Tony Tan Caktiong
Template:Short description Template:Use mdy dates Template:Use Philippine English Template:Philippine name Template:Family name hatnote Script error: No such module "infobox".Script error: No such module "Check for unknown parameters".Script error: No such module "Check for clobbered parameters".Template:Wikidata image Tony Tan Caktiong, Template:Post-nominals (Template:Zh; born January 5, 1953) is a Filipino businessman and investor. He is the founder and chairman of Jollibee Foods Corporation, and the co-chairman of DoubleDragon Properties. Forbes listed him as the fifth richest person in the Philippines in 2023, with an estimated net worth of US$3.2 billion.[1]
Early career and education
Tan Caktiong was born on January 5, 1953 in the then-undivided province of Davao (in now Davao del Sur) to Chinese immigrant parents from Fujian.[2][3] His father worked in a restaurant in China and as a cook in a Buddhist monastery in Manila before setting up his restaurant in Davao City.[4] Tony Tan Caktiong attended high school at Chiang Kai Shek College[5] and graduated from the University of Santo Tomas with a degree in chemical engineering in 1975.[6] Tan had initially planned his fledgling nascent company to be an ice cream parlor when he founded Jollibee, and then added dishes such as hamburgers, french fries, and fried chicken.
Career
Jollibee Foods Corporation
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Tan Caktiong founded the fast-food chain Jollibee in 1978 after starting it as an ice cream parlor in 1975.[7] Expansion and acquisition of Greenwich Pizza Corp.[7] 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.[8][9][10][11]
As of August 2008, Tan Caktiong's Jollibee has 1,480 stores worldwide, including Jollibee, Red Ribbon, Chowking, Greenwich, Manong Pepe's and Mang Inasal.[12]
DoubleDragon Properties
In 2012, Tan Caktiong, through his holding company, Honeystar Holdings Corporation, invested in Injap Land Corporation, a property company founded by Edgar Sia II. With Tan Caktiong's entry, the company was renamed DoubleDragon Properties Corporation.[13]
Personal life
Tan Caktiong is married to Grace (née Ang).[14] He has 3 children.[15] He is also the brother of Ernesto Tanmantiong, who is the President and CEO of Jollibee Foods Corporation.[16]
Awards
- Entrepreneur Of The Year Philippines, 2004[17]
- Ernst & Young World Entrepreneur Of The Year, 2004[18]
- Gawad Mabini with the rank of Commander (Dakilang Kasugo),2016 [19]
- Honorary doctorate from the University of Santo Tomas, 2018[20]
See also
References
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- ↑ https://bilyonaryo.com/2021/03/11/estate-planning-tan-caktiong-jollibee-founding-owners-consolidate-holdings-in-hyperdynamic-through-p24-4b-deal/food-nature/
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- Pages with script errors
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- 1953 births
- Living people
- Fast-food chain founders
- Filipino billionaires
- Filipino businesspeople in real estate
- Filipino chairpersons of corporations
- Filipino chief executives
- Filipino company founders
- Filipino investors
- Filipino people of Chinese descent
- Jollibee Group
- University of Santo Tomas alumni