(kuam.com) - A local entrepreneur is among three Filipinos listed as the richest people in the world, according to Forbes Magazine. Lucio Tan, the self-made tobacco proprietor turned business tycoon, is ranked 407th out of 946 recognized people from 53 different countries on the prestigious and notorious Forbes roster of global billionaires. Tan's net worth is estimated at being US$2.3 billion.
Tan's family's business local private sector endeavors include Benson's Hardware, SM Mart and the Fiesta Resort hotel. Described as being "frugal and low-key" and "at times controversial", the 72-year-old Tan has invested heavily in several Asian interests like Philippine Airlines, the Philippine National Bank and fortune tobacco. Forbes also cites Tan as owning a large portfolio of real estate in Hong Kong.
Tan is joined by two of his countrymen, industrialist Jaime Zobel de Ayala and retail giant Henry Sy.
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