Billionaires
Raising Cane’s Founder Has $11.5 Billion Fortune as Sales Surge
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Chicken-fingers entrepreneur Todd Graves is now worth $11.5 billion after his restaurant chain boosted sales by more than a third last year.
Raising Cane’s booked revenue of $5.1 billion in 2024, an increase of about 34%, according to a person familiar with the Baton Rouge, Louisiana-based company’s results. Adjusted earnings before interest, taxes, depreciation and amortization were $928 million, an 18% increase. The fast-casual chain added more than 137 locations, bringing the total to more than 900.