Intolerant Collectivists Send "Chick-Fil-A" Stock Soaring Hatching More BillionairesSubmitted by Barracuda_Trader on Tue, 07/31/2012 - 23:24
Hidden Chick-fil-A Billionaires Hatched as Value Soars
By Brendan Coffey - Jul 31, 2012
Chick-fil-A Inc., the Atlanta-based fast-food chain feuding with gay-rights advocates over some executives' stance on marriage, has served up two hidden billionaires.
The two sons of Samuel Truett Cathy, the chicken sandwich empire’s founder -- Dan Cathy, 59, and Donald Cathy, who is known as Bubba -- have joined the ranks of the world’s richest, according to a report published today by PrivCo, a New York- based research firm that specializes in private companies’ financial data.
The report values Chick-fil-A at $4.5 billion. Dan Cathy, the company’s president, and Don Cathy, its executive vice president, each own a third of the restaurant chain, according to a person familiar with the company who asked not to be named because it is closely held. Neither has appeared on an international wealth list.