Tan Yu

Tan Yu

Tan Yu (1927-2002) was a Filipino philanthropist and real estate entrepreneur of Chinese orgin. He was once the richest in the Philippines as well as being among the 10 wealthiest in the planet where he had a networth of about $7 Billion. [cite web
url=http://archive.southcoasttoday.com/daily/07-96/07-01-96/a06bu035.htm
title=Microsoft's Gates tops world's rich
publisher=SouthCoastToday
date=1996-07-01
accessdate=2008-08-19]

Originally from the Fujian province of China, Tan Yu and his family moved to the Philippines at a young age. He began making a living in Camarines Norte through selling bread buns in the streets and doing some fishing. He once studied in University of St. La Salle in Bacolod City and got a degree. He even studied at the New Jersey Institute of Technology where he also graduated. When he worked as a cashier in Manila, this was where he would established a textile business.cite web
url=http://www.newsflash.org/2002/03/hl/hl015377.htm
title=TYCOON, PHILANTHROPIST FROM BICOL, TAN YU DIES AT 75
publisher=NEWSFLASH
date=2002-03-14
accessdate=2008-08-19] . At only 18 years of age, he already made a million pesos. [cite web
url=http://www.biz-ph.info/people/businessman/13/26-tan-yu.html
title=Tan Yu Article
publisher=Philippine Business Today
accessdate=2008-08-22]

During his life as an entrepreneur, he once planned to convert Fuga and Barit, two northermost islands in the Philippines which he owned, into places for tourists and businessmen. [cite web
url=http://cgi.cnn.com/ASIANOW/asiaweek/96/0202/biz1.html
title=From Backwater to Fantasy Isle: After a Near-Death Experience, a Filipino-Chinese Tycoon Makes an Audacious Move
publisher=ASIANOW
accessdate=2008-08-19] He once owned more land in the Philippines than even the local government as well as possessing some overseas, totalling $12 Billion. [cite web
url=http://www-cgi.cnn.com/ASIANOW/asiaweek/96/0202/biz5.html
title=Tan Yu's $12-Billion Empire:
publisher=ASIANOW
date=1996-02-02
accessdate=2008-08-22]

He died of heart failure in Houston, Texas in 2002 at 75 years of age. Jose de Venecia, a house speaker in the Philippines, commended him as a great businessman for provided jobs to a number of Philippine people.cite web
url=http://www.newsflash.org/2002/03/hl/hl015377.htm
title=TYCOON, PHILANTHROPIST FROM BICOL, TAN YU DIES AT 75
publisher=NEWSFLASH
date=2002-03-14
accessdate=2008-08-19] Tan Yu was also among those awarded at the Jose P. Rizal Awards for Excellence at the posthumous awards category. [cite web
url=http://www.manilatimes.net/others/rizal.html
title=2008 Dr. Jose P. Rizal Awards for Excellence; Search for Outstanding Chinese-Filipinos
publisher=The Manila Times Internet Edition
accessdate=2008-08-28]

Years after he passed, Tan Yu's organization sold the island of Fuga. [cite web
url=http://www.businessmirror.com.ph/0222&232008/companies06.html
title=‘Ang pao’ trees
publisher=Business Mirror
accessdate=2008-08-22]

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