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.[1] Gotianun also focused on biofuels and has acquired two sugar mills and a plantation.[2] 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.[3]
Business
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.[1] Later, in 1955, he founded Filinvest Development Corporation