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Started By
Message
re: Louisiana has 77 people that have a $100,000,000+, who would you say is on this list?
Posted on 1/12/20 at 7:07 am to liz18lsu
Posted on 1/12/20 at 7:07 am to liz18lsu
quote:
Keep in mind net worth doesn't mean straight cash, it's assets. (Land, houses, businesses, etc.)
Um, you don't know the meaning of net worth. You have to subtract liabilities.
Pretty sure that's an inherent assumption within the calculation that didn't really need to be stated
1
Posted on 1/12/20 at 7:08 am to Powerman
quote:
Pretty sure that's an inherent assumption within the calculation that didn't really need to be stated
He directly said assets. Not all people are as financially savvy as you, PM.
Posted on 1/12/20 at 7:12 am to liz18lsu
Believe me I'm not financially savvy. He just wasn't thorough enough in his explanation that you have cleared up for the illiterates. I think his main sticking point was not liquid which probably didn't need to be said in the first place.
Posted on 1/12/20 at 7:16 am to Powerman
quote:
Believe me I'm not financially savvy. He just wasn't thorough enough in his explanation that you have cleared up for the illiterates. I think his main sticking point was not liquid which probably didn't need to be said in the first place.
Fine, I am sleep deprived and being bitchy
John Engquist was a good guy to work for. I enjoyed my years at H&E and learned a lot.
Posted on 1/12/20 at 7:16 am to Powerman
quote:
They were doing well when the price of oil was high
Don't know about their personal situation
I'm sure they're fine, but any claim to being super-wealthy would have to rest on their ownership of ECO and a handful of captive vendor companies.
If they'd cashed out about 15 years ago maybe they really would have that kind of fantastic generational wealth, but instead they just continue to own ECO and ECO continues to borrow and grow, and make about 90% of its money in the Gulf.
It would be interesting to see the market put a price on a stake in ECO. Would probably attract a lot of wild speculation.
Posted on 1/12/20 at 7:19 am to liz18lsu
quote:
Fine, I am sleep deprived and being bitchy
Make a pancake or something and go back to sleep then
Posted on 1/12/20 at 7:19 am to 4LSU2
I just bought a Chevy Vega so there’s only 76.
It set me back.
It set me back.
Posted on 1/12/20 at 7:20 am to USMEagles
quote:
If they'd cashed out about 15 years ago maybe they really would have that kind of fantastic generational wealth,
And that's probably my frame of reference. I've been out of town for a long time.
Posted on 1/12/20 at 7:21 am to Powerman
quote:
Make a pancake or something and go back to sleep then
I would rather torment you
Posted on 1/12/20 at 7:28 am to liz18lsu
quote:
I would rather torment you
I'm almost 40. Believe me the things that keep me up at night aren't liz18 from tigerdroppings
Posted on 1/12/20 at 7:31 am to Powerman
quote:
Louisiana has 77 people that have a $100,000,000+, who would you say is on this list?quote: I would rather torment you I'm almost 40. Believe me the things that keep me up at night aren't liz18 from tigerdroppings
38.5 here, man. I would never assume I mattered
Posted on 1/12/20 at 7:42 am to liz18lsu
quote:
38.5 here, man. I would never assume I mattered
Not saying you don't matter. Your ability to torment me is just severely inhibited by your anonymity
Posted on 1/12/20 at 7:46 am to hedgediver
quote:
Gayle Benson is not the richest person in the state
I'm not saying Forbes is definitive, but Forbes thinks she is.
Posted on 1/12/20 at 7:52 am to BarnacleScraper
Im not sure if Master P stil has all his money
But I do know at one point he was the richest man in Hip Hop, well above 100 mil.
But I do know at one point he was the richest man in Hip Hop, well above 100 mil.
Posted on 1/12/20 at 7:53 am to TheWiz
quote:
My wife's step-father either falls in this category or he is very close.
Absolutely.
I didn’t want to say his name.
Posted on 1/12/20 at 8:01 am to Ace Midnight
The Forbes list is for people who’s net worth is public I believe.
Posted on 1/12/20 at 8:02 am to USMEagles
quote:
but instead they just continue to own ECO and ECO continues to borrow and grow, and make about 90% of its money in the Gulf.
Lol
He owns more than just EOC and has vessels that work all over the world.
He also owns several different shipyards in Louisiana and Florida, a huge wildlife refuge where they sell safaris and exotic hunts in Africa as well as a enormous ranch in Texas where they also sell high $$$$ hunts.
Dude owns the Port of Fourchon and a shite ton of Land along Bayou Lafourche.
He builds his own boats unlike his competition, so the money all stays in the family. They are a very private and close knit family. I would be GC is worth well over $4B-$5B
This post was edited on 1/12/20 at 8:04 am
Posted on 1/12/20 at 8:03 am to BarnacleScraper
Benny Cenac is close to a billion in assets.
Posted on 1/12/20 at 8:06 am to tgrbaitn08
quote:
He builds his own boats unlike his competition, so the money all stays in the family. They are a very private and close knit family. I would be GC is worth well over $4B-$5B
I thought he was at least in the billion dollar range about a decade ago but what do I know
I remember during the short drilling moratorium there were reports of him losing 10s of millions of dollars a week
You don't need to be a CFA to figure out that if you're losing that much a week you have a lot to lose
Posted on 1/12/20 at 8:06 am to CHEDBALLZ
quote:
Benny Cenac is close to a billion in assets.
When he cashed out to for a second time, this time to Kirby.
He’s worth well over $100mm. I’d say probably close to a $1B
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