Going through the list of the world’s wealthiest people, we get to see only a few ladies in the list. One of the ladies who has managed to get on the list is Marian Illitch.
Marian is an entrepreneur who holds the business in the food and entertainment industry. She is the co-founder of Little Caesar's pizza, which she founded with her husband and with their hard work they have expanded the company to 5 continents in the world. Let's get in detail about her personal and professional life and know more facts about her.
How Much Is Marian's Net Worth?
This entrepreneur has garnered the net worth of $6.6 billion. With the massive amount, she has been the 4th richest lady in the world. Her business and life partner, Mike Ilitch also had the net worth of $6 billion.
She started her business as a co-founder of Little Caesar's pizza, a small company which she started with her husband in 1959. It was the third pizza chain in the United States. The small suburb pizza place is now an international company with 3600 outlets all over the world. The income from this business was so magnificent that this helped the businesswoman to invest in many other companies.
From the money made by the pizza business, Marian, 85, invested in many other sectors. She along with her life partner expanded their business into food distribution, sports, casino, real estate, and entertainment.
After the success of the restaurants, they took a challenge and put their money in the hockey team, Detroit Red Wings and Detroit Tigers. Their risk was worth it for Marian and her husband; the team had consecutive wins. After sports, they used their money in movie theater and entertainment.
In 1999 they established Ilitch Holdings, Inc., a company that provided technical and professional support to all the companies they owned. The company helped in the development of all of their primary companies.
The aim of every business was the satisfaction of the customer. Their goal was to serve quality food from Little Caesars, luxurious experience with the casino, and great theatre experience.
The business ideas and the courage to take risk helped them to summon their net worth. Furthermore, the proper analysis has been the core reason they succeeded with every step they took in their career.
The Loss Of Two Family Members
Marian was a lucky woman to have her husband’s back in everything she did. Mike was not just her business partner but also her partner for life. The couple took every step of their life together. Every high and low, in the business and personal life, they experienced it all together. But Marian’s love Mike passed away after 61 years of being married.
Marian and her husband Mike (Photo: ilitchcompanies.com)
They have seven children and 22 grandchildren in the family.
After the demise of her husband, she had to lose another member from the family. Her son Ronald Ilitch was discovered dead surrounded by drugs in his room in Marriot Hotel in Troy. Ronald lost his life when he was at the age of 61, and before his demise, he was followed by police many times and was even arrested for Cocaine charges.
What Is Marian Up To Today?
Now after the loss of her business partner, she has been thinking of creating a regional Sports Network for Detroit, which would cover the games of Detroit Red Wings and Detroit Tigers and also include other programs. The channel will be the official channel for their two teams and would serve as the distribution hub.
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Born on 7th January 1933, the entrepreneur resides in Michigan, as per wiki. The inspiring lady went to Dearborn Community College where she got the education on liberal arts and accounting.
Unknown Facts About Marian
Here are some facts that you can't miss about Marian;
- Marian picked the name of their pizza business, Little Caesar's pizza. She has revealed that "Caesar" was the nickname of her husband and since they had nothing when they started their business, she added "Little."
- Marian, who is now a billionaire, previously worked at Delta Air Lines, Atlanta.
- Marian was born as Marian Bayoff. She is the daughter of parents who were Macedonian immigrants.