John Schnatter net worth: American entrepreneur and founder Papa John’s Pizza, John Schnatter has a net worth of $801 million dollars. He received maximum of hid income mainly from his food business.
- Birth date: November 23, 1961
- Hometown: Jeffersonville, Indiana
- Birth Name: John H. Schnatter
- Occupation: Businessman
- Nationality: American
- Position: CEO and Chairman
- Net worth: $801 million dollars
He was born in Jeffersonville, Indiana on November 22, 1961. In the commercial world, he is known by his nickname, Papa John. Papa John completed his high school studies from Jeffersonville High School and achieved his business degree in 1983 from Ball State University.
In 1980 his father owned a tavern in Jeffersonville. John converted a broom closet, which was located in the back of the tavern and established his pizza shop. He sold his car and purchased second-hand pizza making equipment at $1600. He started to sell pizzas to the customers of the tavern and the business grew a lot in the following years.
According to a report of 2017, Papa John’s Pizza is the 3rd largest take-out and pizza delivery restaurant in the whole world. The headquarters is situated in Jeffersontown, Kentucky near Louisville area.
John won a lot of glorious titles and awards in his life; moreover, he has a close connection with politics. In 2012 he helped to raise funds for the Republic Party Candidate Mitt Romney plus he invested in Donald Trump Presidential Campaign in 2016. He expressed his support for the Trump administration via various supportive comments.
Papa John sparked many controversies as well. He blamed National Football League in a conference call with investors in October 2017 due to the National anthem protest. After this, he called off their sponsorship deal with the NFL. He resigned from the CEO position in the same year and remained as a Chairman of the company.
In July 2017 he created another controversy by using an n-word which displays a racist nature. Then he resigned from the chairman position on the very same day. Currently, John lives in Anchorage Kentucky along with his Family.