Tony Tan Caktiong

Tony Tan Caktiong, CM (simplified Chinese:

陈觉中; traditional Chinese: 陳覺中; pinyin:
Chén Juézhōng; Pe̍h-ōe-jī: Tân Kak-tiong;
born 1953) is a Filipino businessman. He is
the founder and chairman of Jollibee
Foods Corporation, and the co-chairman
of DoubleDragon Properties. Forbes listed
him as the fifth richest person in the
Philippines in 2023, with the estimated net
worth of USD$3.2 billion.[4]
 Tony Tan Caktiong
CM

陳覺中

Tan Caktiong in 2016

Born Tony Tan Caktiong

1953 (age 69–70)[1]

Education University of Santo

Tomas (BS)

Occupation Businessman
Known for Founder and chairman
of Jollibee Foods
Corporation[2]
Co-chairman of
Double Dragon
Properties, Corp.[3]

Spouse Grace A. Tan Caktiong

Children 3

Chinese name

Traditional Chinese 陳覺中

Simplified Chinese 陈觉中

 Transcriptions

Standard Mandarin

Hanyu Pinyin Chén Juézhōng

Southern Min

Hokkien POJ Tân Kak-tiong

Early career and education

Tan Caktiong was born to Chinese
immigrant parents from Fujian. 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[5] Tony Tan Caktiong attended
high school at Chiang Kai Shek College
and graduated from the University of
Santo Tomas with a degree in chemical
engineering in 1975.[6] 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 Caktiong founded the fast food chain

Jollibee in 1978, after having started it as
an ice cream parlor in 1975.[7] Expansion
and acquisition of Greenwich Pizza Corp.[7]
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.[8][9][10][11]

As of August 2008, Tan Caktiong's Jollibee

has a total of 1,480 stores worldwide
including Jollibee, Red Ribbon, Chowking,
Greenwich, Manong Pepe's and Mang
Inasal.[12]

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.[13]

Personal life
Tan Caktiong is married to Grace Tan
Caktiong.[14] He is also the brother of
Ernesto Tanmantiong, who is the President
and CEO of Jollibee Foods Corporation.[15]

Awards
Entrepreneur Of The Year Philippines,
2004[16]
 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[17]

See also
Alfonso A. Uy
Edgar Sia
Jonha Richman
Emilio Yap
George T. Yang
References
1. Dumlao, Doris (August 27, 2012). "Jollibee
owner ventures into property dev't" (https://
business.inquirer.net/78816/jollibee-owner
-ventures-into-property-devt) . Philippine
Daily Inquirer. Retrieved September 11,
2022.
2. "Tony Tan Caktiong: Executive Profile &
Biography" (https://www.bloomberg.com/r
esearch/stocks/people/person.asp?person
Id=8178742&privcapId=296642) .
Bloomberg webpage. Retrieved June 15,
2018.
3. "Board of Directors" (https://www.doubledr
agon.com.ph/page/board-of-directors) .
Double Dragon Properties, Corp. webpage.
Retrieved June 15, 2018.
4. HO", "JANE. "Philippines' 50 Richest 2023"
(https://www.forbes.com/lists/philippines-
billionaires/) . Forbes. Retrieved August 28,
2023.
5. "How fried chicken made Jollibee founder
Tony Tan Caktiong a billionaire" (https://ww
w.scmp.com/magazines/style/news-trend
s/article/3092165/how-jollibee-beat-mcdo
nalds-become-philippines-fast) . South
China Morning Post. July 8, 2020. Retrieved
September 24, 2022.
6. Dumlao-Abadilla, Doris (June 3, 2018).
" 'Dragons' reshaping PH" (https://business.
inquirer.net/251878/dragons-reshaping-p
h) . Philippine Daily Inquirer. Retrieved
September 11, 2022.
7. Go, Josiah (2001). Fundamentals of
Marketing: In The Philippine Setting.
Quezon City, Philippines: Design Plus.
pp. 1–2. ISBN 971-91860-5-4.
8. Ordinario, Cai U. (January 18, 2006).
"Jollibee Foods buys out partner in
Greenwich Pizza" (https://web.archive.org/
web/20070621190536/http://www.manilat
imes.net/national/2006/jan/18/yehey/busi
ness/20060118bus8.html) . BUSINESS.
The Manila Times Internet Edition. Archived
from the original (http://www.manilatimes.
net/national/2006/jan/18/yehey/business/
20060118bus8.html) on June 21, 2007.
Retrieved March 12, 2007.
9. "Restaurant chain trains staff, bags
corporate social responsibility award".
Cebu. Sun.Star Publishing, Inc.
10. Arcibal, Cheryl M. "Jollibee group buys out
partner in Delifrance". BUSINESS. The
Manila Times Internet Edition
ss/20061111bus4.html.
11. "Philippine fast-food giant acquires China
chain" (https://web.archive.org/web/20130
625154602/http://afp.google.com/article/
ALeqM5ieuiE7xuM6kJ2jeN31JqkwQ57Qv
Q) . September 20, 2007. Archived from
the original (http://afp.google.com/article/
ALeqM5ieuiE7xuM6kJ2jeN31JqkwQ57Qv
Q) on June 25, 2013. Retrieved
September 14, 2013.
12. "Jollibee to acquire entire stake in China-
based restaurant" (http://www.gmanetwor
k.com/news/money/companies/116103/jo
llibee-to-acquire-entire-stake-in-china-base
d-restaurant/story/) . GMA News. August
26, 2008. Retrieved September 14, 2013.
13. "Jollibee owner ventures into property
dev't" (http://business.inquirer.net/78816/j
ollibee-owner-ventures-into-property-devt) .
Philippine Daily Inquirer. August 27, 2012.
Retrieved September 12, 2017.
14. Venzon, Cliff (August 22, 2018). "How
Jollibee's founder is building a fast-food
empire" (https://asia.nikkei.com/Spotlight/
The-Big-Story/How-Jollibee-s-founder-is-bu
ilding-a-fast-food-empire) . Nikkei Asia.
Retrieved July 3, 2022.
15. Flores, Wilson Lee (October 27, 2019).
"Jollibee CEO courted future wife with 88
letters in 8 years while dreaming big" (http
s://www.philstar.com/lifestyle/sunday-life/
2019/10/27/1963548/jollibee-ceo-courted-
future-wife-88-letters-8-years-while-dreami
ng-big) . The Philippine Star. Retrieved
July 3, 2022.
16. Food industry giant founder is Philippines'
first Entrepreneur Of The Year (http://www.
ey.com/GLOBAL/content.nsf/Philippines/E
ntrepreneur_Of_The_Year_Award)
Archived (https://web.archive.org/web/200
70220101222/http://www.ey.com/GLOBA
L/content.nsf/Philippines/Entrepreneur_Of_
The_Year_Award) February 20, 2007, at
the Wayback Machine
 17. Pata, Danny (February 15, 2018). "UST
confers honoris business degree to
Jollibee founder" (https://www.gmanetwor
k.com/news/money/photo/247832/ust-co
nfers-honoris-business-degree-to-jollibee-f
ounder/photo/) . GMA News. Retrieved
November 21, 2019.

Portals:  Philippines
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