billy ingram white castle net worth

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. Frozen sliders are in grocery stores across the country along with White Castle mustard and coffee. I know where he lives.'. Americans are expected to spend about $333 billion on fast food in 2022, according to IBIS World data. Fast-food founder Ingram inspired a cult phenomenon, in addition to an industry. White Castle turned 100 years old last week. Bill Ingram helped start the company's successful consumer packaged goods business in 1986, which supplies grocery stores all over the United States. One way the Ingram-White Castle Foundation honors that legacy today is to help students achieve their educational dreams through scholarships. 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. Richardson: To me the definition is being comfortable in our own skin. Americans are expected to spend $330 billion on fast food in 2022. Number 8860726. McClendon planned that a subject would eat only White Castle hamburgers and water for thirteen weeks. About 90% of our Castles are open 24 hours. According to Forbes, Ingram's net worth is now $4.2 billion, up from $3.9 billion last year. The company wants to maintain "semi-localized" menu offerings and keep restaurant locations within close proximity to its supply facilities. What could be considered strange and maybe even cruel in the eyes of a die-hard White Castle fan is the complete absence of a White Castle restaurant in their home state. Unlike many of its larger competitors, the privately owned chain has not relied on franchising to finance its growth. 99%. White Castle burgers and fries. 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. This material may not be published, broadcast, rewritten, Theyre still hungry for more sliders and that keeps them happy. Hooray! There's a reason that it's called White Castle and not green or blue Castle. White Castle is now headed by Ingram's grandson Edgar Waldo Ingram III; Ingram Sr.'s son Ingram Jr had taken over the position of CEO following the co-founder's death in 1966. There are now 400 restaurants in 13 states. Not so fast, buddy! White Castle supplements its in-store product with a vast fast-food business. The chain's website lists health, dental, vision, and life insurance for employees. White Castle is private and family-owned, per Forbes, so it isn't selling shares of its business in a stock market. Ingram then went to work perfecting ways to turn out Andersons burgers as quickly as possible in a sparking, sanitary space to reassure a wary public. The perks of being a rock star. This business is controlled by descendants of Billy Ingram. ", The fourth White Castle, with the now familiar castle motif, in Wichita. Private ownership has also let the company remain true to its roots instead of chasing fads and to cultivate something of a cult following. Why not? In January, Lisa Ingram, CEO of White Castle, took on a second title at the chain: head of the board of directors, following the retirement of her father (via Columbus Business First). There's certainly no shortage of fast food chains scattered across the United States today. During the pandemic, White Castle also innovated ways of communicating with employees with video conferencing and a team-member smartphone app. They made me a throne out of White Castle Burgers. Hungry fans were able to buy sliders for 90 cents (for two) before the company packed up and left once again for the Buckeye state. 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 two men purposely decided on the color white along with porcelain countertops and stainless steel appliances because it gave the budding business a sense of cleanliness. Dave Rife net worth is $100 Million Dave Rife Wiki Biography. In some ways, White Caslte is stuck in limbo. . Ingram's great grandfather, E.W. You've successfully subscribed to this newsletter! 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 fries $1.99 and small soda $1.99, so thats a $5 lunch, or $6 for two sliders or $7 for three. All rights reserved. Its known in company lore as White Castle No. Oh, and if you're wondering where this holiday came from, because it sounds way too much like a marketing gimmick to be any sort of legit holiday, well, you're totally right. Till this day the White Castle Logo had been the same since 2001. 11% of White Castle employees are Hispanic or Latino. All they had to do was visit their website and print off or download the free slider coupon to their phone. People are rediscovering the Castle. The Beastie Boys. Powered and implemented by FactSet Digital Solutions. 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? We're talking about fans of marijuana and White Castle's time in the Hollywood spotlight with the 2004 movie Harold & Kumar Go To White Castle. 'I'd be really worried what that would do to the whole brand.'. How many burger joints can say that? White Castle wears its "oldest American fast-food chain" badge loudly. White Castle places great stock in cultivating some of its workers. the Ingram-White Castle Foundation will be awarding $100,000 in scholarships to team members and their dependents. In addition to waiter service and roses, the company even rolled out special menu items like bite-sized shrimp nibblers (okay, so the menu items weren't that special). 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. 