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Andrew Lo Gotianun Sr. (; 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. Gotianun also focused on
biofuels Biofuel is a fuel that is produced over a short time span from biomass, rather than by the very slow natural processes involved in the formation of fossil fuels such as oil. Biofuel can be produced from plants or from agricultural, domestic ...
and has acquired two sugar mills and a plantation. 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.


Business

Gotianun made a living from salvaging ships at the end of the
Second World War World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...
. 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. Gotianun 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 was among those honored at the BizNewAsia Real Estate Who is Who (BREW) awards.


Private life

Gotianun is second cousins once removed with fellow Filipino magnate, John Gokongwei, Jr. and is also related to the Gaisano family, where he is first cousin once removed from Doña Modesta Singson, as members of the notable Go clan in
Cebu Cebu ( ; ), officially the Province of Cebu (; ), is a province of the Philippines located in the Central Visayas region, and consists of a main island and 167 surrounding islands and islets. The coastal zone of Cebu is identified as a ...
. Gotianun's grandfather (), Hispanized as "Go Quiao Co" () was a half brother of Gokongwei's great-grandfather Don Pedro Singson Gotiaoco His son, Andrew Gotianun Jr., was the vice-president of Filinvest Land.


References


External links


Filinvest Development Corporation Website
{{DEFAULTSORT:Gotianun, Andrew 1927 births 2016 deaths Businesspeople from Cebu Businesspeople in retailing Gotianun, Andrew Filipino businesspeople in real estate Filipino company founders Filipino investors