James John Liautaud (born January 12, 1964) is an American restaurateur , who is widely known as the founder and former chairman of Jimmy John's sandwich chain.
92-542: In October 2018, Liautaud was included in the Forbes list of the world's wealthiest people . In 2018, Forbes estimated Liautaud's documented wealth at $ 1.7 billion. Liautaud was born in Arlington Heights , Illinois on January 12, 1964. His father is James Liautaud , long-term entrepreneur, and his mother is Gina Gudaityte Liautaud. He was born the second of four siblings, with brothers Greg and Robby Liautaud and
184-517: A boycott of his business. Liautaud is married to Leslie Liautaud and has three children. Liautaud is an investor in wines and vineyards, at least one of which has been featured on the cover of Wine Spectator . He also owns thousands of acres of farmland in Central Illinois. Liautaud previously owned a superyacht named ROCK.IT , a 198-foot ship built with his input by Feadship in 2014. The ship, which can accommodate ten guests with
276-479: A mass transit district . The northern part of the county experienced an economic and demographic setback with the closing of Chanute Air Force Base in the 1990s. In the 2004 Presidential election, it was one of only 15 of the 102 Illinois counties where John Kerry received a majority of the vote (50.37%). The county is 27 miles wide (east–west) and 36 miles long (north–south). Its area is 998 square miles (2,580 km ), of which 996 square miles (2,580 km )
368-596: A Democratic presidential nominee, despite losing the presidential election. Republican Donald Trump had particularly poor showings in the county, receiving less than 40% of the vote in 2016, 2020, and 2024, his third-worst showing in the state and his worst outside the Chicago area. Here is a list of K–12 school districts with territory in the county, no matter how slight, even if the districts have their schools and/or administrative offices in other counties: K–12: Secondary: Elementary: University of Illinois lies in
460-457: A billionaire, Thor Bjorgolfsson , in the list after a gap of five years. Guatemala had a billionaire, Mario Lopez Estrada , for the first time in its history. Gates added $ 9 billion to his fortune since 2013 and topped the Forbes 2014 billionaire list. He had topped the list in 15 of the previous 20 years, but his previous number one ranking was in 2009. Mexican telecommunication mogul Carlos Slim came in second place after being number one
552-453: A business on the condition that if the business failed, he would enlist in the US Army . Although his father wanted him to enlist, he agreed to loan the money in exchange for a 48% stake in the business. Initially Jimmy John wanted to open a hot dog stand, but after visiting numerous such stands throughout the summer of 1982, he realized the $ 25,000 would not be enough for such a venture. After
644-602: A chance encounter at a sandwich shop, Jimmy John realized that he could open a sandwich shop within his available budget by purchasing premium meats at a neighborhood market and baking his own bread. With the help of his family as tasters, he decided to put four sandwiches on his original menu. On January 13, 1983, Jimmy John's Gourmet Sandwiches opened in Charleston, Illinois . Due to the poor location of his first store, Liautaud decided to include delivery of his sandwiches to boost sales. He began by bringing samples door-to-door to
736-633: A crew of 13, has been a finalist for a few yacht awards and has been featured in industry publications. Liautaud sold the yacht in June 2023. The World%27s Billionaires The World's Billionaires is an annual ranking of people who are billionaires , i.e., they are considered to have a net worth of US$ 1 billion or more, by the American business magazine Forbes . The list was first published in March 1987. The total net worth of each individual on
828-429: A family was $ 65,785. Males had a median income of $ 45,823 versus $ 35,321 for females. The per capita income for the county was $ 24,553. About 9.7% of families and 20.5% of the population were below the poverty line , including 20.2% of those under age 18 and 8.3% of those age 65 or over. The Champaign County Economic Development Corporation (CHCEDC) produced a 2009 County Demographic Profile which includes information on
920-475: A growing enthusiasm for all things social" since the 2010 list. However, Nigerian commodity mogul Aliko Dangote was the greatest gainer on a percentage basis as his fortune increased 557 percent to $ 13.5 billion. Mark Zuckerberg was one of seven Facebook-related billionaires on the list, as he added $ 9.5 billion to his net worth to move up to 52nd. Facebook co-founder Dustin Moskovitz was the youngest person on
1012-461: A high incidence of malaria before the late nineteenth century. The topography of Champaign County was formed by the Wisconsin glaciation about 20,000 years before the present. Lobes of ice from what is now Lake Michigan crossed the county, creating a deep pile of glacial soil, up to 300 feet thick, topped by numerous moraines forming small, flat watersheds with no outlets. Champaign County
