Rank #2971
Ron Shaich
Net worth $1.3B
Restaurants · United States
- Born
- Dec 30, 1953
- Age
- 72
- Source
- Restaurants
- Residence
- Miami, Florida
- Citizenship
- United States
- Marital status
- Divorced
- Children
- 2
- Education
Net worth over time
Biography
- 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).
Financial assets
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