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Posted on 11/16/23 at 7:47 pm to 225Tyga
quote:
3.3 bil is sales doesnt = 7.6 billion in worth. He’s also not the sole owner. He’s a multi millionaire but not billionaire
Thank you!
Some people are so stupid
He’s not even the closest to being the richest person in Louisiana and anyone that believes that is a retard
Posted on 11/16/23 at 9:57 pm to 225Tyga
quote:
3.3 bil is sales doesnt = 7.6 billion in worth. He’s also not the sole owner. He’s a multi millionaire but not billionaire
He owns 90% and business is making $600mil/yr in adjusted earnings. 3.3 bil doesn’t matter, the profits are what matters and he’s most certainly a billionaire and I’d argue depending on the real estate structure he could be worth well north of the $7bil figure. Typical location is probably $2-3mil value real estate wise, most are being built in prime locations, high quality suburban areas.
He could easily have created several hundred million in value by doing all company stores, keeping development in house and building efficiently in a rising market.
The story doesn’t give all the details but it does say the company has distributed approx $180mil to shareholders in the past 3 years.
Posted on 11/17/23 at 12:25 am to 225Tyga
quote:7.6B is like 12X earnings. That's not a crazy valuation.
3.3 bil is sales doesnt = 7.6 billion in worth.
quote:Yes, he owns only 90%.
He’s also not the sole owner.
It sounds like there have been almost $500M of distributions just in the past 3-4 years. He got 90% of that income (no telling what tax games he played).
He is very clearly a billionaire.
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