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Tan Yu

Tan Yu (1927 – 2002) was a Chinese Filipino philanthropist and real estate entrepreneur of Chinese origin.

He was once the richest man in the Philippines. In 1997, Forbes ranked him among the 10 wealthiest men on the planet where he had a net worth of about $7 Billion. It was he who established the KTTI Foundation and the Asiaworld International Group.

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. At only 18 years of age, he already made a million pesos.

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. He once owned more land in the Philippines than even the local government as well as possessing some overseas, totalling $12 Billion.

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. Tan Yu was also among those awarded at the Jose P. Rizal Awards for Excellence at the posthumous awards category.

Other Information

  • Name: Tan Yu
  • Born: 1927
  • Died: 2002
  • Place of Birth:  Fujian, China
  • School Attended:
    • University of St. La Salle, Bacolod City
    • New Jersey Institute of Technology

Business Interest

  • KTTI Foundation
  • Asiaworld International Group

Awards

  • Jose P. Rizal Awards for Excellence
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2 Comments

  1. Rizza De Chavez says:

    My old days flashed back and I thought of my college days. I struggled from the past but I benefited from all the hardship. I remembered and it will always be in my heart all the persons and institutions who had helped me to accomplished my university.

    I was one of the many scholars of KTTI Foundation, it was year 1991 the time I was accepted by them.

    Deep in my heart, I would like to thank you so much for the opportunity and kind heartedness.

    I should say that I am a product of KTTI Foundation.

    Many Thanks.

    Rizza

  2. Anareza Talotalo says:

    Hi;

    I am also a KTII Foundation scholar. Deep in my heart thank you for your heart. I graduated in College as KTTI Scholar. God Bless.

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