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#17327972470881104-406: A mixture of the two. The United States had 492 billionaires on the list, the most of any country. It also had the most newcomers with 50, and women with 54. China had the second most billionaires with 152, while Russia was third with 111. Algeria , Lithuania , Tanzania , and Uganda were all represented on the list for the first time. Turkey saw the most people drop off the list, 19, due to
1196-457: A non-profit summer camp founded by musician Zac Brown , announced that the Liautauds had donated over $ 3.2 million to date to help build the camp's first residential lodge and fund ongoing operations. In non-summer months, the camp's facilities are used to support military veterans and their families transitioning back to civilian life. The Liautaud Family Foundation directed $ 1.291 million to
1288-408: A period of high inflation in the country. Carlos Slim topped the 2013 billionaire list, marking his fourth consecutive year at the top. Gates remained in second, while Amancio Ortega moved up to third. Ortega's gain of $ 19.5 billion was the largest of anyone on the list. Warren Buffett failed to make the top three for the first time since 2000, placing fourth. Diesel founder Renzo Rosso was among
1380-459: A record 1,826 billionaires were named with an aggregated net worth of $ 7.1 trillion compared to $ 6.4 trillion in the previous year. 46 of the billionaires in this list were under the age of 40. A record number of 290 people joined the list for the first time, of whom 25 percent hailed from China, which produced a world-leading 71 newcomers. The United States came in second, with 57; followed by India, with 28; and Germany, with 23. The United States had
1472-658: A record high of 109 °F (43 °C) was recorded in July 1954. Average monthly precipitation ranged from 1.90 inches (48 mm) in January to 4.80 inches (122 mm) in May. As of the 2010 census , there were 201,081 people, 80,665 households, and 42,737 families residing in the county. The population density was 201.8 inhabitants per square mile (77.9/km ). There were 87,569 housing units at an average density of 87.9 per square mile (33.9/km ). The racial makeup of
1564-454: A result, he failed to make the top 10 for the first time since 2004 and lost his title of richest Asian to Hong Kong's Li Ka-shing . A record total of 1,226 people made the 2012 list, representing 58 countries. Of those, 126 were newcomers to the list and 104 were women. The United States had the greatest number of billionaires with 425. Russia had 96 people on the list, while China had 95. Georgia, Morocco , and Peru were newly represented on
1656-518: A sister Lara Liautaud Berry. He attended high school at Elgin Academy , a private prep school in Elgin, Illinois, where he became close with and was influenced by the dean, James Lyons. He studied at Eastern Illinois University , but left after one semester to grow his up-and-coming restaurant business. After Liautaud graduated from high school in 1982, his father offered him a loan of $ 25,000 to open
1748-423: Is 405. Bill Gates was named the richest man in the world by Forbes ' annual list of the world's billionaires. This was the 16th time that the founder of Microsoft claimed the top spot. Carlos Slim came in second for the second consecutive time. Warren Buffett of Berkshire Hathaway placed third, while Amancio Ortega of Spain, slipped down a position from the previous year to number four. Larry Ellison ,
1840-734: Is also served by the City of New Orleans , which operates once daily between Chicago and New Orleans . Amtrak passenger trains in Champaign County use the former Illinois Central mainline, which is owned by the Canadian National Railway and also used by freight trains. The Norfolk Southern Railway operates two branch lines in Champaign County: the Mansfield Line from Urbana to Mansfield and
1932-520: Is an avid hunter and fisherman. In an interview in 2015 with the Chicago Tribune , Liautaud said that the largest misconception about him is that people still connect him to photos of him posing with big game from 10 years ago. According to Liautaud, he used to hunt big game in Africa on legally organized safaris , but he no longer does. Starting in 2015, his hunting prompted people to call for
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#17327972470882024-508: Is land and 2.1 square miles (5.4 km ) (0.2%) is water. It is the fifth-largest county in Illinois by land area. Because Champaign County is situated on a large and very flat plateau , it had virtually no natural drainage, so that much of the County consisted of wetlands until drainage ditches were built, beginning in the 1870s. This was an example of an upland marsh , which resulted in
2116-420: Is over a $ 1 billion (his or her net worth will not be combined with family members'). Royal families and dictators that have their wealth contingent on a position are always excluded from these lists. The rankings are published annually in March, so the net worths listed are snapshots taken at that time. These lists only show the top 10 wealthiest billionaires for each year. The 38th annual Forbes list of
