Derrick Hayes Net Worth: How Rich is Big Dave’s CEO Actually?

Derrick Hayes is an American entrepreneur who serves as the CEO of Big Dave’s Cheesesteaks. He is also known for his appearance on the TV series, Hip Hop & Enterprise and Assets Over Liabilities. As of 2023, Derrick Hayes net worth is estimated to be around $7 million.

Who is Derrick Hayes?

Derrick Hayes is a serial entrepreneur from West Philadelphia. He is the CEO of one of the fastest-growing businesses in Atlanta, Big Dave’s Cheesesteaks. Derrick launched the business in 2014 and relocated to Atlanta after he started his steady rise as a restaurateur and philanthropist.

Derrick Hayes was born in 1988 in West Philadelphia. His father was a blue-collar worker who passed away from lung cancer. Hayes mentioned that his late father was the one who sparked his entrepreneurship and hard-fought success. Regarding his education, he studied at Overbrook High School and graduated in 2005.

Derrick Hayes Net Worth & Career

Derrick Hayes learned about cooking from his grandfather with whom he used to spend much time in the kitchen. He also understood about preparing dishes and creating spices under his grandfather’s tutelage. Hayes would prepare Sunday dinner when his grandfather would go to church.

In 2014, he launched Big Dave’s Cheesesteaks as a way to merge his passion for serving food, community, and business. He actually started as a small water-ice shop in a 749-square-foot gas station in Dunwoody, Georgia. Later, his business grew into the nationally known, Big Dave’s Cheesesteaks.

Hayes was able to get success in his business in 2020 despite many business owners struggling. That year, Big Dave’s Cheesesteaks had an increase of over 100% in sales. Another reason for the success of his business was his Bigger Than Food approach. In fact, he often uses his business as a hub for inspiration and mentorship.

In the year 2020, he spent much of his time providing high-quality and hand-made food to customers and feeding local frontline workers. He also dedicated time to employing the communities’ youth. His passion for serving the community and food earned him a spot as a Forbest 2021 Next 1000 Honoree 2021.

Hayes is also the co-owner of the vegan cheesesteak concept, Dinkies. In addition to that, he is the founder of the David & Derrick Hayes Foundation. Derrick has also appeared on the TV series, Hip Hop & Enterprise, where he shared his [ast tips and insight stories from his own unique experience.

Derrick also appeared on the Assets Over Liabilities season finale where he shared how he established a national brand out of a gas station selling Philly cheesesteaks. The season finale episode premiered on Wednesday, December 7. During the finale episode, he told hosts, Troy Millings and Rashad Bilal that he built Big Dave’s solely in the beginning to honor his late father’s wishes.

Derrick Hayes’ Fiance & Personal Life

 

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Derrick Hayes is engaged to Slutty Vegan founder, Pinky Cole. The pair has been successful in their own business endeavors. Due to their success in business and charity, the two covered Essense magazine in the earlier 2022. Hayes and Cole are also parenting their young kids maintaining a healthy work-life balance in their professional careers.

Hayes has two daughters from his previous relationships and shares a daughter with Cole. The couple met first time during the George Floyd riots. At the time, Cole reached out to help him when his car windows were broken due to the uprising. Hayes was really moved by Cole’s nice gesture. He also revealed that the two had the same spirit, energy, and willpower to serve the community.

Derrick Hayes Net Worth

Derrick Hayes has earned an estimated net worth of $7 million as of 2023. He has accumulated a whopping sum from running his successful business, Bid Dave’s Cheesteakes. Hayes alongside his fiance, Cole also boasts a growing portfolio of real estate properties. Additionally, they have formed a partnership with Fortune 500 companies and also generate a lucrative amount from brand deals with Pepsi and Puma.