Steve Ells Net Worth : $220 Million
Steve Ells was born on September 12th 1965 in Indianapolis. He studied Art History at the university of Colorado before studying at the Culinary Institute of America. After graduating he worked as a Sous chef at Stars Restaurant in San Francisco for two years.
In 1993 he founded the first Chipotle Restaurant and Grill using borrowed funds. Its unique blend of high quality food and dining at affordable prices quickly made it a success and it attracted funding from The MacDonald Corporation in 1998. This fueled an expansion from 16 restaurants to over 500 within the space of just seven years.
Restaurants that bear the Chipotle brand are all owned by the company rather than individual franchisees. This allows for greater control in the sourcing of ingredients in keeping with Ells’ decision to serve “Food with Integrity” (particularly naturally raised, hormone-free meats and organic produce).
To further that cause he started the Chipotle Cultivate Foundation in August, 2011. It supports the use of sustainable, cruelty free sources in all food production. Ells still cooks in his spare time and in 2010 appeared as a judge on the television show, “America’s Next Great Restaurant”. His salary was close to $20 Million in 2011.