRM and Tourism in Jaro, Iloilo City, which in return, was renamed in his honor as the Dr. Lucio C. Tan College of Hospitality Management, the first college/school in his namesake outside Manila. A building which houses the said college is also named after him on the CPU’s main campus, the Lucio C. Tan Building.
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