billy ingram white castle net worth

Indiana Landmarks then put it on the market for $70,000, where it sat for two years before it was finally purchased with a few stipulations, of course. Because the burgers . In 1927, Billy Ingram invented restaurant carryout and unveiled the new tagline, "Buy 'em by the sack.". Walter A. Anderson c9-founded the White Castle chain selling small square hamburgers. Anderson eventually sold his share of the business to Ingram in 1933 and continued to live in Kansas working in several different companies, including the Swift airplane factory, which he helped start in 1927. How many new outlets did it open in 2019? Billy Ingram moved White Castle to Columbus in 1934 after buying out Anderson's share of the business, and the chain enjoyed a growth spurt shortly thereafter. The company refuses to franchise. It's nice but not worth double the price of today's version. Slider cravings with the late night crowd don't seem to be entirely the stuff of Hollywood fiction either. White Castle began developing the plant-based burger with Impossible Foods back in 2017, and after 18 months had a product it was ready to send to test market. White Castle, the family chain still going strong. Walt Anderson. Their first hamburger building was inspired by the design of Chicago's Water Tower - in the shape of a castle. Ingram, Jr. made an $11 million gift, providing additional resources for grantmaking. All rights reserved. Photo: @mrzbreeze / Instagram after 99 years, located in Bloomington, Minnesota. I ate it," he said. We believe voting is a right of responsible citizenship, and we want all our team members to have that opportunity.. I love them.". Journalist Upton Sinclair had published "The Jungle," his scathing novel of the meatpacking industry, in 1906. Legal Statement. We are no longer accepting comments on this article. 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. Grinning and bearing it? The book caused a sensation with its depiction of conditions in the meatpacking industry. 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. Ingram pioneered many of the processes, equipment and even marketing techniques that make fast food possible today: delicious, savory and mouth-filling flavors served quickly and affordably with the same taste profile offered by many different locations. The 1950s brought competition in the form of new hamburger chains. Krispy Kreme eventually backed out of the idea and a fictional hot dog stand was swapped in place before reaching out to White Castle executives who loved the idea. This refusal to franchise hasn't come without a cost, of course. "W e first opened our doors in Wichita, Kansas, in March of 1921. This lack of gut space became a real problem when Kessman tried to squeeze into one of the booths and injured his knee in the process. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Heres what Jamie Richardson, vice president of Marketing, based in its home office in Columbus, Ohio, said about its growth. Private ownership has also let the company remain true to its roots instead of chasing fads and to cultivate something of a cult following. 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. For example, at a White Castle in Brooklyn, New York, its classic burger, really a slider, costs 85 each, its small French . It was some pretty strange trash talking and more than a little confusing to a lot Texans who were quick to proclaim on social media just how much they enjoyed triple meat Whataburgers. The Ingram family tries not to talk about the business of sliders over Christmas dinner. It is considered the world's first fast-food eatery. The burger eatery was the subject of the 2004 Hollywood comedy, "Harold & Kumar Go to White Castle.". 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. For example, at a White Castle in Brooklyn, New York, its classic burger, really a slider, costs 85 each, its small French fries $1.99 and small soda $1.99, so thats a $5 lunch, or $6 for two sliders or $7 for three. Members include rock n roll icon Alice Cooper, "Man vs. Food" host Adam Richman and the late titan of the comic-book genre, Stan Lee. Sunday at 9 pm on Spectrum News 1 @WhiteCastle @wclisaingram. Ahh, that explains it. We have a presence in all 50 states in grocery stores, where were in all major supermarkets like Sams Club and Wal-Mart. White Castle did $847 million in sales in 2021. The mobile app showed that an impressive 21 percent of the chain's business happens during that late night six-hour block. 