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re: Okay, About Ownership
Posted on 3/2/11 at 9:13 am to glassman
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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