Thomas Stephen Monaghan (born March 25, 1937) is an American businessman and the founder of Domino’s Pizza. From 1983 through 1992, he was the owner of the Detroit Tigers. He also owns the office park in Michigan called Domino’s Farms Office Park, which he started building in 1984.
Monaghan, a devout Catholic, retired from Domino’s Pizza Inc. in 1998 after 38 years of service. Monaghan sold 93 percent of the company to Bain Capital, Inc. for about $1 billion. He stopped being involved in the day-to-day operations of the company and gave his time and money to Catholic causes.
Monaghan has spent hundreds of millions of dollars promoting the anti-abortion movement and other Catholic teachings in order to “combat the nation’s moral crisis.'”
He married Marjorie Zybach, whom he met while delivering pizzas, in 1962, and they have four daughters: Margaret, Susan, Mary, and Barbara. They have ten grandchildren and one great-grandchild as of 2014.
Tom Monaghan Early Life
He was four years old when his father died. Monaghan’s mother had a hard time raising him alone, and when he was six years old, he and his younger brother ended up in an orphanage until Monaghan’s mother came back in 1949 and got them back.
The orphanage, St. Joseph Home for Children in Jackson, Michigan, was run by the Felician Sisters of Livonia; one of the nuns there inspired his dedication to the Catholic faith, and he later enrolled in St. Joseph’s Seminary, in Grand Rapids, with the goal of becoming a priest. He was expelled from the seminary for a series of disciplinary violations afterward.
In 1956, Monaghan joined the US Marine Corps by mistake. He had meant to join the Army, but he didn’t know. In 1959, he was given an honorable discharge.
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Tom Monaghan Professional Life & Career
A little pizza store called Dominick’s in Ypsilanti, Michigan was purchased by Tom and his brother while he was still in college. His brother gave him a Volkswagen Beetle for his share of the business.
He went on to open three more businesses after giving his share of the business to his brother in exchange. Monaghan dropped sub sandwiches from the menu in favor of focusing on college campus delivery, creating a unique insulated pizza box to help with this.
He was very vocal about his opposition to abortion, so the National Organization for Women (NOW) asked people not to go to Domino’s in 1989 because of this. He sold 93 percent of his Domino’s Pizza stake to Bain Capital for an estimated $1 billion in 1998. His second quick-service restaurant brand came out in December 2011.
Gyrene Burger Company is the name of this second restaurant brand. Gyrene Burger’s owner provided franchise incentives to qualified Marines and veterans from other branches of the military.
Monaghan was the previous owner of the Detroit Tigers, who won the World Series the following season. He also earned the Golden Plate Award from the American Academy of Achievement. He sold the Tigers to a competitor, Mike Ilitch, who owns Litte Ceaser’s Pizza, in 1992.
Tom also assisted in the formation of the Ave Maria Mutual Funds by enlisting the help of his friend George P. Schwartz of Schwartz Investment Counsel, Inc. There are five Ave Maria Mutual Funds now. It doesn’t stop there: He also serves on the Catholic Advisory Board.
Tom Monaghan Biography
He is an American businessman who started Domino’s Pizza in 1960, and he is called “Tom.” From 1983 through 1992, he was the owner of the Detroit Tigers. Tom Monaghan was born on March 25, 1937, in Ann Arbor, Michigan, United States.
Tom is now eighty-four years old. He is best known as a businessman. He was raised by a single mother who had a hard time making ends meet. He and his brother lived in a Catholic orphanage for a long time together. He turned his single college-campus pizza shop into a multimillion-dollar enterprise. He sold it to Bain Capital for an estimated $1 billion and became interested in philanthropic activity.
Domino’s headquarters were designed in the architect’s Prairie School style. They had an amazing childhood, and it was very happy. He is one of the best businessmen in the world. Tom Monaghan is one of the richest people who was born in Michigan, and he started his own business.
Tom has never been in a relationship before. In 1962, he married Marjorie Zybach, and they had a daughter together. It turns out that the two had four daughters together.
Tom Monaghan Networth
Tom Monaghan’s net worth is $400 million dollars. He is an American entrepreneur who lives in New York City. A co-founder of Domino’s Pizza, he made a lot of money because of that work. In 1998, he sold Domino’s to Bain Capital for $1 billion as the company’s sole owner.
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Rumors and Controversy
Tom hasn’t been involved in any fights or rumors until now. The celebrity has been obsessed with both his professional and personal lives. Monaghan appears to prefer to enjoy his personal life rather than combine it with his professional life.
Conclusion –
Tom Monaghan’s net worth is $400 million dollars. . During this article, you will learn more about Tom Monaghan’s personal information and career, as well as his net worth and relationship status. I hope you found this information interesting. You can find the most recent news on our website.
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