Jack Cowin: Billionaire in Fast Food

This is a Australia news story, published by CNBC, that relates primarily to Cowin news.

Australia news

For more Australia news, you can click here:

more Australia news

Cowin news

For more Cowin news, you can click here:

more Cowin news

food news

For more food news, you can click here:

more food news

CNBC news

For more news from CNBC, you can click here:

more news from CNBC

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best entertainment news, business news, world news, and much more. If you like food news, you might also like this article about

Kentucky Fried Chicken franchise

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest American Kentucky Fried Chicken company news, KFC franchise news, food news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Jack Cowin

CNBC

•

He bought a KFC store in Australia for $100,000 in 1969. Today, his fast food company is worth over $3 billion

Summary

Nutrition label

76% Informative

Jack Cowin is the founder and chairman of Competitive Foods Australia , the company that operates Burger King as Hungry Jack's in Australia .

He was responsible for bringing Kentucky Fried Chicken to Australia in 1969 .

In 2013 , he sold off his KFC franchise of 55 stores in a deal worth about $71 million .

Today , Cowin owns 98% of his company while the other 2% is held by some of his original investors and shareholders.

"I think the secret is, whatever you do, do it well," Cowin said.

"That original $ 10,000 is $40 million at book value [today]. So everybody's got their money back, and those that stayed in have done increasingly well".

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful