Rank #1393
Lucio Tan
Net worth $3.1B
Diversified · Philippines
- Born
- Jul 17, 1934
- Age
- 91
- Source
- Diversified
- Residence
- Manila
- Citizenship
- Philippines
- Marital status
- Married
- Children
- 6
- Education
- Bachelor of Arts/Science, Far Eastern University
Net worth over time
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.
- 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.
Financial assets
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