Charles Entenmann, who propelled his family’s New York bakery into a national brand, died in Florida last month at the age of 92. Entenmann, his brothers, and mother expanded the Bay Shore business across the region and eventually the country, following the 1951 death of his father, William Entenmann, a German immigrant who opened the bakery in Brooklyn in 1898
How much is the Entenmann family worth?
His family sold its cakes-and-cookies enterprise for $233 million in 1978, which is more than a billion dollars in today’s money. That could be said to be the family’s worth.
How much was Entenmann’s sold for?
William Entenmann, a German immigrant, founded his eponymous baked goods company in Brooklyn in 1898; by 1978, after expanding throughout the U.S. and becoming the afternoon coffee klatsch dessert of choice for fashionable housewives everywhere, the family-run operation was acquired by a pharmaceutical company for $233 million (the equivalent of almost a billion dollars today).