#2607
Michael Teel
United States 75 years old
Overview
- Source of Wealth
- supermarkets
- Industry
- Fashion & Retail
- Residence
- Sacramento, California
- Education
- Whittier College (Bachelor of Arts/Science)
- Marital Status
- Married
Biography
Michael Teel is the owner and chairman of Raley's, a Sacramento-based supermarket chain with estimated revenues of $6 billion.
He is the third-generation owner. His grandfather, Tom Raley, founded the company in 1935.
He took over from his mother, Joyce Raley Teel (d. 2022), who ran Raley's from 1991 to 2015, when she transferred ownership to Michael.
Today Raley's has 235 stores in California, Nevada, Arizona, Washington, Alaska and Oregon.
The company also operates stores in several tribal nations in the Southwest.