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Dan Cathy Net Worth 2020

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Facts of Dan Cathy

Full NameDaniel Truett Cathy
First NameDaniel
Middle NameTruett
Last NameCathy
Birth NameDaniel Truett Cathy
ProfessionBusinessman (CEO & Chairman of Chick-fil-A)
NationalityAmerican
EthnicityWhite
Birth CityJonesboro, Georgia
Birth CountryUnited States
Father NameS. Truett Cathy (late)
Father ProfessionBusinessman
Mother NameJeanette Cathy
Gender IdentityMale
Sexual OrientationStraight
HoroscopePisces
Marital StatusMarried
SpouseRhonda Palmer
No Of Children2
Networth4500000000
Sibilings2
EducationGeorgia Southern University, Pepperdine University School of Law
Networth$4.5 B
Facebook Profile
Twitter Profile
Date of BirthMarch 1,1953
Age67 years

Dan Cathy, an American businessman, the CEO & Chairman of Chick-fil-A, a fast-food chain, established in 1967 by his father S. Truett Cathy. Formerly, he was President & COO of the food chain until 2013 & later became its CEO onward to date. 

Considered the beloved fast-food restaurant in 2018 in the American Customer Satisfaction Index's annual survey, the Chick-fil-A franchise now operates over 2,300 restaurants across the USA.

Indeed, as an heir of the billion-dollar franchise with his brother Bubba, Dan Cathy stands with a tag of a billionaire.

How Much Is Dan Cathy's Net Worth In 2020?

After the death of his father S. Truett Cathy in 2014, Dan Cathy & his brother Bubba oversee the Chick-fil-A & are the heirs of the fast-food chain. 

Indeed, with the decades of the successful run & goodwill, Chick-fil-A has become a money-showering franchise. According to Celebrity Net Worth, in 2019, the Cathy family with a fortune of $11 billion became one of the richest American family dynasties.

As per Forbes, as of April 9, 2020, 67-year-old Dan has a net worth of $4.5 billion

Dan Cathy has a net worth of $4.5 billion as of April 9, 2020; he heir as well as CEO & Chairman of his father's fast-food franchise Chick-fil-A
Dan Cathy has a net worth of $4.5 billion as of April 9, 2020; he heir as well as CEO & Chairman of his father's fast-food franchise Chick-fil-A

Source: Forbes

Reportedly, in May 2019, his worth accumulation stood at $6.6 billion while in 2018, Cathy & his brother Bubba owned $5.5 billion each.

Considered one of the most profitable fast-food chains in America, each of the Chick-fil-A restaurants averaged earnings of $4.8 million.

In 2018, the annual revenue of the chain was reported to be $10 billion; indeed it's a fruitful sum through its 2,300 restaurants launched across 47 states including big cities Washington, D.C., Los Angeles, Chicago & New York.

Dan Cathy's Net Worth Over The Years:

YearFortune
2015 (September)$3.5 billion
2016March$3.3 billion
October$3.6 billion
2017March$3.8 billion
October$4.6 billion
2018March$4.8 billion
October$5.5 billion
2019March$6 billion
October$5.7 billion
2020 (April)$3.4 billion

Establishment Of 'Chick-fil-A' By His Father

The food venture started with Dan's father Truett & uncle Ben, opening Dwarf Grill (later named Dwarf House) in 1946, a diner in Hapeville, Georgia.

However, after 3 years of the restaurant's run, Truett's brother Ben (Dan's uncle) died in a plane crash & took the career of the business of his own.

Thereafter, in 1967, the Dwarf House was re-branded & Chick-fil-A was established. Furthermore, Truett launched an independent restaurant Truett's Grill in 1996 in Morrow, Georgia, & it later replaced the locations of several Dwarf Houses in 2017.

Did you know? Chick-fil-A is closed on Sundays for prayers, as the Cathy family of Southern Baptist values is influenced by religious beliefs.

Dan Cathy Is An Heir Of Chick-fil-A: What Roles Did He Take?

Reportedly, during the launch of Dwarf House, Dan worked for its radio commercials & by the time, the Chick-fil-A was founded, Dan attended school.

Following graduation from Georgia Southern University in 1975, he began working his father Truett's food-chain restaurants, doing odd jobs such as scraping chewing gum from table bottoms.

After working as director of operations, in June 2001, Dan Cathy was appointed as the COO/President of food-franchise & served until November 2013.

Shortly after, he was promoted to Chairman/President/CEO of Chick-fil-A & stepped down as President in May 2016.

