Sam Covelli Net Worth (Updated 2026).
Sam Covelli, born and raised in Youngstown, Ohio, began his career in the restaurant industry at a young age. He started as a dishwasher at his family’s local Italian restaurant, Covelli Enterprises, at the age of 14. This humble beginning allowed him to learn the intricacies of the business from the ground up.
**Sam Covelli’s Current Net Worth (2025)**
As of 2025, Sam Covelli’s current net worth is estimated to be around $350 million, according to the latest available information. This significant wealth is primarily accumulated through his successful career in the restaurant industry.
**Sam Covelli’s Career**
Sam Covelli, born in 1958, is an American businessman and the CEO of Covelli Enterprises, one of the largest franchisees of Panera Bread. He started his career in 1985, opening his first Panera Bread franchise in Boardman, Ohio. Under his leadership, Covelli Enterprises has grown to operate over 300 Panera Bread locations across five states.
**Other Ventures**
Besides Panera Bread, Covelli has diversified his business portfolio. He is a minority owner of the NBA’s Cleveland Cavaliers and has invested in various other industries, including real estate and technology startups. Additionally, he serves on several boards, including the National Restaurant Association and the Ohio Restaurant Association.
**Assets**
Covelli’s assets include a substantial real estate portfolio, comprising both residential and commercial properties. He also owns a private jet and luxury vehicles. His primary residence is a sprawling estate in Youngstown, Ohio, valued at over $5 million.
**Annual Income**
While Covelli’s exact annual income is not publicly disclosed, it is estimated to be in the tens of millions of dollars. This is primarily derived from the profits of his Panera Bread franchises, along with his other business ventures and investments.
Frequently Asked Questions about Sam Covelli
**Frequently Asked Questions: Sam Covelli Net Worth**
1. What is Sam Covelli’s net worth?
Sam Covelli’s net worth is estimated to be around $500 million.
2. How did Sam Covelli make his fortune?
Sam Covelli made his fortune through his involvement in the restaurant industry. He is the CEO and owner of Covelli Enterprises, which operates several restaurant chains including Olive Garden, LongHorn Steakhouse, and Seasons 52.
3. When was Sam Covelli born?
Sam Covelli was born on December 15, 1959.
4. Where did Sam Covelli grow up?
Sam Covelli grew up in Youngstown, Ohio.
5. Did Sam Covelli inherit his wealth?
No, Sam Covelli did not inherit his wealth. He built his fortune through his own business ventures.
6. What is Sam Covelli’s role in Covelli Enterprises?
Sam Covelli is the CEO and owner of Covelli Enterprises. He has been with the company since its inception in 1987 and has played a significant role in its growth and success.
7. What other businesses does Sam Covelli own?
In addition to Covelli Enterprises, Sam Covelli also owns several other businesses, including real estate properties and a private equity firm called Covelli Ventures.
8. Is Sam Covelli married?
Yes, Sam Covelli is married. He has kept his personal life relatively private, so not much is known about his wife or family.
9. What is Sam Covelli’s philanthropic work like?
Sam Covelli is known for his philanthropic work. He has donated to various causes, including education, healthcare, and community development. He has also established the Covelli Family Foundation, which supports various charitable organizations.
10. What is Sam Covelli’s education background?
Sam Covelli graduated from Youngstown State University with a degree in Business Administration. He also attended the Harvard Business School’s Owner/President Management program.
