Rank #3335
Dick Portillo
Net worth $1.0B
Real estate, restaurants · United States
- Born
- Oct 28, 1939
- Age
- 86
- Source
- Real estate, restaurants
- Residence
- Naples, Florida
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
Net worth over time
Biography
- Richard "Dick" Portillo is the founder of fast-casual restaurant chain Portillo's, known for its Chicago-style hot dogs and Italian beef sandwiches.
- He started out with a hot dog stand in the Chicago suburb of Villa Park in 1963, spending his and his wife Sharon's life savings of $1,100 to start the business.
- After growing the business to about $300 million in revenues and 38 locations in four states, he sold it to private equity firm Berkshire Partners for nearly $1 billion in 2014.
- He's since built a real estate empire including 24 Portillo's locations and commissaries, suburban strip malls in Chicago, industrial properties in Indianapolis and apartments in Houston.
- Portillo is also the majority owner of the Boathouse at Disney Springs in Florida, America's third-highest-grossing independent restaurant.
- Portillo owns a yacht named "Top Dog."
- A World War II buff, Portillo filmed a documentary searching for the plane wreckage of Japanese Admiral Isoroku Yamamoto, the architect of the Pearl Harbor attack.