Hair Care Billionaire Buys 80 Acre Hamburger University Complex In Illinois

DeJoria released a statement saying he looks “forward to welcoming the next generation of special guests and corporations to the property,” and said that the complex has “a bright future ahead.” DeJoria, 75, amassed his $4 billion net worth thanks to his hair care company and Patron tequila. He founded John Paul Mitchell Systems with Paul Mitchell and a $700 investment in 1980. He bought a stake in Patron Sprits in 1989 and grew the company’s sales by more than $800 million. He sold Patron to Bacardi in 2018 for $5.1 billion in cash. McDonald’s left the campus last spring and moved the company headquarters to Chicago’s West Loop. The move was part of the company’s efforts to be a “more modern and progressive burger company.” The McDonald’s campus has long been the crown jewel of properties owned by McDonald’s, according to the Chicago Tribune. Thousands of managers, owners, operators, and mid-managers have been trained on the ins and outs of the fast food chain at Hamburger University. Oak Brook Village President Gopal Lalmalani released a statement of enthusiasm about DeJoria purchasing the campus.