'I've always learned more from my mistakes than my so-called successes,' Bill told Forbes. "It was seen as unsanitary. In just the past 20 years, sales have more than doubled to $675 million and the chain added about 100 stores. (Courtesy White Castle). May . that sold tiny five-cent burgers, coffee, pie and Coca-Cola. "Billy" Ingram, founded White Castle in 1921, making it the world's first quick-service burger concept. Richardson: They are steam-grilled on a bed of onions. The chain's website lists health, dental, vision, and life insurance for employees. 'We'll miss him,' daughter Lisa said about her dad, 'but we'll know where to find him. Legal Statement. For access to live and. The original slider provides a certain comfort and source of good memory that creates a feeling of affinity and coming home, whether thats at the drive-thru or freezer aisle. White Castle founder Billy Ingram at the grill. Dave Rife is an American businessman born in 1964, who is best known to the world as the Assistant Vice President & General Manager, White Castle, which is one of the first hamburger chains established in the US. Columbus CEO reported that 98.6 percent of all of White Castle's 450 employees in general management or higher roles worked their way up from behind a White Castle restaurant counter. In some ways, White Caslte is stuck in limbo. Couple find note in chimney that reveals their 290,000 house was 100 times cheaper 50 years ago. Other imitators like White Tower, Royal Castle, and White Palace have come and gone. Bee around 1900, before moving to Wichita to pursue his career in real estate and insurance. (White Castle made $738.3 million in 2019, according to The Business Journals.) In fact, the good people of Kansas haven't had a White Castle of their own in 80 years with the last location closing in 1938. More recently, White Castle partnered with the National Restaurant Association Education Foundation with a new relief fund, Change Is on the Menu, and donated money through a narration of Twas the Night Before Cravemas by Oscar winner Richard Dreyfuss. "He came into the office almost every day to the very end," said Richardson. Richardson: It covers a range. White Castle also pays into employees' 401(k) retirement plans, offers tuition reimbursement to employees in school, and provides financial and other forms of support for workers who are facing difficulties. You might be shocked to learn that White Castle has a certain degree of appeal to romantics. Plane rip-off: Travellers warned over 'bargain' flight fares offered by online travel agents, as hefty fees Do YOU know how much a flooded home costs to repair - and is it covered on your insurance? . Now is the perfect time to segue to another group of hungry customers the company has embraced. Today, if a Kansan gets a craving for a fresh White Castle slider they have to take a road trip to the nearest location in Columbia, Missouri. It is considered the world's first fast-food eatery. CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER, Millions of American teenagers who had never heard of the regional brand were turned onto the magic of White Castle by the Beastie Boys in their celebrated 1986 debut album "Licensed to Ill.". (White Castle made $738.3 million in 2019, according to The Business Journals.) "It was like a love letter to White Castle," said Richardson, White Castle's then-director of marketing. About 90% of our Castles are open 24 hours. 'Billy' Ingram, and will remain on the board after 35 years as CEO. We dont take ourselves too seriously. Toan H./Yelp. "White Castle didn't make that hamburger famous, that hamburger made White Castle famous," Coastal Castle president Kenneth H. Clifford told the Los Angeles Times in 1985. The innovative fry cook held the key to the future of American food. A White Castle burger still sold for just 10 cents at the turn of the 1950s. World hot-dog eating champion and food legend Joey Chestnut is a White Castle enthusiast. This level of focus on cleanliness and appearance has carried over to the modern day White Castle as well. That's hardly the case, however, and the company remains incredibly selective about which markets it chooses to move into. When this reporter played in a roller hockey league in Bayside, Queens many years ago, he and his teammates would dine at a local White Castle. The following year, Billy decided to move all company operations from Wichita to a more centralized location at 555 Goodale Street in Columbus, Ohio. In 1978, representing the third generation of the Ingram's, Bill Ingram III became the president of the company. 4 the first shop the partners opened together. You've successfully subscribed to this newsletter! Americans are expected to spend about $333 billion on fast food in 2022, according to IBIS World data. Part of the Daily Mail, The Mail on Sunday & Metro Media Group, HEALTH NOTES: More workers hit the bottle to beat stress. 