Cathy is the chairman and chief executive of Chick-fil-A, a fast food chain with more than 2,400 restaurants. The Atlanta-based company had revenue of $3.8 billion in 2019. It was founded by Cathy's father, Truett Cathy, in 1946 and his brother, Bubba Cathy, is a director at the family owned business.
Dan Cathy's net worth of $5.72B can buy ...
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Cathy's fortune is derived from his co-ownership of Chick-fil-A, an Atlanta-based fast food chain. The company has more than 2,400 restaurants, according to its website. It reported revenue of $3.8 billion in 2019, according to its franchise disclosure document.
Chick-fil-A is valued using the average enterprise value to-Ebitda multiple of four publicly traded peer companies: McDonald's, Wendy's, Jack In The Box and Yum! Brands. The financial results used in the analysis were updated on Aug. 4, 2020 and this led to an increase in the calculation of about $400 million.
The closely held company is family owned, according to its website. Bloomberg News reported in 2012 that Dan, Bubba and their father Truett, who has since died, each owned one-third of the business. This analysis assumes that Dan and Bubba continue to own one-third each based on their continuing executive control of the company.
Carrie Kurlander, a spokesperson for Chick-fil-A, said that company stock is owned by multiple family members and declined to comment further.
Dan Cathy was born on March 1, 1953. The oldest of Samuel Truett Cathy's three children, he grew up helping at his family's restaurant business, including filling ketchup bottles as a child. He joined the company full-time in 1970.
After working a series of jobs Cathy took over as president of chain in June 2001. He was named chairman and chief executive in 2013.
A Christian, Cathy has continued the tradition begun by his father and keeps Chick-fil-A stores closed on Sundays. In 2012, his views on gay marriage attracted controversy. In a report in the Baptist Press he said: "We are very much supportive of the family -- the biblical definition of the family unit."
Cathy's a trumpet player, motorcycle enthusiast and bible studies teacher, according to the company's website. He lives on a farm, south of Atlanta.