Lucio C. Tan, Sr. (simplified Chinese: 陈永栽; traditional Chinese: 陳永栽; pinyin: Chén Yǒngzāi born July 17, 1933) is a Chinese Filipino billionaire businessman and educator with interests in banking, airline, liquor, tobacco, real estate industries and education.
Early life
Tan was born in Amoy (now Xiamen), Fujian, China. His parents moved to the Philippines when he was a child.[citation needed]
Tan earned a bachelor’s degree in Chemical Engineering from the Far Eastern University in Manila. Forbes states that Tan “worked as a janitor at a tobacco factory” where he “mopped floors to pay for school”
In 2013, Forbes magazine listed him once again as the second richest billionaire from the Philippines with a net worth of $7.5 billion.
Business interests
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A former econ teacher who shuns the spotlight, Peng has two high-profile roles with China’s e-commerce giant Alibaba. She is Chief People Officer—overseeing the 35,000 people working for the company—and CEO of Ant Financial, Alibaba’s financial arm, which was reportedly valued at $50 billion in June and is expected to go public in China within the next two years. Among Ant Financial’s six divisions is Alipay, an online payment business with 300 million users that handles more than 80 million transactions per day.
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