Sam Prince (restaurateur)

Sam Prince (born 27 November 1983) is a Scottish-born Australian doctor and restaurateur of Sri-Lankan descent.[1] Prince is known for founding the Mexican franchise chain, Zambrero.[2]

Sam Prince
Monotone photograph of Sam Prince leaning against a wall
Sam Prince in 2017
Born (1983-11-27) 27 November 1983
Dundee, Scotland
Alma materAustralian National University, Monash University
Occupation(s)Doctor, entrepeneur, philanthropist
Years active2004-
Known forFounder of Zambrero

Early life and career

Prince was born in Dundee, Scotland, and moved with his family to Australia in 1986.[3] His parents are from Sri Lanka.[4] He studied medicine at Monash University.[5][6]

In 2005, Prince, then a 21-year-old medical student, founded the Mexican restaurant Zambrero in his hometown of Canberra. The chain now has over 200 outlets, most of which are in Australia.[7]

Prince also owns the Mèjico, Indu and Kid Kyoto restaurants in Sydney,[8] the Shine+ beverage company and Next Practice.[9][10]

Personal life

In 2023, it was reported that Prince had residences in Miami, Florida and North Bondi, Sydney.[11]

Net worth

As of May 2023, Prince’s net worth was assessed at A$1.10 billion by The Australian Financial Review 2023 Rich List;[12] having earlier appeared on the Financial Review's, Young Rich List.[13] In 2019, Forbes assessed Prince's net worth at A$294 milllion.[14][15]

Year Financial Review
Rich List		 Forbes
Australia's 50 Richest
Rank Net worth (A$) Rank Net worth (US$)
2022 125 Increase $1.10 billion Increase
2023[12] 129 Decrease $1.10 billion Steady
Legend
Icon Description
Steady Has not changed from the previous year
Increase Has increased from the previous year
Decrease Has decreased from the previous year

Philanthropy

Prince supports certain philanthropic causes, through donations made by Zambrero and Shine+, and also separate health-related NGOs including One Disease.[16] The Zambrero "Plate 4 Plate" initiative donates a meal to charity for every retail item purchased.[17] As of July 2021, Zambrero donated over 50 million meals to charity through Rise Against Hunger.[18]

Awards and honours

Prince was named EY National and Regional Social Entrepreneur of the Year in 2018.[19] In 2012, Prince was awarded the ACT Australian of the Year for his Zambrero-related philanthropy.[20] He was also awarded the Monash University Distinguished Alumni Award. In 2009 Prince received the Most Outstanding Young Person of the World award by the Junior Chambers International.[21]

References
  1. "How this doctor became a billionaire by selling burritos". Australian Financial Review. 24 October 2021. Retrieved 2 December 2021.
  2. "Zambrero makes BRW Fast 100 list for the fourth year in row | Business Franchise Australia". www.businessfranchiseaustralia.com.au. Retrieved 4 November 2017.
  3. "Learn from leaders and legends at the Sydney Franchising Expo | Business Franchise Australia". www.businessfranchiseaustralia.com.au. Retrieved 4 November 2017.
  4. "Canberra Conversations: Dr Sam Prince - ABC (none) - Australian Broadcasting Corporation". www.abc.net.au.
  5. "A prince among men – Australia Unlimited". australiaunlimited.com. Retrieved 4 November 2017.
  6. "Healing the world a step at a time". The Sydney Morning Herald. 2 April 2011. Retrieved 4 November 2017.
  7. "Zambrero's Plate 4 Plate program donates nine million meals – foodservice". Retrieved 4 November 2017.
  8. "The taste of Mejico here in Miranda". St George & Sutherland Shire Leader. 14 October 2016. Retrieved 4 November 2017.
  9. "Vaccine for COVID mutants steals the limelight for health innovation". Australian Financial Review. 14 October 2022. Retrieved 5 January 2023.
  10. "Practices in Focus - Next Practice". Australian General Practice Accreditation Limited (AGPAL). 1 August 2020. Retrieved 5 January 2023.
  11. Bailey, Michael (24 May 2023). "Why this billion-dollar Rich Lister values cold-calling and being kind". The Australian Financial Review. Retrieved 12 August 2023.
  12. Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 6 June 2023.
  13. "Topic | Young Rich". Australian Financial Review. Retrieved 15 August 2022.
  14. Aziz, Afdhel (16 April 2019). "The Power Of Purpose: How Dr. Sam Prince Passes On The Baton Of Kindness". Forbes. Retrieved 12 August 2023.
  15. McAuley, Dana (26 April 2017). "How young rich-lister Sam Prince built the Zambrero fast-food empire". news.com.au. Retrieved 12 August 2023.
  16. "One Disease at a Time". miwatj.com.au. Retrieved 4 November 2017.
  17. "On 19 October 2022 our Zam Fam gathered across Australia to pack meals together for those in need". Plate 4 Plate. Zambrero Australia. n.d. Retrieved 30 January 2023.
  18. Leao, Vini (29 July 2021). "Zambrero Donated 50 Million Meals - Mildura City Heart". Mildura City. Retrieved 30 January 2023.
  19. "Battling Food Insecurity, Eliminating Disease, Reimagining Health Care: All in a Day's Work for Sam Prince, M.D." YPO. 12 July 2019. Retrieved 25 January 2023.
  20. "Dr Sam Prince". National Australia Day Council. Archived from the original on 20 January 2021. Retrieved 21 February 2022.
  21. Yang, Tian (22 September 2009). "Dr Sam Prince, 2009 Anthill 30under30 winner -". Retrieved 25 January 2023.
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