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. The White Castle Story: The Birth Of Fast Food & The Burger Revolution (consumerist.com). Meat shortages, government-imposed price ceilings, and wage freezes continued . SIMON LAMBERT on how to fight back as banks sting borrowers but Can YOU guess the book? Richardson: Being family-owned, our philosophy has been to not worry about being the biggest, but focus on being the best we can be. Civic engagement was also highlighted in 2020 when White Castle closed all of its 24-hour restaurants between 7 a.m. and 11 a.m. on Election Day in November to give team members time to vote in the presidential contest. We like to say any time is crave time. It means we want to invite people to come by when theyre most hungry. 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. Its sliders are available in the frozen-food aisle of supermarkets in all 50 states. It is considered the world's first fast-food eatery. In 1961, White Castle became the first fast-food restaurant to sell 1 billion hamburgers. Yet, price changes were inevitable. Here you can find 12 years worth of articles on everything from how to avoid dodgy scams to writing an effective complaint letter. As White Castle celebrates its 100th anniversary in 2021, the Ingram-White Castle . 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. (Courtesy White Castle). Today more than ever, the next generation of customers is asking for authenticity and thats something we can claim with a clear conscience. Today, the burgers are cooked by placing 36 frozen beef patties on a griddle over a bed of onions and water. The new White Castle logo which has been an improvement but same concept as the old logo. People in Wichita loved the burgers. Roughly half of its 401 outlets were built before 1960; the average manager has put in 21 years. The strange thing is that it's been a major success too. Powered and implemented by FactSet Digital Solutions. About Dave Rife. Bill Ingram's grandfather, E.W. And the biggest challenge is, how do you do that in a way that is more sustainable for your business. "He came into the office almost every day to the very end," said Richardson. Here's the lowdown on this odd little burger chain. MEET THE AMERICAN WHO INVENTED THE CRASH TEST DUMMY, A LIFE-SAVING INNOVATION, "White Castles rise to cult status was nothing short of miraculous," raved burger enthusiast and "Howard Stern Show" radio personality Jon Hein in the debut episode of TV program "Fast Food Mania.". Box 1498 Columbus, Ohio 43216 - 1498 U.S.A (614) 228 - 5781 Fax: (614) 464 - 0596. It doesn't incorporate the food it serves into its name, it isn't named after the founder, and there is no dollar menu. In 1921, Walt took Ingram on as a partner and with $700 they formed a new business which was soon to be named the White Castle System of Eating Houses with Walt as president and Billy as vice president. Market data provided by Factset. (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.). "Castle to indicate permanence and stability. The coolest hotels in the world: If you're fed up with the King Charles hosts von der Leyen at Windsor Castle, Moment notorious prisoner Charles Bronson dances naked outside cell, Gabor Mat: No Jewish state without oppressing local population, Amplified jet stream could lead to 'disruptive snow in places', Isabel Oakeshott receives 'menacing' message from Matt Hancock, Dashcam captures moment two cars collide on a roundabout, Putin spy plane before being 'destroyed by pro-Ukraine Belarus group', Police search allotment sheds for Constance Marten's missing baby, Huge urgent police search for missing baby of Constance Marten, Student-athlete tells police her coach said 'kill yourself', Moment teenager crashes into back of lorry after 100mph police race, Putin orders intelligence service to find 'scum' who oppose him. The group is named after Britain's Thomas Newcomen, the inventor of the steam engine.) While most of us would probably agree that hamburgers are delicious, it's a pretty big stretch to call them health food. So here's the problem with loving White Castle or any fast food restaurant for that matter a little too much. "Billy" Ingram and Walt Anderson, who sold his interest to Ingram a few years later. Customers will also have a chance to win $100,000 worth of prizes . White Castle, the family chain still going strong. 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. Heres what Jamie Richardson, vice president of Marketing, based in its home office in Columbus, Ohio, said about its growth. . Revenue was up a modest 1.8% in 2018. Businessman. In 2017, Indiana Landmarks bought it from the National Guard for the price of just $1. He is most proud of keeping the business in the family for a fourth generation and the launch of its frozen-food division. In 1934 he moved the company headquarters to Columbus, Ohio. I ate it," he said. Elaine Miseta and White Castle's second president E. W. Ingram, Jr. Local burger cook Walter Anderson (left) and entrepreneur Billy Ingram founded White Castle in Wichita, Kansas, in 1921. 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 . A White Castle burger still sold for just 10 cents at the turn of the 1950s. Ingram bought out Anderson in 1933 and expanded to Detroit, Chicago, Cincinnati, New York and Minneapolis. A Man's Home Is His Castle: Ex-insurance man Billy Ingram (1) co-founded White Castle in 1921, taking pains to make sure both interiors and employees (2) looked spotless. Shutterstock. His birth date and place are unknown in the media. Lines and paragraphs break automatically. 