I look at where we are today after eight short years and it is an incredible blessing to see what we have accomplished. Blues success is matched by a strong commitment to giving back to his community. Three finalists will receive an additional $5,000 for their favorite charities and the winner will receive an additional $10,000 to give to charity. Were getting that now, which is very helpful. LinkedIn is the world's largest business network, helping professionals like Todd Blue discover inside connections to recommended job . It started with a 1976 limited edition Bicentennial Cadillac El Dorado and a 1969 Maserati Ghibli Spyder, and Blue paid a variety of specialty shops to restore the engines, the bodies and the interiors. Although we have no inside intel on the matter, Yolanda rather suspects that the car-collecting Blues do not find the four-car garage on their estate commodious enough for their automotive needs. (Podcast), Former CEO/Founder, indiGO Auto Group Texas LLC. We want to hear from you! The Post Oak Hotel, under construction near the Galleria, also plans to feature a glass-cased two-story showroom with Rolls-Royce and Bentley brands. Markets never sleep, and neither does Bloomberg News. "I thought, clearly he's a dreamer. What major issues do Porsche dealers face? Although traditionally considered one of seven major spectral colors, its actual position in the . He is currently a member of the Young Presidents Organization and is chairman of the board of The indiGO Blue Family Foundation, which supports various initiatives. The award is sponsored by Time in association with Ally Financial, and in cooperation with NADA. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. After successfully unloading one of his own classic rides at a profit, he decided to give the car business a whirl. It acknowledges that our company mission is alive and well. Dealers are nominated by the executives of state and metro dealer associations around the country. Porsche Rancho Mirage Panamera Sport Turismo Event from ToddBlue.com on Vimeo. It also means paying attention to details such as having illy Espresso in his stores, and Ghirardelli chocolate. Our investment efforts and managerial capabilities are focused on the operation of a global and diversified portfolio. Just kidding. The connectivity to the dealer body is outstanding. All Rights Reserved. Here's the net worth each generation says you need to be considered wealthy in 2021: Millennials (ages 24 to 39): $1.4 million. Savannah Chrisley is a cheerful tv-personality & actress who has a net worth of $6 million approximately. She was diagnosed with an anxiety disorder. Blue liked that so much, he started IndiGO Classic Cars in Louisville in 2006, and joined the automotive network within the Young Presidents Organization, a professional networking group. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. From that sale, liquidity was generated to invest in and launch new entities. Over in Texas, the Blue familys main residence is a 10,859-square-foot mansion with 6 beds and 6.5 baths in the swanky River Oaks neighborhood of Houston. Blue went through five interviews with Porsche. For example, as we've pointed out, Buffett is the second wealthiest American and the fourth wealthiest person in the world.) IndiGO already includes three Porsche franchises, but he wouldnt mind owning more. "The all-new Porsche North Houston will be one of the largest Porsche dealerships in the U.S.," Porsche Cars North America said in a statement. In 2018, we have a transition year where [the redesigned] Cayenne doesnt come till the third quarter. Largest blue ammonia facility of its kind in Texas, enabling the capture and sequestration of up to 1.7 million metric tons per year of CO2 Total. A member from Atlanta, who had recently bought a portfolio of stores, answered his ad. Sometimes you never know whats lurking behind a gate. More than any industry acknowledgement or single moment, it is incredibly rewarding for me to love what I do every day.. He is looking to acquire more stores and stays in touch with brokers and with the manufacturers. Save all of your favorite content in one curated collection. 