March 07, 2017

Success Story: Tony Tan Caktiong of Jollibee Group

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    Known to be the man behind the country’s famous bee, Tony Tan Caktiong is another rags-to-riches story – from owning a small ice cream franchise, to heading some of the Philippines’ most famous food chains.

    Image grabbed from bilyonaryo.com

    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. His family helped each other out, establishing a restaurant business in Davao which enabled young Tony to study Civil Engineering in the University of Santo Tomas.

    When he was 22, Caktiong decided to shell out P350,000 in an ice cream parlor franchise. He opened Cubao Ice Cream House and Quiapo Ice Cream House. As their business becomes more and more successful, they started to hire more people to help them manage it. Two years later, he decided to serve hamburgers, fried chicken, and spaghetti as people began to tell him that they don’t want to eat ice cream all the time. It was then that they decided to rebrand and change their name to “Jollibee” as it represents them as a company, and the people that they cater to – hardworking and happy.

    McDonald’s came into the picture not many years later, but they failed to take over Jollibee’s popularity as, according to Caktiong, they don’t know the local food culture. Filipinos have a sweet taste on food, so Jollibee decided to serve spaghetti with a sweeter flavour. Filipinos like to smell everything they eat, which is the reason behind the “Langhap Sarap” tagline they have been using for a while now.

    As years go by, the Jollibee group grew bigger. Caktiong partnered up and established a couple other food chains including Chowking, Red Ribbon, Greenwich, and Delifrance. Aside from bringing Jollibee, Chowking, and Red Ribbon to other countries, they’ve also established new food chains in China and Taiwan which suit the tastes of the people there.

    As of 2016, Tony Tan Caktiong ranked 6th in Forbes’ Philippines’ 50 Richest. He was also awarded the Entrepreneur of the Year and the Ernst and Young Entrepreneur of the Year in 2004.

     

    Sources: Millionaire Reacts, Forbes

     

     

                 
               
               
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    KULANG PA OY 3 TO 5 PAGES DAPAT SAMOK! DUGANGI PLEASE MA BAGSAK MAN KAHA KO ANI.

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    ★★★★★
    6 months ago

    Saludo phoe

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    I know he studied chemical engineering not civil engineering.

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    ADD NYOKOOO JUSTIN SABAREZ LOYAL AKOOO WHAHAHAHA

    ★★★★★
    7 months ago

    Grabe online class. Nakapagod mag search ng mayayaman na tao sa Pilipinas.Hai nga pala sa mga classmate ko BSTM 1-C3 kung maiicounter nyo to. Nakakapagod noooo.

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    8 months ago

    such an inspiring story! 🙂 sarap ng jollibee

    ★★★★★
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    Very helpful and inspiring

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    9 months ago

    A good Entrepreneur indeed! Sanaol ganyan mindset. Sobrang successful. *clap clap clap*

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    What type of entrepreneur is he?

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    10 months ago

    Giatay unta di ko masakpan ni maam ga copy paste rako sakong module yawaaaa huhu

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    10 months ago

    Salamat na lang sa lahat. Asawa ko si Felip Jhon Suson walang aagaw. 🙂

    ★★★★★
    10 months ago

    Hirap ng module Bat walang ethic background nya

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    10 months ago

    Ano po ethnic background nya?
    Life style?
    Social class?
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    Anonymous
    10 months ago

    Hindi ko parin alam entrepreneurial spirit niya huhuhuh ambobo ko talaga

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    10 months ago

    Ano ba kasi common traits nina socorro ramos at tony tan caktiong

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    pabili

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    SANAOL HINDUTAN SA JOWA

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    sana ol na lang

    ★★★★★
    10 months ago

    galing naman pala nyan… pero bat ang onte ng fries nyo jb mahal mahal pa naman :>

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    Thank you, It help me a lot ♥️

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    I wonder how many Jollibee in this year

    ★★★★★
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    Stan Day6

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    Thanks for the information ☺️

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    thank,such a big help.

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    one year ago

    He studied CHEMICAL ENGINEERING at the University of Santo Tomas, not Civil engineering

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    Finally my homework is done!

    ★★★★★
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    Hindutan

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    he said it himself, it’s chemical engineering, not civil engineering.

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    Thank you

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    Tae

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    Oyoy

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    Sana all jinojowa

    ★★★★★
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    di ka love ng mama mo

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    My homework is done now

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    very helpful and i have a proj and it helps me understand the life of Tony Tan Caktiong.

    ★★★★★
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    yes

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    sana all may jowa

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    He is inspiring. What a brilliant mind he has!

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    NAYS

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    it really helped me with my homework too!!

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    What do you think about this article?
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