Tom Monaghan is a well-known American entrepreneur and businessman. Tom Monaghan founded the well-known pizza chain Domino’s.
He founded the company in 1960 and was the owner of the Detroit Tigers from 1983 to 1992. Manoghan also owns the Domino’s Farms Office Park in Ann Arbor Charter Township, Michigan.
Biography, Facts & Life Story
On March 25, 1937, Tom Monaghan was born. He is now 85 years old and a business owner. Similarly, he was born in Ann Arbor, Michigan, USA. Tom’s father died when he was four years old. His single mother and his younger brother raised him. His father and mother are Francis and Anna Monaghan, respectively.
Monaghan’s nationality is American, and he is of Catholic Irish descent. The entrepreneur received his education at St. Joseph Home for Children in Jackson, Michigan. Monaghan joined the US Marine Corps by accident; he had intended to join the Army.
The actor received an honorable discharge in 1959. Tom was denied admission to the University of Michigan in Ann Arbor due to his poor academic performance and inability to pay tuition. Monaghan then transferred to the University of Michigan after attending Ferris State College in Michigan for architectural trade school.
Tom Monaghan Height, Weight
Monaghan, an 84-year-old entrepreneur, has a beautiful face and a wonderful demeanor. He is 5 feet and 7 inches tall. He is also a healthy weight of 73 kg. Monaghan also has brown eyes and white hair. Nonetheless, the entrepreneur has never disclosed any additional physical facts.
Quick Facts
| Real Name | Tom Monaghan |
| Nick Name | Tom |
| Date Of Birth | 25 March 1937 |
| Age | 85 years old |
| Birthplace | Ann Arbor, Michigan, USA |
| Nationality | American |
| Profession | entrepreneur, businessman |
| Height | 5 feet 7 inches |
| Weight | 73 kg |
| Hair Color | White |
| Eye color | Brown |
| Net Worth | $400 million |
Career
Tom and his brother borrowed $900 to buy Dominick’s, a small pizza shop in Ypsilanti, Michigan, while they were still students. He then started three more businesses and gave his brother a Volkswagen Beetle in exchange for his stake in the company.
Monaghan dropped sub sandwiches from the menu in favor of focusing on college campus delivery, designing a new insulated pizza box to help with delivery. In 1989, the National Organization for Women (NOW) called for a boycott of Dominoes due to his vocal opposition to abortion. He sold a 93% stake in Domino’s Pizza to Bain Capital for an estimated $1 billion in 1998.
Gyrene Burger Company, the entrepreneur’s second quick-service restaurant brand, debuted in December 2011. At Gyrene Burger, the owner offered franchise incentives to qualified Marines and veterans from other military forces. Monaghan previously owned the Detroit Tigers, who won the World Series the following year.
He also received the Golden Plate Award from the American Academy of Achievement. Finally, the businessman sold the Tigers to a competitor, Mike Ilitch of Litte Ceaser’s Pizza, in 1992. By contacting a friend, George P. Schwartz of Schwartz Investment Counsel, Inc., Tom also helped to create the Ave Maria Mutual Funds. There are five Ave Maria Mutual Funds available right now. He is also a member of the Catholic Advisory Board.
Tom Monaghan Net Worth
Tom Monaghan’s net worth is unknown. Monaghan, the man behind one of the world’s most well-known corporations, has amassed a sizable fortune as a result of his venture. Tom Monaghan’s celebrity net worth is expected to be $400 million in 2023. Tom was the sole owner of Domino’s when he sold it to Bain Capital for $1 billion in 1998.
Tom’s Domino grew dramatically during the 1980s and 1990s, and he became extremely wealthy. In 1983, he paid $53 million for the Detroit Tigers, which he then sold for $85 million in 1992. Over 300 automobiles have been purchased by the entrepreneur, including an extremely rare Bugatti that cost more than $8 million. He also bought a Gulfstream private plane, a boat, and a helicopter. Monaghan owns the majority of a Michigan island and has built a personal resort on it.
Relationship Status
What is Tom Monaghan’s wife’s name? Tom Monaghan is happily married to his longtime companion, Marjorie Zybach, in his personal life. They were married in 1962 and have four children. Their children are Barbara Monaghan, Susan Monaghan, Mary Monaghan, and Margaret Monaghan. Aside from that, Tom has been tight-lipped about his relationship.
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