Tony Tan Caktiong, (; born January 5, 1953) is a Filipino businessman and investor. He is the founder and chairman of

Jollibee Foods Corporation Jollibee Foods Corporation (abbreviated as JFC; doing business as, dba Jollibee Group) is a Philippine multinational corporation, multinational company headquartered in Pasig, Metro Manila, Philippines. JFC is the owner of the fast food brand ...

, 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 Pasay, Pasay City, Metro Manila, Philippines. It was founded in 2009 as a subsidiary of ...

. ''

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

'' listed him as the fifth richest person in the Philippines in 2023, with an estimated net worth of US$3.2 billion.

Early career and education

Tan Caktiong was born on January 5, 1953 in the then-undivided province of Davao (in now

Davao del Sur Davao del Sur (; ), officially the Province of Davao del Sur (; ), is a Provinces of the Philippines, province in the Philippines located in the Davao Region in Mindanao. Its capital is Digos. Davao City is the largest city in terms of area an ...

) to Chinese immigrant parents from

Fujian Fujian is a provinces of China, province in East China, southeastern 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 capital is Fuzhou and its largest prefe ...

.https://bilyonaryo.com/2021/03/11/estate-planning-tan-caktiong-jollibee-founding-owners-consolidate-holdings-in-hyperdynamic-through-p24-4b-deal/food-nature/ 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. Tony Tan Caktiong attended high school at

Chiang Kai Shek College Chiang Kai-shek College (; ) 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). The school (学校） offers pro ...

and graduated from the

University of Santo Tomas The University of Santo Tomas (UST; ), officially the Pontifical and Royal University of Santo Tomas, The Catholic University of the Philippines or colloquially as ''Ustê'' (), is a Private university, private Catholic school, Catholic researc ...

with a degree in

chemical engineering Chemical engineering is an engineering field which deals with the study of the operation and design of chemical plants as well as methods of improving production. Chemical engineers develop economical commercial processes to convert raw materials ...

in 1975. Tan had initially planned his fledgling nascent company to be an

ice cream parlor Ice cream parlors (American English) or ice cream parlours (British English) are parlor 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- ...

when he founded Jollibee, and then added dishes such as hamburgers, 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) which serves as its flagship brand. Established in 1978 by Tony Tan Caktiong, it is the Philippines' top fast food restaurant and is among the ...

in 1978 after starting 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,

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 1,480 stores worldwide, including Jollibee,

Red Ribbon The red ribbon, as an awareness ribbon, is used as the symbol for the solidarity of people living with HIV/AIDS, and for the awareness and prevention of Substance abuse#Drug misuse, drug abuse and Driving under the influence, drunk driving. Awar ...

Chowking Chowking () is a Filipino fast food restaurant chain that serves Filipino Chinese cuisine. Founded in 1985, Chowking was acquired by Jollibee Foods Corporation in 2000. It is widely considered the country's most popular restaurant of Chinese-Fil ...

Greenwich Greenwich ( , , ) is an List of areas of London, area in south-east London, England, within the Ceremonial counties of England, ceremonial county of Greater London, east-south-east of Charing Cross. Greenwich is notable for its maritime hi ...

, Manong Pepe's and

Mang Inasal Mang Inasal Philippines, Inc., or simply Mang Inasal ( Hiligaynon for "Mr. Barbecue"), is a barbecue fast food restaurant chain in the Philippines established on December 12, 2003, in Iloilo City. It is one of the most popular fast food chains ...

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 (née Ang). He has 3 children. 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 * Ernst & Young World Entrepreneur Of The Year, 2004 *

Gawad Mabini Gawad Mabini is an Order (decoration), order given by the President of the Republic of the Philippines. History Created by President Ferdinand Marcos through Presidential Decree No. 490 on June 24, 1974, the Gawad Mabini may be conferred upon ...

with the rank of Commander (Dakilang Kasugo),2016 *Honorary doctorate from the

, 2018

References

{{DEFAULTSORT:Tan Caktiong, Tony 1953 births Living people Fast-food chain founders Filipino billionaires Filipino businesspeople in real estate Filipino chairpersons of corporations Filipino chief executives Filipino company founders Filipino investors Filipino people of Chinese descent Jollibee Group University of Santo Tomas alumni