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re: How many billionaires live in Louisiana?
Posted on 2/24/26 at 1:34 pm to Black n Gold
Posted on 2/24/26 at 1:34 pm to Black n Gold
quote:
tend to think these numbers are understated.
Overstated.
Net Worth does not mean the money is liquid
Canes does around 3-5Bill on sales. Having a net worth of 20+ Bil is based on a valuation. He has to sell out portions of his interest to actually utilize any of those funds. Probably still takes in a 100-200 mill bonus every year tho that he can frick around with
0
Posted on 2/24/26 at 7:54 pm to glassman
quote:Is there one individual owner, or is that all the heirs combined? The family estate/trust being worth a billion dollars is very different than any individual heir having that kind of money after it's been split for 4-5 generations.
The company has been around for over a hundred years. They also have extensive real estate and stock portfolios. Easily a net worth of a billion.
This post was edited on 2/24/26 at 8:48 pm
Posted on 2/24/26 at 9:20 pm to HogPharmer
quote:
With today's HGRAF price, you can add everyone on the money board to this list.
I only own 100 shares
Posted on 2/24/26 at 9:39 pm to 225Tyga
quote:
Eh thats not really enough to create a Billionaire. Generational wealth...sure but not in the Billions. Food manufacturers gross 10-15% and net less than 3% now being in business for over 120 years and being private definitely helps their case as long as funds have been managed conservatively
lol
Glass is correct. The Reily family is in this category
Posted on 2/24/26 at 9:48 pm to CHEDBALLZ
quote:
Benny Cenac
he got frick you money, but nowhere close to a billionaire
Posted on 2/24/26 at 9:59 pm to Locoguan0
quote:
LSU is quick numerous when it comes to millionaires
I would hope most college graduates are millionaires by the time they retire regardless of industry!
I know it's not close to being the case but it should be!
$300 a month over a 40 year career gets you there!
This post was edited on 2/24/26 at 10:03 pm
Posted on 2/24/26 at 10:30 pm to Sun God
The Reillys are big donors to Tulane.
This post was edited on 2/24/26 at 10:31 pm
Posted on 2/24/26 at 11:50 pm to Fun Bunch
quote:People are not understanding the question. Family wealth =/= one person's wealth. How many individual Reillys are billionaires? "The family" doesn't count.
Glass is correct. The Reily family is in this category
This post was edited on 2/24/26 at 11:51 pm
Posted on 2/25/26 at 12:01 am to armytiger96
quote:More importantly, were you able to buy a home at the right time. If you did, it's a source of growing wealth forever. If you didn't, good luck with that part-time post-retirement gig.
I would hope most college graduates are millionaires by the time they retire regardless of industry!
I know it's not close to being the case but it should be!
$300 a month over a 40 year career gets you there!
This post was edited on 2/25/26 at 12:04 am
Posted on 2/25/26 at 1:26 am to glassman
Bo ain’t worth a Billion.
Posted on 2/25/26 at 2:32 am to chRxis
quote:
Benny Cenac
he got frick you money, but nowhere close to a billionaire
He definitely has some fu money to keep things quiet.
Posted on 2/25/26 at 5:24 am to Tarps99
quote:I thought he bought out one of the brothers for like 700 mill.... or at least that's what the rumor was when they built that big house in Thibodaux.
Also, don’t count out Rouses. They keep getting bigger. While Donny maybe the front man, their ownership is spread out through the family
Posted on 2/25/26 at 5:25 am to chRxis
quote:Benny got enough money to collectively piss off the Town of Gheens.
he got frick you money, but nowhere close to a billionaire
Posted on 2/25/26 at 7:10 am to Gravitiger
quote:
More importantly, were you able to buy a home at the right time. If you did, it's a source of growing wealth forever. If you didn't, good luck with that part-time post-retirement gig.
I did! It was five times my salary when I bought it, and I was excited because it was at a historically low interest rate of 6.5%! I didn't have kids when we bought it, but some how a couple of years later I was able to put three kids through daycare and catholic schools.
Since then the house has almost doubled in value and since I've paid extra principle on every payment it will be paid off in a couple of years!
Posted on 2/25/26 at 9:10 am to PSS101
There are a lot of folks who are smart enough to not want to be on the Forbes 400 even thouigh they would qualify..
Someone like Todd Graves cannot help it because he and his company are so visible but many of the ones that can hide it do so for privacy and such.
I know one guy who hid his status for years. He owned most of a private energy company. His mistake was a large donation to his alma mater. That got the Forbes folks to look at his real net worth. There is actually a staff that works on it. I know another that once was majority shareholder in a company most have heard of but sold it before he was noted as a billionaire and started a private venture capital firm.
Someone like Todd Graves cannot help it because he and his company are so visible but many of the ones that can hide it do so for privacy and such.
I know one guy who hid his status for years. He owned most of a private energy company. His mistake was a large donation to his alma mater. That got the Forbes folks to look at his real net worth. There is actually a staff that works on it. I know another that once was majority shareholder in a company most have heard of but sold it before he was noted as a billionaire and started a private venture capital firm.
Posted on 2/25/26 at 9:13 am to PSS101
Did you know that Alaska, Delaware, and West Virginia are the only states without at least one billionaire?
Posted on 2/25/26 at 9:35 am to danilo
quote:
don’t really track Todd’s movements but I thought he lived in Dallas?
He's in Plano a few days a week. He has a house in the western part of town. Im pretty sure his main residence is in BR, his family is still there.
This post was edited on 2/25/26 at 9:52 am
Posted on 2/25/26 at 8:16 pm to PSS101
The Saurage Family owns Community Coffee in Baton Rouge, also Mr. Jim Bernhard in Baton Rouge,
And the family that owned Century Tel in Monroe used to live in Famerville, and I would think the family that owns Tobasco would have a net worth over Billion.
A lot of people just don't comprehend how much a billion actually is!
And the family that owned Century Tel in Monroe used to live in Famerville, and I would think the family that owns Tobasco would have a net worth over Billion.
A lot of people just don't comprehend how much a billion actually is!
Posted on 2/25/26 at 8:32 pm to WavinWilly
Is she not still in the Audubon Place house? Her ship came in late in life when she snatched up Benson. Can’t imagine her getting too far off her beaten path at this stage.
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