Bloomberg Billionaires Index

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# 452 Dan Cathy $4.53B

Random fact: Chick-fil-A opened its first Manhattan restaurant in 2015.

Overview

Cathy is the chairman and chief executive of Chick-fil-A, a fast food chain with more than 2,100 restaurants. The Atlanta-based company had revenue of $3 billion in 2018. It was founded by Cathy's father, Truett Cathy, in 1946 and his brother, Bubba Cathy, is a director at the family owned business.

As of :
Last change -$10.3M ( -0.2%)
YTD change +$785M ( +21.0%)
Industry Food & Beverage
Biggest asset Chick-fil-A
Citizenship United States
Age 66
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Dan Cathy's net worth of $4.53B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Cathy's fortune is derived from his co-ownership of Chick-fil-A, an Atlanta-based fast food chain. The company has more than 2,100 restaurants, according to its website. It reported revenue of $3 billion in 2018, according to its franchise disclosure document.

Chick-fil-A is valued using the average enterprise value-to-sales, enterprise value to-Ebitda and price-to-earnings multiples 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 July 16, 2019 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.

Biography

Birthdate: 3/1/1953
Family: Married, 2 children
Education: Pepperdine University School of Law, Georgia Southern University Housing Foundation

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.

Milestones
  • 1946 Truett Cathy opens his first diner, the Dwarf Grill.
  • 1967 The first Chick-fil-A restaurant opens.
  • 2001 Appointed president of Chick-fil-A.
  • 2013 Becomes chairman and chief executive.