Andrew Gotianun
Encyclopedia
Andrew Gotianun is a Chinese Filipino
entrepreneur from the Philippines
who at one time held a net worth of US$
860 million (2007). He runs the Filinvest Development Corporation which owns most of the Filinvest Land and the East West Bank
. Gotianun also focuses on biofuels and has acquired two sugar mills and a plantation. As of 2008, his fortune has decreased sharply to $235 Million, a result of the global financial downturn.
in 1967. Gotaniun and his wife, Mercedes, temporarily retired from business activities in the 1980s but returned a short time later, with a plan to make improvements to the corporation. He is among those honored at the BizNewAsia Real Estate Who is Who (BREW) awards.
are cousins and members of the notable Go clan in Cebu
. His son, Andrew Gotianun Jr., is the vice-president of Filinvest Land.
Chinese Filipino
A Chinese Filipino derived from two words: "Tsino" and "Pinoy" ) is a Philippine national of Chinese ethnicity but born/raised in the Philippines....
entrepreneur from the Philippines
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
who at one time held a net worth of US$
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
860 million (2007). He runs the Filinvest Development Corporation which owns most of the Filinvest Land and the East West Bank
East West Bank (Philippines)
EastWest Bank, more formally known as East West Banking Corporation, is a medium-sized commercial bank in the Philippines and the first commercial bank to be licensed in twenty years...
. Gotianun also focuses 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.
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 still, in 1955, he founded Filinvest Development Corporation a company which became engaged in real estateReal estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
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 GokongweiJohn Gokongwei
John L. Gokongwei, Jr. is a Chinese Filipino businessman with holdings in telecommunications, financial services, petrochemicals, power generation, aviation and live stock farming...
are cousins and members of the notable Go clan in Cebu
Cebu
Cebu is a province in the Philippines, consisting of Cebu Island and 167 surrounding islands. It is located to the east of Negros, to the west of Leyte and Bohol islands...
. His son, Andrew Gotianun Jr., is the vice-president of Filinvest Land.