Jollibee is also the country's largest fast food network and owns the brands Chowking, Greenwich, Red Ribbon, Mang Inasal and the local Burger King franchise. In 2004, Tan Caktiong was named "World Entrepreneur of the Year" by London-based professional services firm Ernst & Young. Tan Caktiong, who graduated from UST in 1975, was ranked the eighth richest man in the Philippines by Forbes Magazine in 2017.