Tan Yu was only a small child when his family migrated to the Philippines from southern China hoping for a better life. Settling in the town of Mercedes in Camarines Norte province, the lad's father died early, so Tan Yu had to discontinue his studies to support his family. He peddled breakfast rolls and other foodstuff with his brother, and later on worked as fisherman.
Shortly after the end of the Japanese occupation , Tan Yu was sent by his mother to Manila, where he worked as a store clerk. He earned P50 per month, sleeping in a storage to salesman to distributor and later on the owner of his own textile mill. At 18, Tan Yu had made his first million pesos.
After making a fortune in textiles, Tan Yu gradually created a business empire that later on included finance, real estate, agribusiness,a and flour distribution. He expanded his investments overseas, particularity in Taiwan, where he became one of Asia's biggest property investors. He constructed the 1,057-room Asiaworld Plaza Hotel in Taipei, which became the region's largest international hotel and department store complex.
But the amazing thing about this was the fact that he established his realty ventures at a time when Taiwan was still reeling from diplomatic rejection by the United States and other foreign bodies. thus creating an uncertain economic scenario fro the Taiwanese.
Not entirely forgetting his Filipino roots, Tan Yu made numerous investments in the Philippines, including his Asiaworld City along Manila Bay, AIC Realty Corporation with its string of real estate holdings and Panasia Bank.
What is the basis of Tan Yu's genius? Simple : a mindset that goes against the tide. He has been known to ignore conventional wisdom, flout traditional rules, make aggressive calculated risks, venture into bold speculations, and pioneer into uncharted territories.
The words from Tan Yu: "There's no such thing as luck. Success is all hard work and persistence. . . It is difficult for anyone to defeat a person who is imbued with hard work, determination and persistence."
Continue Reading on Success Stories . . .
After making a fortune in textiles, Tan Yu gradually created a business empire that later on included finance, real estate, agribusiness,a and flour distribution. He expanded his investments overseas, particularity in Taiwan, where he became one of Asia's biggest property investors. He constructed the 1,057-room Asiaworld Plaza Hotel in Taipei, which became the region's largest international hotel and department store complex.
But the amazing thing about this was the fact that he established his realty ventures at a time when Taiwan was still reeling from diplomatic rejection by the United States and other foreign bodies. thus creating an uncertain economic scenario fro the Taiwanese.
Not entirely forgetting his Filipino roots, Tan Yu made numerous investments in the Philippines, including his Asiaworld City along Manila Bay, AIC Realty Corporation with its string of real estate holdings and Panasia Bank.
What is the basis of Tan Yu's genius? Simple : a mindset that goes against the tide. He has been known to ignore conventional wisdom, flout traditional rules, make aggressive calculated risks, venture into bold speculations, and pioneer into uncharted territories.
The words from Tan Yu: "There's no such thing as luck. Success is all hard work and persistence. . . It is difficult for anyone to defeat a person who is imbued with hard work, determination and persistence."
Continue Reading on Success Stories . . .
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