How much is Todd Graves Worth? Todd Graves Net Worth in 2026

By the Alux Research Team. How we estimate net worth

Todd Graves’s net worth is estimated at $14 billion as of November 2026. Almost all of it rests on chicken fingers. Graves opened the first Raising Cane’s next to Louisiana State University in 1996, partly with money earned at an oil refinery and fishing for sockeye salmon in Alaska, and he still owns about 90% of the chain.

Net worth	$14 billion (our estimate, range $11 billion to $18 billion)
Born	February 20, 1972, New Orleans, Louisiana (age 54)
Country	United States
Known for	Founder and owner of Raising Cane’s; guest shark on Shark Tank
Main income sources	About 90% of Raising Cane’s, a private company

How much is Todd Graves worth in 2026?

About $14 billion, by our estimate. Raising Cane’s publishes no accounts, so the number rests on industry sales data, a credit agency’s view of its margins and the price investors pay for a comparable listed chain. It is an estimate with a wide range: a few points of margin or a different multiple moves it by billions.

How we got to $14 billion

Source	Our estimate	What it rests on
About 90% of Raising Cane’s	$13.4 billion	2025 sales of $5.48 billion (Technomic data) at a 15% EBITDA margin (Fitch puts it in the mid-teens; 15% is our pick) gives about $820 million of EBITDA. At 20 times, a step below Chipotle’s 22 times EBITDA on November 10, 2026, the business is worth $16.4 billion. We take off $1.5 billion of debt, our assumption, leaving $14.9 billion, and credit him 90%.
Cash, property, collections and investments	$600 million	Our assumption. Thirty years of profits from a business he controls, plus collectibles such as a triceratops skull he has loaned to the Louisiana Arts and Science Museum. None of it is valued publicly.
Total	$14.0 billion	Rounded to $14 billion.

The 90% stake is reported, not filed: an industry analysis of the company puts it above 90%, and CNBC reported in 2025 only that he owns the majority. The debt figure is ours: the company has raised term loans of $500 million in 2023 and again in June 2026, and the full balance is not public.

$18 million a restaurant

Raising Cane’s ended 2025 with 913 restaurants in the United States, according to Technomic figures cited in an analysis of the chain’s business model. Our calculation: $16.4 billion of business value spread over 913 restaurants is about $18 million each, roughly three years of sales at the $6 million to $6.6 million a typical Cane’s takes in.

The same arithmetic shows how touchy the figure is. One percentage point of margin on $5.48 billion of sales is about $55 million of yearly profit. At 20 times, that is $1.1 billion of value, and $990 million of it is his.

Why the chain is worth so much

Sales were $5.1 billion in 2024, more than double 2021, and the chain opened 118 restaurants that year, CNBC reported. Franchisees run only about 3% of the locations, so the company keeps the profit from nearly every basket of fingers. The average restaurant took in $6.6 million in 2024, more than double the fast-food average, though still behind Chick-fil-A’s $9.3 million.

The pace has not slowed much. Back in 2019 the chain had 457 restaurants and nearly $1.5 billion of sales, Nation’s Restaurant News reported in 2024. It passed 1,000 restaurants worldwide in March 2026 and plans master franchise partners in Mexico and the UK. The stated goal is 1,600 restaurants and $10 billion of sales by about 2030.

The dog, the refinery and the salmon boat

Graves was born in New Orleans, grew up in Baton Rouge and studied at the University of Georgia. He has said the business plan came from a course at LSU. To fund it he worked at an oil refinery and fished for sockeye salmon in Alaska, then opened at the North Gates of LSU in August 1996 at 24. The chain is named after his Labrador retriever, Raising Cane. The original restaurant still trades and the company calls it The Mothership.

ABC cast him as a guest shark for season 16, which premiered in October 2024. His ABC bio says the company had given more than $140 million to local communities over 28 years and planned to give over $28 million that year.

Why other estimates disagree

There is no share price, so every public estimate picks its own margin and multiple. A higher multiple, or leaving out the debt, pushes the figure up by billions; a steep discount for a private chain with negative free cash flow while it builds about 100 restaurants a year pulls it down.

What would move the figure

A stake sale or listing would give the first real price. Short of that, watch margins and openings: a credit agency expects mid-single-digit revenue growth in 2026, and the chain’s free cash flow stays negative while it builds.

Todd Graves net worth FAQ

What is Todd Graves’s net worth?

We estimate $14 billion as of November 2026, based on about 90% of Raising Cane’s valued at $16.4 billion before debt.

How much does Raising Cane’s make a year?

The chain does not publish accounts. Industry data put 2025 United States sales at $5.48 billion, up 10.6%, and the company told CNBC 2024 sales were $5.1 billion.

How much of Raising Cane’s does Todd Graves own?

About 90%, by reported estimates. Franchisees run only about 3% of the restaurants.

How did Todd Graves pay for the first Raising Cane’s?

Partly with money from working at an oil refinery and fishing for sockeye salmon in Alaska. The restaurant opened in August 1996.

Was Todd Graves on Shark Tank?

Yes, as a guest shark in season 16, which premiered in October 2024.

How old is Todd Graves?

He was born on February 20, 1972, so he is 54.

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How we estimate net worth

Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.

Last updated: November 2026.