John Schnatter Net Worth

Introduction: 

John Schnatter Net Worth, How did the American television personality and pizza entrepreneur accumulate such huge wealth? Check this article to find out more about John Schnatter Net Worth and his career

John Schnatter Early Life

He is an American pizza entrepreneur and television personality. John Schnatter is famous for being the founder, former chairman, and former CEO of Papa John’s International Inc, a pizza delivery business. 

Schnatter graduated from Jeffersonville High School then went on to earn a degree in business from Ball State University. After graduating from college, he returned to Jeffersonville where his father co-owned a restaurant called Mick’s Tavern.

John and his wife Annette were married in 1987. The have three children together. A few weeks after his unfortunate and bizarre news interview, Annette filed for divorce after 32 years of marriage. 

The filings showed that they had actually been separated since April of 2019. Her filing showed that the couple already has a property settlement agreement. The couple owns houses in Utah, Florida and Kentucky.

John Schnatter Career

Papa John Schnatter was born on November 23, 1958 in Jeffersonville, Indiana. Having spent his college years earning money as a pizza delivery driver, John was convinced that Mick’s Tavern should also be in the pizza business

He became a national celebrity thanks to his appearance in many national commercials which always end with the signature slogan “Better Ingredients. Better Pizza. Papa Johns. ” In 2018, Schnatter was forced out of the company.

He converted a broom closet in the back of Mick’s Tavern into a pizza-making room and over time took over the entire restaurant. Schnatter eventually changed the name of the restaurant to Papa John’s.

Papa John’s went public in 1993 with John owning around 30% of the company’s shares, became a multi-millionaire overnight. In some years, his stake would earn him hundreds of millions of dollars and even, very briefly, a billionaire on paper.

As of this writing, Papa John’s has more than 5,300 locations, 16,000 employees and $1.5 billion in annual revenue. John Schnatter would later describe his business as a “17-year overnight success story”. 

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.

Schnatter’s downfall with the company began in 2012 when he publicly criticized the Affordable Care Act which blew over but another one brewed in 2017 when he publicly blamed the NFL for his company’s poor financial performance. 

He believed his revenues were down because of the NFL’s kneeling controversy and was upset that the league hadn’t done more to stop it.

Schnatter 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.

In November 2019, Schnatter appeared on a local television news program. During the interview, Schnatter appeared sweaty and bloated and he disparaged his former company while also claiming to have eaten 40 pizzas in 30 days. The interview was not well-received.

John Schnatter Net Worth

John Schnatter Net Worth as of today is $500 Million. John Schnatter Net Worth is earned from his career as a pizza entrepreneur and television personality.

He was a billionaire on paper for a brief period back in January 2017. At the time he owned 30% of the company’s equity and when the share price hit $84, his stake was worth north of $1 billion for the first time. 

After a year and half with a series of controversies, the stock was $41, bringing Schnater’s paper net worth down to $500 million. In late 2019 Schnatter sold his entire remaining stake in the company over a series of transactions that generated hundreds of millions of dollars.

Schnatter lives in a 40,000 square foot castle located within an exclusive Louisville, Kentucky country club. The house is valued at $7-10 million and features a 22 car multi-level garage, several pools, a private lake and a golf course.

Summary: 

Papa John Schnatter is an American pizza entrepreneur and television personality who is famous for being the founder, former chairman, and former CEO of Papa John’s International Inc, a pizza delivery business. 

He became a national celebrity thanks to his appearance in many national commercials. Schnatter’s downfall with the company began in 2012.

As of 2020, John Schnatter’s net worth is $500 Million.