Todd Graves is an award-winning American entrepreneur and restaurant owner who has a net worth of $150 million. He is well-known as the founder and CEO of Raising Cane’s Chicken Fingers, a fast food restaurant franchise that specializes in fried chicken finger meals.
Graves and Craig Silvey opened the first restaurant in 1996 in Baton Louisiana for which Graves’ dog, Raising Cane I, served as the inspiration for the names of the establishments. Todd has expanded his business from a single restaurant in his hometown to over 550 locations across the United States and internationally.
Graves’ entrepreneurial drive has been praised by Forbes, Entrepreneur, Business Insider, Inc. Rolling Stone, and USA Today. He has appeared on MSNBC, FOX’s Your World with Neil Cavuto, FOX & Friends, CNN, and various other TV shows. In addition to being an entrepreneur, and restaurateur, he is also a big-time philanthropist who has assisted many charities over the years.
What is Todd Graves’ Net Worth?
|Net Worth||$150 Million|
|Income (Annual)||$20M – $30M|
Todd Graves Wealth Growth
|Net Worth in 2022||$150 Million|
|Net Worth in 2021||$135 Million|
|Net Worth in 2020||$125 Million|
|Net Worth in 2019||$110 Million|
|Net Worth in 2018||$80 Million|
Todd Graves was born on February 20, 1972, in New Orleans and was raised in Baton Rouge. He finished his graduation from Episcopal High School in Baton Rouge, Louisiana.
Graves studied at the Louisiana State University for a business degree. In order to test their company strategy, Graves and his longtime friend Craig Silvey took Silvey’s business plan course at LSU. Their professor said that a business that exclusively sold chicken fingers could never be successful after the project achieved a B in the class.
The two were unsuccessful in getting bankers to support their plan for a restaurant. In order to gather money to open the first restaurant, Graves first worked at a refinery in California before joining Silvey there as a salmon fisherman.
In 1996, Graves opened Raising Cane’s on Highland Road, just outside the North Gates of Louisiana State University. Graves managed the growth of the business during the following 25 years, resulting in more than 580 restaurants in the US and the Middle East.
Awards and Achievements
- Graves was recognized in Glassdoor’s 2019 Top CEOs in the United States, ranking #28 on the list.
- He was named the Restaurateur Of The Year in 2012 and Louisianan Of The Year in 2013 by The Louisiana Restaurant Association and Louisiana Life magazine, respectively.
- Graves received the SCORE Award for Socially Progressive Business in 2010.
- Graves was also selected as the Ernst & Young Entrepreneur of the Year in 2008.
Graves has appeared in various tv shows including The Secret Millionaire on Fox Broadcasting in 2008, a Q episode of Created for Business in 2020 where the Cruising Kitchens crew had two Raising Cane’s food trucks, Fast N Loud, Treehouse Masters, and Food Court Wars, custom built.
In the same year, Graves produced the 2021 television show, Restaurant Recovery in which he flew across the nation to assist restaurants that were about to close due to the COVID-19 outbreak.
Graves is married to Gwen, and they have two children as well as Raising Cane III, a yellow Labrador.
Graves personally as well as through Raising Cane’s contributes to numerous charitable organizations and organizations. Graves joined forces with the Manning Family and Michael Thomas in 2020 to feed thousands of front-line healthcare professionals fighting the epidemic.
He also paid his Crew Members to produce 10,000 masks to distribute to healthcare facilities and purchased $70,000 in gift cards to local restaurants in his town. Graves is an avid collector and has loaned a 66-million-year-old triceratops skull to the Louisiana Arts and Science Museum, as well as the hearse in which Martin Luther King, Jr. was killed, to museums across the country.
Graves also contributed over $400,000 to Plaquemines Parish non-profit organizations affected by Hurricane Katrina.
Graves owns a $1.8 million Harvard house with a view of one of the lakes and taxes estimated to be $22,500. Graves expanded the property with an extravagant tree house in 2015.
Todd Graves Net Worth
As of 2022, Todd Graves’ net worth is estimated to be $150 million. He amassed his fortune through his lucrative restaurant food chain across the world as well as various tv appearances.
He went from $30 dollars a month to over $1.9 billion in annual sales with over 500 restaurant franchises. Raising Cane’s, Graves’ restaurant chain is active in the community through volunteerism and monetary donations. They help schools, food banks, animal shelters, and active living initiatives.
Graves has explored an array of choices to help independents survive the storm and has settled on the Restaurant Recovery plan, which involves investing $100,000 of his own money in each restaurant. Graves claims that Raising Cane has returned more than 27 percent of its earnings to its community.