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Tony Tan Caktiong

From Wikipedia, the free encyclopedia

In thisPhilippine name,thefamily nameisTan.
In thisChinese name,thefamily nameisTrần(Tan).
Tony Tan Caktiong
CM
Trần giác trung
Tan Caktiong in 2016
Born
Tony Tan Caktiong[1][2]

(1953-01-05)January 5, 1953(age 71)
Davao,Philippines
EducationUniversity of Santo Tomas(BS)
OccupationBusinessman
Known forFounder and chairman ofJollibee Foods Corporation[3]
Co-chairman ofDouble Dragon Properties, Corp.[4]
SpouseGrace A. Tan Caktiong
Children3
Chinese name
Traditional ChineseTrần giác trung
Simplified ChineseTrần giác trung
Transcriptions
Standard Mandarin
Hanyu PinyinChén Juézhōng
Southern Min
HokkienPOJTân Kak-tiong

Tony Tan Caktiong,CM(simplified Chinese:Trần giác trung;traditional Chinese:Trần giác trung;pinyin:Chén Juézhōng;Pe̍h-ōe-jī:Tân Kak-tiong;born January 5, 1953) is a Filipino businessman and investor. He is the founder and chairman ofJollibee Foods Corporation,and the co-chairman ofDoubleDragon Properties.Forbeslisted him as the fifth richest person in the Philippines in 2023, with an estimated net worth of US$3.2 billion.[5]

Early career and education

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Tan Caktiong was born on January 5, 1953 in the then-undivided province ofDavao(in nowDavao del Sur) toChineseimmigrant parents fromFu gian.[6]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.[7]Tony Tan Caktiong attended high school atChiang Kai Shek College[citation needed]and graduated from theUniversity of Santo Tomaswith a degree inchemical engineeringin 1975.[8]Tan had initially planned his fledgling nascent company to be anice cream parlorwhen he founded Jollibee, and then added dishes such ashamburgers,french fries,andfried chicken.

Career

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Jollibee Foods Corporation

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Tan Caktiong founded the fast-food chainJollibeein 1978 after starting it as an ice cream parlor in 1975.[9]Expansion and acquisition ofGreenwich Pizza Corp.[9]enabled it to enter the pizza-pasta segment. In early 2006,Jollibee Foods Corporationbought out the remaining shares of its partners in Greenwich Pizza Corporation, equivalent to a 20% stake, for P384 million in cash.[10][11][12][13]

Jollibee at Rizal

As of August 2008, Tan Caktiong's Jollibee has 1,480 stores worldwide, includingJollibee,Red Ribbon,Chowking,Greenwich,Manong Pepe's andMang Inasal.[14]

DoubleDragon Properties

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In 2012, Tan Caktiong, through his holding company, Honeystar Holdings Corporation, invested in Injap Land Corporation, a property company founded byEdgar Sia II.With Tan Caktiong's entry, the company was renamedDoubleDragon Properties Corporation.[15]

Personal life

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Tan Caktiong is married to Grace (née Ang).[16]He has 3 children.[17]He is also the brother of Ernesto Tanmantiong, who is the President and CEO of Jollibee Foods Corporation.[18]

Awards

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See also

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References

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  1. ^"Tony Tan Caktiong Profile".Forbes.Forbes Media.
  2. ^Dumlao, Doris (August 27, 2012)."Jollibee owner ventures into property dev't".Philippine Daily Inquirer.RetrievedSeptember 11,2022.
  3. ^"Tony Tan Caktiong: Executive Profile & Biography".Bloomberg webpage.RetrievedJune 15,2018.
  4. ^"Board of Directors".Double Dragon Properties, Corp. webpage.RetrievedJune 15,2018.
  5. ^HO "," JANE."Philippines' 50 Richest 2023".Forbes.RetrievedAugust 28,2023.
  6. ^"Tony Tan Caktiong: Wealth, Business Empire, and Life Outside Work".September 23, 2023.
  7. ^"How fried chicken made Jollibee founder Tony Tan Caktiong a billionaire".South China Morning Post.July 8, 2020.RetrievedSeptember 24,2022.
  8. ^Dumlao-Abadilla, Doris (June 3, 2018)."'Dragons' reshaping PH ".Philippine Daily Inquirer.RetrievedSeptember 11,2022.
  9. ^abGo, Josiah (2001).Fundamentals of Marketing: In The Philippine Setting.Quezon City,Philippines:Design Plus. pp. 1–2.ISBN971-91860-5-4.
  10. ^Ordinario, Cai U. (January 18, 2006)."Jollibee Foods buys out partner in Greenwich Pizza".BUSINESS.The Manila Times Internet Edition. Archived fromthe originalon June 21, 2007.RetrievedMarch 12,2007.
  11. ^"Restaurant chain trains staff, bags corporate social responsibility award".Cebu.Sun.Star Publishing, Inc.
  12. ^Arcibal, Cheryl M. "Jollibee group buys out partner in Delifrance".BUSINESS.The Manila Times Internet Edition ss/20061111bus4.html.
  13. ^"Philippine fast-food giant acquires China chain".September 20, 2007. Archived fromthe originalon June 25, 2013.RetrievedSeptember 14,2013.
  14. ^"Jollibee to acquire entire stake in China-based restaurant".GMA News. August 26, 2008.RetrievedSeptember 14,2013.
  15. ^"Jollibee owner ventures into property dev't".Philippine Daily Inquirer. August 27, 2012.RetrievedSeptember 12,2017.
  16. ^Venzon, Cliff (August 22, 2018)."How Jollibee's founder is building a fast-food empire".Nikkei Asia.RetrievedJuly 3,2022.
  17. ^"Tony Tan Caktiong".Forbes.Forbes Media.
  18. ^Flores, Wilson Lee (October 27, 2019)."Jollibee CEO courted future wife with 88 letters in 8 years while dreaming big".The Philippine Star.RetrievedJuly 3,2022.
  19. ^Food industry giant founder is Philippines' first Entrepreneur Of The YearArchivedFebruary 20, 2007, at theWayback Machine
  20. ^"Tony Tan Caktiong".ey.RetrievedDecember 29,2023.
  21. ^"APEC Awarding Ceremony to Mr.Tony Tan Caktiong".RTVM.gov.ph.January 14, 2016.
  22. ^Pata, Danny (February 15, 2018)."UST confers honoris business degree to Jollibee founder".GMA News.RetrievedNovember 21,2019.
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