|Birth Day:||July 17, 1934|
|Birth Place:||Manila, Philippines, Philippines|
|Height:||in centimeters - N/A|
|Weight:||in kg - N/A|
With the net worth of $5.8 Billion, Lucio Tan is the # 264 richest person on earth all the time follow our database.
Lucio C. Tan, Sr. (simplified Chinese: 陈永栽; traditional Chinese: 陳永栽; pinyin: Chén Yǒngzāi; Pe̍h-ōe-jī: Tân Éng-chai; born July 17, 1934) is a Filipino billionaire businessman and educator with interests in banking, airline, liquor, tobacco, real estate industries, beverages, and education. In 2013, Forbes magazine listed him as the second richest billionaire from the Philippines with a net worth of $7.5 billion.
The Presidential Commission on Good Government ("PCGG") originally filed a case against Tan in July 1987, and has since amended it twice, the last time being on 5 September 1991. According to the PCGG, the state is entitled to PHP 50 billion in damages and PHP 1 billion in legal expenses. In addition, the state was seeking to recover 60% of Tan's holdings in companies that Tan held in trust for the former president Marcos – such as Fortune Tobacco, Asia Brewery, Allied Banking Corp., Foremost Farms, Himmel Industries, Grandspan Development Corp., Silangan Holdings, Dominium Realty and Construction Corp., and Shareholdings Inc. – as the PCGG alleges that they were illegally acquired by Marcos using government funds.
After filing the case in July 1987, the PCGG seized control of Tan's companies, continuing to do so until 2006 when the anti-graft court Sandiganbayan nullified the writs of sequestration on Allied Banking Corp., Fortune Tobacco, Foremost Farms and Shareholdings Inc. The court ruled the writs had no basis as there was no prima facie proof that any of Tan's assets were obtained illegally.
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."
The PCGG soon afterwards filed a petition to the Supreme Court. On December 7, 2007, the Supreme Court affirmed the decision of the anti-graft court. The Supreme Court found no proof that Tan, his family, or his various businesses took undue advantage of their relationship with former President Marcos. Finding no factual basis for the sequestration of the stocks, the Supreme Court denied the PCGG's petition, according to a court statement.
|#1||Lucio Tan, Jr.||Children||N/A||N/A||N/A|
|#5||Tan Eng Chan||Siblings||N/A||N/A||N/A|
|#7||Tan Hui Bin||Siblings||N/A||N/A||N/A|
Currently, Lucio Tan is 88 years, 4 months and 12 days old. Lucio Tan will celebrate 89th birthday on a Monday 17th of July 2023. Below we countdown to Lucio Tan upcoming birthday.
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