John Schnatter is mostly famous for his commercial name of Papa John, who is an American Businessman. He is the founder of Papa John’s pizza. From a medium family, he made his way to a successful entrepreneur starting his company in the back of his father’s tavern. Besides, he had some collaboration with NFL which led to controversial news and rumors.
John Schnatter Family and Age
The entrepreneur was born on 22nd November 1961, in Jeffersonville, Indiana that makes him 58 years old. John was the blessing for his parents Mary, a real estate agent, and Robert Schnatter, a judge.
His father also was the co-owner of Mick’s Lounge, a Jeffersonville tavern at the time. There is not any information about his siblings or other family members. However, he had a good childhood overall.
Talking about his educational status, he schooled at some local school and later joined Jeffersonville High School. After passing out of high school in 1979, he attended the Ball State University with Business and got a degree in 1983.
John Schnatter Wife, Annette Cox, and Marriage
John Schnatter with Wife Annette Cox
Image Source: Yahoo
After spending about more than 30 years of marriage, their relationship didn’t work out as expected. After Cox’s filing for divorce, they got separated on April 1.
Divorce and Children
John Schnatter With his wife and children
Image Source: Allstarbio
The reason behind the divorce is still unknown but some have claimed that John was accused of several assaults and bad behavior.
John Schnatter Pizza Company
John’s business first started when he opened Papa John’s Pizza in 1984. Starting from equipment worth $1,600, his business got expanded exponentially. By the year 1994, they opened more than 500 stores of the company which sold Papa John’s Pizza. Expanding more, 1500 stores became active in 1997.
The logo of Papa John’s Pizza
Image Source: The Business Journals
Trying to be flexible, John also founded a company called Calistoga Artisan Sandwiches in 2007. But unfortunately, due to some issues, it was shut down after five years of operation. Besides, he was an important member of the NFL for some time. Also, the businessman has authored a book titled,” Papa: The Story of Papa John’s Pizza”.
John Schnatter Net Worth and Salary
Working as the CEO of a self-founded company for about 40 years, he has made a huge amount of money from his business. According to Statista, Papa John’s Pizza had a revenue of about $652.05 million in Domestic sales only and about $102.92 million in other international sales.
With such great income, John must have an awesome salary. The Balances Mb has estimated an average earning of business owner about $59,000 a year. So, the good running business as Papa John’s Pizza must exceed the amount.
Considering all these incomes and revenues, John Schnatter has a net worth of about $1.1 billion as of 2020 and still rising. The businessman also makes a small amount of money from Instagram and Twitter.
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