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re: Todd Graves worth $7.6 Billion - According to Bloomberg
Posted on 11/16/23 at 9:57 pm to 225Tyga
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.
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