Joe Rogers Jr
$1.7B
Born
Dec 02, 1946
Age
79
Source of Wealth
Waffle House
Residence
Atlanta, Georgia
Citizenship
United States
Marital Status
Married
Children
0
Education
- Joe Rogers Jr. is the longtime chairman of Waffle House and the son of one of the 24-hour breakfast chain's cofounders.
- There are now 2,100 locations in 25 states and estimated annual revenue of over $1 billion.
- He was 26 in 1973 when he took the helm of the chain, which had two family ownership groups, mounting debt and control of only 30% of the locations.
- Rogers consolidated ownership within his family, which now has a controlling share, while ending the company's reliance on debt.
- Rogers also created an employee ownership plan that now provides 3,500 workers (mostly hourly) with a piece of the business.
- Rogers made a point of keeping his diners defiantly open in the face of calamity and showed up in Charleston in 1989 to pour coffee after Hurricane Hugo hit.
- In March 2020, the Waffle House index flashed red as sales dropped 70%, 20% of locations closed and thousands of workers were furloughed.
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