Filipino Fastfood Chain Jollibee Founder 10th Philippine Richest

Wow! Jollibee's founder made it to Philippines richest.
The founder, chairman and CEO of the Filipino fast food chain Jollibee.

Tony Tan Caktiong & family
Net Worth: $2 Billion
As of August 2014

Age 61
Source Of Wealth: Fast food, Self Made
Residence: Manila, Philippines
Citizenship: Philippines
Marital Status: Married
Children 3

Prospered from selling American-style burgers in the Philippines. His Jollibee Foods is nation's largest fast-food joint, with more than 750 restaurants. In addition to namesake chain, also has Chowking (Chinese food) and Greenwich Pizza & Pasta. Started with 2 ice cream parlors he opened in 1975.

Source: Forbes

Tan founded the fast food chain Jollibee in 1978, after having started it as an ice cream parlor in 1975. Through expansion and acquisitions of Greenwich Pizza Corp. which enabled it to enter the pizza-pasta segment. In early 2006, Jollibee Foods Corp. 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'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.

Source: Wikipedia

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