2208-509: Is situated on the divide between the Ohio and Mississippi Rivers . Rivers flow out of Champaign County to the east, west, and south. The Kaskaskia River has its origin to the northwest of Champaign , draining the western side of that City. The Kaskaskia flows toward the southwest, joining the Mississippi south of St. Louis , Missouri . The Embarras River , on the other hand, drains
2300-460: Is the 17th time that the founder of Microsoft had claimed the top spot. Amancio Ortega rose from last year's position of number four to second. Warren Buffett of Berkshire Hathaway came in third for the second consecutive time, while Mexican telecommunication mogul Carlos Slim slipped from last year's second position to fourth. Jeff Bezos of Amazon , Mark Zuckerberg of Facebook and Michael Bloomberg of Bloomberg L.P. , appeared for
2392-855: The Boneyard Creek , which flows into the Saline Branch , a tributary of the Vermilion and Wabash rivers. The following public-use airports are located in the county: There are two train stations in Champaign County: The Illinois Terminal in downtown Champaign and Rantoul station in Rantoul. Both stations are served by the Amtrak Illini and Saluki trains, which operate once daily between Chicago and Carbondale . The Illinois Terminal
2484-455: The real estate bubble created a total of nearly $ 5 trillion in 2005, contributing to economic growth worldwide. The net worth of 2005's 691 billionaires was $ 2.2 trillion. More than half of them had self-made fortunes. The founders of Google , Sergey Brin and Larry Page , became billionaires at age 30. * Each hold an essentially equal share in Walmart . Oprah Winfrey became
2576-444: The 2010 list, including Finland and Pakistan which claimed their first billionaires. Eighty-nine women made the list, but only 14 of them were self-made. The combined net worth of the list was $ 3.6 trillion, up 50 percent from 2009's $ 2.4 trillion, while the average net worth was $ 3.5 billion. The 2010 list featured 164 re-entries and 97 true newcomers. Asia accounted for more than 100 of the new entrants. Overall, just 12 percent of
2668-466: The 2012 list, marking this third consecutive year at the top. Gates placed second but narrowed the gap from 2011 as Slim's fortune fell $ 5 billion while Gates' rose $ 5 billion. Warren Buffett remained in third place. Bernard Arnault of France was the top-ranking European on the list, placing fourth. Ricardo Salinas Pliego was the greatest gainer in terms of dollars, adding $ 9.2 billion to his fortune and moving up to number 37 overall. Making her debut on
2760-469: The 2013 list, representing $ 5.4 trillion of assets. Of those, 442 billionaires hailed from the United States. The Asian-Pacific region had 386 billionaires and Europe 366. The list also featured a record number of newcomers, 210, representing 42 countries. 60 people from the 2012 list fell below a billion dollars of assets in 2013, and eight others from the 2012 list died. The Asia-Pacific region had
2852-400: The 2014 billionaire list, representing a combined wealth of $ 6.4 trillion. Of those, a record 268 were newcomers, surpassing 2008's 226 newcomers. 100 people listed in 2013 failed to make the list. The number of women on the list rose to a record 172 in 2014. Approximately 66 percent of the list were self-made, 13 percent achieved their wealth through inheritance alone, and 21 percent through
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2944-478: The 34th annual Forbes list of the world's billionaires, the list included 2,095 billionaires with a total net wealth of $ 8 trillion, down 58 members and $ 700 billion from 2019; 51% of these billionaires had less wealth than they possessed last year. The list was finalized as of 18 March, thus was already partially influenced by the COVID-19 pandemic . In the 33rd annual Forbes list of the world's billionaires,
3036-416: The 36th annual Forbes list of the world's billionaires, the list included 2,668 billionaires with a total net wealth of $ 12.7 trillion, down 97 members from 2021. In the 35th annual Forbes list of the world's billionaires, the list included 2,755 billionaires with a total net wealth of $ 13.1 trillion, up 660 members from 2020; 86% of these billionaires had more wealth than they possessed last year. In
3128-415: The 37th annual Forbes list of the world's billionaires, the list included 2,640 billionaires with a total net wealth of $ 12.2 trillion, down 28 members and $ 500 billion from 2022. Over half of the list is less wealthy compared to the previous year, including Elon Musk , who fell from No. 1 to No. 2. The list also marks for the first time a French citizen was in the top position as well as a non-American for
3220-651: The Horatio Alger Association to support scholarships for underprivileged students in 2019. Liautaud partnered with his father to create with an endowment gift of $ 5 million, the Liautaud Graduate School of Business at the University of Illinois-Chicago. The Liautauds donated $ 1 million to Chicago's Youth Guidance Becoming a Man program, which helps disadvantaged young men learn how to handle tough life challenges and give them
