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Grizzly Bulls’ Billionaires Index

⬅ # 222 Goh Cheng Liang|# 224 Bubba Cathy ➡

# 223 Dan Cathy 

$10.8B

Real Time Net Worth
as of 12/19/2024

# 223 Dan Cathy 

$10.8B

Real Time Net Worth
as of 12/19/2024
OccupationChair, Chick-fil-A
Source of WealthChick-Fil-A
Age71
ResidenceAtlanta, Georgia
Marital StatusMarried
Children2
EducationBS, Georgia Southern University
Age-Adjusted Net Worth$5.11B
Dan Cathy
Dan Cathy
United States
Net worth: $10.8B

Self-Made Score 

Longines Heritage Flagship Automatic Silver Dial Brown Leather Men's Watch

Wealth History

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Biography

Early Life and Family

Daniel Truett Cathy was born on March 1, 1953, in Jonesboro, Georgia, as the eldest child of S. Truett Cathy and Jeanette Cathy.
He grew up alongside his younger brother, Bubba Cathy, and sister, Trudy, in an environment deeply involved with the restaurant business.
Cathy began his early involvement in the family business by doing radio commercials for his father's original Dwarf House restaurant while still attending local schools.
He pursued higher education and earned a bachelor's degree in business administration from Georgia Southern University in 1975.
After graduation, Cathy joined his father's company full-time, which was already expanding into a franchise chain known as Chick-fil-A.
Cathy's father, S. Truett Cathy, founded Chick-fil-A in 1967, which became a fast-food juggernaut.

Career

Starting as director of operations, Cathy steadily climbed the ranks, eventually becoming chairman and CEO of Chick-fil-A in 2013.
He is known for spending a significant amount of time visiting the chain's 2,000 restaurants nationwide, emphasizing hands-on involvement.
In late 2021, Cathy stepped down as CEO but retained his position as Chairman of the Board, passing the CEO role to his son, Andrew Cathy.
Cathy holds honorary doctorates from several institutions, including the University of West Georgia, Anderson College, Carver College, and Pepperdine University.
His family also operates the WinShape Foundation, a non-profit organization supporting various Southern Baptist ministries and initiatives.
Cathy's philanthropic efforts extend beyond business, as he actively engages in social causes, notably addressing racism and repentance.

Views on Same-Sex Marriage

Cathy's stance on same-sex marriage drew significant attention after he publicly expressed opposition in July 2012, aligning with conservative Christian causes.
Chick-fil-A, under Cathy's leadership, was reported to have spent millions of dollars on initiatives opposing same-sex marriage and providing conversion therapy.
In March 2014, Cathy acknowledged that supporting political or social agendas had been a 'mistake' for the WinShape Foundation, his family's organization.
Despite this acknowledgment, Cathy continued to contribute to campaigns aligned with his ideological political agenda.
He emphasized Chick-fil-A's commitment to treating every person with honor, dignity, and respect, regardless of differing viewpoints.
Reports in June 2021 suggested Cathy's involvement in funding opposition to the Equality Act through the National Christian Charitable Foundation.

Personal Life

Outside of business, Cathy leads a private life, married with two children, residing in Atlanta, Georgia.
Despite controversies surrounding his public statements, Cathy's personal life remains relatively guarded.

Dan Cathy's Wealth is Equivalent to:

8,275,597 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

2,034,059 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

109,868 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Dan Cathy?

If you started with $10,000 and invested an additional $500 each month at a 42.79% CAGR, it would take you 5 years to reach Dan Cathy's net worth of $10.8B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 66.02% compared to 28.56% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Dan Cathy is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Dan Cathy, Chick-Fil-A is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey