Lance Chody is an American entrepreneur and prominent with a net worth of around $100 million as of 2024. He is the founder and CEO of Chody Real Estate Corp, a Chicago-based company specializing in retail, industrial, office, and residential properties. He is also the chairman and CEO of Garrett Brands LLC, the owner of the famous Garrett Popcorn Shops.
Lance Chody Source of Income
Chody has multiple sources of income, which include:
Entrepreneurial Ventures
- Garrett Popcorn Shops Acquisition – Lance Chody acquired Garrett Popcorn Shops in 2001, a pivotal moment that began his entrepreneurial success. He expanded the business globally, significantly increasing its revenue and contributing to his wealth.
Investments
- Real Estate – Chody has strategically invested in high-value properties, including commercial real estate and luxury residences, which have been instrumental in growing his net worth.
- Other Business Ventures – Apart from his primary business, Lance Chody has diversified his income by investing in various companies, showcasing his financial insight and ability to generate wealth through multiple channels.
Philanthropy
- Charitable Contributions – Despite his financial success, Lance Chody is also recognized for his philanthropic endeavors. He has donated generously to charitable causes, impacting numerous lives and enhancing his reputation as a compassionate philanthropist.
Lance Chody Salary, Income & Earnings
Daily Earnings | $20K-40K |
Monthly Earnings | $800K-$1M |
Annual Earnings | $8M-$10M |
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Who is Lance Chody
Lance Chody, an entrepreneur and real estate developer, is known for his strategic investments and successful ventures in various industries. His career highlights include acquiring Garrett Popcorn Shops and expanding its global presence. Chody entrepreneurial drive extends beyond real estate, showcasing his versatility in managing businesses both nationally and internationally.
Lance Chody Biography & Wikipedia
Real Name | Lance Chody |
Profession | Entrepreneur, Philanthropist |
Date of Birth | August 1, 1957 |
Place of Birth | Chicago, USA |
Wife | Megan Chody |
Age | 66 Years |
Height | 5 Feet, 9 Inch |
Weight | 73 Kg |
Zodiac Sign | Pisces |
Religion | Christianity |
Nationality | American |
Early Life
Lance Chody was born in Chicago on August 1, 1957. He started his career in the food industry and gradually climbed the ladder of success. His entrepreneurial journey began with acquiring Garrett Popcorn Shops in 2001, a turning point in his career.
He transformed the local snack brand into a global phenomenon, with over 50 locations worldwide. He also bought Frango chocolate mints in 2017, another iconic Chicago product.
Career
Chody is also a successful real estate developer. In 1980, he founded Chody Real Estate Corp and oversaw all aspects of the company. His specialty is retail, industrial, office, and residential properties across the US.
He has developed, acquired, and managed over 10 million square feet of real estate, with a portfolio of high-quality assets that generate steady income and appreciation.
Education
A well-educated entrepreneur with a finance degree from the University of Illinois at Urbana-Champaign, Lance Chody graduated in 1979 with a remarkable academic record and a passion for business.
He credits his education for giving him the skills and knowledge to succeed in his ventures. He also values the connections and friendships he made during his college years, which have helped him in his career.
Awards & Achievements
Some of his awards and achievements are:
- Entrepreneur of the Year by Ernst & Young in 2010 for his success transforming Garrett Popcorn Shops into a global brand.
- Lifetime Achievement Award from the International Council of Shopping Centers in 2019 for excellence and innovation in retail real estate.
- Chicago Area Entrepreneurship Hall of Fame in 2012 for his leadership and impact on the business community.
- Alumni Award from the University of Illinois at Urbana-Champaign 2014 for his achievements and service to his alma mater.
- Influential People in Chicago by Crain’s Chicago Business in 2017 for his influence and vision in the city’s economic and cultural landscape.
Lance Chody Family
He is married to Megan Chody, the director of consumer engagement at Garrett Brands LLC, who owns the famous Garrett Popcorn Shops and Frango chocolate mints.
- They have three daughters: Hannah Chody, Elle Chody, and Brett Chody.
- They live in Lake Forest, Illinois, where they sold their five-bedroom home for $4.72 million in 2022.
- They are involved in various philanthropic causes, such as supporting education, health, and arts organizations.
Lance Chody House
He owns a luxurious house in Lake Forest, Illinois, a suburb of Chicago. He sold his five-bedroom house on Westminster Road for $4.72 million in 2022 after owning it for 20 years.
The house was built in 1900 and has three main levels and a basement. It features a formal living room, dining room, chef’s kitchen, four bedrooms, a primary suite, a large playroom, a gym, a golf simulation room, a recreation room, and a stone-lined wine cellar.
Lance Chody Wife
Lance Chody is happily married to Megan Chody. She plays a crucial role in the Garrett Brands family, overseeing the company’s marketing, branding, and customer service. She is also responsible for developing new products, flavors, and partnerships for the gourmet snack brand.
Lance Chody Age, Height & Weight
Born on August 1, 1957, Lance Chody is 66 years old as of 2024. He stands at 5 feet 9 inches and weighs 73 kilograms. His fit, athletic physique, brown hair, and blue eyes complement his sharp and professional style, often including suits and ties.
FAQs Related to Lance Chody
Lance Chody net worth is estimated to be around $100 million as of 2024, reflecting his successful ventures in real estate, the snack industry, and venture capital.
Specific details about Lance Chody’s salary are not readily available in the provided search results.
Lance Chody is married to Megan Chody, who plays a crucial role in the Garrett Brands family as the director of consumer engagement.
Lance and Megan Chody have three daughters: Hannah, Elle, and Brett.
Hannah Chody is one of Lance and Megan Chody’s daughters, known for their involvement in the Garrett Brands family.
Lance Chody, a successful entrepreneur and real estate developer, owns Garrett Brands.
The CEO of Garrett’s Popcorn is Lance Chody, who has played a pivotal role in expanding the brand globally.
People worldwide love Garrett Popcorn for its high-quality ingredients, meticulous preparation methods, and unique flavor combinations that create a delicious and addictive snack experience.
Many consider the “Garrett Mix,” a blend of CaramelCrisp and CheeseCorn, the signature and most popular flavor at Garrett Popcorn Shops.