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Message
re: Forbes Billionaire List 2024
Posted on 4/3/24 at 7:58 am to billjamin
Posted on 4/3/24 at 7:58 am to billjamin
quote:Knowing people who know Gary well, he does not like to owe a bank money. The only loans are typically internal from the main corp to the corp that would operate the vessel. They even own the majority of the shipyards and ancillary companies involved with building and dressing the ships. 2B is absolutely laughable. I don't imagine they care, but the scale and magnitude of their empire in the Gulf is absolutely incredible, and pre-moratorium their revenue flow would have been enviable for a lot of countries.
Do they own the fleet or do a bunch of banks?
1
Posted on 4/3/24 at 7:59 am to RLDSC FAN
quote:
Magic Johnson
This dude here. You remember back in the 90's when he anounced his retirement from basketball because he had HIV, and everyone was sad because they thought he was a dead man walking? I member. Turned out to be the best thing he ever did I guess. Good for Magic.
Posted on 4/3/24 at 8:06 am to Tchefuncte Tiger
quote:
Todd Graves, Raising Cane's, 9.1B.
so LSU should win the jel-0 shot challenge even if we're not in Omaha.
Posted on 4/3/24 at 8:17 am to lowhound
quote:
This dude here. You remember back in the 90's when he anounced his retirement from basketball because he had HIV, and everyone was sad because they thought he was a dead man walking? I member. Turned out to be the best thing he ever did I guess. Good for Magic.
The man had the special kind of aids, Financial Aids
Posted on 4/3/24 at 8:20 am to RLDSC FAN
quote:
270. Todd Graves $9.1 B
That's a lot of chicken fingers. Not as many as Chic-Fil-a though
quote:
180. Bubba Cathy $11.2 B
180. Dan Cathy $11.2 B
This post was edited on 4/3/24 at 8:30 am
Posted on 4/3/24 at 8:22 am to lowhound
quote:
477. Gayle Benson $6.1 B
Went the route of the owner in Major League. Marry a billionaire and take over his sports franchise when he dies.
This post was edited on 4/3/24 at 8:30 am
Posted on 4/3/24 at 8:26 am to lowhound
quote:
60. Eduardo Saverin $28 B
Still got screwed over by Zuckerberg, but at least he got his cut. Did better than the Winklevoss twins.
This post was edited on 4/3/24 at 8:30 am
Posted on 4/3/24 at 8:29 am to lowhound
quote:
409. George Soros $6.7 B
I didn't see Klaus Schwab on the list. You would think the biggest evil doers according to the Poli Board would be higher on the list since they control the world. Gayle Benson has almost as much influence as Soros
This post was edited on 4/3/24 at 8:31 am
Posted on 4/3/24 at 8:31 am to lowhound
He is just the puppet figure head for the evils.
Posted on 4/3/24 at 8:31 am to MDB
On the list it appears Elon Musk is only a little richer than Jeff Bezos. But he’s a billion dollars richer.
Posted on 4/3/24 at 8:32 am to AwesomeSauce
Yes, they own all their assets outright and 2B is definitely low.
Posted on 4/3/24 at 8:34 am to billjamin
quote:
they own the fleet or do a bunch of banks?
That would be Tidewater or Hornbeck, post bankruptcy.
Gary self finances most Capex the Chouest company expends. As a private company, he's not beholden to shareholder pressure and financial engineering.
Posted on 4/3/24 at 9:20 am to BlueWaffleHouse
quote:
The man had the special kind of aids, Financial Aids
Posted on 4/3/24 at 10:56 am to GREENHEAD22
Agreed, he owns over 200 ships. $2,000,000,000/200 = $10,000,000 average per boat. His boats alone are way more valuable than that. Then he owns C-Port, multiple shipyards and a lot of smaller companies. He owns a company that builds display refridgerators for all of the new Rouses and other grocery stores, Engine Company's, Marine Electronic companies. I'd say his net worth is closer to 5 or 6 billion.
Posted on 4/3/24 at 11:06 am to RLDSC FAN
They really need to list their carbon score to make it more relevant
Posted on 4/3/24 at 11:17 am to ReauxlTide222
quote:
I didn’t know it was that big a chain.
And they don’t really franchise. Graves owns most all of them.
Posted on 4/3/24 at 11:23 am to CHEDBALLZ
quote:
Agreed, he owns over 200 ships. $2,000,000,000/200 = $10,000,000 average per boat. His boats alone are way more valuable than that. Then he owns C-Port, multiple shipyards and a lot of smaller companies. He owns a company that builds display refridgerators for all of the new Rouses and other grocery stores, Engine Company's, Marine Electronic companies
quote:
I'd say his net worth is closer to 5 or 6 billion.
You should email Forbes and tell them their list is shite.
Posted on 4/3/24 at 11:32 am to RLDSC FAN
The youngest on the list is 19 years old. Lucky little shite.
Posted on 4/3/24 at 2:24 pm to CHEDBALLZ
quote:
I'd say his net worth is closer to 5 or 6 billion.
Chouest owns half of Island Offshore, a Norwegian vessel company. Great guys to work with. Another 20 high end boats.
Island Offshore
Posted on 4/5/24 at 10:57 am to Mr Breeze
It’s very easy for a researcher to value a couple hundred fast food stores based on industry metrics especially when the business has used some institutional money and released some info publicly. Much harder with shipyards, supply boats, ports, etc. damn near impossible when it’s holes in the ground that pump oil.
Pennington made a 9 figure donation to LSU in the early 80’s, Taylor settled with the feds handing over $400+mil for the oil spill at their rig that was destroyed in 2004. The feds claim that platform is leaking $10mil plus worth of oil in the ocean every year.
The wealth that has accumulated in many families due to oil and gas is many magnitudes higher than most people realize because it’s not easy for outsiders to find the info, nor is it easy to estimate cash flows based on the info they do find.
Pennington made a 9 figure donation to LSU in the early 80’s, Taylor settled with the feds handing over $400+mil for the oil spill at their rig that was destroyed in 2004. The feds claim that platform is leaking $10mil plus worth of oil in the ocean every year.
The wealth that has accumulated in many families due to oil and gas is many magnitudes higher than most people realize because it’s not easy for outsiders to find the info, nor is it easy to estimate cash flows based on the info they do find.
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