Michael Teel
$1.5B
Born
May 15, 1951
Age
74
Source of Wealth
supermarkets
Residence
Sacramento, California
Citizenship
United States
Marital Status
Married
Children
0
Education
Bachelor of Arts/Science, Whittier College
- Michael Teel is the owner and chairman of Raley's, a Sacramento-based supermarket chain with estimated revenues of $6 billion.
- He is the third-generation owner. His grandfather, Tom Raley, founded the company in 1935.
- He took over from his mother, Joyce Raley Teel (d. 2022), who ran Raley's from 1991 to 2015, when she transferred ownership to Michael.
- Today Raley's has 235 stores in California, Nevada, Arizona, Washington, Alaska and Oregon.
- The company also operates stores in several tribal nations in the Southwest.
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