Tony Tan Caktiong
Tony Tan Caktiong | |
---|---|
陳覺中 | |
Born | Tony Tan Caktiong January 5, 1953 Davao del Sur, Philippines |
Nationality | Filipino |
Education | University of Santo Tomas |
Occupation | Businessman |
Known for | Founder and chairman of Jollibee Foods Corporation[1] Co-chairman of Double Dragon Properties, Corp.[2] |
Spouse(s) | Grace A. Tan Caktiong |
Children | 3 |
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[]
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[]
Jollibee Foods Corporation[]
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[]
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[]
- Entrepreneur Of The Year Philippines, 2004[11]
- Huizenga was named the 2005 Ernst & Young World Entrepreneur Of The Year, 2004
- Gawad Mabini with the rank of Commander (Dakilang Kasugo), 2016
- Honorary doctorate from the University of Santo Tomas, 2018[12]
References[]
- ^ "Tony Tan Caktiong: Executive Profile & Biography". Bloomberg webpage. Retrieved June 15, 2018.
- ^ "Board of Directors". Double Dragon Properties, Corp. webpage. Retrieved June 15, 2018.
- ^ Jump up to: a b "Forbes profile: Tony Tan Caktiong & family". Forbes. Retrieved 21 May 2020.
- ^ Jump up to: 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.
- ^ 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.
- ^ "Restaurant chain trains staff, bags corporate social responsibility award". Cebu. Sun.Star Publishing, Inc.
- ^ Arcibal, Cheryl M. "Jollibee group buys out partner in Delifrance". BUSINESS. The Manila Times Internet Edition ss/20061111bus4.html.
- ^ "Philippine fast-food giant acquires China chain". 2007-09-20. Archived from the original on 2013-06-25. Retrieved 2013-09-14.
- ^ "Jollibee to acquire entire stake in China-based restaurant". GMA News. 2008-08-26. Retrieved 2013-09-14.
- ^ "Jollibee owner ventures into property dev't". Philippine Daily Inquirer. 2012-08-27. Retrieved 2017-09-12.
- ^ Food industry giant founder is Philippines' first Entrepreneur Of The Year Archived February 20, 2007, at the Wayback Machine
- ^ Pata, Danny (15 February 2018). "UST confers honoris business degree to Jollibee founder". GMA News. Retrieved 21 November 2019.
- 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 people stubs
- Asian business biography stubs