How George Yang Got Rich with McDonald’s

George Yang is a Filipino-Chinese entrepreneur who was responsible for the expansion of McDonald’s in Asia as the master-franchisee in the region. He is the founder of Golden Arches Development Corporation and other businesses.

George Yang
George Yang (Credit: dlsaa.com)

Personal Information
Complete Name –> George T. Yang
Birth Date –> September 12, 1939
Nationality –> Philippines

Family
Wife –> Kristin
Children –> Sons Kenneth, Kristopher, Richmond and daughter Karine

Education
College –> De La Salle University
Degree –> Business Administration
Master –> Wharton School, University of Pennsylvania
Degree –> Master in Business Administration (MBA)

Brief Biography

George Yang was the son of a Chinese business couple based in the Philippines. He acquired a degree in business administration from De La Salle University in Manila and his MBA from the Wharton School, University of Pennsylvania, USA. He started working as a marketing manager of a cigarette company and sold insurance as a sideline. Then he taught business courses at his alma mater on a part-time basis.

In late 1970s, George Yang applied to be the franchisee of McDonald’s in the Philippines. To increase his chances of getting the franchise and to be educated on how to run a fast food chain, he travelled to Hong Kong with his son Kenneth to have a hands-on experience by working on a McDonald’s branch there. In 1980, the franchise was granted. The following year, the first branch was opened in the busy university belt of Manila. Soon, it opened a second branch. Today, the McDonald’s franchise has more than 500 branches all over the Philippines.

George Yang has many other restaurant businesses aside from McDonald’s. He has also invested in other unrelated businesses such as the Disney franchise, jewelry, and real estate. He served and/or is serving in the boards of many big corporations such as Alliance Global (a partner company in the McDonald’s franchise), Megaworld, Berjaya, and Philippine Gaming Management Corporation. He also serves as vice-chairman of the company that operates the airport in Boracay, the foremost tourist destination in the Philippines.

George Yang has three sons (Kenneth, Kristopher, and Richmond) and a daughter (Karine), all holding important positions in the sprawling family empire. His wife Kristin is in-charge of the jewelry business.

See also: List of Top Filipino Entrepreneurs and their Stories

References
http://business.inquirer.net/92346/george-yang-im-known-as-the-mcdonalds-guy
http://www.philstar.com/sunday-life/754548/journey-george-yang
http://en.wikipilipinas.org/index.php/George_Yang

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