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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
Filipino billionaire and businessman
Edgar "Injap" Jaruda Sia II (born 9 January 1977) is a Filipino businessman. He is the chairman of DoubleDragon Properties (a joint business venture with Tony Tan Caktiong ), and the founder of the Mang Inasal fast food restaurant chain.[2]
In 2011, Sia became the youngest billionaire in the Philippines at the age of 34 after selling his 70% stake in Mang Inasal to Jollibee .[3] [4] [5] As of September 2021, his net worth was estimated at US$675 million.[2]
Early life
[ edit ]
Sia was born in Iloilo City in 1977 and grew up in Roxas City , the eldest of three siblings having parents from both Capiz and Iloilo.[6] He was nicknamed "Injap", a portmanteau of "Intsik " (the Filipino /Tagalog term for Chinese ) and "Japanese"; as his father, Edgar Sr., is a Chinese Filipino , while his mother, the former Pacita Jaruda, is a Japanese Filipina (Japanese surname Haruda, 春田).[7] [8]
Sia had planned to become an architect, but dropped out of the University of San Agustin to start a business.[5] [2]
Career
[ edit ]
Sia co-founded the barbecue chain Mang Inasal in Iloilo City in 2003.[5] [2] In seven years, Mang Inasal grew to 338 branches nationwide, before being acquired by Jollibee in 2010.[6]
Mang Inasal at Bulacan
In 2009, Sia founded Injap Land Corporation (now DoubleDragon Properties Corporation ), developer of CityMall chain of malls .[6]
In 2014, DoubleDragon Properties became a public company.[2] DoubleDragon has been developing commercial and residential properties and reportedly plans to build 100 malls by 2020.[2]
In August 2016, the company announced it was acquiring a majority stake in Hotel of Asia, Inc.[2]
Personal life
[ edit ]
Edgar Sia is married to Shella Sia, and they have three children Edgar Sia III, John Henry Sia and Elisa Stephanie Sia.[9] They live in Manila, Philippines but still maintain homes in Capiz and Iloilo.[2]
References
[ edit ]
^ Phyliss Fang Savage (22 June 2011). "Edgar Sia's Fast-Food Cashout" . Forbes.com . Retrieved 12 September 2017 .
^ Josiah Go (29 August 2016). "Edgar Sia II is Youngest Filipino Billionaire by Josiah Go | The Marketing Mentor" . Josiahgo.com. Retrieved 21 May 2017 .
^ a b c "How a college dropout became a billionaire" . Rappler.com. 18 July 2012. Retrieved 21 May 2017 .
^ a b c "Apea / Philippines / Edgar Injap Sia Ii — Enterprise Asia" . Enterpriseasia.org. Retrieved 21 May 2017 .
^ "Success Story of Injap Sia: Youngest Billionaire in PH" . Philippine Primer. 17 July 2017. Retrieved 12 September 2017 .
^ "Edgar "Injap" Sia II: Wealth, Business Empire, and Life Outside Work" . Esquire Philippines (EsquireMag.ph) . 1 February 2024. Retrieved 27 April 2024 .
^ Ichimura, Anri (25 November 2020). "Injap Sia: 10 Little Known Facts About the Self-Made Billionaire" . Esquiremag.ph . Retrieved 25 October 2021 .
R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Edgar_Sia&oldid=1221967741 "
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