3312-758: The Lafayette District from Decatur to Peru, Indiana . Canadian National also operates branch lines from Champaign to Seymour and Rantoul to Dewey . Traffic on the branch lines is limited and consists primarily of freight. Amtrak , Greyhound , and Peoria Charter operate intercity buses from Champaign–Urbana to Chicago, St. Louis , Indianapolis , and other destinations. The Champaign–Urbana Mass Transit District operates public city buses in Champaign, Urbana, and Savoy. Champaign County Area Rural Transit System (C-CARTS) provides on-demand transportation services for those living in rural areas of
3404-664: The Lurie Children's Hospital of Chicago, the Goodman Theater, and the Detroit Symphony. Together with his spouse, Liautaud contributed $ 212,000 to Donald Trump 's 2020 presidential campaign . He has also contributed to the legal defense fund of Rudy Giuliani. Liautaud is a member of the University of Illinois at Chicago's Chicago Area Entrepreneurship Hall of Fame. In 2003, he was named to Chicago's "40 Under 40" by Crain's Chicago Business. In 2004, he
3496-417: The U.S.; there were 56 people under 40 and it had a record of 227 women. The number of billionaires increased 13% to 2,043 from 1,810 in 2016; this was the biggest change in over 30 years of tracking billionaires globally. Added together, the total net worth for 2017's billionaires was US$ 7.67 trillion , up from US$ 7.1 trillion in 2015. This was the first time after 12 years that Carlos Slim
3588-432: The absence of accurate wealth estimations as a result of the 2017–19 Saudi Arabian purge . On the 30th anniversary of the Forbes list of the world's billionaires, for the fourth year in a row, Bill Gates was named the richest man in the world. In 2017, there was a record of 2,043 people on the list, which is the first time over 2,000 people were listed. This included 195 newcomers of whom 76 were from China and 25 from
3680-406: The age of 18 living with them, 39.7% were married couples living together, 9.9% had a female householder with no husband present, 47.0% were non-families, and 33.2% of all households were made up of individuals. The average household size was 2.29 and the average family size was 2.95. The median age was 28.9 years. The median income for a household in the county was $ 45,262 and the median income for
3772-431: The billionaire list for the first time. Slim saw his estimated worth surge $ 18.5 billion to $ 53.5 billion as shares of America Movil rose 35 percent. Gates' estimated wealth rose $ 13 billion to $ 53 billion, placing him second. Warren Buffett was third with $ 47 billion. Christy Walton was the highest-ranking woman, placing 12th overall, with an inherited fortune of $ 22.5 billion. At age 25, Mark Zuckerberg continued to be
Jimmy John Liautaud - Misplaced Pages Continue
3864-590: The commencement speech at his alma mater, now known as the Liautaud-Lyons Upper School, a program of Elgin Academy. In 2012, Liautaud was awarded the Nation's Restaurant News Golden Chain award for outstanding accomplishments that have benefited consumers in the food industry. In March 2017, he was named Franchise Times' "Dealmaker of the Year" for the deal that brought Roark Capital Group in as
3956-421: The company as part of the deal. As part of the agreement, Liautaud, as the company's founder and largest individual shareholder, continued as chairman of the board. In his 2018 book, Dick Portillo of Portillo's Restaurants called Liautaud his "good friend" and relayed that Liautaud tried to buy Portillo's before it was ultimately sold to Berkshire Partners. In September 2019, Roark's Inspire Brands announced it
4048-582: The company's new majority owner. Beth Ewen, FT's editor-in-chief called the deal "one of the best private equity deals of all time in the restaurant business." In December of that year, Liautaud was chosen to receive the Horatio Alger Award for 2018. The Horatio Alger Association of Distinguished Americans recognizes people who have overcome personal challenges to achieve personal and professional success. Liautaud has spoken at high schools; colleges and universities; and community spaces. Liautaud
4140-460: The condition that the building constructed using his donation bear not only his name, but also the name of the man who had been the dean of the school when Liautaud attended: James Lyons. In 2011, Liautaud and his wife pledged $ 1 million toward the construction of the new Champaign County YMCA. In July 2014, Liautaud donated $ 1 million to the Folds of Honor Foundation, an organization that supports
4232-411: The county was 73.4% white, 12.4% black or African American, 8.9% Asian, 0.3% American Indian, 0.1% Pacific islander, 2.2% from other races, and 2.7% from two or more races. Those of Hispanic or Latino origin made up 5.3% of the population. In terms of ancestry, 23.9% were German , 12.2% were Irish , 11.5% were American , and 8.9% were English . Of the 80,665 households, 25.8% had children under