4. He posted a notice on the Organizations website that he was interested in acquiring a highline new car dealership. Refined Estate in the Hills Sells to Fayed Family Member, Rob Lowes Son John Owen Scores LA Home With Big Views, Mark Wahlbergs $55 Million Mansion Sold to Buyer of Heather Dubrows Newport Chateau, recently received a substantial investment, Complete With an Airstream, Reese Witherspoon's Former Malibu Getaway Is Yours for the Taking, Fashion Nova's Richard Saghian Spends $40 Million on Carbon Beach Mansion, First Priced at $125 Million, Paradise Cove Estate Sells for $91 Million to Hollywood Filmmaker, Reconstructed Thornton Abell Modern in Santa Monica Canyon Seeks $10.5 Million, Frank Lloyd Wrights Only Oceanfront Home Sells for Record Price, Five Cities Besides Palm Springs Blessed With Fantastic Midcentury Architecture. The two got together, and Blue outlined his vision to expand his newly acquired dealership into a national group. EU Leadership Forum in Energy Transition. Blue figured his dream of being a car dealer was dead, but he continued to buy and sell cars for himself. Working in the scrap metal business was in some ways good preparation for being a car dealer, said Blue. Apparently business is really booming Mr. Blue recently received a substantial investment (amount undisclosed) from European conglomerate Pon Holdings BV. Why? And Blue, the 48-year-old CEO of indiGO Auto Group, envisions greater growth ahead. Pantone have selected their color of 2022 as '17-3938 Very Peri . Mr. and Mrs. Blue are now in their 40s and have four young children two boys and two girls. Blue Equity, LLC is an independent, private equity firm that invests in enterprises with solid developmental potential. The use of the net worth method is demonstrated in the figure below. 2017 Cobalt Ventures, LLC. He was looking for a high-line dealership in a big-city market, he wrote. Desert European Motorcars included Porsche, Audi, Jaguar, Rolls Royce, Land Rover, Aston Martin, Maserati, Bentley, and McLaren franchises. Blue's affinity for automobiles sprouted far from the luxury sector, at a family-owned Kentucky steel mill, in constant company of heavy metal and industrial machines. PAPERCITY 2023 urban publishers, inc. all rights reserved terms & condition // privacy policy // sitemap, What: Dec My Room Spring Into Fashionfundraiser. In 2013, he acquired Desert European Motorcars. In 2004, after building a portfolio of businesses in media, publishing, and financial services, Jonathan founded a successor entity, Blue Equity, LLC. Todd Blue Under the LAPIS brand, Todd leads a diversified portfolio of companies which includes automotive and real estate. Dip the end of the cutting in rooting hormone and plant it in a small pot filled with standard potting mix. Via Petersen Automotive Museum on YouTube. (Michael Starghill, Jr.), Todd Blue, owner of a new flagship Porsche dealership, poses for a portrait between a Porsche 918 Spyder and a Porsche 1600 in the dealership garage Thursday June 29, 2017. All of this was incorporated to keep his cars in pristine condition. Mr. Blue is also the owner of Cobalt Ventures, a firm that was once one of Louisvilles biggest real estate developers. All of them are located either in Louisville, Houston, or Rancho Mirage. It's a market for the top tier of spenders in Houston, a city noted for America's fastest-growing population of multimillionaires in 2014 at the height of the shale boom. Dave Rossman, Contributor / Contributor Show More Show Less 2 of . When he was very young, Blue wanted to be a professional basketball player. Anyway, the well-to-do new owners of La Vie En Rose are a couple from Louisville, Kentucky (of all places) named Todd & Karen Blue. Also our 911 volume is a little backloaded toward the end of the year. As was shown on a video feature forRobb Report, Mr. Goldmans eye-popping 14-car collection includes six Ferraris, five Porsches, two McLarens, and one ultra-rare Pagani Zonda, of which there are believed to be only ten units at most in the entire United States. A long driveway passes through tall gates and winds up a gentle slope planted with olive trees and rose bushes. Totally unique, memorable, and it would give this place a nice touch of Germanic austerity. She has also been a part of the successful American television series Chrisley knows best. Even the incessant oil slump hasn't taken the edge off Houston's market for high-end toys - and the new. Always passionate about cars, he began hoovering up classic automobiles. This TV star has an estimated negative net worth of $5 million as of 2022. In 1998, he and his brother bought their father out of the family business, which was also involved in scrap metal