- Derrick Hayes, the millennial founder and CEO of multimillion-dollar chain Big Dave’s Cheesesteaks, grew up in “survival mode” selling bean pies and newspapers in Philadelphia. Once he hit success by selling a $12 cheesesteak every 58 seconds, he decided to splurge on luxury cars, including Bentleys, a McLaren, Audi R8, and G-Wagon. But in this economy, he says, people should spend wisely as everything is too uncertain.
When the big paychecks roll in after building a successful business, it may be tempting to splurge on designer clothes, luxury mansions, and high-tech gadgets. When Derrick Hayes—an entrepreneur who grew up in “survival mode” selling bean pies and newspapers on the streets of Philadelphia—finally made it with his multimillion-dollar fast-casual restaurant chain Big Dave’s Cheesesteaks, that meant he had the chance to finally get behind the wheel of some flashy cars.
