Lucio Tan

Date of Birth: July 17, 1934

Zodiac Sign: Cancer

Biography

Lucio Tan, born Tan Eng Tsai, is a Filipino businessman and philanthropist of Chinese descent. He was born on July 17, 1934, in Amoy, Fujian, China, and later migrated to the Philippines. Tan is the founder and chairman of LT Group, Inc., a conglomerate with interests in various industries, including tobacco, spirits, banking, and real estate. He is also known for his ownership stakes in Philippine Airlines, one of the country’s largest airlines, and the University of the East, a prominent educational institution in the Philippines. Tan started his career as a chemical engineer and worked in a tobacco factory. His entrepreneurial journey began when he established Fortune Tobacco Corporation in 1966, which eventually became the largest cigarette manufacturer in the Philippines. Over the years, he diversified his business interests and built an empire that includes Tanduay Distillers, Asia Brewery, and Eton Properties. Tan has been a significant figure in the Philippine business community for decades, although his career has not been without controversy. He has faced various legal battles and investigations, particularly concerning tax evasion accusations. Despite these challenges, he remains one of the wealthiest individuals in the Philippines and has made substantial contributions to education and healthcare through his philanthropic endeavors.

5 Interesting Facts about Lucio Tan

1. Lucio Tan worked as a janitor while studying chemical engineering at Far Eastern University in Manila.

2. He founded Fortune Tobacco Corporation in 1966, which grew to dominate the Philippine tobacco industry.

3. Tan is the second-largest individual shareholder in Philippine Airlines.

4. He established the Tan Yan Kee Foundation, which supports education, healthcare, and cultural preservation in the Philippines.

5. Lucio Tan has been listed multiple times in Forbes’ list of billionaires and is considered one of the richest men in the Philippines.

5 Most Interesting Quotes from Lucio Tan

1. “Success is not just about making money; it’s about making a difference.”

2. “The true measure of a man is not what he has, but what he gives.”

3. “In business, you must be tough, but fair.”

4. “Education is the best legacy we can leave for the next generation.”

5. “Perseverance and hard work are the keys to success.”

Highest Net Worth Achieved

Lucio Tan’s highest net worth achieved is approximately $3.7 billion.

Children

Lucio Tan has six children: 1. Michael Tan – He is the president and chief operating officer of LT Group, Inc. 2. Vivienne Tan – She is involved in various business ventures and serves as the executive vice president of Philippine Airlines. 3. Lucio “Bong” Tan Jr. – He was the president and chief operating officer of Tanduay Distillers and the vice chairman of Philippine Airlines before his untimely death in 2019. 4. Carmen Tan – She maintains a relatively low profile but is known to be active in the family’s business interests. 5. Timmy Tan – He has been involved in various family businesses, including real estate and beverage companies. 6. Cherry Tan – She is also involved in the family’s business ventures and philanthropic activities.