He attended high school at Chiang Kai Shek College and graduated from the University of Santo Tomas with a degree in chemical engineering. With partner Tony Tan Caktiong, Edgar Sia II owns a stake in DoubleDragon Properties, the rapidly growing real estate developer they took public in 2014. Tony was the third of seven siblings born to poor parents who migrated from the Fujian province in China to look for a better life here in the Philippines. Tan has a degree in chemical engineering from the University of Santo Tomas. As the company expanded number of branches also able to acquire other fast food chain company such as Chowking, Greenwich, Delifrance, Red Ribbon and Mang Inasal. Tony hold on to that dream and work hard for it. He is also an independent director of First Gen Corp. Tan also top billed the World Intellectual Property Organization video documentaries. Tony Tan Caktiong is the Founder of Jollibee, one of the biggest fast food chains of Philippines. One day tony and his friend when to the plant went to the plant of Magnolia Ice Cream for a visit, young tony got interested into a poster advertising to franchise an ice cream house for only 17,500 pesos per branch. Believing in the beauty of your dreams should be incorporated with perseverance and hard work, holding on to it in times of trials and difficulties and giving whatever it takes to make your dream come true. MANILA – Jollibee founder Tony Tan Caktiong travels the world "to eat" in search for acquisitions, his CEO successor said, as the Philippines' largest fast food operator moves to be ranked alongside McDonald's and KFC on the world stage. Ang mga outlet ng Magnolia na pinatatakbo ng pamilya ni Tan ay nagsimulang mag-aalok ng mga hotmeal at sandwich nang mapansin nilang patok ito sa mga tao. Due to his father’s talent in cooking he was able to acquire an offer to manage a restaurant in Davao. He acquired the Greenwich Pizza Corp, entering the pizza and pasta food market. The early 1940s were dominated by World War II. An kag-anak ni Tony in pobre la nga pamilya tikang sa China nga nagbalhin didi sa Pilipinas. Tan was born to Chinese immigrant parents from Fujian. It is not a matter of how big your dreams are, how dedicated you are in doing actions on making that dream come true. Success Story: Tony Tan Caktiong of Jollibee Group. Today, it is one of the leading fast food chains and dominates 50% of the food market. Tony and his family took a big step into staking their savings in open up a food chain that makes them the leading food chain company of today. Tony believes that making mistake is also an opportunity in learning for improvement. Feb 14, 2016. Jollibee continue to prosper over the years, as of now, Jollibee has a market value of 25 million pesos as a franchise fee. Every mistake has a random effect. “If you dream big and put your dreams into action you will indefinitely make mistakes. About Tony Tan Caktiong Tony Tan Caktiong has an estimated net worth of $3.7 billion. Tan was involved in the family restaurant business from an early age. In 1975, he opened an ice cream parlor in a … Tony is born on January 5, 1953 in Fujian, province of China. Tan started his career with a small ice cream parlour, ‘Jollibee’ at the age of 22. He did his high school from Chiang Kai Shek College. It can make or break whatever you put up in a snap. Not only did Jollibee. His studied at St Patrick's School and St Joseph's Institution in Singapore. Tony Tan Caktiong is currently Co-Chairman of the Board at DoubleDragon Properties. He owns approximately 1500 stores all over the world that include the Red Ribbon, Greenwich, Mang Inasal, Manong Pepe's, Tita Frita Uling Uling, Chowking. Tony Tan Caktiong is jolly with his success, but just like his mascot, he intends to continue being busy. During the times of trial Tony keep an optimistic mind that nothing is impossible and that he can overcome everything. They started selling just flavors of ice cream. Only after 2 years when Tony expanded by serving not only ice cream, they started serving hamburgers and fried chicken. Your email address will not be published. When the food items became more popular than ice cream, the family decided to convert the ice cream parlor into a fast food restaurant which became the first Jollibee outlet in 1978. Son of a chef, Tony Tan Caktiong opened … Alternatives? His father worked for a Chinese temple in binondo as a chef. Tony was only 20 when they opened the ice cream houses which will eventually be the country’s leading fast food chain in the Philippines. Founder and chairman of Jollibee Foods Corporation, Tony Tan Caktiong embodies the quintessential rags-to-riches story. Tony’s mom always do her best without worrying much about the outcome as long as she did her best. Under the leadership of Tan, Jollibee has become the most popular chain of fast food restaurants in the country. Tan founded Jollibee in the year 1978, three years after establishing an ice cream parlor. Tony came up with the word “jolly” in replacement of the word happy so they come up with the word “Jollibee”. Top 5 Fast-Food Restaurant Franchises in the Philippines, How to Start a Rice Retailing Business in the Philippines (Bigasan), How to Start a Piggery Business in the Philippines. He added sandwiches and hot meals to the menu on the popular demand of his customers. Mistakes are inevitable in doing business. Affordable Food Cart Franchises in the Philippines (Below P50,000.00), Top 5 Gas Station Franchises in the Philippines, How to Franchise Dunkin' Donuts in the Philippines, FamilyMart Franchise: Fees, Investment Info and Contact Information. ” Tony Tan Caktiong. He joined the billionaire ranks for the first time in 2011. 1978 when the family formally inaugurated Jollibee in the Philippines. Looking back at his entire journey, Tony is very glad he take chances, he take the risk and work hard for it. Born third of seven siblings, Tony Tan Caktiong was from a poor family in China who immigrated to the Philippines in hope that they may have a better life. As the business progress the family started hiring skilled people such as managers supervisors and service crew, to help them cope up with the operational demand. Tan is board director of Philippine Long Distance Telephone Co. 11-member board. It has been developing commercial and residential properties and reportedly plans to … Tony Tan Caktiong is the founder and chairman of Jollibee Food, the world's fastest-growing Asian restaurant chain. Greenwich was one of the first acquisition made by Tony happened year 1994, Tony kept the original recipe of Greenwich Pizza which retains the taste that suits the local market’s taste preferences. Tony Tan Caktiong Caktiong was the son of a chef in a Buddhist monastery. Tony Tan Caktiong’s Life and his Jollibee company is another rags to riches story of an entrepreneur that truly inspires everyone. 