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Tony Townley

Tony Townley

T. Townley
0% | + $0.00M
$1.22 B ₹ 11,140 Cr
Real Time Net Worth #2863 Ranking as of 21 Feb 2026 By Forbes

More on Tony Townley

Gender

Male

Age

64Y

Country

United States

Born On

January, 1962

Deceased

No

Relationship Status

Married

Children

Unknown

Education

Georgia Southern University - Bachelor'S

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Fast Food)

Primary Organization

Zaxby'S

Titles

Co-Founder

Sources of Wealth

Zaxby'S

Industry

Food-Beverage

About Tony Townley


T ony Townley is the co-founder of Zaxby's, a popular American fast-food chain specializing in chicken fingers and wings. He started the business in 1990 in Statesboro, Georgia, with his childhood friend Zach McLeroy. The duo pooled $16,000 to open their first restaurant, aiming to offer a higher quality chicken alternative to existing fast-food options. Zaxby's grew from a college town favorite into a regional powerhouse with over 900 locations across the southern United States.

Townley served as the company's Executive Vice President and Chief Strategy Officer for three decades before selling his stake to Goldman Sachs in 2020 for an estimated $2 billion. Following the sale, he has focused on managing his investments and extensive land holdings; he and his wife are among the largest landowners in Georgia, with vast timberland and farmland properties.

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Quick Reads


Early Life and Background


Tony Townley is an American businessman who cofounded the chicken chain Zaxby's with Zach McLeroy, his best friend since the seventh grade.

Townley and McLeroy started the venture by each putting up $8,000 to open the first Zaxby's restaurant in Statesboro, Georgia in 1990. The chicken chain grew into a successful regional fast-casual brand.

  • Core Company: Zaxby's, a chicken chain.
  • Founding: Cofounded with Zach McLeroy in 1990 with a $16,000 initial investment.
  • Wealth Pivot: Sold his stake to Goldman Sachs for nearly $1 billion (pre-tax) in 2020.

Career Journey of Tony Townley


Tony Townley's career is defined by the successful conception and scaling of the Zaxby's franchise model. After building the chain for three decades, he sold his stake to Goldman Sachs in 2020 for nearly $1 billion.

Following the exit, Townley and his wife Elizabeth poured a chunk of their earnings into buying at least 35,000 acres of timberland and farmland around Georgia. McLeroy, his partner, remained CEO after the sale but stepped down in 2022.

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Tony Townley's Timeline


1990:

Cofounds Zaxby's with Zach McLeroy.

2020:

Sells his stake in Zaxby's to Goldman Sachs for nearly $1 billion.

Ongoing:

Invests in 35,000 acres of timberland and farmland.

Major Business Ventures and Investments


Tony Townley's wealth is concentrated in the liquid proceeds from the Zaxby's sale and subsequent land investments.

  • Zaxby's (Cofounder): Sold his stake in the fast-casual chain in 2020.
  • Real Estate Holdings: Invested proceeds in buying at least 35,000 acres of timberland and farmland in Georgia with his wife.
  • Original Investment: Started the business with a modest $8,000 initial contribution.

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Philanthropy and Social Impact


Fashion, Style, and Lifestyle


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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He cofounded the chicken chain Zaxby's with his best friend, Zach McLeroy.
  • He sold his stake in 2020 to Goldman Sachs for nearly $1 billion.
  • He and his wife invested a large portion of their earnings in 35,000 acres of timberland and farmland.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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