7. TONY TAN CAKTIONG: $2.7 billion. He is the founder and chairman of Jollibee Foods Corp and co-chairs DoubleDragon Properties. Tan founded Jollibee in 1978, after having started it as an ice cream parlor in 1975. He expanded and acquired Greenwich Pizza Corp. As of August 2008, Tan’s Jollibee has a total of 1,480 stores worldwide including Jollibee, Red Ribbon, Chowking, Greenwich, Manong Pepe’s and Mang Inasal. Tan, through his holding company, Honeystar Holdings Corp, invested in Injap Land Corp, founded by Edgar Sia II, renamed DoubleDragon Properties Corp.
8. ANDREW TAN: $2.6 billion. The Chinese-Filipino billionaire has business interests in real estate, beverage and fast food. He is chairman of industrial conglomerate Alliance Global Group, Inc., chairman and CEO of real estate developer Megaworld Corp., a non-executive chairman of Emperador Inc., and Chairman of property developer Empire East Land Holding Inc. He has various other business interests.