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. Or was it six? Responsible for all financial aspects . Customers will also have a chance to win $100,000 worth of prizes . In fact, thousands of people have applied for admission since 2001, but just 227 have been accepted. We dont have restaurants in 50 states. In celebration of their 90th anniversary or perhaps just to taunt Kansas fans the company did set up a pop-up shop for a single day in Wichita in 2011. The sliders are available in the frozen-food aisle of supermarkets in all 50 states. Fourth-generation White Castle CEO Lisa Ingram shares her career path and favorite secret menu item with host MaryLee Melendez. White Castle has also managed to punch above to build a legacy among its many loyal fans in pop culture. "Hamburger was not a food that self-respecting moms would feed their family," said Richardson. How are you adapting to consumer tastes for healthier food? Photo . The fast food chain was founded in Wichita, Kansas, in 1921. Ingram, Jr. and the father of fourth-generation leader Lisa Ingram. They were closed in the 1960s because they were too far away from White Castle's supply chains in the Midwest and Mid-Atlantic states. Perhaps one day, White Castle will bestow the good people of Texas with a restaurant so Cruz and O'Rourke can hash things out over a case of sliders. In August of 2018, when Cruz and O'Rourke were battling it out for Texas Senate supremacy, Cruz's spokesperson called his opponent a "Triple Meat Whataburger liberal who is out of touch with Texas values." Huh? Desperate fans have even go so far as launching numerous petitions, begging the company to come to their slider-free part of the country. burgers and sliders. '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. (The Impossible has now gone nationwide and speaking from personal experience, it doesn't taste identical to the original beef hamburger, but it is very good and has a nice smokey flavor.). Ingram was forced to not only mass-market his new concept, but to do so against the cultural headwinds of the time. Vegan-friendly dishes might not be an uncommon addition to the menus of many sit-down restaurants, but the fast food industry has been a little slower to adapt to this growing market. In 1921, Billy Ingram launched a family-owned business with $700 and an idea, selling five-cent, small, square hamburgers so easy to eat, they were dubbed Sliders and sold by the sack. As McDonald's and other burger franchises dominate the American landscape, White Castle with approximately 375 locations in 14 states, remains a modest . As a member of the family that owns the multi-million-dollar White Castle chain, Ingram probably has a significant share of the company's net worth. People looked at hamburgers as being greasy health hazards on par with eating arsenic. Ingram then moved the company's headquarters to Columbus, Ohio so as to be more centrally located near the new restaurants that were being built in the east. Yet, price changes were inevitable. As White Castle celebrates its 100th anniversary in 2021, the Ingram-White Castle . Starting this year and going forward, Ingram said, White Castle will give team members time to exercise their right to vote in presidential elections. Distributing Plant in Vandalia, Ohio, on April 30, 2014. . Billy . White Castle is holding its own. Frozen sliders are in grocery stores across the country along with White Castle mustard and coffee. White Castle originated in Wichita. For more information about White Castle promo codes, reach out to your local store or . He invested $700, they formed White Castle and they opened their first eatery together in 1921 on Main Street in Wichita. By the '80s, White Castle prices had risen almost threefold, with a burger selling for 27 cents. COLUMBUS, Ohio, May 27, 2021 /PRNewswire/ -- In celebration of its 100 th birthday, White Castle held a virtual Birthday Bash last night for Craver fans everywhere. Original Location: 201 N. Main, Wichita, Kansas Founded: May 19, 1921 Founded By: Walter Anderson (and Billy Ingram) Biography Articles:. Billy became really intrigued by this idea of the hamburger sandwich. Elizabeth Ingram Net Worth Elizabeth Ingram biography. ", The first White Castle location. Billy bought out Anderson in 1933 and moved the operation to Columbus a year later. It remains privately held today, and its restaurants, all in the U.S., are all company owned; none is franchised. Opinions expressed by Forbes Contributors are their own. American businessman Dave Rife has an estimated net worth of $100 million in 2012. White Castle has survived in the fast food industry for nearly 100 years. Columbus, Ohio Area. Its revenue in 2018 rose 1.6%. Ingram makes $188,280 a year in her second job as an independent director for M/I Homes, a public homebuilding company, according toWallmine. Among some of the more famous names