trading. Blue hopes to build a stand-alone car wash on site, too. In the late 1990s, his people sold off the family business and young Mr. Blue was left with a lot of money but no gainful employment. Get the latest scoop directly in your inbox. He auctioned off the restored Maserati for a profit, and the business was born. The 4-acre property features a 1998-built mansion with 11,745-square-feet of living space, a saltwater swimming pool, a four-car garage, and a home gym. Todd Blue has been involved in major real estate projects, including Mercantile Gallery Lofts on East Market and Whiskey Row. The company was eventually sold to the largest processor of railroad materials in the world, Progress Rail Services Corporation. Following her exit from the show, the singer signed with . "It's Houston businesspeople. Looks like the buyer and/or his agents were good negotiators. Between 1998-2000 Todd served as Progress Rails metals divisions Executive Vice President.From 19941998 Todd served as Vice President of Commercial Trading at Louisville Scrap Material Company. Median net worth . Net worth is the amount by which assets exceed liabilities. During his time as CEO, his dealerships have been multi-year award winners of the J.D. Your fresh start is here. But lurking behind all that steel and wood is a strangely squat 7,000-square-foot structure with an industrial-looking edifice. "There's something in the water that is celebratory of the entrepreneur and of businesspeople that take a risk. Porsche has committed to a major push on electric. Our Mr. Goldman had to construct two separate multi-million-dollar mansions one as a home for himself and his wife, the other as a harem (if you will) to house his 14 automotive lovelies. He shook up the staff and brought annual sales there to 78 vehicles in 2016, up from 12 in his first year. He credits Houston for his success: "There's something in the water that is celebratory of the entrepreneur and of business people that take a risk. 1. He also has a 1955 Porsche Yacht and Wagon, the only vehicle in the collection that is not blue. Todd Blue, a former real estate developer and executive at a family business, started collecting classic cars about 15 years ago, which soon sparked loftier automotive ambitions. Send us a tip using our anonymous form. Applying the same ratios to the Air India EBITDAR, he arrived at an enterprise value for Air India in the range of Rs. After several well-deserved price chops, strip club owner D. Michael Talla (the seller) managed to offload the Tuscan-ish porker to a mysterious corporate entity. Come on, Mr. Blue, it wouldnt hurt. In 2006, Mr. Blue founded indiGO Auto Group, and began acquiring luxury automotive dealerships in Houston, Texas and in the desert resort areas ofRiverside County, California. Stop for a moment and imagine Mr. Goldman waking up in the wee hours of the morning. What a state takeover of HISD could mean for parents, students, Houston ISD to face TEA state takeover, Turner says, In Fertitta's members-only club, where photos, media are banned, Study: Low-calorie sweetener linked to heart attack, stroke risk, 750-home agrihood with farm, car-free zones breaks ground, HCC chancellor to leave role at end of contract, Popular breakfast taco spot in Houston announces a comeback, Final sale: Multiple Tuesday Morning stores in Houston closing, Buc-ee's plans Wisconsin store, its first in Midwest, AMLO: Elon Musk promises to build Tesla plant in Monterrey, FERC gridlock around gas pipelines, LNG eases, Tomlinson: Texas GOP lawmakers propose laws attacking freedom, Bob Waltrip, founder of Service Corp., has died at 92. Copyright 2005-2023 Blue Equity. Babakan Ciparay, Kota Bandung, Jawa Barat 40223, Indonesia At that time, it was called Villa La Mare, or house at the sea, The property is not actually on the seafront, of course, though it does sport ocean views. He doesnt believe the multiples anyway. You add new practices that may increase soil carbon and reduce emissions on your farm, with agronomic support from Indigo. BRAVO to Todd Blue for giving a fantastic interview and sharing his expertise with the automotive industry! In 2013 came the opportunity to acquire Desert European Motorcars. Although records are somewhat incomplete here, we do know that the property was sold in 2001 for $990,000 to a Steve Goldman and his wife Azita. Education Todd Blue studied at George Washington University. 