Andrew Gotianun
Quick Facts
Biography
Andrew Lo Gotianun Sr. (Chinese: 吳天恩; Pe̍h-ōe-jī: Gô͘ Thian-un; November 24, 1927 – March 10, 2016) was a Chinese Filipino entrepreneur from the Philippines who had a net worth of US$900 million in 2015. He ran the Filinvest Development Corporation which owns most of Filinvest Land, Inc. and East West Banking Corporation. Gotianun also focused on biofuels and has acquired two sugar mills and a plantation. As of 2008, his fortune has decreased sharply to $235 Million,a result of the global financial downturn but in 2014 he’s back to the billionaire ranks with a fortune over $1 billion according to Forbes.
Business career
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. Later, in 1955, he founded Filinvest Development Corporation a company which became engaged in real estate in 1967. Gotaniun and his wife, Mercedes, temporarily retired from business activities in the 1980s but returned a short time later, with a plan to make improvements to the corporation. He is among those honored at the BizNewAsia Real Estate Who is Who (BREW) awards.
Private life
Gotianun and fellow businessman John Gokongwei were distant cousins and members of the notable Go clan in Cebu. Gotianun's grandfather (simplified Chinese: 吴文皎; traditional Chinese: 吳文皎; pinyin: Wú Wénjiǎo; Pe̍h-ōe-jī: Gô͘ Bûnkiáu), Hispanized as "Go Quiao Co" (simplified Chinese: 吴皎哥; traditional Chinese: 吳皎哥; Pe̍h-ōe-jī: Gô͘-kiáu-ko) was a half brother of Gokongwei's great-grandfather Pedro Singson Gotiaoco. His son, Andrew Gotianun Jr., is the vice-president of Filinvest Land.