Word: wienerwald
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Dates: during 1970-1979
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Austrian-born Friedrich Jahn is Europe's answer to Howard Johnson, or maybe Colonel Sanders. Through his chicken-lickin' Wienerwald restaurants, which have spread across Europe and into the U.S., he works to satisfy a hungry middle class. The chain grossed $115 million last year and should do at least 10% better this year. Last month Jahn opened new outposts in Vienna and Nuremberg; he plans others in Scandinavia, Britain and South Africa. "I wouldn't be surprised," he says, "if one day there is a Wienerwald in Nigeria or Kenya...
...Jahn rules the roost as chairman, president and sole stockholder of his Zurich-based Wienerwald Share Corp. Estimates of his fortune start at $70 million. He is completely debt free. "I've always operated with my own means, independent of banks," he says. Jahn travels constantly, spending six days a month in the U.S. For short trips he favors one of his five chauffeur-driven Mercedes-Benz 300s. For longer hops he uses one of his three aircraft. Once aloft, the millionaire ex-headwaiter, often in shirtsleeves and with blue eyes gleaming, serves sandwiches and coffee to his executives...