Lucio Tan

Lucio C. Tan, Sr. is a Chinese Filipino billionaire businessman and educator with interests in banking, airline, liquor, tobacco, real estate industries, and education. In 2013, Forbes magazine listed him as the second richest billionaire from the Philippines with a net worth of $7.5 billion.

  • 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.

LT Group Lucio Tan