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Billionaires You’Ve Never Heard of #15
How Tony Tan Caktiong Scaled Jollibee to 5800 restaurants
Tony Tan Caktiong is the Filipino founder and chairman of Jollibee Foods Corporation.
Jollibee Foods is the owner of the fast-food chains Jollibee, Chowking, Greenwich Pizza, Red Ribbon, and Mang Inasal among others.
Tony started when he was 22 with an ice-cream parlor. He subsequently scaled his company to make it the largest fast-food corporation in Asia.
Jollibee Foods Corp. operates more than 5 800 venues in the world, and owns more than 50% of market shares in their primary market, the Philippines.
Tony Tan Caktiong’s net worth amounts to $2.1 billion as these lines are written.
This is how he did it.
Beginnings
Tony was born in 1973 to Chinese immigrants in the Philippines. The Chinese Filipinos are one of the largest communities of immigrants in Asia. He was the third of seven kids.
When Tony was in high school, his dad worked as a cook in a Buddhist temple. Soon after, he opened a restaurant.
The kids helped in the kitchen and did the service, which enabled the family to make some money and send Tony to study mechanical engineering in one of…
