Marian Ilitch Biography
Marian Ilitch (Marian Bayoff Ilitch) is an American billionaire businesswoman and the co-founder of Little Caesars Pizza with Mike Ilitch, her late husband.
She is also known for being the owner of the Detroit Tigers & Detroit Red Wings. Ilitch was one of the world’s seven richest women in March 2018, according to Bloomberg.
Marian Ilitch Age
Ilitch was born on January 7, 1933, in Dearborn, Michigan, United States. She is 90 years old as of 2023.
Marian Ilitch Height
Illitch stands at an estimated height of about 5 feet 8 inches tall.
Marian Ilitch Family
Marian Bayoff born and raised in Dearborn, Michigan, is the daughter of Macedonian immigrants. The is no available information about her parents or siblings.
Marian Ilitch Husband
Ilitch was married to Mike Ilitch in 1955 till the time of his death in 2017. Marian met her future husband Mike Ilitch in 1954, also a child of Macedonian immigrants when the two went on a blind date arranged by his father. A year later, they got married.
The couple has seven children together. Her husband died on February 10, 2017, at the age of 87 in Detroit, Michigan.
Marian Ilitch Children
Ilitch and her husband have seven children: Christopher Paul Ilitch, born in June 1965 is CEO and president of Ilitch Holdings, Inc.; Denise D. Ilitch, born in November 1955 is an attorney and former co-president, with her brother, of Ilitch Holdings.
Other children are Ronald “Ron” Tyrus Ilitch, Lisa M. Ilitch Murray, Michael C. Ilitch, Jr., Atanas Ilitch (born Thomas Ilitch), and Carole M. Ilitch. In February 2018, Ron Ilitch was found dead in his hotel room at the age of 61. This means now six out of seven children remain.
Marian Ilitch Net Worth
Marian has a net worth of 4 billion USD.
Marian Ilitch Salary
Ilitch earns an estimated salary of about $1milllion to 5Million per year.
Marian Ilitch Business
In 1959, the Ilitches founded Little Caesars Pizza, which they expanded as a franchise. They have since expanded their interests to include restaurants, entertainment, sports, and gaming.
Casinos and Indian gaming
One of the original investors in Detroit’s MotorCity Casino, Ilitch realized an opportunity in 2005 to purchase a total interest in the casino resort complex from various minor stakeholders and Mandalay Resort Group. Marian solely paid $600 million to buy MotorCity Casino from the other investors and for subsequent renovations. Michigan gaming laws prohibit one company from owning more than one Detroit casino property. With Ilitch as owner, MotorCity Casino is reportedly one of the largest independently-owned casino enterprises in the United States and also the largest woman-owned casino in the U.S.
Ilitch and Michael J. Malik, Sr. a partner, have pursued other casino gambling interests outside of Detroit and from coast to coast. The duo has acted as a developer of casinos for federally recognized tribes of Native Americans, who have begun to use this as a means of generating revenues. They have worked with the Little River Band of Ottawa Indians, developing Little River Casino Resort in Manistee, Michigan. Ilitch partnered with the Shinnecock Indian Nation in Hampton Bays, New York on plans to develop a casino on Long Island. Ilitch also partnered with Barwest, LLC and the Los Coyotes Band of Cahuilla and Cupeno Indians to develop casinos in Barstow, California.
Ilitch Holdings, Inc.
Ilitch served as a secretary-treasurer and vice chairwoman of all of her family’s various holdings until 1999 when Ilitch Holdings, Inc. was formed as the parent company for her family’s widespread interests. She became chairwoman after her husband’s death.
Ilitch Holdings includes Little Caesars Pizza, Little Caesars Pizza Kit Fundraising Program, Blue Line Foodservice Distribution, Champion Foods, Detroit Red Wings, Olympia Entertainment, Detroit Tigers, Olympia Development, and various food service and entertainment venues within these businesses. Marian and Mike bought the Red Wings in 1982 for $8 million. The Detroit Red Wings have won four Stanley Cups under Ilitch family ownership: 1997, 1998, 2002, and 2008. Marian Ilitch and three daughters are among only 12 women to have had their names engraved on the trophy.
Mike Ilitch’s Detroit Tigers, a baseball team, logged losing records in 12 out of 13 seasons but turned the team around in 2006. They made the playoffs for the first time since 1987. The Ilitches successfully spearheaded a public/private partnership with the taxpayers of the greater Detroit area to build a new home for the Tigers in downtown Detroit The $300 million plus Comerica Park opened in April 2000. Ilitch Holdings, Inc. manages the stadium and parking.
Marian Ilitch Legacy and Honors
- 1988, Ilitch received the Roundtable for Women in Foodservice Pacesetter Award.
- 1994, the Greater Detroit Chapter of the National Association of Women Business Owners recognized Ilitch as one of Michigan’s
- Top 25 women business owners.
- 1996, recognition from the American Red Cross of Southeastern Michigan for aiding emergency services and the work of the Red
- Cross friends.
- 1997, Hospice of Southeastern Michigan Council Crystal Rose Award
- 1999, Michigan Executive of the Year by the Wayne State School of Business Administration
- 2001, inducted into Michigan Women’s Hall of Fame
- 2004, she was named one of Detroit’s Enterprising Women by the Detroit Historical Society in partnership with the Women’s
- Economic Club, National Association of Women Business Owners, Greater Detroit Chapter and Crain’s Detroit Business.
- 2005, Crain’s Detroit Business Top Women in Business Honoree.
- 2008, she was elected to the Michigan Sports Hall of Fame and inducted in 2010.
- She was recognized by Working Women Magazine as the number one woman business owner in the nation.
Marian Ilitch House
Information about Marian’s house is currently unavailable but it will be updated soon. Stay tuned.