Saturday, 14 March 2015

Tan Sri Dato' Seri Vincent Tan Chee Yioun

Tan Sri Dato' Seri Vincent Tan Chee Yioun

Biodate:

Name: Tan Sri Dato' Seri Vincent Tan Chee Yioun
Age: 63
Born: February 1952, Batu Pahat, Johor, Malaysia
Position: Chairman of Berjaya Group, Owner of Cardiff City Football Club and Owner of FK Sarajevo


Reason I choose Tan Sri Dato' Seri Vincent Tan Chee Yioun

Apart from Tan Sri Robert Kuok Hock Nien, Tan Sri Dato' Seri Vincent Tan Chee Yioun is another legendary entrepreneur in Malaysia. He is also the self-made entrepreneur who run the Berjaya Group. To many people his story is amazing because he is able to change from nobody to a billionaire and the start-up is by selling burger. His story is always motivate the young generation and his successful in business had bring a lot of impact to the economic of Malaysia. So, in my opinion, he is also a good learning model to many people. Every empire is start from a small change.


Background of Tan Sri Dato' Seri Vincent Tan Chee Yioun

Tan Sri Dato' Seri Vincent Tan Chee Yioun born in 1952 from Batu Pahat, Johor. According to an interview of Forbes with Tan Sri Dato' Seri Vincent Tan Chee Yioun, he said that he is start from a poor family. Since graduate from the secondary school, Tan Sri Dato' Seri Vincent Tan Chee Yioun is planning to further his study in law at oversea. However, at that moment, his plan was fail due to his father facing problem in business. 

Sooner, Tan Sri Dato' Seri Vincent Tan Chee Yioun is working as a clerk in a bank to help his family. At the same time, he also become an agent of insurance. Tan Sri Dato' Seri Vincent Tan Chee Yioun is able to promote to Senior Sales Manager due to his ability just in 4 years. What amaze was at that time Tan Sri Dato' Seri Vincent Tan Chee Yioun is just 23 years old. In 1980s, he is the one who brought in the McDonald's franchise business into Malaysia. This action had brought him a great wealth which allow him to start expand his business and built his business empire. Now, Tan Sri Dato' Seri Vincent Tan Chee Yioun is the Chairman of Berjaya Group, Owner of Cardiff City Football Club and Owner of FK Sarajevo.





How Tan Sri Dato' Seri Vincent Tan Chee Yioun Develop Business and 
the Business Development

In 1973, Tan Sri Dato' Seri Vincent Tan is working as the agent in the American International Assurance Company and at that moment he just 21 years old. Due to his family problem, Tan Sri Dato' Seri Vincent Tan is actually start working as a clerk in the bank. Few years later, he started his part-time of insurance agent.

However, the turning point is  when he saw a magazine's article which entitle "Hamburger Kingdom". This article is telling about the story of the McDonald, the US fast food chain. Sooner, Tan Sri Dato' Seri Vincent Tan planning to bring this product, McDonald to Malaysia. However, things do not go so easy, the McDonald headquarters had rejected his apply letter. In December of 1980, Tan Sri Dato' Seri Vincent Tan successfully grab the opportunity as the master franchise in McDonald. At that time, he hold 51% of stake and the first McDonald shop is open at Jalan Bintang, Kuala Lumpur.

The succession of McDonald do not satisfy Tan Sri Dato' Seri Vincent Tan but he continue to expand his business. In 1982, Tan Sri Dato' Seri Vincent Tan successfully buy a company name as Berjaya-Kawat with holding 37.8% of stake. And at that time he change to company name from Berjaya Kawat to Berjaya Group. In 1985, Tan Sri Dato' Seri Vincent Tan bought Sports Toto and obtained the license for his lottery business from a non-tendered privatization.

After forming the Berjaya Group, Tan Sri Dato' Seri Vincent Tan start his massive business plan which consist of Starbucks and 7-11 store. Until now, 7-11 store is able to expand nearest 2000 shops in whole Malaysia. After the economic crisis in 2008, Tan Sri Dato' Seri Vincent Tan had buy the social networking site Friendster and sold to Facebook in 2010. This allow Tan Sri Dato' Seri Vincent Tan increase his property to $500 million. Currently, the Berjay Group is involved in diverse business such as consumer marketing, multi-level direct selling, and other different form of business.

Besides, another well known story of Tan Sri Dato' Seri Vincent Tan is he became the owner of Cardiff City Football Club after a consortium of Malaysian investor bought 30% of the club's shares in May, 2010. Until now, Tan Sri Dato' Seri Vincent Tan is stated had real time net worth of $1.15 billion by Forbes and was the second richest person in Malaysia after Tan Sri Robert Kuok.


Sources from:
http://www.chenggongxue-master.info/2012/08/tan-sri-dato-seri-vincent-tan-chee.html
http://success-ent.blogspot.com/2011/11/berjaya-corporation-berhad-10.html
http://www.forbes.com/sites/tatianaserafin/2012/09/19/malaysian-billionaire-vincent-tan-on-philanthropy/  
http://www.bloomberg.com/research/stocks/people/person.asp?personId=8374029&ticker=BST:MK

4 comments:

  1. The Chinese Malaysian tycoon Robert Kuok made his money in sugar, palm oil, shipping and property. And he did share his point of view on how to make money during Kuok Group’s 60th Anniversary called “Robert Kuok Hock Nien notes on the past sixty years”, read it at:
    http://kidbuxblog.com/robert-kuok-hock-nien-notes-on-the-past-sixty-years/

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