Ron Shaich
$1.2B
Born
Dec 30, 1953
Age
72
Source of Wealth
Restaurants
Residence
Miami, Florida
Citizenship
United States
Marital Status
Divorced
Children
2
Education
- Ron Shaich is the chairman of Mediterranean fast casual chain Cava and an investor in multiple fast-casual food brands.
- Shaich cofounded the bakery-cafe Au Bon Pain in 1981. With Shaich as its CEO, Au Bon Pain bought the predecessor to Panera Bread in 1993.
- In 2017, Shaich sold Panera to JAB Holdings for $7.5 billion; he pocketed nearly $400 million (pre-tax) from the sale.
- The next year, Shaich reinvested $300 million of the proceeds in Act III Ventures, a new fund he founded to back emerging restaurant chains.
- The fund's first big bet was on Cava, which went public at a nearly $5 billion valuation in June 2023.
- Shaich owned nearly 10% of Cava when the company IPO'd but has since sold more than half his shares for at least $600 million (pre-tax).
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