Bill DeWitt Jr., the prominent American businessman and principal owner and chairman of the St. Louis Cardinals Major League Baseball franchise, does not own the popular fast-food sandwich restaurant chain Arby's. Instead, Bill DeWitt's extensive business portfolio and career achievements are primarily centered around investment banking, private equity, real estate development, and professional sports ownership. He is the co-founder of Freeman, Spogli & Co., a private equity firm that has invested in numerous consumer and retail companies over the decades, and his family has a legendary multi-generational history in baseball ownership and operations. While business leaders in high-profile sports investment circles frequently hold diverse corporate portfolios, the ownership of Arby's rests with Inspire Brands, a multi-brand restaurant holding company that owns several major chains including Buffalo Wild Wings, Jimmy John's, and Baskin-Robbins, completely separate from the DeWitt family business holdings.