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.[1]
Edgar Sia | |
|---|---|
 | |
| Born | Edgar "Injap" Jaruda Sia II 9 January 1977 Iloilo City, Philippines |
| Education | University of San Agustin |
| Occupation | Property developer |
| Known for | Founder of Mang Inasal |
| Spouse | Shella Sia |
| Children | 3 |
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.[2][3][4] As of September 2021, his net worth was estimated at US$675 million.[1]
Early life
editSia 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.[5] 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).[6][7]
Sia had planned to become an architect, but dropped out of the University of San Agustin to start a business.[4][1]
Career
editSia co-founded the barbecue chain Mang Inasal in Iloilo City in 2003.[4][1] In seven years, Mang Inasal grew to 338 branches nationwide, before being acquired by Jollibee in 2010.[5]
In 2009, Sia founded Injap Land Corporation (now DoubleDragon Properties Corporation), developer of CityMall chain of malls.[5]
In 2014, DoubleDragon Properties became a public company.[1] DoubleDragon has been developing commercial and residential properties and reportedly plans to build 100 malls by 2020.[1]
In August 2016, the company announced it was acquiring a majority stake in Hotel of Asia, Inc.[1]
Personal life
editEdgar Sia is married to Shella Sia, and they have three children Edgar Sia III, John Henry Sia and Elisa Stephanie Sia.[8] They live in Manila, Philippines but still maintain homes in Capiz and Iloilo.[1]
References
edit- ^ a b c d e f g h "Forbes profile: Edgar Sia". Forbes.com. Retrieved 26 October 2021.
- ^ 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.