The Cathys are the family behind Chick-fil-A, a popular and highly profitable fast-food chain.
Dan and Bubba Cathy, the company’s CEO and executive VP, have a collective reported $11 billion fortune, making them America’s 15th-richest family “dynasty,” according to a recent report.
In 2018, Chick-fil-A generated more than $10 billion in revenue.
When it comes to the Cathy family’s reported $11 billion fortune, it’s all about the fried chicken. That’s because the Cathys are the family behind the Chick-fil-A empire.
S. Truett Cathy officially founded the popular fast food chain in the 1960s, laying the roots for what is today America’s 15th-richest family wealth “dynasty,” according to the left-leaning Institute for Policy Studies’ “Billionaire Bonanza” report.
Since then, the family-owned business has remained in the hands of second and third generation family members. Truett’s sons, Dan and Don “Bubba” Cathy, currently run the company as CEO and executive vice president, respectively — they each have a reported net worth of $5.5 billion, according to the Forbes 400.
Born and raised in the south, the Cathy family has been dedicated to continuing Truett’s legacy, growing Chick-fil-A across the US. Chick-fil-A has been celebrated for its company culture, customer service, and quality food, but it’s also received backlash over anti-same-sex marriage issues that align with the Cathys’ Christian beliefs.
Take a look inside the rise of Chick-fil-A and the family behind it.
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The Cathy family’s multi-billion fortune is rooted in the fast-food chain Chick-fil-A.
Source:: Business Insider