Lucio Tan ‘in stable condition’ after being hospitalized due to COVID-19

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(FILE PHOTO)

Metro Manila (CNN Philippines, April 18) — Business tycoon Lucio Tan is “in a stable condition” and responding well to treatment after being hospitalized for COVID-19, his daughter Vivienne Tan said Saturday.

“My dad was admitted to the hospital after he tested positive for COVID-19. He is in stable condition, responding well, and recovering,” she said in an Instagram post.

She also asked for prayers for her father’s speedy recovery and “some privacy at this time.”

Lucio Tan founded the LT Group, Inc. whose subsidiaries and associates are Tanduay Distillers, Inc.; Asia Brewery, Inc.; Fortune Tobacco Corp.; Philippine National Bank; Saturn Holdings, Inc.; Paramount Landequities, Inc.; and Eton Properties Philippines, Inc.

Tan is the third richest Filipino in the Forbes’ 2021 World's Billionaires List. His net worth is listed at $3.3 billion (nearly ₱160 billion).