who can claim membership are the creators and actors of Harold & Kumar Go to White Castle and shock rocker Alice Cooper who has loved the burgers since his childhood days in Detroit. White Castle hamburger Sliders move down a conveyor belt before being frozen, packaged and shipped to grocery stores at the new White Castle Co. Mutual Fund and ETF data provided by Refinitiv Lipper. Kessman was a frequent customer of White Castle for 50 years, but the diet of sliders eventually caused him to become so overweight that he could no longer wedge himself into his local Nanuet, New York, White Castle booth. But most of its revenue growth derives from the products it sells in supermarkets, whose sales rose 23% last year. "I am not only in the Rock & Roll Hall of Fame, but Im also in the White Castle Cravers Hall of Fame," Cooper boasted to Fox News Digital. Why? The fourth White Castle, with the now familiar castle motif, in Wichita. The picture shown here may be "number 4," but it was the first white castle White Castle in the business; the other three were later remodeled after this location. Billy Ingram passed stewardship of White Castle along to his son E.W. Behold, the Impossible slider! He completely righted the ship with quality standards, cleanliness and all of it out in the open. Ingram's great grandfather, E.W. the Ingram-White Castle Foundation will be awarding $100,000 in scholarships to team members and their dependents. For 43 years, Bill Ingham has been CEO of one of America's most iconic burger chains, one of just three bosses to take charge of the company since it began in Kansas 1921. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. It probably didn't hurt though that his manager is friends with the company's CEO Bill Ingram. White Castle CMO, Kim Bartley hasn't released any official sales numbers, but said the test market more than doubled its goals thanks largely to social media buzz. a White Castle wholly owned subsidiary originally founded as a way to prefabricate the chain's stores, specializes in manufacturing stainless steel fixtures and equipment not only for White Castle but for a . 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. Bill Ingram helped start the company's successful consumer packaged goods business in 1986, which supplies grocery stores all over the United States. Walter Anderson and Edgar Waldo "Billy" Ingram, Sr., formed the White Castle System of Eating Houses Corporation in Wichita, Kansas, in 1921. It probably didn't hurt that the company had Impossible launch parties with celebrities like Questlove and the Wu-Tang Clan. The chain currently has just under 400 locations. According to data by Foursquare that looked at the eating habits during the prime muchie hours of 10 p.m. and 4 a.m., White Castle came out on top when compared with eight other fast food restaurants. His son - Lisa's dad, Bill (E.W. (Courtesy White Castle). Any team member who encounters an unexpected hardship can apply for a confidential relief grant of up to $1,500. White Castle made rock icon Alice Cooper a throne of White Castle burgers to celebrate his ascension into the brand's Cravers Hall of Fame. While it might have sounded like bizarre fraternity hazing ritual, med student Bernard Flesche kept a journal of his burger and water diet, eating 20 to 24 of the small hamburgers a day. Our focus is still on great value. White Castle continued to expand and innovate. Following Frist at No. The company is slowly changing. It was back in 1921 when Billy Ingram took out a $700 loan and, with friend Walt Anderson, opened a shack in Wichita, Kans. 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. 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. Americans are expected to spend $330 billion on fast food in 2022. The Ingram-White Castle Foundation established its scholarship in 1989 to honor founder Billy Ingram's core belief in the importance of . The price has certainly changed since 1921 and over the years so did the cooking process. "Yep. Fast-food founder Ingram inspired a cult phenomenon, in addition to an industry. That said, the chain's total workforce is about 10,000, per Owler, so a small percentage of the entire workforce has experienced this level of upward mobility. But only one was the first. Long before there was a McDonalds, Burger King or Wendys, customers feasted on the burgers prepared by White Castle. Please only use it for a guidance and White Castle (restaurant)'s actual income may vary a lot from the dollar amount shown above. Richardson: We opened three including a large location in Scottsdale, Arizona, our first in that state. White Castle turned 100 years old last week. White Tower, Royal Castle, '' his scathing novel of the sandwich. 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