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Filipino billionaire and businessman From Wikipedia, the free encyclopedia
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]
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.[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]
Sia 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]
Edgar 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]
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