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re: Okay, About Ownership
Posted on 2/28/11 at 8:08 pm to TulaneTigerFan
Posted on 2/28/11 at 8:08 pm to TulaneTigerFan
quote:
He's still no Steve Ballmer.
Chouest isn't worth anywhere near six billion. One billion tops. Phyllis Taylor and Benson are the two Lousianians who are true billionaires.
4
Posted on 2/28/11 at 8:28 pm to glassman
Dude's rich and certainly rich enough to buy and operate the Hornets without financial distress, but people here have no concept of what $6B is.
Posted on 2/28/11 at 10:48 pm to glassman
quote:
Chouest isn't worth anywhere near six billion. One billion tops. Phyllis Taylor and Benson are the two Lousianians who are true billionaires.
Any reason you say this? All the past articles I read about him assumed that he was worth a few billion. Havent seen anything concrete though.
Posted on 3/1/11 at 7:07 am to glassman
quote:
Chouest isn't worth anywhere near six billion. One billion tops. Phyllis Taylor and Benson are the two Lousianians who are true billionaires.
6 billion sounds very high to me as well. i have no idea what he has other than the fact it's been repeatedly stated that he's a "billionaire". and yes, phyllis and benson are in that rarified air.
Posted on 3/2/11 at 9:13 am to glassman
quote:Wouldn't take this as gospel, but he's definitely a billionaire.
That doesn't mean that Gary Chouest is worth $5 billion. When Edison Chouest died in 2008 at the age of 91, he probably left the business to his three sons, Gary, Laney, and Edison Jr. All three boys worked in the business when they were growing up, but Gary was chosen to run the company when Edison stepped down. So Gary probably owns at least a third of Edison Chouest ($1.6 billion), and probably has investments that total several hundred million. He's worth, at a bare minimum, $2 billion. He very well could be worth a lot more - the company is likely worth far more than $5 billion, the CEO probably has a higher share of the company than his other two brothers, and Gary probably has enormous sums of money in investments and capital. To put his wealth into perspective, he's worth anywhere between Mavs owner Mark Cuban ($2 billion) and Blazers owner Paul Allen ($13.5 billion).
Whoops already posted
This post was edited on 3/2/11 at 9:14 am
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