The 58-year-old entrepreneur founded Papa John’s in 1984 in Jeffersonville, Indiana.
Schnatter served as the face of the Papa John’s brand through a series of television commercials, some of which featured NFL quarterback Peyton Manning.
He stayed on as the company’s chairman of the board until July 2018 when he resigned after he used a racial slur during a conference call.
At the time, even though he was no longer in the company’s management, Schnatter was the largest individual shareholder in Papa John’s.
However, in November, Schnatter sold 1.9 million of the company’s shares, worth about $107.5 million, according to a Securities and Exchange Commission filing.
He kept another 2.9 million shares or about 9.2 percent of the company, FOX Business reported at the time.
The property includes a carriage house, a guest house, a pool and a pond.
Schnatter also reportedly owns several Camaros and a private helicopter.
In December last year, Schnatter’s ex-wife Annette Cox filed for divorce, FOX News reported at the time. Aside from their $12 million Kentucky home, the couple also owned two condos including a $23 million condo in Deer Valley, Utah and a $6 million condo in Naples, Florida.
In April, as part of their settlement, Cox signed the deed of the Kentucky mansion over to Schnatter.
In 2017, Schnatter was first estimated to be worth $1 billion, according to Forbes. His net worth dipped below the billion mark until earlier this year.
Now, Schnatter is estimated to be worth $1.1 billion, according to Forbes’ real-time net worth calculator.
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