Tony Tan Caktiong, (; born 1953) is a Filipino
billionaire businessman. He is the founder and chairman of
Jollibee Foods Corporation
Jollibee Foods Corporation (abbreviated as JFC and Jollibee Group; also known as Jollibee after its primary fast food brand) is a Filipino multinational company based in Pasig, Philippines. JFC is the owner of the fast food brand Jollibee.
W ...
, and the co-chairman of
DoubleDragon Properties
DoubleDragon Corporation (formerly, Injap Land Corporation and DoubleDragon Properties Corporation) is a Philippine real estate development company based in Makati, Metro Manila, Philippines. It was founded in 2009 as a subsidiary of Injap Inves ...
.
Early career and education
Tan Caktiong was born to Chinese immigrant parents from
Fujian
Fujian (; alternately romanized as Fukien or Hokkien) is a province on the southeastern coast of China. Fujian is bordered by Zhejiang to the north, Jiangxi to the west, Guangdong to the south, and the Taiwan Strait to the east. Its cap ...
. His father worked in a restaurant in China and as a cook in a Buddhist monastery in Manila before setting up his own restaurant in Davao City
Tony Tan Caktiong attended high school at
Chiang Kai Shek College
Chiang Kai-shek College ( tl, Kolehiyo ng Chiang Kai Shek; ) is a Chinese Filipino institution of higher learning founded by Chinese Filipinos, recognized by the government of the Republic of the Philippines and the Republic of China (Taiwan). ...
and graduated from the
University of Santo Tomas
The University of Santo Tomas (also known as UST and officially as the Pontifical and Royal University of Santo Tomas, Manila) is a private, Catholic research university in Manila, Philippines. Founded on April 28, 1611, by Spanish friar Migue ...
with a degree in
chemical engineering
Chemical engineering is an engineering field which deals with the study of operation and design of chemical plants as well as methods of improving production. Chemical engineers develop economical commercial processes to convert raw materials int ...
in 1975. Tan had initially planned an
ice cream parlor
Ice cream parlors (American English) or ice cream parlours (British English) are places that sell ice cream, gelato, sorbet, and/or frozen yogurt to consumers. Ice cream is typically sold as regular ice cream (also called hard-packed or hard s ...
when he founded Jollibee, then added dishes such as
hamburger
A hamburger, or simply burger, is a food consisting of fillings—usually a patty of ground meat, typically beef—placed inside a sliced bun or bread roll. Hamburgers are often served with cheese, lettuce, tomato, onion, pickles, bacon, ...
s,
french fries, and
fried chicken.
Career
Jollibee Foods Corporation
Tan Caktiong founded the fast food chain
Jollibee
Jollibee is a Filipino chain of fast food restaurants owned by Jollibee Foods Corporation (JFC). As of December 2021, JFC had a total of about 1,500 Jollibee outlets worldwide, with restaurants in Southeast Asia, the Middle East, East Asia ...
in 1978, after having started it as an ice cream parlor in 1975.
Expansion and acquisition of
Greenwich Pizza Corp.[ enabled it to enter the pizza-pasta segment. In early 2006, ]Jollibee Foods Corporation
Jollibee Foods Corporation (abbreviated as JFC and Jollibee Group; also known as Jollibee after its primary fast food brand) is a Filipino multinational company based in Pasig, Philippines. JFC is the owner of the fast food brand Jollibee.
W ...
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 Caktiong's Jollibee has a total of 1,480 stores worldwide including Jollibee
Jollibee is a Filipino chain of fast food restaurants owned by Jollibee Foods Corporation (JFC). As of December 2021, JFC had a total of about 1,500 Jollibee outlets worldwide, with restaurants in Southeast Asia, the Middle East, East Asia ...
, Red Ribbon, Chowking
Chowking () is a Chinese cuisine fast food restaurant selling mostly noodle soups, dim sum and rice bowls. Its headquarters in the Philippines.
After Jollibee Foods Corporation (JFC) acquired Chowking in 2000, the brand was placed under F ...
, Greenwich
Greenwich ( , ,) is a town in south-east London, England, within the ceremonial county of Greater London. It is situated east-southeast of Charing Cross.
Greenwich is notable for its maritime history and for giving its name to the Greenwich ...
, Manong Pepe's and Mang Inasal
Mang Inasal Philippines, Inc., also known as Mang Inasal, ( Hiligaynon for "Mr. Barbecue") is a barbecue fast food restaurant chain in the Philippines, established in Iloilo City in 2003.
History
The company was started by Edgar Sia, Edgar "I ...
.
As of November 2015, ''Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...
'' estimated his net worth at US$4.1 billion.
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.
Personal life
Tan Caktiong is married to Grace Tan Caktiong. He is also the brother of Ernesto Tanmantiong, who is the President and CEO of Jollibee Foods Corporation.
Awards
*''Entrepreneur Of The Year Philippines'', 2004
*Huizenga was named the 2005 Ernst & Young World Entrepreneur Of The Year, 2004
*Gawad Mabini
Gawad Mabini is an honor given by the Republic of the Philippines.
History
Created by Presidential Decree No. 490, the Gawad Mabini may be conferred upon personnel of the DFA, both in the Home Office and in the Foreign Service, and upon Filipi ...
with the rank of Commander (Dakilang Kasugo), 2016
*Honorary doctorate from the University of Santo Tomas
The University of Santo Tomas (also known as UST and officially as the Pontifical and Royal University of Santo Tomas, Manila) is a private, Catholic research university in Manila, Philippines. Founded on April 28, 1611, by Spanish friar Migue ...
, 2018
See also
* Alfonso A. Uy
Alfonso A. Uy () is a Filipino-Chinese businessman that holds numerous businesses in Iloilo. He is the former and first President of the Federation of Filipino Chinese Chambers of Commerce & Industry who came from the Visayas and Mindanao. He fin ...
* Edgar Sia
Edgar "Injap" Jaruda Sia II (born 1977) is a Filipino businessman. He is the chairman of DoubleDragon Corporation (a joint business venture with Tony Tan Caktiong), and the founder of the Mang Inasal fast food restaurant chain.
In 2011, Sia ...
* Jonha Richman
Jonha Richman (born Jonha Ducayag Revesencio) is a Filipino-born businesswoman. Rappler recognised her as one of the 'most inspiring Filipino entrepreneurs' and SunStar considered her as one of the most 'successful Filipino businesswomen'. Dubb ...
* Emilio Yap
Emilio T. Yap Sr., GCLH (September 24, 1925 – April 7, 2014) was a Chinese Filipino business tycoon and philanthropist. He was the chairman of the board of the ''Manila Bulletin''.
Biography
Emilio Yap, who was of Chinese descent, was born on ...
* George T. Yang
George T. Yang is a Filipino businessman, investor, singer, and former diplomat who owns the master franchise of McDonald's in the Philippines through Golden Arches Development Corporation (GADC). He is the founder of McDonald's Philippines throu ...
References
{{DEFAULTSORT:Tan Caktiong, Tony
Jollibee Foods Corporation
Fast-food chain founders
Filipino billionaires
Filipino chief executives
Filipino people of Chinese descent
Living people
University of Santo Tomas alumni
Filipino company founders
1953 births
Filipino chairpersons of corporations