Lucio Tan

About Lucio Tan

Birth Day: July 17, 1934
Birth Place: Manila, Philippines, Philippines
Residence: Manila, Philippines
Alma mater: Chiang Kai Shek College Far Eastern University
Occupation: Businessman
Known for: Chairman and CEO of LT Group (Lucio Tan Group) Chairman of Philippine Airlines
Children: 6

Lucio Tan

Lucio Tan was bornon July 17, 1934 in Manila, Philippines, Philippines. 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.
Lucio Tan is a member of Diversified

Does Lucio Tan Dead or Alive?

As per our current Database, Lucio Tan is still alive (as per Wikipedia, Last update: September 20, 2019).

🎂 Lucio Tan - Age, Bio, Faces and Birthday

Currently, Lucio Tan is 85 years, 10 months and 8 days old. Lucio Tan will celebrate 86rd birthday on a Friday 17th of July 2020. Below we countdown to Lucio Tan upcoming birthday.

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🌙 Zodiac

Lucio Tan’s zodiac sign is Leo. According to astrologers, people born under the sign of Leo are natural born leaders. They are dramatic, creative, self-confident, dominant and extremely difficult to resist, able to achieve anything they want to in any area of life they commit to. There is a specific strength to a Leo and their "king of the jungle" status. Leo often has many friends for they are generous and loyal. Self-confident and attractive, this is a Sun sign capable of uniting different groups of people and leading them as one towards a shared cause, and their healthy sense of humor makes collaboration with other people even easier.

🌙 Chinese Zodiac Signs

Lucio Tan was born in the Year of the Dog. Those born under the Chinese Zodiac sign of the Dog are loyal, faithful, honest, distrustful, often guilty of telling white lies, temperamental, prone to mood swings, dogmatic, and sensitive. Dogs excel in business but have trouble finding mates. Compatible with Tiger or Horse.

Some Lucio Tan images

Famous Quotes:

Even the accomplished suffers setbacks sometimes. The more bitter the lessons, the greater the successes will be.

Biography/Timeline

1934

Lucio C. Tan, Sr. (simplified Chinese: 陈永栽; traditional Chinese: 陳永栽; pinyin: Chén Yǒngzāi born July 17, 1934) 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.

1987

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.

1991

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.[4] 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.

1997

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."

1998

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."

2007

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.

2009

In an April 29, 2009, letter filed at the anti-graft court, the PCGG announced that it is "resting its case" and terminating its presentation of evidence in the PHP 51 billion lawsuit. This, the report said, came as a surprise as government lawyers had earlier insisted in court that they still have several key witnesses, including former First Lady Imelda Marcos.

2013

The same article also said that one of the three judges who ruled in favour of Fortune Tobacco was Manuel Gruba, the brother of Lily Gruba, one of Tan's lawyers in the case. It was later rumoured, the article said, that President Estrada allowed Tan to name the new BIR Commissioner to replace Chato. Beethoven Rualo, a close associate of Tan, was eventually chosen for the role. Within five months of Rualo's appointment, two tax evasion charges against Tan's firms that Chato had been pursuing – one against Allied Bank for PHP 338 million, and another against Fortune Tobacco for PHP 8 billion – were reduced to zero and PHP 5 million respectively.

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