4324-627: The county. C-CARTS also operates fixed-route local bus service in the village of Rantoul, along with an additional route connecting Rantoul to Champaign–Urbana. In August 2018, the Champaign County Board voted to approve solar farms on certain agricultural properties. Solar farms produce photovoltaic energy , which is energy produced by cells that generate electricity when they are hit by light. The board approved solar farms in AG-1 and AG-2 agricultural zoning districts. In order to make
4416-488: The expanding company. Weston Presidio bought a 33% stake in the company, and during the first year closed on over 100 real estate deals. In September 2016, Roark Capital Group agreed to purchase a majority stake in Liautaud's company, as Weston Presidio sold their minority investment after 10 years. Terms of the transaction were not immediately disclosed, though it was later clarified that Liautaud retained 35% ownership of
4508-556: The few Democratic bastions in central Illinois, and has become one of the most Democratic counties in downstate Illinois. Since 2004, it has given a majority of the vote to Democratic candidates due to the county's liberalism, as home to the University of Illinois Urbana-Champaign . This tracks closely with the strong Democratic trend in other counties influenced by college towns since the 1990s. The county's more rural precincts are still heavily Republican, however, they are overpowered by
4600-483: The figures and improve the estimate of an individual's holdings. Finally, positions in a publicly traded stock are priced to market on a date roughly a month before publication. Privately held companies are priced by the prevailing price-to-sales or price-to-earnings ratios. Known debt is subtracted from assets to get a final estimate of an individual's estimated worth in United States dollars. Since stock prices fluctuate rapidly, an individual's true wealth and ranking at
4692-663: The first French person to top the list. Each year, Forbes employs a team of over 50 reporters from a variety of countries to track the activity of the world's wealthiest individuals and sometimes groups or families – who share wealth. Preliminary surveys are sent to those who may qualify for the list. According to Forbes , they received three types of responses – some people try to inflate their wealth, others cooperate but leave out details, and some refuse to answer any questions. Business deals are then scrutinized and estimates of valuable assets – land, homes, vehicles, artwork, etc. – are made. Interviews are conducted to vet
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#17327972470884784-602: The first female African-American billionaire. * Each hold an essentially equal share in Walmart . As a result of the market crash caused by the Dot-com bubble , 83 billionaires dropped off the list from the previous year. * Each hold an essentially equal share in Walmart . In 2001, BET founder Robert L. Johnson became the first ever African-American billionaire. * Each hold an essentially equal share in Wal-Mart . Had he been alive in 2001, Sam Walton would have been
4876-501: The first time on the Forbes top 10 billionaires list, coming at fifth, sixth and eighth positions, respectively. Zuckerberg became the youngest top 10 billionaire this year at the age of 31. Larry Ellison , Charles Koch and David Koch also slipped from their previous year's positions, with Ellison dropping to seventh from fifth, and the Kochs falling to ninth position from sixth. In the 29th annual Forbes list of global billionaires,
4968-693: The first time since 2013 when the Mexican Carlos Slim Helu was the world's richest person. The list, like in 2022, counted 15 under 30 billionaires with the richest of them being Red Bull heir Mark Mateschitz with a net worth of $ 34.7 billion. The youngest of the lot were Clemente Del Vecchio, heir to the Luxottica fortune shared with his six siblings and stepmother, and Kim Jung-yang , whose fortune lies in Japanese-South Korean gaming giant Nexon , both under-20s. In
5060-440: The founder of Oracle , rounded off the top five. Christy Walton was the highest-ranking female at number eight. America's Evan Spiegel , co-founder of photo messaging app Snapchat , became the youngest billionaire this year at age 24. At age 99, David Rockefeller maintained his position as the oldest billionaire included in the list. Mark Zuckerberg , the founder of Facebook, rose to number 16 with $ 33.4 billion. Iceland had
5152-435: The franchised stores by a wide margin. Together with his partner, and now President & CEO, James North, he visited 70 of the poorest-performing stores. After 18 months of getting the stores “back to basics” and instilling in them “some of that initial spark”, he was able to help the stores become more profitable. In January 2007, Liautaud selected Weston Presidio , a private-equity firm, to help acquire better locations for
5244-453: The largest number of billionaires with 526. Russia went down to 88 from 111 in 2014. Russia was placed behind China , Germany and India by the number of billionaires. Self-made billionaires made up the largest number of people on the list with 1,191 positions (over 65 percent), while just 230 (under 13 percent) had wealth through inheritance. The number of billionaires who inherited a portion but were still working to increase their fortunes
