Who is the Owner of Raising Cane’s?

Raising Cane’s Chicken Fingers is a private fast-casual restaurant chain headquartered in Baton Rouge, Louisiana, United States. It is known for serving a focused menu of chicken fingers, crinkle fries, coleslaw, Texas toast, and its signature “Cane’s Sauce”. Founded in 1996 by Todd Graves and his college friend Craig Silvey, the company has grown substantially and is regarded as one of the fastest-growing chains in its category. As of 2025, the chain operates 900+ locations across the U.S. and internationally.

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Ownership Status of Raising Cane’s

Because Raising Cane’s is privately held, there is no single publicly traded owner of the company. Ownership is concentrated in private hands, primarily with the founder Todd Graves. Recent reporting indicates that Graves owns approximately 90% of the chain. Since there is no public stock, there are no SEC filings (such as 13D, 13G, 13F) for broad shareholder disclosure as you’d see in publicly-traded companies.

Major Shareholder

Shareholder / Entity	Ownership Percentage	Notes
Todd Graves	~ 90%	Founder & CEO; reported majority owner of the business.
Other Private Investors	~ 10% (or less)	Details not publicly disclosed due to private status.

Note: Because the company remains privately held, exact ownership details besides the large majority stake are not publicly available.

About the Owner, Todd Graves

Todd Bartlett Graves (born 1972) is the co-founder and CEO of Raising Cane’s Chicken Fingers. He grew up in Louisiana, graduated from Episcopal School of Baton Rouge and later earned his bachelor’s degree from the University of Georgia. After graduation, Graves pursued various jobs — including commercial fishing and working in a refinery — before returning home with approximately US $50,000 and a dream of opening a restaurant specializing in chicken fingers. In 1996, together with his friend Craig Silvey, he opened the first Raising Cane’s restaurant across from LSU’s North Gate in Baton Rouge. Graves named the restaurant after his yellow Labrador retriever, “Raising Cane”, who became the company’s mascot. Under his leadership, the company grew from that single location to hundreds of restaurants, maintaining a very focused and disciplined menu strategy.

Todd Graves’ Net Worth

Todd Graves’ net worth is a function of his large ownership stake in Raising Cane’s and the rapid growth of the company. According to some recent reports, Graves is valued among the richest restaurateurs in the world. For example, a 2025 Business Insider article estimated his net worth at US $22 billion, citing his ~90% ownership of the chain. Other sources provide varying estimates: one local news outlet (April 2025) cites a net worth of about US $9.5 billion. Bloomberg suggests he’s collected gross distributions of over US $500 million from Raising Cane’s since 2020. The discrepancy across sources reflects the challenges of valuing a private company stake and variations in methodology. Regardless of the exact figure, the prevailing consensus is that Graves is extremely wealthy, primarily through the success of his restaurant chain and his dominance of ownership.

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Key Shareholder Highlights

• With Graves owning ~90% of Raising Cane’s and maintaining leadership as CEO, he retains strong control over strategic direction, branding, menu design, expansion pace and culture.
• The private ownership structure allows the company to focus on its signature product and brand identity without the pressures of public shareholders, quarterly earnings calls, or activist investors.
• The high ownership by the founder underscores a long-term vision rather than short-term profit maximization, which aligns with Raising Cane’s emphasis on quality, simple menu and culture based on “One Love”.

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FAQs

1. Who is the current owner of Raising Cane’s?
There is no public “owner” in the sense of a listed parent company. The founder, Todd Graves, holds a dominant ownership position (~90%) and remains CEO.

2. Is Raising Cane’s publicly traded or privately owned?
Raising Cane’s is privately owned; its shares are not traded on any public stock exchange.

3. Who founded Raising Cane’s?
The company was founded in 1996 by Todd Graves and Craig Silvey.

4. Has the ownership changed recently?
As a privately held company, detailed ownership changes are not publicly disclosed. However, there have been no major publicly reported shifts in Graves’ majority stake. Ownership remains concentrated under his control.

5. What is Todd Graves’ net worth?
Estimates vary: some place it around US $9.5 billion (April 2025), while others estimate as high as US $22 billion (2025). The variation reflects differing valuations of the company and methodology.

Raising Cane’s Official Website

In summary, Raising Cane’s remains a privately held company, and the principal owner is its founder, Todd Graves, who retains approximately 90 % ownership and serves as CEO. His deeply rooted control over the business has enabled the chain to retain its simple menu, strong brand identity and aggressive growth trajectory. Graves’ personal net worth reflects the success of the business — though exact figures vary by source.