Jimmy John Liautaud is an Arlington Heights, Illinois-born American entrepreneur and businessman, best known for being the founder and CEO of “Jimmy John’s Gourmet Sandwiches”. Born on 12 Jan 1964, Jimmy is now one of the most successful fast-food chains owners in America. He founded his business in 1983, which is still running successfully.
An inspirational entrepreneur and a successful businessman, one may wonder how rich is Jimmy Johns at the present? As of early 2016, sources estimate Jimmy’s personal net worth to amount to $200 million. Needless to say, he being the founder, CEO and private owner of Jimmy John’s Sandwiches has been the most significant factor in making him a multi-millionaire businessman in America as of now.
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Jimmy John Liautaud Net Worth $200 Million
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Raised in Arlington Heights, Jimmy attended Elgin Academy, matriculating second to last in his class of 1982 – his father gave him the choice of either joining the military or starting a business. Jimmy chose to start a hotdog business with a loan of $25,000 from his father. He soon discovered that a hotdog business could cost him a lot, and so decided upon starting a sandwich business. In 1983, he founded Jimmy John’s Sandwiches and started operating the business out of a garage in Charleston, Illinois. The monthly rent for his garage was $200 at the time which left him with no choice but to utilise second-hand equipment.
In the initial phase of his business, Jimmy owned 52% of his business while his father owned 48%. However, his business started to flourish from the first year of its operation, and Jimmy was able to pay off his father’s loans and become the sole owner of Jimmy John’s Sandwiches in just three years, i.e. in 1985. Now the sole owner, he opened another store at Macomb, Illinois and later in Champaign, Illinois. In 1993, Jimmy started franchising his business after opening several stores in various parts of America.
As of now, Jimmy John’s Sandwiches has its headquarters located at Champaign, Illinois and has 2,316 stores across the USA. The business is at the peak of its success and was named at number five in the Entrepreneur 2014 Franchise 500. This business is also noted for having the highest millennial brand loyalty, as ranked by YouGov BrandIndex at number one. It is also the one of the 10 Promising Franchises for Ambitious Entrepreneurs as named by Entrepreneur.com. Needless to say, it is solely the success of Jimmy John’s entrepreneurial venture that has managed to make Jimmy a multi-millionaire on this day.
As for his personal life, Jimmy is now a married man and a father of three children. His wife Leslie Liataud was a ballerina. He is a sponsor of Motocross, and UFC. For now, Jimmy enjoys his life as one of the most successful entrepreneurs in America while his business earns him millions of dollars every year, so that he currently has net worth of $200 million which caters to his daily lifestyle in every possible way.
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