What was Wayne Kent Taylor's net worth and how did he die?

FOUNDER and CEO of Texas Roadhouse restaurants Wayne Kent Taylor has passed away at the age of 65.

The culinary wizard and inspiring entrepreneur had a dream of opening a Colorado-themed diner before he went on to launch a successful chain of steak restaurants across America.

Who was Wayne Kent Taylor?

Wayne Kent Taylor is a business tycoon, known for his signature brown cowboy hat, who founded Texas Roadhouse.

After kicking off his restaurant career in the 1980s working at Bennigan's, he later moved on to become a manager at KFC – where he began planning his pioneering dining.

Taylor opened the Buckhead Hickory Grill in 1991, acting as his own executive chef.

He later set his sites on a steak concept, and opened the first Texas Roadhouse in 1993 in Clarksville, Indiana.

The entrepreneur also launched further food endeavors, two casual eateries by the name of Bubba's 33 and Jaggers, which were inspired by his previous roles.

His Texas Roadhouse chain continued to expand and became a public company in 2004, before beginning international expansion in 2011.

Taylor also served on the board at Endeavour Louisville, an entrepeneural organization who help companies grow.

The much-loved legend was renowned for his empathy and generosity and was just announced as one of Louisville's most influential business leaders in Business First's inaugural Power 50 list.

What was Wayne Kent Taylor's net worth?

The respected restaurant leader was reportedly worth around a whopping $600million.

He was in control of more than 70,000 units with his food ventures that were supposedly worth over $292,000,490.

Taylor also had his head screwed on in the stock market, and sold stock equivalent to £305,120,627 over the last 16 years.

On March 15, 2021, just days before his passing, the mogul sold 70,000 TXRH shares for approximately $98.4 each – mounting up to a total of $6.9 million.

Taylor also earned mega-bucks due to his position as founder and CEO of Texas Roadhouse Inc.

In 2020, the company had a total revenue of $2.4billion.

The business reportedly turned over $4,899,742 in 2020, of which $525,000 was Taylor's salary.

He hit headlines after giving up his base salary and bonus in 2020 to pay "front-line" workers amid the coronavirus pandemic, a sum which is thought to total around $1million.

What was Wayne Kent Taylor's cause of death?

Kent Taylor passed away on March 18, 2021.

He died by suicide after struggling with repercussions of Covid-19, his family said.

They wrote in a statement: "After a battle with post-Covid related symptoms, including severe tinnitus, Kent Taylor took his own life this week.

"Kent battled and fought hard like the former track champion that he was, but the suffering that greatly intensified in recent days became unbearable.

"But in true Kent fashion, he always found a silver lining to help others.

"Most recently, he committed to fund a clinical study to help members of the military who also suffer with tinnitus."

Taylor is survived by two daughters, a son, and four grandchildren.

The Lead Director of Texas Roadhouse Inc, Greg Moore, announced Kent Taylor's death in a statement.

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It said: "We are deeply saddened by the loss of Kent Taylor.

"He founded Texas Roadhouse and dedicated himself to building it into a legendary experience for 'Roadies' and restaurant guests alike.

"He was without a doubt, a people-first leader.

"His entrepreneurial spirit will live on in the company he built, the projects he supported and the lives he touched."

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