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Tony Tan Caktiong has an estimated net worth of $3.7 billion. He is the Founder, Chairman, and CEO of the fast-food chain Jollibee which is the Philippines' largest fast-food company. He joined the billionaire ranks for the first time in 2011. He expanded Jollibee from a single ice cream parlor to network of 7 fast-food brands, with more than 2,300 outlets worldwide. Tony Tan Caktiong is building a new factory in China to supply to its outlets there. He also bought Mang Inasal, a rival fast-food chain, from Edgar Sia II.
He attended high school at Chiang Kai Shek College and graduated from the University of Santo Tomas with a degree in chemical engineering.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2019 |
Asset |
Tony Tan-Caktiong's net investment in the Coffee Bean and Tea Leaf specialty coffee and tea brand based in California |
$100,000,000 |
|
2019 |
Asset |
Purchase value of 100 percent of the Coffee Bean and Tea Leaf specialty coffee and tea brand based in California by Java Ventures LLC, a wholly-owned subsidiary of Jollibee Worldwide as the company's founder and major stockholder |
$350,000,000 |
|
2019 |
Asset |
Estimated value of Tony Tan-Caktiong's 0.76% or 8,254,565 equities in Jollibee Foods Corporation (JFC) Restaurants & Bars |
$45,810,000 |
|
2018 |
Asset |
Purchase value of Tony Tan-Caktiong's 45% stake in the U.S. chain Smashburger |
$100,000,000 |
|
2018 |
Asset |
Purchase value of the Asia Pacific master franchise of Tim Ho Wan which is famous for its barbecue pork buns |
$34,000,000 |
|
2017 |
Asset |
Purchase value of a 70 percent stake in Mang Inasal |
$55,000,000 |
|
2016 |
Asset |
Purchase value of a 100% stake in Mang Inasal |
$95,000,000 |
|
2014 |
Salary |
Total compensation of Caktiong and company as members of the board of Jollibee Foods Corporation for the year 2014 |
$2,090,000 |
|
2013 |
Salary |
Total compensation of Caktiong and company as members of the board of Jollibee Foods Corporation for the year 2013 |
$1,700,000 |
|
2011 |
Bonus |
Monthly bonus and other compensation as the President & CEO of Jollibee Foods Corporation |
$10,210 |
|
2011 |
Salary |
Monthly salary as the President & CEO of Jollibee Foods Corporation |
$17,830 |
|
1975 |
Asset |
Purchase value of an ice cream parlor franchise that was called Cubao Ice Cream House and Quiapo Ice Cream House |
$6,680 |