⬅ # 569 Jeff Skoll|# 571 Lynda Resnick

# 570 Marian Ilitch 

$5.71B

Real Time Net Worth
as of 5/18/2024

# 570 Marian Ilitch 

$5.71B

Real Time Net Worth
as of 5/18/2024
OccupationChair, Ilitch Holdings
Source of WealthLittle Caesars Pizza
Age91
ResidenceBingham Farms, Michigan
Marital StatusWidowed
Children7
EducationDiploma, High School; High School Graduate, High School
Age-Adjusted Net Worth$700.54M
Marian Ilitch
Marian Ilitch
United States
Net worth: $5.71B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Marian Bayoff Ilitch, born January 7, 1933, is an American billionaire businesswoman.
She was raised in Dearborn, Michigan, as the daughter of Macedonian immigrants from the village of Bouf.
In 1954, Marian Ilitch met her future husband, Mike Ilitch, on a blind date arranged by his father, and they married a year later.
The couple has seven children together: Christopher Paul Ilitch, Denise D. Ilitch, Ronald 'Ron' Tyrus Ilitch, Michael C. Ilitch, Jr., Lisa M. Ilitch Murray, Atanas Ilitch (born Thomas Ilitch), and Carole M. Ilitch.
Marian Ilitch was one of the original investors in Detroit's MotorCity Casino and eventually bought total interest in the casino resort complex for $600 million in 2005.
Ilitch Holdings, Inc., formed in 1999, is the parent company for the family's widespread interests, with Marian Ilitch serving as chairwoman.

Business Ventures

Marian and Mike Ilitch founded Little Caesars Pizza in 1959, which grew into a global franchise.
Ilitch Holdings oversees various businesses including Little Caesars Pizza, Detroit Red Wings, Detroit Tigers, and Olympia Entertainment.
They purchased the Detroit Red Wings NHL team for $8 million in 1982, winning four Stanley Cups under Ilitch family ownership.
Ilitch Holdings spearheaded a public/private partnership to build Comerica Park, the home stadium of the Detroit Tigers.
MotorCity Casino, owned solely by Marian Ilitch, is one of the largest independently owned casino enterprises in the U.S.
Ilitch and her partner, Michael J. Malik, Sr., have been involved in casino developments for Native American tribes across the country.

Philanthropy and Community Involvement

Ilitch family initiatives like the Little Caesars Love Kitchen Foundation have fed over 2 million people, aiding disaster victims and the hungry.
MotorCity Casino has contributed approximately $1 million to local charity groups in Detroit.
Marian and Mike Ilitch established Ilitch Charities for Children, dedicated to improving the lives of children in health, education, and recreation.
The Ilitch family has donated millions to charitable organizations and sponsored numerous programs in the Detroit area.
Ilitch and her husband's philanthropic efforts have been recognized by three U.S. presidents.
Little Caesars' charitable initiatives include the Love Kitchen Foundation and amateur sports sponsorships for children.

Little Caesars Pizza

Founded by Marian and Mike Ilitch in 1959, Little Caesars Pizza is the third-largest pizza chain in the U.S.
The first franchise location opened in 1962, and the company expanded globally.
Little Caesars became known for its 'Pizza! Pizza!' catchphrase, offering two pizzas for the price of one from competitors.
In 1988, they introduced the 'Pan! Pan!' square deep-dish pizza as part of their 2-for-1 deal.
The company shifted its focus to carryout and introduced the 'Hot-N-Ready Pizza' concept in 1997.
Little Caesars was among the first to use the 'Rotary Air Impingement Oven' for speed-cooking pizzas.

How long would it take you to become as rich as Marian Ilitch?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Marian Ilitch's net worth of $5.71B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Marian Ilitch is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Marian Ilitch, Little Caesars Pizza is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey