Sardar Biglari is an Iranian-born entrepreneur and the founder, chairman, and CEO of Biglari Holdings Inc.
Biglari Holdings is a publicly-traded company that serves as the holding company for a variety of businesses in the restaurant, insurance, oil and gas, and media and licensing industries. These include Steak ‘n Shake, Western Sizzlin, Southern Oil of Louisiana, Southern Pioneer Insurance, and Maxim.
Biglari was born two years before the Iranian Revolution, during which his father served as a military officer under the shah and was later imprisoned. Following the revolution, his family fled Iran as refugees and settled in San Antonio, Texas in 1984.
At 18 years old, Biglari founded an internet service provider by raising $15,000. At 22, he sold the company to Internet America and used the proceeds to start an investment partnership. The fund purchased shares in restaurant companies, including Friendly Ice Cream and Western Sizzlin, the latter of which he became CEO and chairman of in 2006.
Since signing on with Steak ‘n Shake’s board in 2008, Biglari quickly moved up the ranks to chairman and CEO, implementing a top-down overhaul of the restaurant chain’s operations. This drastic change helped the company go from losing more than $100,000 a day in 2009 to making more than that same amount a year later.
In 2010, he renamed Steak ‘n Shake corporate to Biglari Holdings, integrating his other brands within it. Biglari is also the founder, chairman, and CEO of Biglari Capital, the general partner to The Lion Fund, an activist hedge fund.
Biglari attended Trinity University in his hometown of San Antonio.
Sardar Biglari has not been actively trading shares of Biglari during the last quarter. Most recently, on Thursday, March 4th, Sardar Biglari bought 1,888 shares of Biglari stock. The stock was acquired at an average cost of $140.00 per share, with a total value of $264,320.00.