Tony Tan Caktiong & family (2024)

FAQs

What is the family background of Tony Tan Caktiong? ›

Tan Caktiong was born on January 5, 1953 in the then-undivided province of Davao (in now Davao del Sur) 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 restaurant in Davao City.

Jollibee Foods Corporation (abbreviated as JFC and Jollibee Group; also known as Jollibee after its primary fast food brand) is a Filipino multinational company based in Pasig, Metro Manila, Philippines. JFC is the owner of the fast food brand Jollibee.

Tony Tan Caktiong is the founder and chairman of Jollibee Food, one of the world's fastest-growing Asian restaurant chains. Jollibee operates eateries in the Philippines and overseas, from Singapore to the U.K. to the U.S.

Jollibee Foods—controlled by billionaire Tony Tan Caktiong and his family—is targeting to triple its net profit within the next five years as the Philippines' largest fast food chain steps up its global expansion binge.

Tony Tan Caktiong founded Jollibee Foods Corporation in 1978. It started as an ice cream parlor in 1975, but he later added dishes such as hamburgers, french fries, and fried chicken. In 2006, Jollibee Foods Corporation acquired Greenwich Pizza Corp. Today, the company has over 1,480 stores worldwide.

Market cap: $4.20 Billion

As of June 2024 Jollibee has a market cap of $4.20 Billion. This makes Jollibee the world's 2905th most valuable company by market cap according to our data.

1.1 billion USD (2024)

Tony Tan Caktiong / Net worth

Caktiong to pursue a degree in chemical engineering in Manila. At the age of 22, inspired by a visit to an ice cream plant, he set out to gain his own foothold in the restaurant business: relying on family savings, he seized a franchising opportunity with Magnolia Dairy Ice Cream and opened two ice cream parlors.

The Jollibee name was introduced in 1978, first as Jolibe; it was changed to the current spelling so that it could be more easily associated with the words “jolly” and “bee” – and so that, thanks to the non-standard spelling, it could be easily trademarked.

Jollibee has 1,150 locations and does about $1.6 billion in annual revenue. Meanwhile, McDonald's in the Philippines has just 650 locations and $845 million in revenue. And more! And with the Filipino market on lock, Jollibee Foods Corporation (JFC) has recently set its eyes on the United States.

What burger chain did Jollibee buy? ›

Jollibee Foods Corp. has agreed to acquire an additional 45 percent of Smashburger for $100 million, the companies said Tuesday.

Answer: Tony Tan Caktiong is a Filipino citizen. He was born in Davao Del Sur by Chinese immigrants from Fujian China.

Jollibee's phenomenal growth owes much to its strict and committed adherence to high standards as symbolized by “F.S.C.”: Food (F) served to the public must meet the company's excellence standards or it will not be served at all; the Service (S) must be fast and courteous; Cleanliness (C), from kitchen to utensils, ...

Maintaining their stronghold on the pinnacle, the Sy siblings, inheritors of the legacy crafted by the late Henry Sy Sr., persist as the foremost figures on the list. They augmented their net worth by a substantial $1.8 billion, reaching an impressive $14.4 billion.

Jollibee is a Filipino chain of fast food restaurants owned by Jollibee Foods Corporation (JFC).

Tony Tan Caktiong is the founder and chairman of Jollibee Food, one of the world's fastest-growing Asian restaurant chains. Jollibee operates nearly 3,300 food outlets in the Philippines and more than 3,400 stores overseas.

Other appointments. From 1980 to 1981, Tan served as Vice-Chancellor of the National University of Singapore. Tan was subsequently ex officio appointed Chancellor of the National University of Singapore and the Nanyang Technological University when he was elected as the president of Singapore in 2017.

The Key To Being Financially Free is Not in Employment, but in Business. Although Tony's course was BS Chemical Engineering, he did not continue his course. He did not continue to be an engineer to become an employee. He started his own business where he was happy and free.

He completed his formal training as a chef in Australia and in France at La Varenne. Since then Tony has become a prominent figure in Australian culinary circles, first on the Sydney scene and more recently in Melbourne. In Sydney, he ran his own highly successful restaurant, Tatler's Café.

Which is bigger McDonald's or Jollibee? ›

Jollibee has more than 1,000 outlets in the Philippines, compared to McDonald's 600 outlets. So... will it be Chicken Joy or McDonald's Chicken.

Net profit climbed 16% to 8.8 billion pesos ($159 million) in 2023, bolstered by robust sales across its global store network, which increased 6.3% to 6,885 outlets, the company said in a statement on Tuesday. Jollibee will spend as much as 23 billion pesos this year to add between 700 and 750 new outlets, it added.

Personal life. Tan's paternal grandfather was Tan Cheng Siong, the former general manager of the Overseas Chinese Bank, one of three precursor banks to OCBC Bank. His uncle was former Chairman of OCBC Bank, Tan Chin Tuan.

Our Jollibee Group was founded in 1975 by Dr. Tony Tan Caktiong.

Tony Tan Caktong – Jollibee Tony Tan Caktiong used to operate an ice cream parlor, before converting it into a fast food restaurant called Jollibee. With a starting capital of P350,000, the young Caktiong opened two branches in Cubao and Quiapo, together with friends who supported his idea.