Tony Tan Caktiong’s profile picture

Tony Tan Caktiong

Tony Tan Caktiong’s profile picture
Net worth 2018: $4.04 Billion
Residence: Manila, Philippines
Country: Philippines
BirthDay: 5 January 1953
Sigh: Aquarius
Children: 3
BIOGRAPHY

Tony Tan Caktiong was bornon 5 January 1953 in Manila, Philippines, Philippines. Tony Tan Caktiong is #570 in List Billionaires People In The World. Tony Tan Caktiong is the founder and chairman of Jollibee Food, the world's fastest-growing Asian restaurant chain. The food empire, which started humbly as an ice cream shop, saw $2.2 billion sales in 2016 as it continues to expand from Brunei to the U.S. Jollibee sells Filipino, Chinese, American and European dishes adapted to a quick-serve and affordable format. With partner Edgar Sia II, Caktiong also owns a stake in the fast-growing DoubleDragon Properties.

NET WORTH STATISTIC
2013

$1.4 Billion

2014

$1.7 Billion

2015

$2.7 Billion

2016

$3 Billion

2017

$3.4 Billion

2018

$4.04 Billion

TIMELINE
Tony Tan Caktiong (simplified Chinese: 陈觉中; traditional Chinese: 陳覺中; pinyin: Chén Juézhōng; Pe̍h-ōe-jī: Tân Kak-tiong; born January 5, 1953) is a Chinese Filipino entrepreneur. He is the founder and chairman of Jollibee Foods Corporation which owns the Filipino fast food chain Jollibee, and the co-chairman of DoubleDragon Properties.Tan was born to Chinese immigrant parents from Fujian. He attended high school at Chiang Kai Shek College and graduated from the University of Santo Tomas with a degree in chemical engineering. Tan had initially planned an ice cream parlor when he founded Jollibee, then added dishes such as hamburgers, french fries, and fried chicken.Tan founded the fast food chain Jollibee in 1978, after having started it as an ice cream parlor in 1975. Through expansion and acquisitions of Greenwich Pizza Corp. which enabled it to enter the pizza-pasta segment. In early 2006, Jollibee Foods Corporation bought out the remaining shares of its partners in Greenwich Pizza Corporation, equivalent to a 20% stake, for P384 million in cash. As of August 2008, Tan's Jollibee has a total of 1,480 stores worldwide including Jollibee, Red Ribbon, Chowking, Greenwich, Manong Pepe's, Mang Inasal and Tita Frita's Uling Uling.As of November 2015, Forbes estimated his net worth at US$2.6 billion.In 2012, Tan, through his holding company, Honeystar Holdings Corporation, invested in Injap Land Corporation, a property company founded by Edgar Sia II. With Tan's entry, the company was renamed DoubleDragon Properties Corporation.
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