Lucio Tan
| Lucio C. Tan, Sr. 陳永栽 |
|
|---|---|
| Born |
17 July 1933 Amoy, Fukien, Republic of China |
| Residence | Philippines |
| Nationality | Filipino |
| Alma mater |
Chiang Kai Shek College Far Eastern University |
| Net worth | $4.2 billion (January 2015) |
Lucio C. Tan, Sr. (simplified Chinese: ; traditional Chinese: ; pinyin: Chén Yǒngzāi born 17 July 1933) is a Chinese Filipino businessman and educator with interests in banking, airline, liquor, tobacco, real estate industries and education.
Tan was born in Amoy (now Xiamen), Fujian, China. His parents moved to the Philippines when he was a child.
Tan earned a BS in Chemical Engineering from the Far Eastern University of Manila.Forbes asserts that Tan "worked as a janitor at a tobacco factory" where he presumably also "mopped floors to pay for school"
In 2013, Forbes magazine listed him once again as the second richest billionaire from the Philippines with a net worth of $7.5 billion.
Others:
In 1997, Forbes, in an article entitled "A report card on Asia" complained about the "considerable corruption still prevalent" in the Philippines, bolstering that claim by citing how Tan "single-handedly held up a tax reform intended to remove special privileges for local tobacco and beer producers."
In 1998, Forbes' reported that Tan was spending his free time "[j]ousting with the government over charges of tax evasion" and with Philippine Airlines "shareholders who tried to block his bid for the airline."
According to January–March 1999 edition of the Philippine Center for Investigative Journalism, Solita Monsod, an economics professor at the University of the Philippines and former Economic Planning Secretary, was quoted as saying that "Lucio Tan is a role model for the worst kind of conduct as far as our national objectives are concerned. He signals that you can evade taxes and get away with it, pay the courts and get the judges to decide in your favour, get good lawyers and delay your cases. The messages that are given by the kind of treatment that he gets from the Government are the antithesis of what we need for sustainable development: an even playing field and Government intervention of the right kind." [3]
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