Which billionaire founded the pizza chain Domino's?

Tom Monaghan founded Domino's Pizza. In 1960, he and his brother James borrowed money to take over DomiNick's, a small pizza shop in Ypsilanti, Michigan.

James soon exchanged his share for a Volkswagen Beetle, leaving Tom to run the business. After Monaghan opened additional stores, a dispute over the DomiNick's name led to the adoption of “Domino's” in 1965.

Monaghan helped shape the chain around delivery, especially to college students. He also introduced a stackable insulated pizza box that made it easier to transport several hot pizzas without crushing them. That delivery-focused model became central to Domino's rapid expansion through franchising.

A common mix-up is confusing Monaghan with the founders of other major pizza chains. He later became the owner of the Detroit Tigers, buying the baseball team in 1983 and selling it in 1992. In 1998, he sold most of his Domino's ownership to Bain Capital for about $1 billion.