Jack Quinn is the founder and chairman of Competitive Foods Australia, the company that operates Hungry Jack's.
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At 82 years old, self-made billionaire Jack Quinn has a number of simple life and business truths to share.
“I didn't come from (money)… I'm kind of self-made. I use that term and I'm proud of it,” Quinn said. CNBC Make it.
He made a fortune selling fast food. In 1969, he He bought his first KFC store in Australia, which eventually grew into a 55-store franchise. He then sold it for more than $71 million in 2013, according to a company representative.
Quinn is also the founder and chairman of Competitive Foods Australia, the company that operates Burger King as “Hungry Jack's” in Australia – and series From over 400 restaurants today. He is also the largest shareholder in Domino's Pizza In Australia, a company supports plant-based meat alternatives called v2food.
Quinn said his business is worth more than $3 billion and generates more than $300 million annually CNBC Make it.
Don't be a dentist… When you don't drill your teeth, you don't make money.
Jack Quinn
Founder and President of Competitive Foods Australia
Before starting his fast food empire, Quinn played college football and had a “brief flirtation” with playing professionally. “Business is a team sport,” he said.
“Don't be a dentist… when you're not drilling your teeth, you're not making money,” Quinn told CNBC Make It. “If you want to do something bigger and have a broader scope, you have to become a team player and… to become a team player, you have to interact with people,” he said.
“Be aware of the fact that you can't do it alone,” Quinn said.
Business is not just about meeting your own needs, it is also about meeting the needs of others, whether they are employees, customers, investors or business partners. He said being a “peopleable person” with a natural curiosity and desire to learn was the key to his success.
The first Hungry Jack location opened in 1971 in Innaloo, Perth.
Photo of Olsztyn | Photo of Olsztyn | Getty Images
When asked to offer advice to young people who may be feeling lost in life, Quinn said: “The short answer is – if you're lost, get active in something.”
“I see people getting fired or something going wrong in their lives. They sit on the sidelines and lose confidence… You have to be in the game to be successful,” he said.
After spending some time thinking, it's important not to get stuck in a cycle of depression. “You have to get back into the mainstream of life by doing things, interacting with people,” he said. “Go, don't stand around thinking about it.”
Today, Quinn says he has created about 150,000 jobs globally between his Domino's Pizza company – which consists of 4,000 stores in 12 countries – and his company Hungry Jack.
He says he is 82 years old and has no plans to leave the business.
“If there was a summary of my life, I looked at it as an adventure, rather than taking it day by day,” he said. “It was an adventure to do new things, new businesses, this new, new, and it was fun.”
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