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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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.
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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Cofounds Zaxby's with Zach McLeroy.
Sells his stake in Zaxby's to Goldman Sachs for nearly $1 billion.
Invests in 35,000 acres of timberland and farmland.
Tony Townley's wealth is concentrated in the liquid proceeds from the Zaxby's sale and subsequent land investments.
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+0.03% | +$1.09M
+1.71% | +$31.24M
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