Andrew Tan Family (Megaworld)
Overview
Founded by Andrew Tan in 1989, Megaworld Corporation is a leading Philippine real estate developer known for large-scale integrated townships, residential condominiums, and office buildings. The family also controls Alliance Global Group, with interests in liquor (Emperador), quick-service restaurants (McDonald's Philippines), and gaming (Travellers International). Megaworld holds a dominant position in the Philippine property market, particularly in Metro Manila and key provincial cities.
Description
Andrew Tan family leads Megaworld, a top Philippine property developer, and Alliance Global Group with liquor, fast food, and gaming assets.
Leadership
Governance
Held through Alliance Global Group (AGI), a publicly listed holding company. Andrew Tan is Chairman and CEO of AGI and Megaworld. Key entities include Megaworld (real estate), Emperador (liquor), Golden Arches Development (McDonald's), and Travellers International (gaming). Decision-making is centralized under Andrew Tan.
Succession
Andrew Tan's children are involved: Kevin Tan is CEO of Megaworld, Kingson Tan is COO of Emperador, and Krystal Tan is involved in AGI. Succession is underway with the next generation taking operational roles, but Andrew Tan remains the ultimate decision-maker.
Public-Sector Context
The family has ties to Philippine political and regulatory bodies, given their large-scale projects requiring government approvals. They have faced scrutiny over tax issues and gaming regulations. Risk factors include changes in property and gaming laws, and potential political instability.