Before being CEO & Chairman of Chick-fil-A, he did odd jobs in the fast-food chain restaurant & became its director of operations &  then its President/Coo
Before being CEO & Chairman of Chick-fil-A, he did odd jobs in the fast-food chain restaurant & became its director of operations &  then its President/Coo

Source: P-interest

Since 2016, Dan Cathy is serving as CEO & Chairman of the American fast-food chain.

Reportedly, after father Truett Cathy's death, the College Park, Georgia-headquartered chain was left to Dan Cathy & his brother Bubba Cathy.

Meanwhile, Bubba is Senior Vice President of Chick-fil-A, Inc.& President of Truett's Grill restaurant concepts in Georgia.

Dan Cathy and his brother Bubba Cathy
Dan Cathy and his brother Bubba Cathy (right)

Source: Chick-fil-A

Dan's sister Trudy Cathy White formerly served as operator of Chick-fil-A restaurant in Birmingham, Alabama & now serves as an ambassador of the franchise.

Is Father Of 2 & Lives In Atlanta

Dan Cathy lives with his wife Rhonda Palmer in Atlanta, Georgia, however, is tight-lipped regarding the detail of his residence as well as their marriage.

Together with Rhonda, Cathy became the father of 2 sons: Andrew and Ross; moreover, Dan is grandfather to 3 grandchildren.

Dan Cathy & his wife Rhonda Palmer
Dan Cathy & his wife Rhonda Palmer

Source: Alot Living

The median house price in Atlanta is $288,746.

Reportedly, Dan Cathy was raised alongside his siblings (brother Bubba & sister Trudy) in a "modest house" in Hampton, Georgia

However, his father owned a collection of cars: 1937 Lincoln Continental, George Glaze's Brewster 8 Town Car, and a 1931 Duesenberg.

Father's Vacation House Was Put For Sale

As per News-Journal Online, after a year of his father's death, in 2015, Dan & his family members put their family vacation home in New Smyrna Beach for $2.5 million.

Dan's father Truett Cathy's vacation home in New Smyrna Beach
Dan's father Truett Cathy's vacation home in New Smyrna Beach

Source: News-Journal Online

Located at Sugar Mill Golf & Country Club, the nine acres property named The Lodge, features a 7,210-square-foot house with 6 bedrooms, 6 full bathrooms & 2 half-bathrooms.

Moreover, along with 2 tennis courts, the estate boasted a heated swimming pool & a 3-acre private lake.

However, no official report on the sales came up.

Controversy For Opposition Of Same-Sex Marriage

Raised as a devout Southern Baptist, Dan Cathy made highlights in 2012 after he stated that he opposes same-sex marriage. Furthermore, Cathy claimed to be a supporter of conservative Christian causes.

According to a report by  Equality Matters, an LGBT watchdog group, Cathy's foundation WinShape Foundation had donated a total of $5 million since 2003 ($2 million in 2009 & $1.9 million in 2010), for the anti-gay initiatives.

Even though, Dan stated himself "guilty as charged", he rejected the claims on the anti-gay agenda, rather told that his views were "biblical definition of the family unit."

Charity Works & Donation

Despite a backlash due to his comments on same-sex marriage, Dan Cathy's charity works & his commitments to his employees grab another story of reputation.

Since 1973, Cathy's family runs a scholarship program Remarkable Futures Initiative, that provides scholarships to restaurant team members.

In 2018, they awarded $14.65 million in scholarship & records a total of $75 million.

Dan Cathy's family awards scholarships to its restaurant team members through a program named Remarkable Futures Initiative
Dan Cathy's family awards scholarships to its restaurant team members through a program named Remarkable Futures Initiative

Source: The Chicken Wire

Dan's parents founded WinShape Foundation in the 80s- the organization donates to Christian organizations for residential camps & foster homes.

Moreover, the Cathy family's Chick-fil-A Foundation dedicates for hunger, homelessness and education causes; reportedly, it has donated over $52 million in grants.

In 2017, the non-profit organization donated $150,000 to Salvation Army & for the Angel Tree program in Atlanta.

Dan Cathy's Short-Bio

Dan was born on March 1, 1953, in Jonesboro, Georgia, the USA, to S. Truett Cathy & Jeanette Cathy. His birth name is Daniel Truett Cathy.

Cathy has an elder sister named Trudy & a younger brother Donald M. "Bubba" Cathy.

In 1975, he graduated from Georgia Southern University with a Bachelor's Degree in Business Administration. Later, he obtained a Doctorate Degree from Pepperdine University School of Law.

Updated On Thu Apr 09 2020 Published On Thu Apr 09 2020 By CRM

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