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{{Short description|Chinese businessman (1927–2002)}}{{use dmy dates|date=May 2020}}{{Philippine name|Tan}}{{family name hatnote|(wikt:鄭|鄭) (Ty)|lang=Chinese}}

factoids

| death_place = Houston, Texas, United States}}Tan Yu ({{zh|t=|p=Zhèng Zhōumǐn|poj=Tīⁿ Chiu-bín|s=|first=poj|c=(wikt:é„­|é„­)(wikt:周|周)(wikt:敏|敏)}}; 5 April 1927 – 12 March 2002) was a Chinese-Filipino philanthropist and businessman who founded the Asiaworld Internationale GroupWEB, Philippe, Lasserre, Players in Asia-Pacific: A Profile,weblink INSEAD Euro-Asia Centre, and established the KTTI Foundation, which provided scholarships to and supported the education of thousands of young students. In 1997, Forbes listed Tan Yu as the 7th wealthiest person in the world, estimating his net worth to be about $7 billion. He was placed amongst the top 10 in the world on the Forbes List of World Billionaires 1997,NEWS,weblink Los Angeles Times, Bill Gates Tops Forbes List of Billionaires, 1 July 1996, NEWS,weblink The Seattle Times, Gates Stays On Top Of Forbes' Richest List -- Asian Tycoons Move Up In Rankings, 1 July 1996, making him the wealthiest man in the Philippines.BOOK, Bay-Hansen, C.D., Power Geopolitics in the Pacific Age, 2011,weblink Inkwater Press, 9781592995806,

Early life

Originally from Fujian province in China, Yu and his family moved to the Philippines at a young age. He began making a living in the province of Camarines Norte through selling bread buns in the streets and doing some fishing. He graduated from University of St. La Salle in Bacolod, and in 1997, received an honorary doctorate of science degree from the New Jersey Institute of Technology.NEWS, CNN Asiaweek Interview,weblink CNN Asiaweek, 30 November 2000, 3 February 2012,weblink" title="web.archive.org/web/20140109084859weblink">weblink 9 January 2014, dead, By the age of 18, he had established a successful textile business.NEWS, Tycoon, Philanthropist Tan Yu dies at 75,weblink Philippine Headline News,

Business Interests

During his lifetime, he planned to develop his private islands Fuga and Barit, two of the northernmost islands in the Philippines, into a resort in the Pacific for businessmen and tourists.NEWS,weblink From Backwater to Fantasy Isle: Filipino-Chinese Tycoon Makes an Audacious Move, CNN Asiaweek, 19 August 2008,weblink" title="web.archive.org/web/20110927035522weblink">weblink 27 September 2011, dead, Under the company Asiaworld, he possessed more land in the Philippines than the government, as well as possessing overseas assets in the form of property,NEWS, Taiwanese Billionaire Tan Yu building homes in Houston,weblinkweblink" title="archive.today/20120907161616weblink">weblink dead, 7 September 2012, Houston Chronicle, hotelsNEWS, Forbes Asia Financial Report,weblink Forbes Magazine, and banks.NEWS, Tan Yu's $12 Billion Empire,weblink CNN Asiaweek, 21 August 2008,weblink" title="web.archive.org/web/20090204123014weblink">weblink 4 February 2009, dead, His key holdings included the Asiaworld Plaza Hotel in Taiwan, over 200 Hectares of prime land in Manila Bay and the Islands of Fuga and Barit.BOOK, Studwell, Joe, Asian Godfathers - Money and Power in Hong Kong and South East Asia, 23 September 2008,weblink Atlantic Monthly Press, 9781555848927,

Personal life and death

Tan Yu died of heart failure in Houston, Texas, in 2002 at the age of 74. Jose de Venecia, the Speaker of the House of Representatives in the Philippines, commended his achievements as a great businessman and as a philanthropist, for providing jobs to a number of Philippine people.NEWS, Jose de Venecia Jr. Mourns the Loss the Tycoon,weblinkweblink" title="archive.today/20120906105522weblink">weblink dead, 6 September 2012, Philippines Star, He was posthumously honored with the Dr. Jose P. Rizal Award for Excellence.WEB,weblink 2008 Dr. Jose P. Rizal Awards for Excellence; Search for Outstanding Chinese-Filipinos, The Manila Times Internet Edition, 28 August 2008,weblink" title="web.archive.org/web/20080419034307weblink">weblink 19 April 2008, His children continue to live in the Philippines, Taiwan, Hong Kong and the US.NEWS, Lessons from a Tycoon,weblink Philippine Star, dead,weblink" title="archive.today/20120707191821weblink">weblink 7 July 2012, In the Story Arc 2078 edition of the Philippines comic strip series Pugad Baboy, Ninoy Aquino International Airport was named as Tan Yu International Airport (TYIA).{{citation needed|date=January 2024}}

References

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