ANDREW GOTIANUN, SR.’s business empire paid tribute to its late founder Friday, after the 88-year-old taipan passed away Thursday morning.
“Today, the Filinvest Group of Companies celebrates the life of a visionary man who not only dreamed and envisioned homes for every Filipino, but also fulfilled it,” said Filinvest Development Corp. in its official Facebook account. “Indeed, you left us with a legacy worth pursuing. Thank you for your life, Mr. Andrew Gotianun Sr.”
Born on November 24, 1927, Gotianun founded real estate firm Filinvest Development Corp. in 1967. FDC owns and controls Filinvest Land Corp., one of the country’s biggest property developers, and East West Unibank.
The Chinese-Filipino tycoon also focused on biofuels, and acquired sugar mills and plantation.
Forbes included him in the billionaire ranks with a fortune of over $1 billion in 2014.
Real estate expert Prof. Enrique Soriano of the Ateneo Graduate School of Business told The Manila Times the late taipan had been sickly in recent months.
“He is among the few taipans in Asia that have chosen competence and qualifications over age,” Soriano said. “His successor is Josephine, the only daughter among the siblings.”
Masses will be held for Gotianun at Capilla dela Virgen in Santuario de San Antonio until Sunday. Interment will be on Monday.