billy ingram white castle net worth

By the time his son, Edgar, took over in 1966, White Castle had sold a billion burgers. The Smithereens recorded the song "White Castle Blues" in 1986, a novelty in their breakout year. . Ingram, Jr. made an $11 million gift, providing additional resources for grantmaking. Ingrams great grandfather, E.W. burgers and sliders. In 1921, partners Edgar Waldo "Billy" Ingram and Walter "Walt" Anderson opened the first White Castle restaurant in a 15x10-foot white cement-block building with five counter stools. 'If you franchise, while you can expand faster, you're giving up control of the operation,' says Lisa, who has an M.B.A. from Ohio State. White castle was dismissed as just a cheap food fad early on, but its small square burgers were such a hit that the chain found itself being imitated from competitors big and small. Why not? White Castle still offers a value meal as it did when it first started. By 1931 White Castle had expanded to 116 locations in 11 different states. In 1921, real estate agent and insurance salesman Billy Ingram met Walt Anderson, a cook who owned three hamburger stands in . Each year, White Castle and the Ingram-White Castle Foundation, founded in 1949, donate more than $2 million to a variety of charities across the nation, including more than $8 million for Autism Speaks in the last 10 years. the Ingram-White Castle Foundation will be awarding $100,000 in scholarships to team members and their dependents. "Part of the agreement from purchasing it from Indiana Landmarks is that the purchaser has to restore the exterior brick," Jason Hartman, the building's new owner said. All rights reserved. His birth date and place are unknown in the media. This refusal to franchise hasn't come without a cost, of course. The company was formally incorporated in 1924, and that same year the two men opened their first restaurant outside of Wichita. People looked at hamburgers as being greasy health hazards on par with eating arsenic. Ingram, in her LinkedIn profile, said, Our 10,000 team members are second to none and continue to deliver memorable moments to our internal and external customers on a daily basis. An original slider in Newark, New Jersey, will run you about 88 cents though promotions put them in hungry customers' hands for about 50 cents each if bought in bulk. "It was seen as unsanitary. Unlike many of its larger competitors, the privately owned chain has not relied on franchising to finance its growth. It wasn't just the look of the restaurant that Ingram and Anderson placed a level of sanitary scrutiny on, but the employees working behind the counter as well. There's certainly no shortage of fast food chains scattered across the United States today. Our founder, Billy IngramBilly was an entrepreneurial kind of personstruck up a great friendship with restaurateur Walt Anderson. Toan H./Yelp. World hot-dog eating champion and food legend Joey Chestnut is a White Castle enthusiast. Most of his fortune is amassed from serving as the Assistant Vice President for White Castle System, Inc. Dave Rife started working for White Castle System, Inc. at a young age. How many new outlets did it open in 2019? Mutual Fund and ETF data provided by Refinitiv Lipper. Eating champ Joey Chestnut, "The griddled onions, the way the burger and the bun are kind of steamed you never get a dry White Castle bun. White Castle is located mostly in the East Coast, Midwest and Florida, though it has expanded out west to Scottsdale, Arizona and Las Vegas, Nevada. Two years from today, what do you expect? Billy . Americans are expected to spend about $333 billion on fast food in 2022, according to IBIS World data. A White Castle burger costs about 89 cents today a delicious steal sold by the sackload. Bee around 1900, before moving to Wichita to pursue his career in real estate and insurance. She is even looking at a couple of new brands too: Laughing Noodle, a Chinese restaurant with three outlets in Ohio and Kentucky; Blaze Modern BBQ, a smoke joint with two locations in Indianapolis; and Deckers Grilled Sandwiches, a lunch food joint in Tennessee and Kentucky. Billy Ingram passed stewardship of White Castle along to his son E.W. I ate it," he said. Private ownership has also let the company remain true to its roots instead of chasing fads and to cultivate something of a cult following. In fact, we have 1.2 million followers on Facebook. As McDonald's and other burger franchises dominate the American landscape, White Castle with approximately 375 locations in 14 states, remains a modest . Richardson: Were taking a longer view and keeping in touch with what our customers are telling us. Billy Ingram invested $700 in a Wichita, Kansas, burger joint in 1921 and helped inspire a global food phenomenon. Despite its relatively modest size, White Castle is holding its own. Ingram's great-grandfather, Edgar Waldo "Billy" A. Ingram, partnered with Walt A. Anderson, who ran burger food stands at the time, to open the first White Castle restaurant location in 1921 . While Chicken Littles and Burger Bundles are long gone, White Castle also saw smaller burger joints pop up that were brazen enough to rip off the White Castle name and building design. Were adding about three locations a year, including three or five in 2020. When daughter Lisa wanted to try out smaller 'express' locations with limited menus where customers could quickly get a bunch of sliders, it didn't work, by the company tried it anyway. Its classic white castle buildings adorned cities starting in 1921 when it was started by Billy Ingram. The tiny burgers, about 2 inches square, are still sizzled in onions today, the top bun steaming on top of the patty largely unchanged from the way Anderson cooked them years before. Texas writer/director Richard Linklater couldn't help but lampoon the strange political moment by making a short ad using a character from his film Bernie, who was just as befuddled by the statement as the rest of the state was. Actors Kal Penn and John Cho pose for a portrait