Tony Tan Caktiong Net Worth is$1.4 Billion
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Ethnicity: Chinese Filipino
Tony Tan Caktiong net worth: Tony Tan Caktiong is a Chinese Filipino entrepreneur who has a net worth of $1.4 billion. Son of a chef, Tony Tan Caktiong opened Jollibee Foods back in 1978 with two Manila ice cream parlors. Today, it has turned into the largest fast-food company in the country with numerous chains including Jollibee, Chow King, Greenwich Pizza, and more than 2,000 stores in the Philippines and 541 overseas. Furthermore, Jollibee Foods owns the Burger King franchise in the Philippines, with plans to expand to Singapore. The success of the company continues as line of customers greeted June opening of Jollibee in Jersey City, which is its second outlet in the New York metro area. Thanks to his incredible entrepreneur skills, he was named the recipient of the 2004 Entrepreneur of the Year, Philippines and Ernst and Young Entrepreneur of the Year, World.
Tony Tan Caktiong (simplified Chinese: e??e??a,-; traditional Chinese: e??e??a,-; pinyin: ChA(C)n JuA(C)zhA?ng) is a Chinese Filipino entrepreneur and the founder and current Chairman and Chief Executive Officer of the Filipino fast food chain Jollibee. 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.
On 8 July 2008, Tan was elected board director of Philippine Long Distance Telephone Co. (PLDT)'s 11-member board, replacing Ma. Lourdes Rausa-Chan. He is also an independent director of First Gen Corp. Tan also top billed the World Intellectual Property Organization (WIPO) video documentaries. The WIPO webcast page featured personalities chosen from the 184 member states.
Tan founded the fast food chain Jollibee in 1978, after having started it as an ice cream parlor in 1975. Jollibee became a household name in the Philippines even though it went head to head against fast food giant McDonald's. Through expansion and acquisitions of Greenwich Pizza Corp. in 1994 enabling it to penetrate the pizza-pasta segment. From a 50-branch operation, Greenwich has established a strong presence in the food service industry. In early 2006, Jollibee Foods Corp. bought out the remaining shares of its partners in Greenwich Pizza Corp., equivalent to a 20% stake, for P384 million in cash.,Chowking in 2000 and Hongzhuangyuan in 2007, he has turned it into one of the largest fast-food chains in the world. 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.

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Tony Tan Caktiong Latest News

Jollibee beefs up war chest for US brand expansion

Jollibee Chairman Tony Tan-Caktiong said a brand with a $1-billion market capitalization would be just about right as the company is shifting away from its traditional market of serving overseas Filipinos in the world’s largest economy. “It should be a ...
Posted: January 21, 2015, 2:04 pm

Jollibee stings McDonald's in Philippines

MANILA — Sometime in the late 1970s, Tony Tan Caktiong, the owner of a small ice cream parlor in a lower- middle-class neighborhood here, learned that an American hamburger chain was coming to invade the Philippines. Worried that his store, which had ...
Posted: May 30, 2005, 6:00 pm

A tale of two dragons

And the rest, as they say, is history. The older man is Tony Tan Caktiong, founder of Jollibee, the younger man is Injap Sia II, the man behind Mang Inasal. They were both born under the Chinese dragon sign, a symbol of power and good luck for people ...
Posted: December 4, 2017, 11:16 pm
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