Todd Graves, the entrepreneur behind the rapidly expanding Raising Cane’s Chicken Fingers, has secured a spot on the Forbes 400 list of richest Americans. From humble beginnings near LSU in 1996, Graves has grown Raising Cane’s to over 550 locations across more than half of the United States.
According to Forbes, Graves' net worth is estimated at a staggering $22 billion, placing him at number 46 on the prestigious list. Earlier in the year, he was ranked 293rd richest person in the world on the Forbes Billionaires List, showcasing his impressive financial ascent.
Graves isn't the only Louisianan on the Forbes 400. Gayle Benson, owner of the New Orleans Saints and the New Orleans Pelicans, ranks at No. 176 with a net worth of $7.9 billion. William Goldring and family, who own Sazerac Company, the spirits giant, come in at No. 246 with $6 billion.
Topping the Forbes 400 list is Elon Musk with an astounding $428 billion. He's followed by Oracle co-founder Larry Ellison at $276 billion and Facebook's Mark Zuckerberg at $253 billion.
The collective wealth of the 400 richest individuals in America has reached a record $6.6 trillion, marking a $1.2 trillion increase over the past year. This surge is attributed to booming stock markets and the ongoing AI revolution. The list also features fourteen new entrants, including four individuals with fortunes exceeding $10 billion.
The Forbes 400 list provides a fascinating snapshot of wealth accumulation and entrepreneurial success in America, highlighting individuals like Todd Graves who have built remarkable empires from the ground up.