What is Edgar Sia II's Net Worth?
Edgar Sia II is a Filipino businessman who has a net worth of $140 million. The son of a grocer, Edgar Sia II, dropped out of college to establish a fast-food chain Mang Inasal in 2003. Within few years, it has transformed from a local burger chain into a national chain with some 380 outlets. Best known for its charcoal-grilled chicken served with rice and other distinctively Filipino flavors, the barbecue chain turned out to be so successful that it earned Edgar Sia II a place among billionaires. Once he sold the majority of his eight-year-old business Mang Inasal to Tony Tan Caktiong's Jollibee Foods in 2010 for $65 million, Edgar Sia II made his debut as a billionaire.
Still owning 30% of the chain, he went on to unite with Tony Tan Caktiong to establish DoubleDragon Properties, which focuses on commercial and mass housing markets. As for the most recent business ventures, they include a franchise for China's budget hotel chain JinJiang Inns, which is set to open its first hotel in Manila this year. Furthermore, he has a minority stake in the Philippines Bank of Communications, where he is an advisor to the board. Edgar Sia II shares his wealth with his younger brother Ferdinand and his sister Rizza.
