Jimmy John Liautaud is the chairman and also the founder of Jimmy John’s sandwich chain. He also owns the majority shares in this company. He has been able to steer his restaurant business to generating very high profits. His ability to identify a business opportunity has helped him increase his wealth. Here is a quick summary of Jimmy John Liautaud’s net worth in 2019, career and earnings.
Jimmy John got conceived in the year 1964 on January 12th. His birthplace was in Illinois. His father is James Liautaud. His father was a renowned entrepreneur. His mother’s name is Gina Liautaud. He has two brothers, and one sister. His brothers’ names are Greg and Robby while his sister is Lara Liautaud Berry. He was the third born. He did study in Elgin Academy, which was a private school that was located in Elgin, Illinois. When he was in high school, they were very good friends with James Lyons. James was the dean of the school. He completed his high school education, and after graduating, he joined Eastern Illinois University. After studying for a while, he left to his restaurant ambitions. Jimmy John is currently married to Leslie Liautaud. His wife is a professional dancer, playwright, choreographer and an actress that has been able to feature in several films. Together they have three children. The children are Spencer, Lucy, and Fred.
After he completed his studies in the year 1982, his father did loan him $25,000. This loan was provided with a condition. Incas the business that he was starting ever failed, he was going to join the army. His father would own a 48% shares in the restaurant enterprise. His idea was initially to start a hot dog stand. After making several visits, he noticed the money was insufficient. He decided to start a sandwich company.
He would be able to get meat from the local area and bake bread. His family helped him to taste various sandwiches that he wanted his shop to be selling. In the year 1983, Jimmy John he opened his debut shop that was known as Jimmy John’s Gourmet Sandwiches. His shop was located in unsuitable place, and hence he came up with the idea to help boost his sales. He would move from house to house selling the sandwiches, and his profits margins continued to grow. From here, his business improved, and he did setup various branches.
Awards and Achievements
Jimmy John has been able to receive various awards for his success as an entrepreneur. Among the awards that he has won include the Ernst & Young Food & Beverage Entrepreneur of the year. This winner is chosen by an independent panel. He won this award in the year 2004. In the year 2013, he got to be listed Chicago’s ’40 Under 40′ by Crain’s Chicago Business. His restaurant did receive ‘Nation’s Restaurant News Golden Chain Award’ in the year 2012. In 2017 March, he got named Franchise Times ‘Dealmaker of the Year’.
Net worth of Jimmy John Liautaud
Jimmy John has a net worth of $450 million. The various businesses have generated this wealth that he has invested heavily. The restaurant business has been the major contributor to this wealth. He has invested heavily in wine and vineyards. His vineyards have been able to do so well to get featured even in Wine Spectator magazine. This generates the very good amount of money that has helped to grow his net worth.
Jimmy John has been able to achieve success in various businesses that he has founded. One amazing thing about Jimmy John is his philanthropy spirit. He has donated funds to various charities. In the year 2008, he did give a total of $1 million to Elgin Academy. He believes success is much better when shared.