In Fall of 2018, Jimmy John Liautaud was included on the Forbes list of the World’s Wealthiest People with an estimated net worth of $1.7 billion after selling majority stake of Jimmy John’s to Roark Capital for an undisclosed amount. With a lot of hard work, Jimmy turned a small loan from his father into a billion dollar company, becoming a true American success story.
Jimmy’s hard work and perseverance allowed him to grow Jimmy John’s into a national chain with nearly 3,000 stores. Jimmy didn’t have a business plan and never intended for the company to grow as large as it has. Despite his struggles in school, Jimmy taught himself how to handle the finances and operate without debt, which allowed him to expand the company nationwide. Jimmy has sold parts of his company to investors over the years, but he maintains a 35% stake in the company and serves as board chairman.