5336-421: The list at 23 to become the youngest self-made billionaire. Forbes recorded a then record of 946 billionaires. There were 178 newcomers, as well as the first billionaires from Cyprus, Oman, Romania and Serbia. Over 66% of the previous year's billionaires became richer. The billionaires' net worth increased in 2007 by $ 900 billion to $ 3.5 trillion. Free cash used by consumers from home equity extraction, known as
5428-488: The list at age 41, Spanx founder Sara Blakely became the youngest self-made female billionaire ever. Colombia's Alejandro Santo Domingo was the highest-ranked newcomer, inheriting a $ 9.5 billion stake in Santo Domingo Group from his father. India's Lakshmi Mittal was the largest loser as his fortune dropped from $ 31.1 billion to $ 20.7 billion as the price of steelmaker ArcelorMittal fell sharply. As
5520-529: The list included 2,153 billionaires with a total net wealth of $ 8.7 trillion, down 55 members and $ 400 billion from 2018. The U.S. continued to have the most billionaires in the world, with a record of 609, while China dropped to 324 (when not including Hong Kong , Macau and Taiwan ). In the 32nd annual Forbes list of the world's billionaires, the aggregate wealth of the top 20 richest people on Earth amounted to about 13 percent of all billionaires' fortunes combined. A record of 2,208 billionaires were in
5612-496: The list is estimated and is cited in United States dollars , based on their documented assets and accounting for debt and other factors. Royalty and dictators whose wealth comes from their positions are excluded from these lists. This ranking is an index of the wealthiest documented individuals, excluding any ranking of those with wealth that is not able to be completely ascertained. In 2018, Amazon founder Jeff Bezos
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#17327972470885704-545: The list lost wealth since 2009, and 30 people fell off the list. 13 others died. Of the 89 women, 12 were newcomers in 2010. Steve Forbes said the growing number of billionaires was a clear sign that the world's economy was recovering from the Great Recession . In June 2010, Gates and Buffett announced the Giving Pledge , a promise to give the majority of their wealth to philanthropic causes . As of 2017,
5796-401: The list. Aged 26, eight days younger than Zuckerberg, he debuted at number 420 with an estimated fortune of $ 2.7 billion. IKEA founder Ingvar Kamprad was the largest loser as he saw his fortune plummet from $ 23 billion to $ 6 billion, dropping him from 11th to 162nd overall. A record 1,210 billionaires made the 2011 list, representing a combined wealth of $ 4.5 trillion, up from $ 3.6 trillion
5888-541: The list. Falling stock prices in Asia contributed to 117 former billionaires falling from the list worldwide. Twelve others listed in 2011 died. Overall, net gainers (460) barely outnumbered net losers (441). To coincide with the release of the 2012 list, Forbes announced a then-new "Billionaire Real-Time Ticker" updating the wealth of the world's top 50 billionaires in real time. In the 25th annual Forbes list of global billionaires, Slim added $ 20.5 billion to his fortune,
5980-424: The most paper wealth for some billionaires. However, once the dotcom bubble burst the new rich saw their fortunes disappear. Billionaires' fortunes were hit even harder by the Great Recession ; 2009 was the first time in five years that the world had a net loss in the number of billionaires. The strong performance of the financial markets and global economic recovery have erased financial assets losses. Most of
6072-483: The most drop-offs, with 29, followed by the United States with 16. The 2013 list featured 138 women, of which 50 came from the United States. A majority of the list (961 individuals, 67 percent) were entirely self-made; 184 (13 percent) inherited their wealth, and 281 (20 percent) achieved their fortune through a combination of inheritance and business acumen. Vietnam 's Phạm Nhật Vượng was the first person from that country to be included in this list. Carlos Slim topped
6164-402: The most of anyone, and retained his number one ranking with a total fortune of $ 74 billion. Gates remained in second place with $ 56 billion, while Warren Buffett was third with $ 50 billion. The top 10 had a combined wealth of $ 406 billion, up from $ 342 billion in 2010. According to Forbes editor Kerry Dolan, "media and technology billionaires definitely benefited from a stronger stock market and
6256-410: The nearby Eastern Illinois University dorms. By the end of his first year, the restaurant started making a profit. At the end of his second year, Liautaud was able to purchase his father's share in the business and he became sole owner. The business continued to grow, and he was able to open his second and third shops in 1986 and 1987. In 1988, Liautaud met businessman Jamie Coulter. At the time, Coulter
