Steve Ells is the most popular businessman in America. He was the founder, Executive Chairman, and former CEO of Chipotle Mexican Grill. In 1993, Ells started his Chipotle Mexican Grill and served as the CEO of the chain from 1993 to 2009. He was named as one of the best CEO for his contributions to the industry. Ells has served as one of the members of the board of directors for the Lan Institute. To know more about net worth of Steve Ells in 2018, keep reading the following article.
Early Life & Biography:
Steve Ells was born on September 12, 1966, in Indianapolis, Indiana, United States. Ells completed his schooling from Boulder High School and attended the University of Colorado at Boulder where he completed his Bachelor of Arts degree in Art History.
While pursuing his degree, he became the member of the Delta Chi Fraternity. Later, Ells got registered at the Culinary Institute of America in Hyde Park, New York, and completed his graduation in 1990.
Career, Awards & Nominations:
Ells started his career as a sous chef and worked for two years under Jeremiah Tower at Star Restaurant which is located in San Francisco. By borrowing the money from the family and friends, Ells started a Chipotle themed taco store in Denver, Colorado which is near to the University of Denver campus.
From 1993 to 2009, Ells served as the CEO of Chipotle, and later he split the co-CEO duties with Monty Moran. On December 12, 2016, Moran got retired, and Ells returned as the sole CEO. The Chipotle Mexican Grill, Inc was specialized in burritos and tacos.
On November 29, 2017, Ells announced his resignation as the CEO of Chipotle and served on the CEO search committee with other Chipotle board members for appointing a new CEO with turnaround experience. On February 13, 2018, the committee has appointed Brian Niccol as the new CEO of Chipotle Mexican Grill.
In 2007, Steve received the CEO of the Award from the ColoradoBiz magazine. He was named as America’s Most Inspiring CEO by Esquire. Ells received the award at the fifth annual function of Cornell Hospitality Icon & Innovator Awards on June 4, 2013, at Cipriani. Under his direction, he redefined the way of what people think about fast food and got recognized as one of the best CEO for his extraordinary contributions to the industry.
Net Worth & Earnings:
The estimated net worth of Steve Ells is more than $250 million. He made this fortune by serving as the Chairman and Chief Executive Officer of the Chipotle restaurant and also as a Sous Chef at Star Restaurant. He was starred as the part of judge and investor panel team on America’s Next Great Restaurant which is a TV series since 2011.
The New York Times has reported that Ells was paid $25.1 million, which is more than equivalent to Ford, AT & T, and Boeing companies. Because of this incident, the shareholders rejected the plan of increasing the executive wages in May 2014. Ells has more than 1000 locations with restaurants in 38 states and currently employs around 26,500 people.