Food, sports, and entertainment are very profitable industries.
Therefore, if you own a successful business in any of the above segments, you will become a wealthy person. Marian Ilitch fits that description. She owns a very successful pizza chain, two-sport teams, and a Casino.
This outstanding success made her one of the wealthiest people in the country. Forbes estimates her wealth to exceed $4.4 billion, making her the richest person in Bingham Farms, Michigan.
She met her husband, Mike, on a blind date, and together they built a business empire.
Marian Ilitch is an American billionaire businesswoman and the co-founder of Little Caesars Pizza, the owner of Detroit Tigers and Detroit Red Wings.
Marian Ilitch was born and raised in Dearborn, Michigan. As a young girl, she worked at her father's restaurant filling salt and pepper shakers. After graduating from Dearborn Community College with a liberal arts degree, she worked at SS Kresge in Dearborn. She later worked as a reservation clerk for Delta Airlines in Detroit, where she met her husband, Mike Ilitch.
The couple invested their life savings in opening a small pizza store called Little Caesar in Garden City, Michigan, in 1959. Three years later, they franchised their first store, and soon after, the company became the fastest-growing pizza chain in the country. In 1969, they expanded across the border into Canada, and today they operate in all 50 states and 18 countries.
The family purchased the Detroit Red Wings for $8 million and Detroit Tigers for $85 million.
In the 1960s and 1970s, the Red Wings were going through unstable times, and the team was ranked last in their division. So, the Ilitch family was ready to buy the Red Wings from the Norris Family for $8 Million in 1982 and improved the team immediately. Since then, the team has won four Stanley Cup championships.
The Ilitch family is committed to making the world a better place.
The Ilitch family is committed to the communities where they live, work, and play. They provide a tremendous amount of resources for veterans and young athletes. As of 2022, they have provided more than 350 business opportunities to veterans and more than $220M in grants to many people in need since 2000.
They oversee many foundations, including, The Detroit Tigers Foundation, Little Caesar Veterans Program, AAA Hockey Club, Wayne State University, Hockeytown Cares, and Detroit Red Wings Foundation.
Have you heard about the Ilitch family before reading this article?