Franklin, Tennessee, is one of the major cities in the Nashville metropolitan area and Middle Tennessee.
About 80,000 people consider Franklin home. The median household income is $98,231, and the median home value exceeds $412,400. One of the richest people in Franklin, Tennessee, is Jon Yarbrough. His net worth exceeds $3.1 billion, making him the richest person in Franklin, Tennessee.
Who is Jon Yarbrough?
Jon Yarbrough is an American billionaire and the founder of Video Gaming Technologies. It is an innovative American company that develops, manufactures, and distributes casino games.
Yarbrough graduated from Tennessee Technological University with an Industrial Engineering degree in 1981. During college, he made money doing three things.
- Yarbrough interned at NASA and invented a mini supersonic wind tunnel.
- He sold educational material for Southwestern door-to-door.
- He also loaned his foosball table to a local bar in Cookeville, Tennessee, for 50% of its profits.
He was shocked at how quickly his foosball table made money. He recalled his experience in an interview in Inc. magazine.
"I was just amazed at how quickly it generated revenue. The light went on right then."
The company revenue per employee ratio exceeds $595,840.
This light inspired him to find Video Gaming Technologies in 1991. The company makes touchscreen gaming machines and leases them to Indian casinos. The company grew quickly to more than 20,000 machines in more than 140 casinos in the United States by focusing on creating highly engaging games that deliver record-setting gaming revenues.
This outstanding growth made Australian Aristocrat Leisure acquire Video Gaming Technologies for $1.28 billion in a deal that will help Aristocrat grow in the United States. Today, the company's revenue exceeds $297.9 million per year, employing 500 people.
Jon Yarbrough has a foundation with no website.
Jon Yarbrough established the Yarbrough Family Foundation in 2008, and the foundation does not maintain a website. The foundation focuses on helping organizations in Tennessee and some global non-profit organizations.
Have you heard of Jon Yarbrough before reading this article?