Billionaire Profile
M
Global Rank
#2506

Image: Central Intelligence Agency | Public domain | via Wikimedia Commons

Michael Teel

CEO, Supermarkets
UNITED STATES
Real-Time Net Worth
$1.507B
Estimated based on Supermarkets stock value as of March 6, 2026
0% (24h)
Age
74
Source
Supermarkets
Industry
Fashion & Retail
Citizenship
UNITED STATES

Biography

Michael Teel is the Chairman and owner of Raley's, a supermarket chain with over 235 stores in California, Nevada, Arizona, Washington, Alaska, and Oregon, with estimated revenues of $6 billion. He is the third-generation leader of the family business, taking over from his mother, Joyce Raley Teel. Michael Teel's career began with bagging groceries and progressed to store manager. He later led innovations in the Bakery and the company's Bay Area expansion. He became Chief Operating Officer in 1995, President in 1996, and Chief Executive Officer in 1998 before transitioning to majority ownership in 2015. Teel's leadership is guided by a vision to enhance customers' lives through health and happiness, emphasizing sustainable food choices and community engagement.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Michael Teel's deep connection to the grocery business stems from his upbringing. As the grandson of Tom Raley, the founder of Raley's, and the son of Joyce and Jim Raley Teel, he was immersed in the business from a young age. His mother, Joyce, ran Raley’s from 1991 to 2015 before transitioning ownership to Michael. His father, Jim, is also involved in the company.

Rise to Success

Teel's career at Raley's began at the ground level, bagging groceries. He then rose through the ranks, becoming a store manager, and later contributing to innovations within the company, including the expansion into the Bay Area. In the 1990s, Teel worked alongside executives, preparing him for senior leadership. His dedication and vision led to his appointments as Chief Operating Officer in 1995, President in 1996, and Chief Executive Officer in 1998. In 2002, Teel left the company, returning in 2010 as President & CEO. In 2015, he took majority ownership of Raley's from his parents.

Key Business Strategies

Teel's leadership focuses on providing a personalized customer experience and inspiring team member engagement. Under his guidance, Raley's has aimed to change how the world eats by emphasizing sustainable and healthy food choices. He is involved as a Board Member of the Greater Sacramento Area Economic Council, dedicated to growing sustainable businesses in the region. Raley's also focuses on removing products like cigarettes and sodas from registers to improve health.

Philanthropy

The search results did not provide specific data for Michael Teel's philanthropy. However, his mother, Joyce Raley Teel, played a significant role in the company's philanthropic efforts, including the creation of the nonprofit Food For Families. In 2019, the nonprofit raised $5 million to feed the hungry.

Career Milestones

1995

Chief Operating Officer

Appointed Chief Operating Officer of Raley's.

1996

President

Became President of Raley's.

1998

Chief Executive Officer

Named Chief Executive Officer of Raley's.

2015

Majority Owner

Assumed majority ownership of Raley's.

Philanthropy & Social Impact

Food Security

Food For Families

$5M

Nonprofit created by Joyce Raley Teel that raised $5 million in 2019 to feed the hungry.