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re: Todd Graves worth $7.6 Billion - According to Bloomberg

Posted on 11/16/23 at 7:44 pm to
Posted by 225Tyga
Member since Oct 2013
15999 posts
Posted on 11/16/23 at 7:44 pm to
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
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 11/16/23 at 7:47 pm to
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 by tes fou
Member since Feb 2014
838 posts
Posted on 11/16/23 at 9:57 pm to
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 by Big Scrub TX
Member since Dec 2013
33733 posts
Posted on 11/17/23 at 12:25 am to
quote:

3.3 bil is sales doesnt = 7.6 billion in worth.
7.6B is like 12X earnings. That's not a crazy valuation.

quote:

He’s also not the sole owner.
Yes, he owns only 90%.

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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