Papa John Schnatter Net Worth
John Schnatter net worth: "Papa" John Schnatter is an American pizza entrepreneur and television personality who has a net worth of $500 million. John Schnatter is famous for being the founder, former chairman, and former CEO of Papa Johns International Inc, a pizza delivery business. John Schnatter accumulated his net worth through his 4000 franchise pizza restaurants that are located in all 50 states and 30 countries around the world. Today he owns 24% of the publicly traded Papa John's company. Schnatter has become a national celebrity thanks to his appearance in many national commercials which always end with the signature slogan "Better Ingredients. Better Pizza. Papa Johns." Schnatter was born in Jeffersonville, Indiana on November 23, 1961. Schnatter graduated from Ball State University with a business degree. In 1983, when John was in his early twenties, he delivered pizza for the bar/restaurant that his father co-owned. Eventually, Schnatter sold his car, a 1971 Camaro Z28, to buy out the father's partner. Schnatter describes his business as a "17-year overnight success story". Today Papa Johns has 16,000 employees and over $1.7 billion in revenue per year. Schnatter lives in a 40,000 square foot castle located within an exclusive Louisville, Kentucky country club. The house is worth $7-10 million and features a 22 car multi-level garage, several pools, a private lake and a golf course. He has received many awards including being inducted into the Junior Achievement U.S. Business Hall of Fame in 2007, named National Ernst & Young Retail/Consumer Entrepreneur of the Year in 1998, and being inducted into the Kentucky Entrepreneur Hall of Fame in 2010. He made critical comments about the Affordable Care Act in 2012 and donated to President Donald Trump's campaign in 2016. Schnatter blamed the NFL for poor financial performance in 2017 regarding the U.S. national anthem protests and the company removed the NFL shield from their advertising. He stepped down as CEO in January 2018. He resigned from the company entirely in July 2018 after disparaging comments he made on a conference call were publicized.
Billionaire status: As owner of 30% of the company's outstanding shares, John Schnater was a paper billionaire for the first time in January 2017 when the stock hit $84 a share. A year and a half later, after a series of controversies, the stock was $41, bringing Schnater's paper net worth down to $500 million.