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. As of May 2014 he is estimated to have a personal fortune of over $5 billion and ranks 3rd in the country.
Early life
Originally an immigrant from China, Tan was born in the Fujian province. 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.
Companies
Tan runs the Alliance Global Group Inc. (AGI). It is composed of four companies:
- Megaworld Corporation – A real estate corporation engaged in developing condominiums. It has subsidiaries called Empire East 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.
- 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.
- Golden Arches Development Corporation – Operates McDonald’s franchises.
Recognitions
The government of Quezon City honored Tan as “Businessman of the Year” for 2004.
Personal life
He is married with four children and lives in Manila, Philippines.
| Andrew Tan | |
|---|---|
| Born | 1952 (age 64–65) Fujian province, China |
| Residence | Manila, Philippines |
| Citizenship | Filipino |
| Alma mater | University of the East |
| Occupation | Real estate, Retail investment |
| Known for | Alliance Global Group Inc. |
| Net worth | $4.8 billion (January 2015) |
| Children | 4 |
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