Edgar Injap Sia III, a 34 year old Filipino entrepreneur is included in Forbes as the youngest billionaire in a list ranking the 40 richest Filipinos. Sia earned a spot among the Philippines’ wealthiest for the first time this year.
Sia sold 70% of his stake in Mang Inasal to Jolibee Foods Corporation’s Tony Tan Caktiong last year for Php 3 Billion or US$ 68 Million. Forbes.com listed his net worth pegged at US$ 85 Million or about Php 3.6 Billion.
Truly, Mang Inasal is a shining example of successful Filipino entrepreneurship. It is the latest acquisition of fast-food giant JFC, which also holds Chowking, Greenwhich and Red Ribbon.
Sia sold 70% of his stake in Mang Inasal to Jolibee Foods Corporation’s Tony Tan Caktiong last year for Php 3 Billion or US$ 68 Million. Forbes.com listed his net worth pegged at US$ 85 Million or about Php 3.6 Billion.
Truly, Mang Inasal is a shining example of successful Filipino entrepreneurship. It is the latest acquisition of fast-food giant JFC, which also holds Chowking, Greenwhich and Red Ribbon.
