Billionaire Profile
T
Global Rank
#2851

Image: Townley, Morris MacDonald | Public domain | via Wikimedia Commons

Tony Townley

CEO, Fast food
UNITED STATES
Real-Time Net Worth
$1.225B
Estimated based on Fast food stock value as of March 6, 2026
0% (24h)
Age
63
Source
Fast food
Industry
Food & Beverage
Citizenship
UNITED STATES

Biography

Tony Townley, born in 1963, is a US citizen and a prominent figure in the fast-food industry. He co-founded the chicken chain Zaxby's in 1990 with Zach McLeroy. His career includes over 30 years of experience in overseeing the financial strategies and operations of fast-growing enterprises. After selling his stake in Zaxby's in 2020 to Goldman Sachs, Townley has focused on other ventures, including operating over 140 Zaxby's franchise locations independently and serving on the board of the biotechnology firm Aruna Bio. He and his wife have also invested in land, owning significant acreage in Georgia.

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

Wealth Over Time

In-Depth Profile

Early Life

Tony Townley was born in 1963. He met his future business partner, Zach McLeroy, in middle school in Athens, Georgia.

Rise to Success

In 1990, Townley, along with his best friend Zach McLeroy, co-founded Zaxby's. They each invested $8,000 to open the first restaurant near the campus of Georgia Southern University. Zaxby's became known for its chicken fingers, wings, and signature sauces. By 2023, the chain recorded $2.5 billion in systemwide sales. In 2020, Townley sold his stake in the business to Goldman Sachs for nearly $1 billion (pre-tax).

Key Business Strategies

Townley's key strategies included developing a strong brand identity for Zaxby's, focusing on quality and customer service, and expanding the franchise system. As part of the sale to Goldman Sachs, he also received more than 140 Zaxby's franchise locations.

Philanthropy

Townley and his wife Elizabeth have invested in conservation efforts. They own approximately 40,000 acres in Georgia and have donated conservation easements to preserve the land, aiming to prevent strip mining and protect water resources.

Career Milestones

1990

Co-founded Zaxby's

Co-founded Zaxby's Franchising with Zach McLeroy, growing it into a successful fast-food chain.

2020

Sold Zaxby's Stake

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

Ongoing

Board Member and Franchisee

Serves on the board of Aruna Bio and independently operates over 140 Zaxby's franchise locations.

Philanthropy & Social Impact

Environmental Conservation

Conservation Easements

$166.499

Donated conservation easements on approximately 794 acres of land in Georgia, aiming to preserve the land and prevent strip mining.