Lufthansa Technik Philippines - 51% ownership by Lufthansa Technik AG, 49% ownership by MacroAsia,.( PSE: VMC) – minority interest and management control Philippine National Bank ( PSE: PNB) - (merger of Philippine National Bank and Allied Banking Corporation).In the 1990s, Tan was president of the Lorenzo Ruiz Mission Institute Foundation (LRMFI), an organization established in 1989 and composed of Chinese-Filipino Catholics that aims to spread the Christian faith worldwide. A building which houses the said college is also named after him on the CPU's main campus, the Lucio C. Tan College of Hospitality Management, the first college/school in his namesake outside Manila. Tan also gave a grant as an endowment for the development of Central Philippine University Institute of HRM and Tourism in Jaro, Iloilo City, which in return, was renamed in his honor as the Dr. Tan Building on the university's Caloocan City campus. Notable of which is his ownership stake with the University of the East, resulting for the erection of the nine-storey Dr. Though the companies of Lucio Tan Group has been involved in various social responsible programs, Tan has benevolent personal philanthropy works, particularly in the academic sector.
Forbes states that while in college, Tan "worked as a janitor at a tobacco factory" where he "mopped floors to pay for school." Philanthropy He was said to have gone to school on barefoot and first worked as a stevedore who tied cargo with ropes made from abaca He earned a bachelor's degree in Chemical Engineering from the Far Eastern University in Manila. His parents moved to Cebu in the Philippines when he was a child. Tan was born in Amoy (now Xiamen), Fujian, China.
As of September 2021, his net worth is estimated at US$1.9 billion. He presides over the Filipino conglomerate company LT Group, Inc., a company with extensive business interests in sports, banking, airline, liquor, tobacco, real estate, beverages, and education. ( 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 business magnate, investor, and philanthropist. Chairman and CEO ( LT Group, Inc., Philippine Airlines, MacroAsia Corporation)
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