Todd Graves Net Worth 2022: What’s the Interesting Thing About His Television Appearances?
Todd Graves is a restaurant owner and award-winning American entrepreneur. He is well-known as the founder and chief executive officer of Raising Cane’s Chicken Fingers, a franchise of fast food restaurants specializing in fried chicken finger meals.
Graves and Craig Silvey founded their first restaurant in 1996 in Baton Rouge, Louisiana. The names of the restaurants were inspired by Graves’ dog, Raising Cane I.
From a single restaurant in his hometown, Todd has developed his business to more than 550 sites across the United States and worldwide.
Forbes, Entrepreneur, Business Insider, Inc., Rolling Stone, and USA Today have all lauded Graves’ entrepreneurial spirit. He has been on MSNBC, Your World with Neil Cavuto, FOX & Friends, CNN, and other television programs.
In addition to being an entrepreneur and restaurant, he is a major philanthropist who has helped numerous charities throughout the years.
|$20M – $30M
Todd Graves was born in New Orleans on February 20, 1972, and reared in Baton Rouge. He completed his high school education at Episcopal High School in Baton Rouge, Louisiana.
Graves pursued a business degree at Louisiana State University. Graves and his old friend Craig Silvey enrolled in Silvey’s LSU course on business plans in order to evaluate their company’s approach.
The instructor stated that a business that sold just chicken fingers could never be successful after the project received a grade of B.
The two were unable to convince bankers to back their restaurant venture. Graves worked in a refinery in California before joining Silvey as a salmon fisherman in order to raise funds for the opening of his first restaurant.
Graves built Raising Cane’s on Highland Road in 1996, just outside of Louisiana State University’s North Gates.
Graves oversaw the expansion of the firm for the next 25 years, culminating in over 580 locations throughout the United States and the Middle East.
Honors and Accomplishments
Graves was ranked #28 on Glassdoor’s 2019 list of the Top CEOs in the United States.
- The Louisiana Restaurant Association and Louisiana Life magazine awarded him, Restaurateur of the Year, in 2012 and Louisianan of the Year in 2013, respectively.
- In 2010, Graves was awarded the SCORE Award for Socially Progressive Business.
- In 2008, Graves was also named Ernst & Young Entrepreneur of the Year.
What’s the Interesting Thing About His Television Appearances?
Graves has appeared in a number of television programs, including The Secret Millionaire on Fox Broadcasting in 2008 and a Q episode of Created for Business in 2020 in which the Cruising Kitchens crew had two Raising Cane’s food trucks, Fast N Loud, Treehouse Masters, and Food Court Wars custom-built.
Graves produced the 2021 television show Restaurant Recovery in the same year, flying throughout the country to assist eateries that were set to collapse due to the COVID-19 epidemic.
Graves is married to Gwen, and the couple has two children and a yellow Labrador named Raising Cane III.
Graves supports both individually and through Raising Cane’s several philanthropic organizations and organizations.
Graves partnered with the Manning Family and Michael Thomas in 2020 to feed thousands of frontline healthcare workers combating the epidemic.
In addition, he compensated his crew members for producing and distributing 10,000 masks to healthcare providers and purchased $70,000 in gift cards for local eateries.
Graves is an ardent collector who has lent a 66-million-year-old triceratops skull to the Louisiana Arts and Science Museum and the hearse in which Martin Luther King, Jr. was assassinated to museums throughout the nation.
In addition, Graves donated nearly $400,000 to non-profit groups in Plaquemines Parish that were impacted by Hurricane Katrina.
Todd Graves’s Net Worth
Todd Graves estimated net worth in 2022 is approximately $150 million. He amassed his money through his internationally successful restaurant company and numerous television appearances.
With over 500 restaurant franchises, he increased sales from $30 per month to over $1.9 billion per year.
The restaurant business Raising Cane’s, owned by Graves, is involved in the community through volunteerism and monetary donations. They assist schools, food banks, animal shelters, and initiatives promoting active living.
Graves has investigated a variety of options to assist independents in weathering the storm and has opted for the Restaurant Recovery plan, which entails his spending $100,000 of his own money on each restaurant.
Graves asserts that Raising Cane’s has donated over 27 percent of its profits to the local community.
Graves has a $1.8 million home in Harvard with a lake view and projected taxes of $22,500. In 2015, Graves augmented the property with an elaborate tree home.