Chicken-raiser entrepreneur Todd Graves is now worth $11.5 billion as his restaurant chain increased sales by a third last year.
The results of a man familiar with Baton Rouge, Louisiana, raised $5.1 billion in bookings for sugar cane, up about 34%. Adjusted earnings before interest, taxes, depreciation and amortization were $928 million, up 18%. The fast casual chain has added more than 137 locations, bringing the total to more than 900.
A spokesperson for raising sugar cane declined to comment.
The 53-year-old grave has about 90% of sugar cane. The company operates nearly all its restaurants, rather than franchising, and the Bloomberg Billionaire Index evaluates about $12.3 billion. According to the person, a third party estimated that the value would be reduced to $26 billion because the information was because the information was private.
Graves opened its first raised sugar cane on the Louisiana State University campus in 1996. He helped this adventure in various jobs, including fishing in Alaska and working in a refinery in California.
Some of Graves’ wealth has entered real estate. In June, he agreed to pay $15 million for a penthouse of about 4,000 square feet in Nashville. He also bought a two-story penthouse at the Knox Street luxury apartment building in Dallas.
The grave also collects historical relics, including a 66 million-year-old triceratops skull.
Last year, he made two guest appearances on the TV show Shark Tank, agreeing to invest about $700,000 in four companies.
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