6348-571: The only cities in the county, and they nearly surround the campus of the University of Illinois . Champaign County was organized in 1833, having been previously a part of Vermilion County . The development of the county was greatly furthered by the arrival of the Chicago Branch of the Illinois Central Railroad , and even more by the establishment of the land-grant university. Later, the county also got an airport and
6440-409: The pledge had 158 signatories, but some of the signatories have since died. Most of the signers of the pledge are billionaires, and their pledges total over $ 365 billion. During the Great Recession , the world's billionaires lost $ 2 trillion in net worth and the list became 30% smaller than the previous year's list. Facebook founder Mark Zuckerberg , four years after starting the company, joined
6532-665: The population, labor, housing, cost of living, education, taxes, retail sales, transportation, quality of life, utilities. CHCEDC also conducts labor force studies every two years and labor shed studies every few years. Supported by the University of Illinois , through backings such as the Research Park, and Champaign County leaders, the area has shown even more growth in Information Technology, Micro/Nanotechnology, Bio-Imaging, Healthcare, Logistics, Distribution, and Agribusiness in recent years. As of 2023,
6624-436: The previous four years. Zara founder Amancio Ortega placed third for the second consecutive year. American investor Warren Buffett was in the top five for the 20th consecutive year, placing fourth. America's Christy Walton was the highest ranking woman, placing ninth overall. Aliko Dangote of Nigeria became the first African to enter the top 25, with an estimated net worth of $ 25 billion. A total of 1,645 people made
6716-416: The previous year. One third of the world's billionaires, 413, came from the United States. China had the second most billionaires with 115, while Russia was third with 101. Asia moved up to 332 billionaires, passing Europe as a region for the first time since the 1990s. The 2011 list included 214 newcomers and the average net worth of those on it increased to $ 3.7 billion. Slim narrowly eclipsed Gates to top
6808-606: The ranking and the total wealth was $ 9.1 trillion, up 18% since 2017. For the first time, Jeff Bezos was listed as the top billionaire due to Amazon's rising stock price that resulted in one person's biggest one-year gain in wealth ($ 35 billion) since Forbes started tracking in 1987. The U.S. had the most billionaires in the world, with 585, while China was catching up with 476 when including Hong Kong, Macau and Taiwan; it had 372 when excluding those three places. Forbes excluded Al-Walid bin Talal and all other Saudi billionaires due to
6900-501: The richest people in the world saw their fortunes soar in the early 2010s. Champaign County, Illinois Champaign County is a county in the U.S. state of Illinois . As of the 2020 Census , its population was 205,865, making it the 10th-most populous county in Illinois. Its county seat is Urbana . Champaign County is part of the Champaign–Urbana metropolitan area . The twin cities of Urbana and Champaign are
6992-421: The solar farms, developers must obtain a special permit from the county board first. At least seven applications for permits were submitted in the first month. In recent years, average temperatures in the county seat of Urbana have ranged from a low of 16 °F (−9 °C) in January to a high of 85 °F (29 °C) in July, although a record low of −25 °F (−32 °C) was recorded in January 1999 and
7084-462: The south-central portion of Champaign–Urbana , originating in southeastern Champaign and flowing through the experimental fields on the southern part of the campus of the University of Illinois . The Embarras is a tributary to the Wabash River and Ohio River systems. The northeast corner of Champaign, the central portion of the University campus, and the northern part of Urbana are drained by
7176-426: The spouses and children of America's fallen and disabled service-members. In 2017, Liautaud and his wife, Leslie, donated $ 2 million to help Brewster Academy kick off the fundraising for their new residence hall to house 22 students and 4 faculty residences. In May 2018, the new residence opened, and is called "Toad Hall" after a common mispronunciation of the family's last name. In January 2019, Camp Southern Ground,
7268-469: The time of publication may vary from their situation when the list was compiled. When a living individual has dispersed his or her wealth to immediate family members it is included under a single listing (as a single "family fortune") provided that individual (the grantor) is still living. However, if a deceased billionaire's fortune has been dispersed, it will not appear as a single listing, and each recipient will only appear if his or her own total net worth
7360-893: The tools to succeed in the future. Other causes supported by the Liautauds include: the Frances Nelson Smile Healthy Dental Clinic, the Kickapoo Rail Trail, Crisis Nursery in Urbana, Illinois, Champaign County's Youth Assessment Center, Champaign Unit 4 schools, Christmas layaway purchases, the American Heart Association, the Mayo Clinic Center for Individualized Medicine, MD Anderson, the Pancreatic Cancer Action Network,
