Lucio Tan
#1397

Lucio Tan

Philippines 91 years old Self-Made

Overview

Source of Wealth
Diversified
Industry
Diversified
Residence
Manila
Education
Far Eastern University (Bachelor of Arts/Science)
Marital Status
Married
Children
6

Assets

  • Dynamic Holdings
    95,283,000 shares @ -
    -
    29-HK
  • LT Group Inc.
    7,242,847,000 shares @ -
    -
    LTG-PH
  • MacroAsia Corp.
    1,329,662,000 shares @ -
    -
    MAC-PH
  • PAL Holdings Inc.
    8,932,728,000 shares @ -
    -
    PAL-PH

Biography

Lucio Tan is the founder and chairman of LT Group, which has interests in tobacco, spirits, banking and property development.

In 1982, Tan established Asia Brewery. Now a subsidiary of LT, the brewery was the only one then to compete with the market leader San Miguel.

Tan's grandson and heir apparent Lucio Tan III was appointed president of LT Group and PAL Holdings in 2023.

About

Lucio Tan enjoys riding helicopters.

Tan studied chemical engineering at Far Eastern University.

PAL Holdings, the parent company of Philippine Airlines, completed its debt restructuring and turned profitable in 2021 after four years of losses.