How could someone turn millionaire just by opening a food chain? Only if, you are Jimmy John Liautaud. An American restauranteur whose entrepreneur skills earned millions of dollars. Jimmy John Liautaud is the founder and chairman of Jimmy John’s Franchise. Besides, he is also an avid fisherman. To know more about the net worth of Jimmy John Liautaud in 2018, read the following article.
Early Life & Biography
Jimmy John Liautaud was born on January 12, 1964, in Illinois to James Liautaud, an entrepreneur, and Gina Gudaityte Liautaud. He has three siblings. Grey Liautaud, Robby Liautaud were elder, and Lara Liautaud Berry was the youngest of all.
Jimmy John attended Elgin Academy in Elgin, Illinois. The dean of the academy, James Lyons mentored him. Eastern Illinois University enrolled him for the graduation program. But John was interested in his restaurant business’s idea which helped him to succeed as an entrepreneur.
Liautaud tied the knot with Lessie Liautaud. She is a dancer, actress, choreographer, and play writer. The dynamic couple has three children, Spencer, Lucy, and Fred. The relationship has lasted for a while, and the couple is residing happily with their children in Illinois.
Career, Awards & Nominations
After completing his high school, John received a loan amount of $25,000 from his father to open his business. His father owns 48% of the company’s shares. John got indulged with his thought process before settling for sandwich chain. The sandwich shop matched the budget. John Liautaud baked bread and purchased quality meat to make sandwiches. The Liautaud family were his food testers.
In 1983, Jimmy John’s sandwich shop opened. The idea of home delivery boosted sandwich sales in eastern Illinois. By the second year, he made a lot of profit which helped him to purchase all the shares of the company from his father. He became sole owner of Jimmy John’s. James Coulter of Pizza Hut helped Jimmy John’s to excel his business. In 2002, the company had opened 200 stores across the country. He sold company’s shares to many people.
The University of Illinois added Jimmy John Liautaud’s name to their Entrepreneurship Hall of Fame. In 2004, he received Ernst & Young Food & Beverage Entrepreneur of the Year. In 2017, Roark Capital Group awarded him with Dealmaker of the year. In 2018, Liautaud received the Horatio Alger Award.
Net Worth & Earnings
As of now, the estimated net worth of Jimmy John Liautaud is around $450 Million. The source of his earning is the restaurant chain. He also owns a couple of wine shops. He is a multi-millionaire who owns a luxurious house, cars, and you name it.
He is also a philanthropist. The Liautaud family foundation has made many donations over the years for charitable causes.
Jimmy John Liautaud is one of his kind. His willpower, patience, and entrepreneur skills helped him to become a self-made millionaire. Let’s hope that he continues his successful trot as an entrepreneur.