History of andrew gotianun

Andrew Lo Gotianun Sr. (Chinese: 吳天恩; Pe̍h-ōe-jī: Gô͘ Thian-un; November 24, 1927 – March 10, 2016) was a Filipino businessman and investor.

He was best known for running Filinvest Development Corporation, a major Filipino conglomerate which owns most of Filinvest Land, Inc. and East West Banking Corporation.^[1] Gotianun also focused on biofuels and has acquired two sugar mills and a plantation.^[2] As of 2008, his fortune had decreased sharply to $235 million, a result of the global financial downturn.

However, his fortune climbed back to over $1 billion in 2014, according to Forbes.^[3]

Business

Gotianun made a living from salvaging ships at the end of the Second World War. Several years later, he became involved in an automobile dealership.^[1] Later, in 1955, he founded Filinvest Development Corporation a company which became engaged in real estate in 1967.^[4]

Gotianun and his wife, Mercedes, temp