Users' questions

How did Mike Ilitch make his money?

How did Mike Ilitch make his money?

From a single storefront in a strip mall, Mike Ilitch built a diverse business empire that would become synonymous with Detroit. The self-made billionaire founder of the Little Caesars chain influenced everything from development to sports, casinos to concerts, restaurants to food distribution.

What nationality is Ilitch?

Mike Ilitch/Nationality

How much did Mike Ilitch pay for the Detroit Tigers?

The late Mike Ilitch bought the team for $85 million in August 1992. He died at age 87 in 2017, and son Christopher Ilitch overs sees the team, held in trust, as its president.

What happened to Mike Ilitch?

Ilitch, 61, of Bingham Farms had a history of drug abuse and an autopsy determined his death in February resulted from “drug intoxication” with a contributing cause of “chronic obstructive pulmonary disease,” according to records obtained by The Detroit News under the Michigan Freedom of Information Act.

Who owns the Red Wings?

Olympia Entertainment
Detroit Red Wings/Parent organizations

Is Little Caesars family owned?

Headquartered in Detroit, Michigan, Little Caesars was founded in 1959 as a single, family-owned restaurant. Since then it has become the third largest pizza chain in the world* with stores in more than 25 countries and territories worldwide, including in each of the 50 U.S. states.

How much did Mike Ilitch buy the Red Wings for?

On This Date in 1982: Mike Ilitch buys Detroit Red Wings for $8 million.

How rich is the Ilitch family?

As of December 2016, he was #86 on the Forbes 400 and had an estimated net worth of $6.1 billion. In 2000, Ilitch and his wife appointed two of their children as co-presidents of Ilitch Holdings, Inc.: Christopher Ilitch and daughter Denise Ilitch, an attorney.

What did Michael and Marian Ilitch do in Detroit?

Today – true to Mike and Marian’s vision for a bustling downtown area – the Ilitch organization is developing The District Detroit, a dynamic urban destination that provides a dense neighborhood experience featuring a variety of developments alongside Detroit’s premier sports and entertainment venues.

When did Michael and Marian Ilitch buy the Detroit Red Wings?

The success of the business was built upon the exceptional quality and value of the Little Caesars menu and Mike’s marketing savvy and imaginative ideas in production. The growth of Little Caesars helped Mike and Marian create other leading brands in the food, sports and entertainment industries. The couple purchased the Detroit Red Wings in 1982.

How much money have the Ilitch companies made?

The Little Caesars Veterans Program that followed provides honorably discharged veterans with financial incentives and other support to help them open a Little Caesars franchise. Since 2000, grants and giving from Marian and Mike, the Ilitch companies and its charitable affiliates have totaled $220 million.

Who are the members of the Ilitch family?

As of 2017 , the family’s entities remain privately held. In 1999, the Ilitches established Ilitch Holdings, Inc. to provide their various enterprises with professional and technical services, and held the titles of chairman and vice chairwoman, respectively.