Tom Monaghan

Tom Monaghan Net Worth

Tom Monaghan net worth: Tom Monaghan is an American entrepreneur who has a net worth of $500 million dollars. Tom Monaghan was born in Ann Arbor, Michigan, and lived in an orphanage from ages six to twelve because his mother was unable to care for he and his younger brother. He decided to become a priest, and went on to study in Mission, B.C. However, he was expelled due to a series of disciplinary issues. He subsequently enrolled in the U.S. Marine Corp, and completed his service in 1959. After returning to Michigan, he enrolled at the University of Michigan, and began working toward a degree in Architecture. He and his brother purchased a small pizza parlor in order to help pay for their educations. The store struggled initially, but then he hit on a plan to focus on delivering to college campuses. He developed a pizza delivery box that allowed for more pizzas to be delivered at once, and carefully rolled out his stores in college towns. His pizza shop, called Domino's, expanded rapidly throughout the 90s, and in 1998, he sold his stake in the business for $1 billion. Tom Monaghan has already donated more than $500 million to charity. He recently launched a new burger chain focused on the military.