John H. Schnatter aka Papa John is an American pizza mogul The proud founder and CEO of Papa John’s International Inc., a pizza franchise that has become the 3rd largest pizza restaurant chain in America over the years, John Schnatter is known for his sound business mind, principled thought and unwavering determination. It is perhaps, these very qualities that have transformed the once humble company into a Pizza giant with nearly $1.43 billion in revenue as of 2016. Let’s find out how much is Papa John’s net worth And how did he managed to accumulate all the wealth and fame
Papa John Early Life
John H. Schnatter was born into a family of entrepreneurs to Robert and Mary Schnatter in Jeffersonville, Indiana. Although, his grandfather was an efficacious businessman, his father, for the most part, could not achieve the same success. John, however, was destined to follow in his grandfather’s footsteps and dabbled with various vocations from a very young age.
It was in his 15th year, while he was working at a part-time job at Rocky’s Sub Pub that he fell in love with the art of pizza making and found his true vocation. After graduating from Jeffersonville High School and acquiring a business degree from Ball State University, he set up his first pizza outlet at the back of his father’s failing tavern in 1984, thereby beginning his extraordinary journey.
In 1987, John H. Schnatter got hitched to Annette, and the couple now is the proud parents of 3 children and live in Anchorage, Kentucky.
Papa John Career
In 1984, John H. Schlatter sold his hard-earned Camaro to save his father’s drowning business. After settling the debt and paying the employees, he decided to put the remaining $1,600 to good use and revamped a broom closet at the back of his father’s tavern into a pizza place selling mouth-watering pizzas to the tavern’s meager customers. His pizzas turned out to be an instant hit, and within a year John bought a larger and more equipped place for his business.
Now in 2017, Papa John’s Pizza is one of the leading pizza delivery and outtake restaurant chains in the U.S. with over 4900 branches in America and 44 other countries around the world. Following his immense success, John Schnatter rebought his beloved Camaro in 2009, which is now at display at the Louisville, Kentucky headquarters of Papa John’s Pizza and has become a sort of a mascot for the company.
In all these years, Papa John has stayed true to its tagline ‘Better ingredients. Better Pizza’ and continues to delight its customers with its unmatched quality and better offers. Moreover, it was also the 1st pizza restaurant chain in America to introduce online ordering way back in 2001. It is perhaps, this exquisite blend of quality and modern technology that has allowed Papa John’s Pizza to achieve unprecedented success worldwide.
John H. Schnatter was bestowed with the National Ernst & Young Retail/Consumer Entrepreneur of the Year honor in 1988. In 2007, he found a place in the Junior Achievement U.S. Business Hall of Fame and in 2010, he was inducted into the Kentucky Entrepreneur Hall of Fame for his achievements.
Papa John Schnatter Net Worth
John Schnatter’s net worth had reached a record $1 billion in January 2017, thanks to his prosperous pizza restaurant chain. However, by November 2017 his company suffered a loss of about $70 million following a controversy surrounding the NFL, which Papa John’s was sponsoring at the time, bringing his net worth to $801 million.
John Schantter’s journey replicates typical rags to riches story, and despite his recent losses, John himself is hopeful of a bright future for his company. If the company stays true to its motto and continues to serve people pizzas produced of quality ingredients and sheer honesty, it can withstand any trouble that might befall it.