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Mike Ilitch Net Worth

How rich is Mike Ilitch?

Mike Ilitch Net Worth:
$2.4 Billion

Birth date: July 20, 1929
Birth place: Detroit, Michigan, United States
Profession: Entrepreneur, Businessperson
Education: Thomas M. Cooley High School
Nationality: United States of America
Spouse: Marian Ilitch (m. 1955)
Children: Denise Ilitch, Mike Ilitch Jr., Atanas Ilitch, Ronald Tyrus Ilitch, Lisa Ilitch Murray, Carole Ilitch Trepeck, Christopher Ilitch
Parents: Sultana Ilitch, Sotir Ilitch
Source: Wikipedia & Freebase

Mike Ilitch wiki & biography:

Details of Mike Ilitch

American entrepreneur Mike Ilitch has an estimated net worth of$2.4 billion. He’s the creator and owner of the international fast food franchise Little Caesars Pizza. He owns the Detroit Red Wings of the National Hockey League (NHL) and also the Detroit Tigers of the Major League Baseball (MLB). He also formed and possessed the Detroit Caesars, an effective softball team that played throughout the 70s. Mike Ilitch was inducted into the Hockey Hall of Fame in 2003 together with the United States Hockey Hall of Fame in 2004.

Produced Michael Ilitch Jr. on July 20, 1929 in Detroit, Michigan, his parents are Macedonian immigrants Sotir and Sultana Ilitch. He is a grad of Cooley High School in Detroit. He entered the U.S. Marince Corps for four years. When he returned home, the Tigers offered him $3000 to play baseball. He had a four-year minor league career from 1952 to 1955.

In 1959, Ilitch started a pizza business after leaving baseball. Along with his wife, they started the Little Caesars Pizza in Garden City, Michigan. As of March 2013, the couple has a combined net worth of $2.7 billion, #537 in the Forbes Billionaires List, #181 in the United States, and #151in Forbes 400 List (2012).
Michael “Mike” Ilitch Sr. (born July 20, 1929) is an American entrepreneur, creator and owner of the international fast food franchise Little Caesars Pizza. He possesses the Detroit Red Wings of the National Hockey League and Detroit Tigers of Major League Baseball.

Ilitch continues to be at the middle of Detroit’s downtown redevelopment efforts; he bought and renovated the Fox Theatre and relocated his business headquarters (Ilitch Holdings) there. He also possesses Olympia Entertainment.

A first generation American of Macedonian descent, he’s married to Marian Bayoff Ilitch.

Ilitch is an enthusiastic sports fan, as well as in 1982, he and Marian bought the fighting Detroit Red Wings professional hockey franchise and turned the team into a Stanley Cup winner. At the time of the purchase, the team had made the playoffs just twice in the previous 15 seasons and was known as the “Dead Wings.” Interest in ice hockey in Detroit was at an all-time low. Ever since then, the team has won fifteen divisional championships, six President’s Prizes (for the best regular-season record among all NHL teams), six Campbell Bowls and four Stanley Cups in 1997, 1998, 2002 and 2008. In 1982, Mike Ilitch bought the Red Wings from Bruce Norris for $8 million USD, and has turned the team into a perennial contender for the Stanley Cup. After years of drafting top picks and grooming their youthful players, and with appropriate direction and leadership, the Red Wings have turned into an elite NHL team. They made the Stanley Cup finals three times between the 1994-95 and 1997-98 seasons, winning the Cup in 1997 (fifteen years after Ilitch purchased the Red Wings) and again in 1998. The Red Wings added two more tournaments in 2002 and 2008. Ahead of the 2004–05 NHL lockout, Forbes Magazine rated the Red Wings as the fifth-most valuable franchise in the NHL, despite a $16 million operating loss.

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