John Schnatter Net Worth 2018: How Much Is Papa Johns Founder Worth?


The CEO of Papa John's pizza John Schnatter was replaced as CEO on Thursday, almost two months after making controversial comments that NFL players kneeling during the National Anthem were hurting the chain's bottom line.

The drop in viewership of the NFL has caused Papa John's to re-evaluate their NFL Sponsorship altogether. "NFL leadership has hurt Papa John's shareholders". "This should have been nipped in the bud a year-and-a-half ago".

Schnatter will reportedly remain with Papa John's as the company's chairman.

The man who built an empire serving mediocre at best pizza (yeah, I said it) is stepping down. The company will promote longtime employee and former president Steve Ritchie to the position of CEO.

Princess Michael of Kent wears racist brooch to Buckingham Palace
She also told the Mirror: "With Harry frowning seriously beside her, Meghan suddenly sits looking rather small and childlike. Neither Kensington or Buckingham Palace has released an official comment at this time.

Schnatter, 56, founded Papa John's in 1984. It issued apologies on social media and even had to condemn whit supremacy after a neo-Nazi site, The Daily Stormer, endorsed Papa John's and published a post that asked if the chain was "the official pizza of the alt-right". According to a press release from the company, he will "pursue his personal passion for entrepreneurship, leadership development and education". He stepped down in 2005, but returned in 2008.

Prior to backlash for his comments on the NFL, Schnatter has a history of statements that have sparked political controversy.

Speaking with Business Insider in January, Schnatter emphasized that he believes that regulation in the USA needs to be dialed back to help businesses thrive. In 2010, he took on a co-CEO, Jude Thompson, but that arrangement ended the following year.

In 1983, Schnatter sold his Chevy Camaro to help his father's struggling business and used the leftover profits to start Papa John's. Schnatter often appears in advertisements during National Football League games, and has credited its close relationship with the National Football League and particularly quarterback Peyton Manning for sales boosts in the past.