Edgar Sia
Born
Edgar "Injap" Jaruda Sia II

(1977-01-09) January 9, 1977
Iloilo City, Philippines
EducationUniversity of San Agustin
OccupationProperty developer
Known forFounder of Mang Inasal
Chairman, CEO, and Director of Double Dragon Philippines, Inc.[1]
SpouseShella Sia
Children3

Edgar "Injap" Jaruda Sia II (born January 9, 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.[2]

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.[3][4][5] As of September 2021, his net worth was estimated at US$675 million.[2]

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/Tagalog term for Chinese) and "Japanese"; as his father, Edgar Sr., is half Chinese, while his mother, the former Pacita Jaruda, is half Japanese (Japanese surname Haruda, 春田).[7]

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

Mang Inasal at Bulacan

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

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.[2]

References

  1. ↑ "Edgar Sia". Double Dragon Philippines, Inc. webpage. Retrieved 15 June 2018.
  2. 1 2 3 4 5 6 7 8 "Forbes profile: Edgar Sia". Forbes.com. Retrieved 26 October 2021.
  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. 1 2 3 "How a college dropout became a billionaire". Rappler.com. 18 July 2012. Retrieved 21 May 2017.
  6. 1 2 3 "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.
  8. ↑ Ichimura, Anri (25 November 2020). "Injap Sia: 10 Little Known Facts About the Self-Made Billionaire". Esquiremag.ph. Retrieved 25 October 2021.
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