Bloomberg Billionaires Index

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# 452 Bubba Cathy $4.53B

Random fact: President of Dwarf House, the family's diner-style chain.

Overview

Cathy is a director and executive vice president 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, Dan Cathy, is chairman and chief executive at the family owned business.

As of :
Last change +$8.44M ( +0.2%)
YTD change +$792M ( +21.2%)
Industry Food & Beverage
Biggest asset Chick-fil-A
Citizenship United States
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

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

0
troy ounces of gold
0
barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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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:
Family: Married, 6 children
Education: Samford University

Donald "Bubba" Cathy is the youngest son of Samuel Truett Cathy, founder of the Chick-fil-A fast food chain. He helped his father at the family business as a child before completing a marketing degree at Samford University in Birmingham, Alabama.

Bubba joined Chick-fil-A as a construction apprentice in 1976. He operated his own restaurant for four years and by 1995 he was senior vice president. He became president of Dwarf House, the family's diner-style chain, in the same year. In 2012, he was appointed executive vice president of Chick-fil-A.

A member of the First Baptist Church of Jonesboro, Cathy is a keen motorcyclist and sailor.

Milestones
  • 1946 Truett Cathy opens his first diner, the Dwarf Grill.
  • 1967 The first Chick-fil-A restaurant opens.
  • 2004 Joins the board of directors at Chick-fil-A.
  • 2012 Appointed executive vice president of Chick-fil-A.