A few fast food hamburgers, potatoes, chicken and sauce fire view – Rimma Bondarenko/Shutterstock
Fast Food is an enormous global business. In 2023, the fast food market worldwide is over $ 750 billion ( Globenewswire), A scream that started in 1921, far from $ 0.05 white castle slides. This big market is growing. Until 2030, fast food restaurants are expected to be above $ 1 trillion per year.
Restaurant margins may be weak, but Fast Food’s scale economy can facilitate profits. And if the general manager is also the founder and owner of the company, they invest in the success of their business because they stop to get more prizes. This is the case for chief managers of popular chains such as Raising Cane’s and Panda Express.
Nevertheless, not only a founder’s club: In-N-Out CEO inherited the famous Burger chain from the family. And one more entry into this list has built their reserves as a special franchiseer in Australia for the biggest names in the American Fast Food. Let’s dive into the details of these high -level fast food delegations.
Upgrade Cane’s chicken fingers are signed against Blue Sky – Ken Wolter/Shutterstock
Todd Graves is the owner, founding partner and CEO of Raising Cane’s Chicken Fingers. The idea was born during his mission at Louisiana State University, where Graves took the worst grade among his peers. Nevertheless, he believed in the basic concept and founded Raising Cane’s in 1996. Today Graves has a personal net value of $ 9.5 billion. Forbes.
Unlike various bone fragments, boneless wings, ingots, tender and other chicken chains that serve more, the main plate in cultivation of cane is chicken fingers, including sandwiches made of chicken fingers in a bun. This menu may seem one -dimensional, but has a significant attractiveness. Forbes In 2024, the average upgrade Cane’s position sold $ 6.6 million and the company opened 118 new restaurants that year and defeated the prescribed growth of approximately 20%.
Cane’s chicken fingers can have a crisp, watery fee that he can expect from his name, but the first half of the title comes from an unusual place. Cane’s Raining’s name is from Graves’ ex -dogBaton Rouge is a Labrador Retriever called Cane, which is frequently seen on the construction site of the first restaurant in Louisiana. Cane and his successors Cane II and Cane III have served as the face of the business since then.
The outer part of the In-N-Out Restaurant-Robert V Schwemmer/Shutterstock
Lyns Snyder is the only grandson of Esther and Harry Snyder, the founders of In-N-Out Burger, and became the only heir of the company after the timeless death of his father and uncle. In 2010, Snyder became the chairman of the company and inherited the ownership seven years later. The Family Burger Empire helped Snyder get a net value of $ 7.3 billion. Forbes.
Snyder is sometimes defined as a hedest, and two kidnapping attempts in late young people came before their private life as an adult. However, this did not prevent his success with the family business. Although he did not take over the full control of the company until 2017, Bloomberg billionaire index Thanks to his interest in In-N-Out, he listed Snyder as a billionaire in 2013. Under its presidency, the brand has doubled its overall footprint, added at least 172 new stores and expanded to several new states since it took the rudder. Since the In-N-Out is a non-franchise special property, too much burger bucks in his pocket.
Panda Express Sign on Store – Jhvephoto/Shutterstock
Together, Andrew and Peggy Cherng are the founders, owners and CEOs of Panda Express. In addition to being married for 50 years, Cherngs, Forbes – Each of them is $ 3.7 billion – primarily in 1983 at the California dining court, a Glendale, Glendale, from the Chinese fast food chain they launched together.
The Panda Express story begins with a seating mandarin/sichuan cuisine restaurant Andrew and his father Ming-Tsai Cherng, founded in 1973. The new facilities that analyze sales helped Cherngs to save his own Fast Food Spinoffu Panda Express, which was instantly popular.
At the end of Panda Express, the shopping center grew food courts to their own physical locations and now runs more than 2,400 restaurants. Instead of selling Andrew Cherng, company or franchising places Forbes “We can run them better.” With 5 billion dollars in annual sales Most of them come from Panda Express’ Signature Orange Chickenmay be right.
A Burger -shaped sign in front of Hungry Jack’s Green Hills
Unlike the other billionaires on this list, Jack Cowin built his reserve as a leading franchiseer, first for KFC in 1969 and then for Burger King in 1971. Cowin founded competitive Foods Australia (CFA) to organize Fastin business and dive into other food production areas. He continues to be the owner, CEO and Chairman of the CFA and collected a net value of $ 3.3 billion. Forbes.
Cowin’s history is a bit full of Burger King. In 1971, there was an Australian restaurant called Burger King, so The name of Hungry Jack to the Kings of Australia Burger To prevent a trademark display. However, in the 1990s, Burger King began to build his own restaurants in Australia to force brand continuity on Cowin, and essentially turned him into a business opponent.
Cowin filed a lawsuit for a violation of the contract, and ultimately gained damage from Burger King to $ 75 million, which re -brand his own stores in Hungry Jack and doubled his investment. Although Cowin sold KFC restaurants in 2013, he is still a master of Burger King in Australia. In addition, in many major markets, including France, Japan and Australia, Domino’s main franchiser, as well as Domino’s Pizza Enterprises.
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