Tony Tan Caktiong

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Tony Tan Caktiong

陳覺中
Tony Tan Caktiong & Aquino 2016 (cropped).jpg
Caktiong in 2016
Born
Tony Tan Caktiong

(1953-01-05) January 5, 1953 (age 68)
Davao del Sur, Philippines
NationalityFilipino
EducationUniversity of Santo Tomas
OccupationBusinessman
Known forFounder and chairman of Jollibee Foods Corporation[1]
Co-chairman of Double Dragon Properties, Corp.[2]
Spouse(s)Grace A. Tan Caktiong
Children3
Chinese name
Traditional Chinese陳覺中
Simplified Chinese陈觉中

Tony Tan Caktiong, CM (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 Filipino billionaire businessman. He is the founder and chairman of Jollibee Foods Corporation, and the co-chairman of DoubleDragon Properties.

Early career and education[edit]

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.

Career[edit]

Jollibee Foods Corporation[edit]

Tan founded the fast food chain Jollibee in 1978, after having started it as an ice cream parlor in 1975.[4] Expansion and acquisition of Greenwich Pizza Corp.[4] 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.[5][6][7][8]

As of August 2008, Tan's Jollibee has a total of 1,480 stores worldwide including Jollibee, Red Ribbon, Chowking, Greenwich, Manong Pepe's and Mang Inasal.[9]

As of November 2015, Forbes estimated his net worth at US$4.1 billion.[3]

DoubleDragon Properties[edit]

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.[10]

Awards[edit]

See also[edit]

References[edit]

  1. ^ "Tony Tan Caktiong: Executive Profile & Biography". Bloomberg webpage. Retrieved June 15, 2018.
  2. ^ "Board of Directors". Double Dragon Properties, Corp. webpage. Retrieved June 15, 2018.
  3. ^ a b "Forbes profile: Tony Tan Caktiong & family". Forbes. Retrieved 21 May 2020.
  4. ^ a b Go, Josiah (2001). Fundamentals of Marketing: In The Philippine Setting. Quezon City, Philippines: Design Plus. pp. 1–2. ISBN 971-91860-5-4.
  5. ^ Ordinario, Cai U. (2006-01-18). "Jollibee Foods buys out partner in Greenwich Pizza". BUSINESS. The Manila Times Internet Edition. Archived from the original on 2007-06-21. Retrieved 2007-03-12.
  6. ^ "Restaurant chain trains staff, bags corporate social responsibility award". Cebu. Sun.Star Publishing, Inc.
  7. ^ Arcibal, Cheryl M. "Jollibee group buys out partner in Delifrance". BUSINESS. The Manila Times Internet Edition ss/20061111bus4.html.
  8. ^ "Philippine fast-food giant acquires China chain". 2007-09-20. Archived from the original on 2013-06-25. Retrieved 2013-09-14.
  9. ^ "Jollibee to acquire entire stake in China-based restaurant". GMA News. 2008-08-26. Retrieved 2013-09-14.
  10. ^ "Jollibee owner ventures into property dev't". Philippine Daily Inquirer. 2012-08-27. Retrieved 2017-09-12.
  11. ^ Food industry giant founder is Philippines' first Entrepreneur Of The Year Archived February 20, 2007, at the Wayback Machine
  12. ^ Pata, Danny (15 February 2018). "UST confers honoris business degree to Jollibee founder". GMA News. Retrieved 21 November 2019.