Edgar Sia

Edgar "Injap" Jaruda Sia II (born 1977) is a Filipino businessman. Sia is the chairman of DoubleDragon Properties (and co-owner with billionaire Tony Tan Caktiong), and the founder of the Mang Inasal fast food restaurant chain.[2]

Edgar Sia
Born1977 (age 43–44)
NationalityFilipino
EducationUniversity of San Agustin (dropped out)
OccupationProperty developer
Known forChairman, CEO, and Director of Double Dragon Philippines, Inc.[1]
Net worthUS$400 million (September 2019)[2]
Spouse(s)married
Children2

In 2011, Sia become the youngest billionaire in the Philippines at the age of 34 after selling his 70% stake in Mang Inasal to Jollibee. [3][4][5]

Early life

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 pejorative for a Chinese person) and "Japanese"; as his father, Edgar Sr., is half Chinese, while his mother, the former Pacita Jaruda, is half Japanese.[7]

Sia had planned to become an architect, but dropped out of the University of San Agustin to start a business career.[5][2]

Career

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]

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

Sia is married with two children and lives in the Philippines.[2]

References
  1. "Edgar Sia". Double Dragon Philippines, Inc. webpage. Retrieved 15 June 2018.
  2. "Forbes profile: Edgar Sia". Forbes.com. Retrieved 21 December 2019.
  3. Phyliss Fang Savage (22 June 2011). "Edgar Sia's Fast-Food Cashout". Forbes.com. Retrieved 12 September 2017.
  4. Josiah Go (29 August 2016). "Edgar Sia II is Youngest Filipino Billionaire by Josiah Go | The Marketing Mentor". Josiahgo.com. Retrieved 21 May 2017.
  5. "How a college dropout became a billionaire". Rappler.com. 18 July 2012. Retrieved 21 May 2017.
  6. "Apea / Philippines / Edgar Injap Sia Ii — Enterprise Asia". Enterpriseasia.org. Retrieved 21 May 2017.
  7. "Success Story of Injap Sia: Youngest Billionaire in PH". Philippine Primer. 17 July 2017. Retrieved 12 September 2017.
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