Andrew Tan

Andrew Lim Tan (traditional Chinese: 吳聰滿; simplified Chinese: 吴聪满) is a Chinese Filipino billionaire with business interests in real estate, liquor and fast food. In 2011, Forbes magazine rated him fourth on the list of the "Philippines 40 richest" with an estimated net worth of $2 billion.[4] As of May 2018, Forbes magazine ranks him as the 10th-wealthiest person in the Philippines, with his net worth of US$2.6 billion.[5]

For the chief executive of the Maritime and Port Authority of Singapore, see Andrew Tan (chief executive).
In this Chinese name, the family name is Tan.

Andrew Lim Tan
Born1952 (age 68–69)
Fujian, China
CitizenshipPhilippines
Alma materUniversity of the East
OccupationReal estate, Retail investment
Known forFounder, Chairman, and President of Megaworld Corporation[1]
Chairman and CEO of Alliance Global Group, Inc.[2]
Net worth$3 Billion (July 2019)[3]
Spouse(s)Katherine Tan
Children4

Early life

Originally an immigrant from China and was a supporter of the Communist Party, Tan was born in Quanzhou, Fujian province.[6] He spent his childhood at an apartment in Hong Kong which was shared by other families. Later, he moved to Manila where he studied accounting at University of the East.[7]

Companies

Tan runs the Alliance Global Group Inc. (AGI).[8] It is composed of four companies:

  • Megaworld Corporation – A real estate corporation engaged in developing condominiums.[7] It has subsidiaries called Empire East Land Holdings Inc. and Suntrust Properties. It was dubbed by Finance Asia, a business tabloid, as the "best managed company" and the "best in corporate governance" in the Philippines for 2006.[9]
  • Emperador Distillers, Inc. – Best known for its Emperador Brandy which became the world's best-selling brandy in 2006, and Emperador Light. What made it successful was how it was promoted. Instead of following other liquor advertisements that feature attractive women and other dainty images, the ads of Emperador Brandy emphasize successes in life and moral values.[7]
  • Golden Arches Development Corporation – Operates McDonald's franchises.[9][10]

Recognitions

The government of Quezon City honored Tan as "Businessman of the Year" for 2004.[11]

He is the first to receive the PropertyGuru Asia "Icon Award" for 2018.[12]

Personal life

He is married with four children and lives in Manila, Philippines.[3]

References
  1. "Board of Directors". Megaworld webpage. Retrieved 15 June 2018.
  2. "About Us". Alliance Global webpage. Retrieved 15 June 2018.
  3. "Andrew Tan". Forbes. Retrieved 4 August 2017.
  4. "The Philippines' 40 Richest : #5 Andrew Tan". Forbes. 7 July 2010.
  5. "Andrew Tan". Forbes. Retrieved 26 March 2019.
  6. https://www.philstar.com/lifestyle/travel-and-tourism/2018/10/21/1861702/andrew-tan-returns-his-quanzhou-birthplace-his-first-project-china
  7. "Andrew Tan: The New Billionaire on the block". NewsFlash.org. 9 January 2007. Archived from the original on 19 September 2008. Retrieved 2008-08-19.
  8. "Rising tycoon: Megaworld's Tan now heads RP McDonald's grp". GMANews.TV. 14 September 2006. Retrieved 27 August 2008.
  9. "Andrew Tan, taipan". The Manila Times Internet Edition. 12 July 2007. Archived from the original on 14 March 2008. Retrieved 20 August 2008.
  10. "Archived copy". Archived from the original on 14 July 2014. Retrieved 2014-07-11.CS1 maint: archived copy as title (link)
  11. "Andrew L. Tan". Philippine Business Today. 21 July 2007. Archived from the original on 20 November 2008. Retrieved 22 August 2008.
  12. "Megaworld's Andrew Tan named first PropertyGuru Icon Award recipient", Property Report. 2018-11-13.
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