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Random fact: Transforming downtown Detroit through District Detroit project.

Overview

Ilitch co-founded Little Caesars, the third largest pizza chain in the U.S. The Detroit-based company had more than 3,600 outlets and retail sales of $3.9 billion in 2016. She shared the business with her husband, Michael, who died in February 2017. The family also owns Detroit's Motor City Casino, Tigers and Red Wings, as well as Olympia Entertainment.

As of May 24, 2017:
Last change ()
YTD change ()
Industry Food & Beverage
Biggest asset N/A
Citizenship United States
Age 83
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

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Net Worth Summary

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Biography

Birthdate: 1933
Family: Widowed, 7 children

Born in Dearborn, Michigan, Ilitch started out in the food business as a young girl working at her father's restaurant. After graduating from Fordson High School, she attended Dearborn Community College where she studied liberal arts.

Ilitch met her husband, Michael, on a blind date set up by Michael's father. Months later, the two got married. In 1959, Marian and Michael Ilitch invested their life savings of $10,000 in their first pizza store in Garden City, Michigan. The company grew to be the third-largest pizza chain in the U.S. based on the number of restaurants and total sales.

The Ilitch family has donated millions of dollars to philanthropic organizations and founded the Ilitch Charities in 2000.

Milestones
  • 1933 Marian Ilitch is born in Dearborn, Michigan, to Macedonian immigrants.
  • 1954 Marries her late husband and co-founder, Mike Ilitch.
  • 1959 Marian and Michael invest their life savings into their first pizza store.
  • 1962 First Little Caesars franchise opens in Warren, Michigan.
  • 1982 Purchases the Detroit Red Wings with her late husband, Michael Ilitch, in 1982.
  • 2000 Family launches Ilitch Charities.
  • 2005 Becomes sole owner of MotorCity Casino in Detroit, Michigan.
  • 2016 Little Caesars lands a naming rights deal with a new Detroit sporting venue.