Larry Lavine Net Worth (Updated 2026).
Larry Lavine, a name synonymous with the fast-casual dining scene, kicked off his culinary journey in the bustling city of Dallas, Texas. Born into a family of entrepreneurs, Lavine’s first foray into the food industry was at the tender age of 16, when he started working at a local restaurant. This humble beginning sparked an insatiable passion for the business, setting the stage for his future endeavors.
After honing his skills and gaining valuable experience, Lavine took a leap of faith in 1981 and opened his first restaurant, Chili’s, in a small shopping center. What started as a simple burger and bar concept quickly evolved into a phenomenon, thanks to Lavine’s innovative ideas and relentless drive. He introduced the now-iconic “Chili’s Baby Back Ribs” and pioneered the “table-side guacamole” preparation, setting Chili’s apart in the competitive Dallas dining scene.
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Larry Lavine’s Current Net Worth
As of 2025, Larry Lavine’s current net worth is estimated to be around $200 million. This figure reflects his successful career and various ventures in the restaurant industry.
Career
Larry Lavine is a renowned American restaurateur and businessman. He co-founded the popular restaurant chain, Chili’s Grill & Bar, in 1975. Under his leadership, Chili’s grew from a single Dallas location to a global brand with over 1,600 restaurants across 33 countries. Lavine served as the CEO of Chili’s parent company, Brinker International, from 1983 to 2006.
Other Ventures
After stepping down from Brinker International, Lavine ventured into other business opportunities. He co-founded the private equity firm, Lavine, Lesser & Associates, in 2007. The firm focuses on investing in middle-market companies. Lavine also serves on several corporate boards and is involved in various philanthropic activities.
Assets
Lavine’s assets include a significant stake in Chili’s Grill & Bar and other investments through Lavine, Lesser & Associates. He also owns several properties, including a sprawling estate in Dallas, Texas. Lavine’s art collection, which includes works by renowned artists like Andy Warhol and Roy Lichtenstein, is another notable asset.
Annual Income
Lavine’s annual income is primarily derived from his investments and business ventures. His exact annual income is not publicly disclosed. However, given his net worth and business portfolio, it’s estimated to be in the tens of millions of dollars annually.
Frequently Asked Questions about Larry Lavine
**Frequently Asked Questions: Larry Lavine Net Worth**
1. What is Larry Lavine’s net worth?
Larry Lavine’s net worth is estimated to be around $500 million.
2. How did Larry Lavine make his fortune?
Lavine made his fortune by founding the restaurant chain Chili’s Grill & Bar in 1975. He also served as its CEO until 1983.
3. When was Chili’s Grill & Bar founded?
Chili’s Grill & Bar was founded in 1975.
4. Where is Larry Lavine from?
Lavine is from Dallas, Texas.
5. Did Larry Lavine start any other businesses?
After leaving Chili’s, Lavine founded the restaurant chain Wingstop in 1994.
6. When did Larry Lavine sell Chili’s?
Lavine sold Chili’s to Brinker International in 1983.
7. What is Larry Lavine’s role in Wingstop now?
Lavine is the founder and chairman of Wingstop.
8. How many Wingstop locations are there?
As of 2021, there are over 1,400 Wingstop locations worldwide.
9. What is Larry Lavine’s education background?
Lavine graduated from the University of Texas at Austin with a degree in marketing.
10. What are some of Larry Lavine’s philanthropic efforts?
Lavine has been involved in various philanthropic efforts, including supporting the University of Texas at Austin’s McCombs School of Business and the American Red Cross.
