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Thursday, 19 July 2012 - Gordon Ramsay named highest earning chef in U.S. |
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Credit: Reuters/Fred Prouser By Patricia Reaney NEW YORK | Wed Jul 18, 2012 3:33pm EDT NEW YORK (Reuters) - With 24 restaurants around the world, 11 Michelin stars, numerous cookbooks, and TV shows, Gordon Ramsay is the top earning chef in the United States, with an estimated global income of $38 million, according to a new list by Forbes.com. Scottish-born Ramsey, known to U.S. television audiences for his acerbic comments on "Master Chef" and "Hell's Kitchen", surpassed Rachael Ray, who earned an estimated $25 million for the year ending June 2012 from her TV show, magazine and cookbooks. Austrian-born Wolfgang Puck, whose 20 restaurants contributed to his $20 million in earnings, came in third on the list of top earning chefs who have a strong presence in the United States. Puck is based in California. "They are very diversified," said Dorothy Pomerantz of Forbes.com. "There is nobody who just has restaurants. TV is a huge factor in making this list because they make so much more money from television than they can from their restaurants." Merchandising and cookbooks also pumped up their incomes, Pomerantz said in an interview. Completing the list's top five were Paula Deen, the southern U.S. cook criticized for buttery recipes and for becoming a pharmaceutical company spokeswoman after she was diagnosed with Type 2 diabetes, and Mario Batali, co-owner of more than a dozen restaurants and one of the stars of TV's "The Chew." They earned $17 million and $13 million, respectively. Celebrity chefs were not the only people making big money in food. Some restaurants also had huge earnings. Bob Chinn's Crab House restaurant in Wheeling, Illinois, made about $24 million, not including alcohol sales, and was named the top earning restaurant in the United States. It was followed by The Grill on Main in Edgartown, Massachusetts, with $23.5 million, and Sparks Steak House in New York City, which has been in business since 1966 and made $23 million. "It is an unusual list," said Pomerantz. "We are looking at just food sales, not alcohol. It is stand alone restaurants, so that cut some places out." Crab House Owner Chinn, the 89-year-old son of Chinese immigrants, attributed his lucrative business to fresh seafood. The restaurant, his 14th business, flies in 3,000 pounds of fresh seafood daily, according to Chinn, who said he has no plans to retire although he does spend half his time in Hawaii. "If I stop, the restaurant will collapse in a few years," he told Forbes.com. Pomerantz said it was a combination of volume and price, and in some cases specializing in seafood which can be expensive, that contributed to the restaurant's earnings. Tony's Restaurant & Catering in Houston hit $20 million in revenue, putting it in fourth place. CHD Expert, a specialist in food service information, compiled the restaurant revenues for a 12-month period ending June 2011. Each of the top 10 earning restaurants made nearly $16 million or more. The full list of chefs and restaurants can be found at www.forbes.com/foodies (Reporting by Patricia Reaney) Entertainment Fashion People Lifestyle Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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