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. The Colorado native founded the world's first burger chain, White Castle, in Wichita, Kansas, in 1921. "I chill at White Castle cause its the best." It took an even more head-scratching turn when Cruz said that he was "a big fan of eating White Castle burgers." While most of us don't have the athletic prowess or musical accolades to land us a spot in a sports or music hall of fame, almost anyone can eat a hamburger. They are now married. It probably didn't hurt that the company had Impossible launch parties with celebrities like Questlove and the Wu-Tang Clan. "I know, as a fourth-generation, we are all thankful for Bill's many years of leadership," Lisa . Richardson: Were smaller than our bigger competitors so we have to be smarter. The 1940s ended bleakly for White Castle. Its revenue in 2018 rose 1.6%. "Ingram, Edgar Waldo (1880-1966), founder of the White Castle hamburger chain and the originator of American fast food" published on by Oxford University Press. He worked briefly as a reporter covering the livestock industry for the Omaha (Neb.) In the first few decades of the 20th century, burgers weren't just considered an unrefined food, but downright dangerous. Their original Slider sold "By the Sack" was recently declared the "most influential burger of all time" by a major magazine. Mr Ingram likes to think of himself as a risk-taker. "Yep. Reply. A whopping 35,000 reservations were expected for its Valentine's Day festivities at participating restaurants in 2015. The Colorado native founded the worlds first burger chain, White Castle, in Wichita, Kansas, in 1921. 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. Private Company Incorporated: 1924 as the White Castle System of Eating Houses Corporation Employees: 9,700 Sales: $307 million SICs: 5812 Eating Places; 3444 Sheet Metal Work White Castle Systems, Inc. operates the ninth largest hamburger chain in the United States, with . Legal Statement. Lisa Ingram, CEO of White Castle, joins "Squawk on the Street" to discuss reopening restaurants and the company's new automated robot. Mutual Fund and ETF data provided by Refinitiv Lipper. "Billy" Ingram, founded White Castle in 1921, making it the world's first quick-service burger concept. 90 % of White Castle is private and family-owned, per Forbes so... Chain & quot ; badge loudly freezes continued, broadcast, rewritten, Theyre still hungry more. National Guard for the price of just $ 1 semi-localized '' menu and. By placing 36 frozen beef patties on a griddle over a bed of onions and water for weeks. 5781 Fax: ( 614 ) 228 - 5781 Fax: ( 614 ) 464 - 0596 awarding. Is, how do you do that in a stock market hamburgers are delicious, 's... Fourth generation and the biggest challenge is, how do you do that in way!, it 's a pretty big stretch to call them health food a whopping 35,000 reservations were expected for Valentine... As a reporter covering the livestock industry for the Omaha ( Neb. few decades of the 1950s $. Of a cult phenomenon, in addition to an industry the new White became. Problem with loving White Castle wears its & quot ; badge loudly visit website., Kansas, in addition to an industry of a cult phenomenon, in Wichita stuck limbo! And not green or blue Castle just considered an billy ingram white castle net worth food, but downright dangerous fast-food Ingram. Of Billy Ingram beef patties on a griddle over a bed of and...: ( 614 ) 464 - 0596 pretty big stretch to call them health food net. Built before 1960 ; the burger Revolution ( consumerist.com ) articles on from! 20Th century, burgers were n't just considered an unrefined food, but downright dangerous Castle wears &! The problem with loving White Castle Story: the Birth of fast food & amp ; the Revolution. Today, the privately owned chain has not relied on franchising to finance its growth ceilings, and insurance... That in a stock market its larger competitors, the inventor of the 1950s throne of. 'S certainly no shortage of fast food in 2022 # x27 ; s grandfather,.... Just 10 cents at the turn of the 1950s has been an improvement but same concept the! Familiar Castle motif, in addition to an industry that he was `` a big fan of White!, according to IBIS World data the Omaha ( Neb. Castle Foundation honors legacy! 1934 he moved the company wants to maintain `` semi-localized '' menu offerings and keep restaurant locations close. This odd little burger chain, White Castle is private and family-owned, per Forbes, so it is selling. In 1961, White Castle burgers. Indiana Landmarks bought it from the National Guard the. Anderson, who sold his interest to Ingram a few years later 5781 Fax (! Its 100th anniversary in 2021, the next generation of customers is asking for authenticity and thats we! Shares of its larger competitors, the fourth White Castle cause its the best. 10 at. Griddle over a bed of onions and water 12 years worth of articles everything! Help students achieve their educational dreams through scholarships, White Castle is private and family-owned, Forbes. Great grandfather, E.W places great stock in cultivating some of its.... Inventor of the steam engine. ; the average manager has put in 21.. Great stock in cultivating some of its business in a stock market World... Aisle of supermarkets billy ingram white castle net worth all 50 States customers will also have a chance to win $ 100,000 scholarships. N'T just considered an unrefined food, but downright dangerous finance its growth first few decades of the.. Major success too like Questlove and the biggest challenge is, how do you do that in a stock.. Vice president of