Steve Ells's Net Worth as of 2024
$200 Million
Steve Ells was born on 12 September 1966, in Indianapolis, Indiana USA, and is a businessman who is probably best known as a founder and also the chairman and co-CEO of the company called Chipotle Mexican Grill. What is more Steve was also a part of Stars Restaurant and is a board member of Land Institute.
So how rich is Steve Ells? It has been estimated that Steve’s net worth is over $200 million. This sum of course has mainly come from his successful career as a businessman over the last 20 years since founding Chipotle. There is also a chance that Steve Ells’ net worth will become even higher in the future as he continues his career in expanding the Chipotle restaurant chain.
Steve Ells Net Worth $200 Million
Steve Ells family moved to Colorado when he was still young, and he was educated at Boulder High School. He then graduated from the University of Colorado at Boulder in 1988 with a Bachelor of Arts degree in Art History, and.then he studied at the Culinary Institute of America in New York, finishing in 1990. At the beginning of his career, Steve worked as a sous chef in Stars Restaurant, San Francisco from which time Steve Ells’ net worth began to grow. Later Steve decided to open his own restaurant. Unfortunately he didn’t have enough money to do that, so he had to borrow from family and others.
Steve subsequently opened Chipotle Mexican Grill in 1993 in Denver, Colorado, and within a year was 10 times more profitable than had been calculated as a basis for survival. This successful company had a huge impact on Ells’ net worth, as the expansion of the chain numbered over 500 in little more than 10 years. Steve was becoming more and more successful and acclaimed in the business world. In 2005 he was even named as Business Person of the Year and later was even considered to be the CEO of the year. These awards show that Steve is really successful as a businessman and that his net worth is so high because of his hard work. His whole operation became so large that Monty Moran was hired as COO in 2005, becoming co-CEO in 2009, both he and Steve Ells enjoying salaries totalling over $20 million in 2014.
In 2010 Steve became a part of the television show, entitled America’s Next Great Restaurant., there he worked together with Bobby Flay, Lorena Garcia and Curtis Stone. This show also added to Ell’s net worth.
To talk about Steve’s company Chipotle Mexican Grill, it could be said that it mainly specializes in tacos and burritos. The main aim of this company is to serve organic meals made with natural products. This chain of restaurants becomes more famous step by step and of course it influences the growth of Steve Ells’ net worth. There is no doubt that in the future this chain of restaurants will become even more famous.
All in all, it could be said that Steve Ells is one of the most successful businessmen. He has achieved what he has now only through hard work and patience. There were some ups and downs during his career but Steve still gained the acclaim that he deserved. As Steve continues to improve his chain of restaurants and he also has other activities to do, there is a high possibility that Steve Ells’ net worth will become even higher in the future. Let’s hope that people will be able to enjoy Chipotle’s food for a long time.
