Lucio Tan Jnr, son of Philippine-Chinese billionaire, dies aged 53
- Tan succumbed to brain herniation, Philippine media reported. He was taken to hospital on Saturday after collapsing during a basketball game
- Tan’s father is one of the richest men in the Philippines and the family has business interests in real estate, banking, tobacco and beverages
Lucio “Bong” Tan Jnr, the son of a prominent Philippine-Chinese billionaire and president of PAL Holdings, which is the listed parent of Philippine Airlines, died on Monday, days after collapsing during a basketball game.
The younger Tan succumbed to brain herniation, The Philippine Star newspaper reported. He was taken to hospital on Saturday after collapsing during a basketball game.
Tan is the son of Lucio Tan Snr, one of the richest men in the Philippines with a fortune estimated around US$4.4 billion according to Forbes magazine.
The late Tan, 53, on October 28 assumed the position of president and chief operating officer at PAL Holdings. He was also the president of Tanduay Distillers and Eton Properties Philippines, as well as serving as director of LT Group and Philippine National Bank. Tan is survived by his wife and two children.
“His untimely passing leaves a big void in our hearts and our group’s management team which would be very hard to fill,” the Tan family said in a statement, according to Philippine news website Rappler.
Local media reported the Tan family has business interests in real estate, banking, tobacco and beverages.
The Philippine Daily Inquirer said Bong Tan was educated in Manila, Singapore, China and the US, where he earned a degree in Civil Engineering from the University of California, Davis and a Master of Business Administration from the Kellogg School of Management of Northwestern University.