JIMMY JOHN LIAUTAUD

Forbes - - LEADERBOARD -

$1.7 BIL­LION JIMMY JOHN’S

Liautaud, 54, founded his epony­mous sub shop in 1983 at age 19. Al­though he sold a mi­nor­ity stake to pri­vate-eq­uity in­vestor We­ston Pre­sidio over a decade ago and Roark Cap­i­tal bought a ma­jor­ity stake in 2017, Liautaud still owns an es­ti­mated 35% of the com­pany and serves as its chair­man. A poor stu­dent who grad­u­ated near the bot­tom of his high school class, Liautaud started the busi­ness us­ing a $25,000 loan from his fa­ther, an Army vet­eran. Jimmy John’s now has nearly 3,000 lo­ca­tions.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.