Todd Graves, the founder and CEO of Raising Cane’s, has made an undeniable impact on the fast-food industry. As of November 2024, Forbes estimates his net worth at $9.5 billion, making him the richest person in Louisiana. With over 800 Raising Cane’s locations across 40 states, his business has generated $3.7 billion in sales in 2024 alone. His entrepreneurial success has also landed him a guest appearance on Shark Tank Season 16, where he will appear in Episode 4, airing November 8, 2024, on ABC.
Early Life and Business Beginnings
Born in 1972, Todd Graves is now 52 years old. He started Raising Cane’s in 1996, with a vision to create a chicken-finger-focused fast-food chain. The journey wasn’t easy—he had to work as a boilermaker and a commercial fisherman to save money for his first restaurant. By 2005, the company had grown significantly, generating $54 million in revenue across 28 locations.
However, Hurricane Katrina in 2005 dealt a heavy blow to the business. Despite the crisis, Graves refused to give up equity to investors, choosing instead to rebuild on his own terms. His calculated risks and strong belief in his business paid off, leading to the brand’s continued expansion.
Shark Tank Guest Appearance and Business Advice
Graves’ rise to billionaire status has made him a sought-after business figure, leading to his role as a guest shark on Shark Tank Season 16. He first appeared in the season premiere and is set to return for Episode 4 on November 8, 2024.
During a CNBC Make It interview on October 30, 2024, Graves reflected on his financial struggles, particularly after Hurricane Katrina. He explained why he refused to sell equity during tough times:
“I could’ve gone back and offered equity, but I didn’t want to say, ‘Hey, I screwed up with your money’ — even though they knew, [because] I showed them everything. And I just did not want to [give up] equity. The reason why I own so much of my company, versus some other people, is: I was very risk tolerant. Risk did not bother me at all.”
Graves emphasized that believing in your business is essential during adversity. His philosophy is to be transparent about challenges, plan meticulously, and never give up ownership unless absolutely necessary.
Real Estate Investments and Personal Life
Beyond his fast-food empire, Todd Graves has made major real estate investments. On July 11, 2024, Celebrity Net Worth reported that Graves purchased a $15 million penthouse in the Four Seasons Hotel & Residence in Nashville. The luxurious property spans 4,000 square feet and includes three bedrooms and three and a half bathrooms. His real estate ventures reflect his growing wealth and strategic investments outside of the restaurant industry.
Despite his massive success, Graves remains family-oriented and deeply connected to his Louisiana roots. While he keeps his personal life relatively private, he continues to share insights and updates on his official Instagram account, where he engages with fans and entrepreneurs alike.
Raising Cane’s Expansion and Future Plans
Under Graves’ leadership, Raising Cane’s has grown exponentially. The brand now operates in 40 states, with plans to expand further. The restaurant chain’s focus on high-quality chicken fingers, simple yet delicious menu offerings, and an unmatched customer experience has made it one of the fastest-growing fast-food chains in America.
Looking ahead, Raising Cane’s is expected to open new locations internationally, with strong interest from markets in Europe and Asia. Graves’ strategy involves staying true to the brand’s core values while adapting to new markets.
Todd Graves on Shark Tank: Upcoming Episodes
Fans of Shark Tank can catch Todd Graves in Episode 4 of Season 16, airing on November 8, 2024, exclusively on ABC. The following episode, Episode 5, is scheduled for November 15, 2024. As a guest shark, Graves brings his expertise in franchising, restaurant management, and business strategy to aspiring entrepreneurs.