Tom Monaghan Net Worth 2024: Age, Height, Weight, Wife, Kids, Bio-Wiki

Thomas Stephen Monaghan is a billionaire American entrepreneur. Stephen is the founder of worldwide Domino’s Pizza. The entrepreneur was the owner of Detroit Tigers from 1983 to 1992. In 1980, he sold the company to start investing his time to the charitable cause. The entrepreneur pledge to donate his money to philanthropic causes. Thomas became a supporter of conservative causes.

The philosopher developed Domino’s head office in the architect’s Prairie School Style. The childhood of the entrepreneur was perfect. The founder is one of the most successful entrepreneurs in the world. Tom Monaghan is one of the wealthiest entrepreneurs born in Michigan.

Maybe you know about Tom Monaghan very well, but do you know how old and tall is he and what is his net worth in 2024? If you do not know, we have prepared this article about details of Tom Monaghan’s short biography-wiki, career, professional life, personal life, today’s net worth, age, height, weight, and more facts. Well, if you’re ready, let’s start.

Early Life & Biography

Tom was born on March 25, 1937, at Ann Arbor, Michigan, United States. The father of the entrepreneur died when he was only four years old. The mother of Tom was unable to rise alone. She leaves Tom and his younger brother to the orphanage. In 1949, the entrepreneur mother collected them from the orphanage. The entrepreneur got listed on United States Marine Corps mistakenly. He does not want to join the army. In 1959, he was honorable discharge from the military. He dropped out of college.

Personal Life

He married Marjorie Zybach in 1962. The couple has four children together named Barbara Monaghan, Susan Monaghan, Mary Monaghan, and Margaret Monaghan.

Age, Height, and Weight

Being born on March 25 1937, Tom Monaghan is 87 years old as of today’s date 25th April 2024. His height is 5 ft 5 in tall, and his weight is 55 kg.

Career

In 1959, the entrepreneur and his brother acquired a small pizza store named Dominick’s for $900. The businessman opened three stores, and he purchased shares of his brother for a Volkswagen Beetle. Monaghan discarded sub sandwiches from Domino Menu. He starts focusing on delivering Pizza to students on the college campus. Monaghan created a new insulated Pizza Box, which helps to place the pizza without crushing from inside and keep them warm. The businessman spared his business in several college towns through the control franchising system. In 1980, the company was opening three new franchises every day.

In 1998, the company 93% was acquired by Bain Capital for an estimated $1 billion. Tom owns the headquarters of the company. In 2011, the entrepreneur started his second quick-service restaurant named Gyrene Burger Company. The flagship store of restaurants opened Naples, Florida. As of 2018 records, the company did not have any restaurants running.

The business acquired Detroit Tigers, which is an American professional baseball team in Detroit, Michigan, United States. The team won the World Series after one year. In 1992, the entrepreneur sold his team to Mike Ilitch of Little Caesar’s Pizza. The businessman purchased a part of Drummond Island in Michigan. Later he establishes a private resort complex in Drummond Island. The Clifton Haley and Denny Bailey acquired the resort. Tom Monaghan helps to create Ave Maria Mutual Funds.

The entrepreneur likes to purchase expensive cars. He purchased Bugatti Royals in 1986 for $8.1 million. Later he sold it for $8 million. He helps in the construction of the new cathedral in Managua, Nicaragua after it destroyed in the 1972 earthquake. The entrepreneur is the supporter of the Republican Party. He provides financial support to Sam Brownback in the 2008 presidential campaign.

The businessman founded the Mater Christi Foundation. Tom founded Ava Maria College in Ypsilanti, Michigan, United States. In 2007, the college closed due to a lack of funding. Madonna University later acquired the college.

The entrepreneur often donated his money through Catholic Cause. The entrepreneur also serves on multiple boards.

Awards & Achievements

The entrepreneur received several awards like International Franchise Association Gold Plate Award, Horatio Alger Award, the Napoleon Hill Award, Pope John Paul II Family Fidelity Award, and many more.

Net Worth & Salary of Tom Monaghan in 2024

The net worth of Tom Monaghan is $550 million as of April 2024. He sold Domino’s Pizza for $1 billion. The entrepreneur donated $500 million to a charity cause. He started a new burger chain was not successful. Tom lives in a lavish lifestyle. The entrepreneur is a big fan of Frank Lloyd Wright Collection. He has the world’s largest collections of furniture and artifacts.

Tom has 300 items, which have a value of $30 million. The entrepreneur is the owner of five boats and three planes. Monaghan was the owner of the more than 250 antique automobiles.

Tom Monaghan grew his business from $500 store to more than 6,100 stores in the United States. He invented a new type of pizza box, which bring revolution in the restaurants’ industry. According to Tom, he doesn’t want to die with money, so he gives the money in various charitable causes.