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| Tony Tan Caktiong |
2010 Rank: no. 6 (-5)
Net worth: $1.0 million
Age: 58
Marital Status: Married,
Children: 3
Restaurant chain magnate Tony Tan Caktiong, founder of Jollibee Foods, country’s largest fast-food company, who owns 1,500 Jollibee stores in the Philippines and abroad joins billionaire ranks for first time. Expanded Jollibee from single ice cream parlor to network of 7 fast-food brands, with 2,300 outlets worldwide. Plans to open 300 new stores this year. Building a new factory in China to supply to its outlets there. Bought Mang Inasal, a rival fast-food chain from Edgar Sia II (No. 40).
Net worth: $1.0 million
Age: 58
Marital Status: Married,
Children: 3
Restaurant chain magnate Tony Tan Caktiong, founder of Jollibee Foods, country’s largest fast-food company, who owns 1,500 Jollibee stores in the Philippines and abroad joins billionaire ranks for first time. Expanded Jollibee from single ice cream parlor to network of 7 fast-food brands, with 2,300 outlets worldwide. Plans to open 300 new stores this year. Building a new factory in China to supply to its outlets there. Bought Mang Inasal, a rival fast-food chain from Edgar Sia II (No. 40).