1. Toni took up chemical engineering course. Born into the second generation of a Chinese immigrant family, Tan Caktiong was exposed to hard work and perseverance at an early age. Noong 1975, binuksan ni Tony Tan Caktiong at ng kanyang pamilya ang isang Magnolia Ice Cream parlor sa Cubao, Quezon City na itinalang kauna-unahang outlet ng Jollibee. Tony Tan Caktiong is an entrepreneur and the founder and current Chairman and Chief Executive Officer of the Filipino fast food chain Jollibee. He is the Founder, Chairman, and CEO of the fast-food chain Jollibee which is the Philippines' largest fast-food company. The entire family helped each other in order to make the business progressive. The inspiring story began with Tony Tan Caktiong who, once in his life, belonged to a poor family. Their two ice cream house army named Cubao Ice Cream House and Quiapo Ice Cream House. Not for long, chicken, hamburgers and ice cream are selling very good, lines starts to pile up and success is a continuous matter for them. Chooks to Go: The Company and is it for Franchising? Your email address will not be published. Make your mistakes your building blocks to climb up to the top. He expanded his business by adding dishes such as French fries, fried chicken and hamburgers. He attended senior high school at Chiang Kai Shek University and graduated from the University of Santo Tomas with a level in chemical substance engineering. Tan was born on January 5, 1953 in a family of Chinese immigrants, originally from Fujian. They are also associated “happy” as the Filipino culture portrays happy costumer. Si Tony Tan Caktiong an Chairman san Jollibee Foods Corporation (JFC) tikang pa san 1978 hangtod yana ngan CEO san JFC hangtod san July 2014. They chose a bee because of its association with hard work, and because honey represents the sweet things in life. Following the end of the war, it was the start of the Baby Boomer years and technology advancements such as the jet engine, nuclear fusion, radar, rocket technology and others later became the starting points for Space Exploration and Improved Air Travel. At DoubleDragon Properties, Tony Tan Caktiong has 28 colleagues including Edgar Sia (CEO & Co-Chairman), Gary Cheng (Director)… His father began as a chef in a Chinese Temple. Business was good, but Caktiong wanted more. Tony got the trait of having a positive mindset from her mom. He is very thankful of the support he got from his family who never leave his side in making big steps throughout his career, for not with them, he may have made bad decisions in the past. The family savings to invest their money amounting 350,000 pesos to purchase 2 franchise branch of the ice cream house. After establishing a stronghold in some … Tony Tan Caktiong is the founder and chairman of Jollibee Food, one of the world's fastest-growing Asian restaurant chains. His family helped each other out, establishing a restaurant business in Davao which enabled young Tony to study Civil Engineering in the University of … Edgar Sia was born on 1977 in Philippines, Philippines. Jollibee founder Tony Tan Caktiong, is another of those Chinese immigrant family who went to the Philippines in hope for a better future. Angel's Hamburger Franchise: Is It Still Open? Net worth: US$17.8 billion. Taken the number one spot in the fast food chain industry in the Philippines but also started to domain branches all over the world. His father worked for a Chinese temple in binondo as a chef. The concept of serving Filipino comfort foods for the consumer is one of the key strengths that they have. He bought out the shares of his partner, Greenwich for a cash amount of P384 million. Recognize your mistake you can learn from it, recover as fast as you can. In 1975, Tony Tan Caktiong and his family opened a Magnolia ice cream parlor in Cubao, Quezon City. The outlet later began offering hot meals and sandwiches upon request from customers. Tan won the prestigious Entrepreneur of the Year and the Ernst and Young Entrepreneur of the Year World Awards in 2004. How to Start an Isaw and Barbecue Business, Aice Ice Cream Franchise: Details on How You Can Start, The Top 10 Corporations in the Philippines (For Job Hunting), Top Multinational Companies In the Philippines. Tan bought the franchise of the Magnolia Dairy Ice Cream and opened a couple of ice cream parlours. Tony Tan Caktiong, founder, president and CEO of Jollibee Foods Corporation (Photo: WIPO/Arrou-Vignod) Realizing that he needed a brand name and logo for his new business, Mr. Caktiong and his family decided on using a smiling red bee. His father used to operate a kitchen in Fujian,China, which was where Tony’s association with the food services business began. Tony Tan Caktiong is a Philippine businessperson who founded Jollibee Foods Corp. and Jollibee Foods Corp. (USA) and who has been the head of 25 different companies. They quickly change chicken grilled chicken to crispy fried chicken to overcome the challenges. It was 1975 when he began his business. If he would have given in during those time and sell out his company, we wouldn’t have Jollibee today. He studied chemical engineering at the University of Santo Tomas in Manila and took an executive course at the Asian Institute of Management. When McDonalds came into the picture, most of Tony’s friends are advising them to sell out Jollibee as he may not be able to make it amidst the globally renowned competition. Tony Tan Caktiong was a Filipino Chinese entrepreneur who set up a two-outlet ice cream parlor business in the city of Manila. Jollibee’s one of the most notable mistake made by Tony is when they thought roasted chicken will sell more for the Filipino consumer rather than their crispy fried chicken. He dream big, he work hard and materialize his dream thru actions that make him the owner of the country’s largest fast food chain in the country. Tony’s dream of establishing a globally renowned food chain business may seems impossible during the time when Tony’s only starting up 2 small ice cream house at the age of 22.