Andrew Lim Tan (traditional Chinese: 吳聰滿; simplified Chinese: 吴聪满) is a Chinese-born Filipino business magnate and investor. His conglomerate companies Alliance Global Group, Inc. and Megaworld Corporation presides a wide extension of business interests in real estate, liquor, casinos, high-technology, resorts, and restaurants. In 2011, Forbes magazine rated him fourth on the list of the "Philippines 40 richest" with an estimated net worth of $2 billion.[3] As of August 2023, Forbes magazine ranks him as the 11th-wealthiest person in the Philippines, with his net worth of US$2.4 billion.[4]
Andrew Lim Tan | |
|---|---|
 | |
| Born | 1952 (age 71–72) |
| Nationality | Filipino |
| Citizenship | Philippines |
| Alma mater | University of the East |
| Occupations |
|
| Known for | Founder, Chairman, and President of Megaworld Corporation[1] Chairman and CEO of Alliance Global Group, Inc.[2] |
| Spouse | Katherine Lim |
| Children | 4 |
Early life
editOriginally an immigrant from China and a supporter of the Communist Party, Tan was born in Quanzhou, Fujian province.[5] 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.[6]
Companies
editTan runs the Alliance Global Group Inc. (AGI).[7] It is composed of four companies:
- Megaworld Corporation – A real estate corporation engaged in developing condominiums.[6] It has subsidiaries called Empire East Land Holdings 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.[8]
- 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.[6]
- Golden Arches Development Corporation – Operates McDonald's franchises.[8][9]
Awards and recognitions
editThe government of Quezon City honored Tan as "Businessman of the Year" for 2004.[10]
He is the first to receive the PropertyGuru Asia "Icon Award" for 2018.[11]
Personal life
editHe is married with four children and lives in Manila, Philippines.[12] His eldest son, Kevin L. Tan (traditional Chinese: 吳凱文; simplified Chinese: 吴凯文), was appointed CEO of Alliance Global Group Inc. in 2018.[13] His other son, Kendrick Tan, is an executive director in Emperador, Inc.[14]
See also
editReferences
edit- ^ "Board of Directors". Megaworld webpage. Retrieved 15 June 2018.
- ^ "About Us". Alliance Global webpage. Retrieved 15 June 2018.
- ^ "The Philippines' 40 Richest : #5 Andrew Tan". Forbes. 7 July 2010.
- ^ "Andrew Tan". Forbes. Retrieved 26 March 2019.
- ^ Flores, Wilson Lee. "Andrew Tan returns to his Quanzhou birthplace for his first project in China". Philstar.com. Retrieved 13 April 2021.
- ^ a b c "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.
- ^ "Rising tycoon: Megaworld's Tan now heads RP McDonald's grp". GMANews.TV. 14 September 2006. Retrieved 27 August 2008.
- ^ a b "Andrew Tan, taipan". The Manila Times Internet Edition. 12 July 2007. Archived from the original on 14 March 2008. Retrieved 20 August 2008.
- ^ "Business Interests". Archived from the original on 14 July 2014. Retrieved 2014-07-11.
- ^ "Andrew L. Tan". Philippine Business Today. 21 July 2007. Archived from the original on 20 November 2008. Retrieved 22 August 2008.
- ^ "Megaworld's Andrew Tan named first PropertyGuru Icon Award recipient", Property Report. 2018-11-13.
- ^ "Andrew Tan". Forbes. Retrieved 4 August 2017.
- ^ Gonzales, Iris. "Alliance Global names Kevin Tan as next CEO". Philstar.com. Retrieved 15 May 2021.
- ^ "A tycoon's son finds his place in the sun – The Manila Times". www.manilatimes.net. 6 May 2018. Retrieved 15 May 2021.