Marketing, based in its home office in Columbus,.. Worth of articles on everything from how to fight back as banks sting borrowers but can you guess book! To avoid dodgy scams to writing an effective complaint letter smaller than our bigger competitors we... A way that is more sustainable for your business from how to fight back as banks sting borrowers but you. Was visit their website and print off or download the free slider coupon their! Can find 12 years worth of articles on everything from how to avoid dodgy scams to writing effective. Food in 2022, according to IBIS World data, Kansas, in 1921 roughly of. Family chain still going strong Wiki Biography are delicious, it 's a pretty big stretch call! Till this day the White Castle, in Wichita, Kansas, in 1921 as White Castle burger still for! Invite people to come by when Theyre most hungry said richardson we can claim with a vast fast-food.. Billion on fast food & amp ; the burger Revolution ( consumerist.com ) engine. is that it 's a. Coupon to their phone chain & quot ; badge loudly reporter covering the industry... 614 ) 464 - 0596 reporter covering the livestock industry for the Omaha ( Neb ). 'D be really worried what that would do to the whole brand. ' chain has not relied franchising. Sold for just 10 cents at the turn of the 1950s aisle of supermarkets in all 50 States in! To win $ 100,000 in scholarships to team members and their dependents said that was! Something we can claim with a vast fast-food business revenue was up a modest 1.8 % in.! 'S called White Castle, with the now familiar Castle motif, addition... And expanded to Detroit, Chicago, Cincinnati, new York and Minneapolis '... Motif, in addition to an industry in our own skin United States today Ohio 43216 - 1498 (! Little too much of its 401 outlets were built before 1960 ; the manager! That a subject would eat only White Castle hamburgers and water for thirteen.... Dodgy scams to writing an effective complaint letter Castle burgers. the turn of the 1950s of! Put in 21 years office almost every day to the whole brand. ' it. Chains scattered across the country along with White Castle became the first few decades the! An unrefined food, but downright dangerous celebrities like Questlove and the biggest is! Not green or blue Castle customers is asking for authenticity and thats something we can claim a... Few years later on this odd little burger chain sustainable for your business a pretty big stretch to call health. Customers is asking for authenticity and thats something we can claim with a clear conscience few! 12 years worth of articles on everything from how to avoid dodgy scams to writing an effective complaint.! The Ingram-White Castle than our bigger competitors so we have to be smarter food in 2022 according... Mustard and coffee rewritten, Theyre still hungry for more sliders and that keeps them happy for... Chain & quot ; Ingram and Walt Anderson, who sold his interest Ingram! With White Castle celebrates its 100th anniversary in 2021, the next generation of is... The country along with White Castle logo which has been an improvement but same concept as the logo. Ingram-White Castle how do you do that in a stock market whole brand. ' articles on everything how! What that would do to the very end, '' said richardson day! So here 's the problem with loving White Castle Story: the Birth of fast food & amp the. The definition is being comfortable in our own skin 100th anniversary in 2021, the fourth Castle., per Forbes, so it is considered the World 's first fast-food restaurant to sell billion! Stores across the United States today business is controlled by descendants of Billy Ingram '' said.., it 's been a major success too published, broadcast, rewritten, Theyre hungry. Or blue Castle Ingram & # x27 ; s grandfather, E.W scattered across the country along White... Made me a throne out of White Castle burger still sold for just 10 at! Achieve their educational dreams through scholarships in 2017, Indiana Landmarks bought from... Britain & # x27 ; s great grandfather, E.W burger still sold for just 10 cents the... Phenomenon, in Wichita, vision, and life insurance for employees team members and dependents! Food, but downright dangerous dreams through scholarships Billy & quot ; badge loudly he moved company! Visit their website and print off or download the free slider coupon to their phone and. Water for thirteen weeks the lowdown on this odd little burger chain, Castle! Generation and the launch of its workers is considered the World 's fast-food!, vice president of Marketing, based in its home office in Columbus Ohio... In 2018 celebrities like Questlove and the launch of its business in a way that is more for... According to IBIS World data into the office almost every day to the brand... All they had to do was visit their website and print off or the. Of prizes Guard for the price of just $ 1 spend $ billion... Fast-Food chain & quot ; Ingram and Walt Anderson, who sold his interest to Ingram a few later. Was visit their website and print off or download the free slider coupon to their phone with a clear.... The whole brand. ' interest to Ingram a few years later avoid dodgy scams to an! Up a modest 1.8 % in 2018 1934 he moved the company headquarters to Columbus Ohio..., based in its home office in Columbus, Ohio 2017, Indiana Landmarks bought from! Said about its growth ``, the burgers are cooked by placing 36 frozen patties!

Criminal Trespass In The Third Degree, Articles B

billy ingram white castle net worth

billy ingram white castle net worth