while promoting their movie "Harold and Kumar Go To White Castle" at Pop's Burger in downtown New York City on July 19, 2004. The family behind White Castle leaves that talk for the annual family meeting, in which the third, fourth . White Castle isn't the first that accolade goes to Taco Bell but they've arguably had one of the biggest recent vegan successes in fast food. The burger chain almost didn't even happen because Ingram had plans to go into the insurance business, but only decided to switch gears after meeting Anderson and being convinced that hamburgers were the way to go. The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. With Lisa in charge from the start of next year, the company appears to be in good hands. Flesche maintained good health throughout the entire 13 weeks and Ingram incorporated the study into White Castle's marketing campaign to prove customers could eat only his burgers and still maintain "physical and mental faculties." All they had to do was visit their website and print off or download the free slider coupon to their phone. The Colorado native founded the world's first burger chain, White Castle, in Wichita, Kansas, in 1921. The burger chain almost didn't even happen because Ingram had plans to go into the insurance business, but only decided to switch gears after meeting Anderson and being convinced that hamburgers were the way to go. But most of its revenue growth derives from the products it sells in supermarkets, whose sales rose 23% last year. Even its burger cooking process is a little strange. While the rise ofmicro-holidays filling up social media might cause some to roll their eyes, these goofy holidays do have their perks. The entry-level wages paid to White Castle employees compare favorably with those at other fast-food chains. In 1934 he moved the company headquarters to Columbus, Ohio. How many burger joints can say that? He is widely . Market data provided by Factset. Long story short, Coastal Castle no longer exists. About 90% of our Castles are open 24 hours. Chestnut and fellow competitive eater Matt Stonie recently savaged an order of 100 White Castle sliders in Las Vegas. He's considered the father of fast food. How are you adapting to consumer tastes for healthier food? Even bad breath was a no-no. Distributing Plant in Vandalia, Ohio, on April 30, 2014. The company was founded in Wichita, Kansas, yet you won't find a single White Castle there. Powered and implemented by FactSet Digital Solutions. Founded in 1921 by Billy Ingram, Ohio-based White Castle made the term slider a national food item. During the 1990s White Castle triedand failedto expand in Mexico, Malaysia, Japan and South Korea, running into a host of problems. The customer then was served up a slider made with unfrozen beef delicious. The movie "Saturday Night Fever" (1977) featured a scene filmed in a White Castle restaurant, bringing nationwide recognition to the regional brand. By the time Ray Krok turned it in 1955 into the fast food chain we know today, White Castle was well on its way to selling burger No. In fact, thousands of people have applied for admission since 2001, but just 227 have been accepted. Today more than ever, the next generation of customers is asking for authenticity and thats something we can claim with a clear conscience. The History of White Castle. Understandably, White Castle didn't exactly agree with Clifford. While they can't claim that they invented the burger that's a debate that still rages on they did sway Americans' opinion of the sandwich. The average White Castle executive compensation is $236,945 a year.The median estimated compensation for executives at White Castle including base salary and bonus is $237,825, or $114 per hour. 99%. Left to die alone like an animal: Parents who left 23-stone disabled daughter to die in her own filth are Holiday home owners in Scotland face new SNP tax hike under plans from front-runner to be new First Scotland should just self-identify as an independent country, one SNP member proposed. "Billy" Ingram, is stepping down from his role as CEO at the end of the year. Richardson: We opened three including a large location in Scottsdale, Arizona, our first in that state. It doesn't incorporate the food it serves into its name, it isn't named after the founder, and there is no dollar menu. As White Castle explains on another part of its website, it also has a scholarship program for employees and their family members. Oscar Cainer tells all. Jan 10, 2020. The fourth White Castle, with the now familiar castle motif, in Wichita. "Knowing that we started in Wichita and that it is where it all began, we thought would be a great chance to bring some of the family members together," said Jamie Richardson, the company's VP. To throw a little bit of movie trivia at you, White Castle's starring role nearly didn't happen because the movie's screenwriters initially had the two friends searching for a Krispy Kreme doughnuts location to satisfy their munchies. Fail to change and you risk getting left behind. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Richardson: Weve seen the Impossible slider be a welcome addition to our menu, and we have a vegan slider from Dr. Praegers. Now is the perfect time to segue to another group of hungry customers the company has embraced. As of November 2022, the average price of an original slider, according to Fast Food Menu Prices, is 72 cents. By the '80s, White Castle prices had risen almost threefold, with a burger selling for 27 cents. It was back in 1921 when Billy Ingram took out a $700 loan and, with friend Walt Anderson, opened a shack in Wichita, Kansas. "There was something authentic in the way the script described how people feel about our distinctive taste and the lengths they'll go to.". Fun stories about food, relationships, the great outdoors and more. Ms. Ingram has also served as President of White Castle System, Inc. since 2013 . He "parlayed a 5-cent hamburger into a $36 million chain.". 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