Wiki Biography of Tom Monaghan
Thomas Stephen Monaghan, a businessman and philanthropist, was born on March 25, 1937, in Ann Arbor, Michigan, USA. He is most known for founding Domino’s Pizza, which he later sold to devote himself to Catholic charities and political causes. He was also the owner of the Detroit Tigers, a Major League Baseball franchise.
Tom Monaghan’s net worth is unknown. According to credible sources, his net worth might be as high as $500 million as of the statistics published in the middle of 2016.
Tom Monaghan has a net worth of $500 million dollars.
When Tom’s father died when he was four years old, his mother placed him and his brother in a Catholic orphanage, where Polish nuns reared them. He enrolled in the seminary during his adolescent year, but was expelled since he was a poor student who never completed college. Tom studied math in seminary and came to the conclusion that money was an important aspect of human development. Long before globalization, his seminary studies led him to start one of the first organizations that offered professional growth within the same and overall vision of the world.
Tom and his brother James spent less than $900 on a pizza called Dominicks. After giving his brother his only property, a Volkswagen Beetle, he took over the firm years later. Monaghan built a new store in Burlington, called Domino’s Pizza, in 1968. By 1983, he had 1,100 Domino’s Pizza locations as a result of his successful business. He purchased assets, such as the Detroit Tigers baseball team, luxury vehicles, and Frank Lloyd Wright’s masterpieces, like many other self-respecting wealthy and expensive businessmen.
After reading C.S. Lewis’ book “Mere Christianity” in 1989, Monaghan underwent a spiritual transformation, particularly in regards to his egotism. He chose to take poverty vows and sell Domino’s Pizza in 1998 after thinking for two years on pride and reviewing his life to seek religious ideals. He is currently focused on his real estate project, Ave Maria Town, as well as the university. Ave Maria Hamlet is a Catholic town in Florida, United States, with a population of around 700 people living in 270 homes. It has a school, a university, a shopping center, a golf course, tennis courts, offices, a pharmacy, and even a church; the goal is for the population to reach 25,000. Monaghan’s religious empire is managed by the Ave Maria Foundation.
Tom, on the other hand, has been involved in some Ave Maria Law School scandals. The Law School assisted high school student Betsy Hansen in filing a lawsuit against her school, which she believed had violated her right to free speech by prohibiting the nomination of a pastor to speak on a panel about homosexuality because the school disagreed with what the pastor might say about homosexual relationships. Finally, in Tom Monaghan’s personal life, he married Marjorie Zybach in 1962 and they have four kids.
|Net Worth||$500 Million|
|Date Of Birth||March 25, 1937|
|Place Of Birth||Ann Arbor, Michigan, United States|
|Profession||Businessman, entrepreneur, investor, philanthropist|
|Education||University of Michigan|
|Spouse||Marjorie Zybach (m.1962-)|
|Children||Margaret, Susan, Mary, Barbara|
|Awards||Ave Maria Mutual Funds, Ave Maria University, Florida,Ave Maria College, Spiritus Sanctus Academies|
|Record Labels||Domino’s Pizza|
|TV Shows||Great Leaders (TV Series 2001– )|