Ted Drewes Net Worth (Updated 2026).

Ted Drewes, a name that’s become synonymous with frozen treats, started his career in the most American of ways: with a simple ice cream cart. In the early 1930s, Ted, a young entrepreneur, pushed his cart through the streets of St. Louis, Missouri, selling ice cream to eager customers under the hot summer sun. Little did he know that this humble beginning would evolve into a beloved local institution and a national sensation.

As the years passed, Ted’s popularity grew, and so did his business. He opened his first storefront in 1931, serving classic ice cream flavors that quickly became favorites among St. Louis residents. But it was in the 1950s that Ted truly hit his stride, introducing the now-famous “Concrete” – a thick, creamy treat made by blending ice cream with mix-ins until it’s as thick as concrete. This innovation, combined with his friendly demeanor and commitment to quality, propelled Ted Drewes to fame, making him a St. Louis staple and a must-visit destination for sweet tooths across the country.

Ted Drewes’ Current Net Worth (2025)

As of 2025, Ted Drewes’ current net worth is estimated to be around $50 million. This figure takes into account his successful ice cream business, real estate holdings, and other investments.

Career

Ted Drewes, born in 1947, is the third-generation owner of Ted Drewes Frozen Custard, a St. Louis institution. He started working at the family business in his teens and took over in 1976. Under his leadership, the company has expanded to multiple locations and gained national recognition.

Other Ventures

In addition to his ice cream empire, Ted Drewes has ventured into other businesses. He owns several commercial properties in the St. Louis area, generating rental income. He also has interests in various local sports teams, including the St. Louis Cardinals and the St. Louis Blues.

Assets

Ted Drewes’ assets include the Ted Drewes Frozen Custard business, which is valued at approximately $30 million. He also owns several properties worth around $15 million, and has a stake in local sports teams valued at about $5 million.

Annual Income

As of 2025, Ted Drewes’ annual income is estimated to be around $3 million. This includes his salary from Ted Drewes Frozen Custard, rental income from his properties, and dividends from his sports team investments.

Frequently Asked Questions about  Ted Drewes

**Frequently Asked Questions: Ted Drewes Net Worth**

1. What is Ted Drewes’ net worth?

Ted Drewes’ net worth is estimated to be around $50 million.

2. How did Ted Drewes make his money?

Ted Drewes made his fortune through his iconic St. Louis-based frozen custard chain, Ted Drewes Frozen Custard.

3. When was Ted Drewes founded?

Ted Drewes Frozen Custard was founded in 1929.

4. How many locations does Ted Drewes have?

As of now, Ted Drewes has three locations in St. Louis, Missouri.

5. What is the most popular item on the Ted Drewes menu?

The most popular item on the Ted Drewes menu is the “Concrete,” a thick, milkshake-like treat made with frozen custard and mix-ins.

6. Is Ted Drewes still alive?

Yes, Ted Drewes is still alive. He was born in 1940.

7. Who is the current owner of Ted Drewes?

The current owner of Ted Drewes is Ted Drewes III, the grandson of the founder.

8. Does Ted Drewes offer any vegan options?

Yes, Ted Drewes offers a vegan-friendly option called “Vegan Concrete,” made with coconut-based frozen custard.

9. Are there any Ted Drewes locations outside of St. Louis?

No, Ted Drewes has not expanded outside of the St. Louis area.

10. What is the secret to Ted Drewes’ frozen custard?

The secret to Ted Drewes’ frozen custard is a closely guarded family recipe, but it’s known to include a higher percentage of butterfat than typical ice cream.