KFC Founder Colonel Sanders Net Worth & Biography

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KFC Founder Colonel Sanders Net Worth & Biography. Colonel Sanders was the creator of Kentucky Fried Chicken (KFC). He is already passed a long time but his legacy lives on in the lessons that his life can teach us.

His net worth at death $3.5 million dollars.

KFC Founder Colonel Sanders Net Worth & Biography




Born

1890

Born where

Henryville. Indiana

Army career

Enlisted in the Army for duty in Cuba at age 16

Various jobs

Upon leaving the army he worked at various jobs including:

  • Tyre salesman
  • Lawyer
  • Ferry boat owner
  • Gas station owner, “Sanders Superior Gas Station,

He started selling fried chicken at the gas station.




Creates original recipe

He is a self taught cook and he creates his own recipe of 11 herbs and spices.

Becomes Colonel

Sanders was dubbed a Kentucky Colonel in 1935 by the then-Governor Ruby Laffoon.

Personality

He cursed a lot

Passionate about cooking

Feisty, resourceful, entrepreneur




Quotes by the Colonel

“finger licking good.” He actually said this on the 1963 TV show What’s My Line

“If I hadn’t been 66 years old and had a $105 Social Security check coming in every month, I don’t know what I would have done,” he later wrote. “But for me it wasn’t a matter of giving up. It was just a problem of what to do next.”

“the same thing that honorable means before your name. It doesn’t mean a damn thing.” Re his Colonel meaning.




Quotes about the Colonel

“It was an idea and concept that was so simple and changed the eating habits of the world,” John Y Brown Jr

“Overall the public thinks the Colonel is a caricature”John Y Brown Jr

“He was a crusty old coot. He was the real deal. He is one of the few authentic creators in the entire food industry.” John Y Brown Jr

“Imagine being bold enough to walk around in a white suit, goatee and mustache” John Y Brown Jr

“Everything was treated very delicately. It was a special process he was taking us through to get to the grand end result,” John Y. Brown III who met the Colonel when he was a child. The Colonel showed him how to make biscuits.




Personal life

Married twice with three children

Franchise beginnings

He started his first franchisee in 1952 in Salt Lake City.

But he only sold the spice mix. Restaurants were paying him only for use of the spices.




Sales of franchises

He drove across the country in his Cadillac and cooked chicken for potential Clients.

He sold his spices mix to about 600 franchised restaurants.

Dress sense

He dressed up in a full white outfit a black string tie to help market his franchise.




Sells business

He sold his business to John Y Brown Jr who became Governor of Kentucky in 1964 for $2million dollars

Brown built the business to 3,500 franchised stores and sold the whole business in 1971.

The KFC business sold gravy, mashed potatoes, coleslaw and of course fried chicken using the recipe and the likeness of the Colonel.




Brown sells business

In 1971 John Brown sold the KFC businesses for $300 million to the Heublein business group. They subsequently sold it onto to Pepsi Co and it ended up as part of the YUM group which runs brands such as Taco Bell and Pizza hut.

Death

At ninety years of age Sanders passed away in 1980.




Lessons
Lesson 1 Keep trying

He had a lot failure in his early life but he kept going and created something that changed the world.

Lesson 2 Build your business yourself

I understand why the Colonel sold his business – he was too old to grow the business. But he missed out on a billion dollar fortune because of this.

Never let someone buy you out at a cheap price.




Other links

KFC Website 

Yum brands

KFC Founder Colonel Sanders Net Worth & Biography

TPDC

Charlie Standen
Charlie Standen
Charlie started out as a quantity surveyor and project manager before moving into property development and property investment. He also enjoys all aspects of writing, videography, and new media. He writes content for the property development course on property development, property investment, and property finance.