Lucio Tan Business and Family Business
Who is Lucio Tan
Lucio Tan is a Filipino billionaire businessman, investor, and philanthropist. He is one of the country’s most prominent tycoons, with diversified interests in banking, tobacco, airlines, beverages, real estate, and education. His empire is consolidated under LT Group, Inc. (LTG), one of the Philippines’ largest conglomerates.
What is Lucio Tan Business
| Business | Description |
|---|---|
| Philippine National Bank (PNB) | One of the largest banks in the Philippines, under LT Group. He also previously acquired Allied Banking Corporation. |
| Philippine Airlines (PAL) & PAL Express | The country’s flag carrier and its affiliate budget airline. |
| MacroAsia Corporation | Provides aviation-related support services such as catering, ground handling, and engineering. |
| Fortune Tobacco Corporation (FTC) | A major tobacco company, now part of a joint venture with Philip Morris International called PMFTC, Inc. |
| Tanduay Distillers, Inc. | A leading producer of rum and other alcoholic beverages; consistently ranked among the world’s top-selling rum brands. |
| Asia Brewery, Inc. | Produces beer, soft drinks, bottled water, energy drinks, and dairy products. |
| Eton Properties Philippines, Inc. | Engaged in real estate development of residential, commercial, and mixed-use properties. |
| University of the East (UE) | The family holds a major stake in this educational institution and has funded other academic projects. |
| Progressive Farms, Inc. & Himmel Industries, Inc. | Holding companies under LT Group, involved in agriculture, manufacturing, and investments. |
What is Lucio Tan Family Business
| Business | Description |
|---|---|
| LT Group, Inc. (LTG) | The parent conglomerate consolidating all of Lucio Tan’s major business interests across various industries. |
| Tan Yan Kee Foundation, Inc. | The family’s philanthropic arm, established in honor of Lucio Tan’s father, supporting education, health, and community projects. |
| Leadership Roles in LTG | Lucio Tan’s grandson, Lucio Tan III, is President and COO of LT Group, Inc. and PAL Holdings, Inc., while his wife, Carmen Tan, serves as Vice Chairman of both LT Group and Philippine Airlines. |
Beyond their core ventures, Lucio Tan Business and Family Business portfolio may include smaller enterprises or investments – reflecting their extensive entrepreneurial legacy.
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CATEGORIES Entrepreneur Spotlight