Chipotle Founder Net Worth (Updated 2026).

Steve Ells, the founder of Chipotle Mexican Grill, began his culinary journey at an early age, growing up in a family that valued good food and hospitality. After graduating from the University of Colorado Boulder with a degree in Political Science, Ells decided to pursue his passion for cooking and enrolled in the Culinary Institute of America in Hyde Park, New York. Following his graduation, he honed his skills working under renowned chefs such as Jeremiah Tower and Joyce Goldstein.

Ells’ big break came in 1993 when he moved to San Francisco and secured a job at the esteemed Stars restaurant. It was here that he learned the art of creating high-quality, yet affordable meals, an idea that would later become the cornerstone of Chipotle. After a few years, Ells decided to branch out on his own and, with the help of a $85,000 loan from his father, opened the first Chipotle Mexican Grill in Denver, Colorado, in 1993. The rest, as they say, is history.

Chipotle Founder’s Current Net Worth (2025)

As of 2025, Steve Ells, the founder of Chipotle Mexican Grill, has an estimated net worth of $1 billion. This significant wealth is primarily attributed to his stake in the fast-casual restaurant chain he founded in 1993.

Career

Steve Ells, a graduate of the Culinary Institute of America, started his career at prominent restaurants like Stars and The Fat Duck. In 1993, he opened the first Chipotle restaurant in Denver, Colorado. Under his leadership, Chipotle grew to over 2,000 locations across several countries. Ells stepped down as CEO in 2018 but remains the company’s executive chairman.

Other Ventures

Beyond Chipotle, Ells has invested in and supported various food-related ventures. He co-founded the Chipotle Cultivate Foundation, which focuses on sustainable agriculture and food access. Ells has also invested in companies like Sweetgreen and Panera Bread, reflecting his continued interest in the food industry.

Assets

Ells’ assets include a significant stake in Chipotle Mexican Grill, valued at over $800 million as of 2025. He also owns real estate, including a home in Aspen, Colorado, and has made strategic investments in other businesses. His art collection, featuring works by artists like Jean-Michel Basquiat, is another notable asset.

Annual Income

As of 2025, Steve Ells’ annual income is estimated to be around $20 million. This figure is primarily derived from his Chipotle stock and dividends, as well as his role as the company’s executive chairman. His annual income has fluctuated over the years, reflecting Chipotle’s stock performance and changes in his role within the company.

Frequently Asked Questions about  Chipotle Founder

**Frequently Asked Questions: Chipotle Founder Net Worth**

1. Who is the founder of Chipotle?

Steve Ells is the founder of Chipotle Mexican Grill. He started the company in 1993.

2. When was Chipotle founded?

Chipotle was founded on July 13, 1993.

3. How did Steve Ells start Chipotle?

Steve Ells started Chipotle after working as a chef in Colorado. He noticed the success of a similar restaurant in San Francisco and decided to open his own, focusing on fresh, high-quality ingredients.

4. What is Steve Ells’ net worth?

Steve Ells’ net worth is estimated to be around $1 billion.

5. How has Chipotle grown since its founding?

Chipotle has grown significantly since its founding. As of 2021, it operates over 2,700 restaurants in the United States, Canada, and Europe.

6. What is Steve Ells’ role at Chipotle now?

Steve Ells stepped down as CEO of Chipotle in 2018 but remains on the board of directors and is involved in the company’s strategic decisions.

7. How has Chipotle’s focus on sustainability and responsible sourcing affected its business?

Chipotle’s commitment to sustainability and responsible sourcing has been a significant part of its brand and has helped drive customer loyalty. It has also faced challenges and criticism in this area.

8. What are some of the controversies Chipotle has faced?

Chipotle has faced several controversies, including food safety issues, labor disputes, and allegations of animal welfare violations.

9. How has Chipotle responded to the COVID-19 pandemic?

Chipotle has implemented various measures to respond to the COVID-19 pandemic, including enhanced safety protocols, contactless ordering and payment options, and expanded delivery services.

10. What other businesses or ventures is Steve Ells involved in?

Steve Ells is also involved in other businesses, including a restaurant consulting firm called The Restaurant Opportunity Center United (ROC United) and a venture capital firm called Foundry Group.