7452-423: The top 15 employers in the county are the University of Illinois, Carle Foundation Hospital, Champaign Schools Unit 4, Kraft Heinz, OSF Healthcare, Parkland College, Kirby Foods, Christie Clinic, Champaign County Government, Urbana School District #116, FedEx, Plastipak, Rantoul Foods, Busey Bank, and SuperValu. Township government was adopted on November 8, 1859. Like most of central Illinois , Champaign County
7544-429: The top newcomers, debuting with an estimate net worth of $ 3 billion. A global rise in asset prices led Forbes editor Randall Lane to declare "It [was] a very good year to be a billionaire". However, it was not a good year to be Eike Batista , who fell from seventh to 100th, suffering the largest net loss of anyone on the list. Overall, net gainers outnumbered net losers by 4:1. A record total of 1,426 people made
7636-406: The vote in Champaign and Urbana, which account for over 60 percent of the county's population. George H. W. Bush in 1988 was the last Republican to carry the county, and Barack Obama 's 2008 performance was the best by a Democrat until Joe Biden 's 2020 performance surpassed it. In 2024, Democrat Kamala Harris received over 60% of the vote in the county, the highest percentage ever received by
7728-440: The world's billionaires found a record 2,781 billionaires with a total net wealth of $ 14.2 trillion. This is an increase of 141 members and $ 2 trillion from 2023, which held the previous record for the highest net worth gain on the list, surpassing the $ 900 billion record set in 2022. Two-thirds of the list members are wealthier compared to the previous year, including Mark Zuckerberg, whose net worth increased by $ 112.6 billion. In
7820-428: The world's wealthiest person. Gates became the first American to take the top spot of the world's billionaires in 1995 with a net worth of $ 12.5 billion, and he remained there during the dot-com bubble 's height in 1999 when his fortune peaked at $ 90 billion. After the dot-com bubble started to collapse in 2000, his wealth dropped to $ 60 billion, although he remained at the top of the list. The dot-com bubble created
7912-464: The world's youngest self-made billionaire. American Isaac Perlmutter was among the newcomers with an estimated fortune of $ 4 billion largely acquired in his sale of Marvel Entertainment to Disney . A total of 1,011 people made the 2010 list. The United States accounted for 403 billionaires, followed by China with 89 and Russia with 62. It was the first time China, while including Hong Kong, placed second. A total of 55 countries were represented on
8004-442: Was a Pizza Hut Franchisee, and later founded and ran Lone Star Steakhouse and Saloon and other chains. Coulter helped Liautaud take his business to the next level. In 1994 he sold his first Jimmy John's franchise , in addition to the 10 stores owned by Liautaud himself. By 2002, the company had about 200 stores, 10% of which were corporate stores that Liautaud oversaw himself. Sales at the stores managed by Liautaud were outpacing
8096-469: Was acquiring Jimmy John's for an unspecified amount in a deal unanimously approved by Liautaud and the rest of the Jimmy John's board of directors. At the close of the deal, Liautaud said that he will step down as chairman of the company and transition to become an advisor to the brand. The acquisition was completed on October 18. In 2008, Liautaud donated $ 1 million to his high school, Elgin Academy, on
8188-683: Was named the Ernst & Young Food & Beverage Entrepreneur of the Year in Illinois. The winners were selected by an independent panel of judges composed of local community and business leaders. In the same year, he was given the Lifetime Achievement Award at the National CEO Conference and inducted into the Collegiate Entrepreneurs' Organization Hall of Fame. In 2007, Liautaud delivered
8280-415: Was not within the top five. The U.S. had the most billionaires in the world, with a record of 565. China had 319 (not including Hong Kong, Taiwan or Macau), Germany had 114, and India had the fourth most with 101; India reached over 100 billionaires for its first time. For the third year in a row, Bill Gates was named the richest man in the world by Forbes ' 2016 list of the world's billionaires. This
8372-536: Was powerfully Republican between the Civil War and the latter portion of the 20th century. From 1856 to 1988, it only supported a Democrat three times, in the national Democratic landslides of 1932, 1936 and 1964. Pockets of Democratic support existed in the cities of Champaign and Urbana, which frequently sent Democrats to the Illinois House of Representatives . Since 1992, Champaign County has been one of
8464-419: Was ranked at the top for the first time and became the first centibillionaire included in the ranking, surpassing Microsoft founder Bill Gates , who had topped the list 18 of the previous 24 years. In 2022, after topping the list for four years, Bezos was surpassed by Elon Musk . In 2023, Musk was in turn surpassed by French businessman Bernard Arnault , after topping the list for just a year. Arnault became
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