4. He also has a daughter from a previous relationship. That was more than double the rate of 10 years prior, 3.5 percent in 2005. The average EBITDAR to EV value for full-service Asian flag carriers is 6.5. In 1747, 138,300 pounds of dye, worth 16,803 sterling, were exported to England. Currently browsing tag Houston 2019: indiGO Auto Group's Team Members . IndiGO applied that philosophy onward, turning its stores into a customer experience where no buyer is told no. She has made such amount of wealth from her primary career as Instagram Star. Listing agent: Chris Cortazzo, Coldwell Banker Just 400 feet from the Point Dume beach is a 1.06-acre property, the entire lot secured and invisible behind a large security gate. The private-jet-chartering company named after the airline in the 1987 film "Wall Street" is quietly going out of business after 16 years. Blue is one of a select group of 51 dealer nominees from across the country who will be honored at the 102nd annual National Automobile Dealers Association (NADA) Show Jan. 25 in San Francisco. Just as an FYI, we appreciate that Mr. Goldman does not discriminate based on color. All of Mr. Goldmans cars appear to be special edition or limited-production models, the type that you must pre-order well in advance or actually apply to purchase. But heres the $15 million (or $20 million or whatever) question: to where will Mr. Goldmans exotic rides zoom off? This directory covers Todd Blue In addition to the garage itself, which can hold 25+ exotic vehicles. Current & historical holdings in these industries worldwide: Driving Innovation. We want to hear from you! It is there, in Houston, where Mr. Blue's business interests are headquartered. Todd Blue, chairman and CEO of IndiGO Auto Group, at Porsche of St. Louis. Todd sold indiGO to Pon and retired from indiGO in 2020. Or something. After working as a management consultant in New York City, Jonathan Blue returned to Louisville and joined the Blue Family business in the early 1990s. People that really want the experience are willing to pay for it.. Who knows? What is Indigo White Net Worth? The Blues have businesses in both Rancho Mirage and Houston, so naturally they keep multi-million-dollar homes in both locations. An unabashedly glamorous estate in the Malibu foothills recently transferred for just about 16 million large $15,907,000, to be exact after a bonafide ice age on the market. When Todd Blue established IndiGO Auto Group in 2006 and set out to acquire the greatest automobile dealerships in the United States, he was most impressed with Desert European Motorcars in Rancho Mirage. Porsche North Houstons Porsche Classic Partner, The Grand Re-Opening of Lamborghini Houston & Rolls-Royce Motor Cars North Houston, Bentley Rancho Mirages All New 2019 Continental GT Event, Porsche Rancho Mirages Panamera Sport Turismo Event, McLaren Rancho Mirages Velocity 720S Event, Porsche North Houstons Grand Opening Event, Aston Martin Rancho Mirage Reveals The New DB11 Volante. The $7.325 million purchase price here did not include any of the fancy autos. But on second thought, that could be be coincidental. Blue said he aims to continue buying dealerships around Houston and the nation and will remain "disciplined and focused on staying in the luxury segment.". Nonetheless, the deal got done. Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. Todd Thompson net worth: Todd Thompson is an American fashion designer who has a net worth of $8 million dollars. After working in metals trading in Chicago for almost three years, following his graduation in 1992, Blue joined his familys business in Kentucky in 1994. 4. Our sister paper in Houston. Other cities are not like that.". Required fields are marked *. The facility will include two stories of showrooms, a Porsche simulator, a clothing and accessory boutique and a customer waiting room with glass windows overlooking an air-conditioned, 26-station service shop that more resembles a hospital than a garage. Our Mr. Blue was born into a wealthy family who had long owned a Louisville-based steel mill. Mr. Blue is influential in the luxury automotive market and an integral member of the Porsche Dealer Board of Regents; he took a moment to chat with the editorial team at Automotive News about the exciting future of Porsche and the nuances of the 2018 model year. A panel of faculty members from the Tauber Institute for Global Operations at the University of Michigan will select one finalist from each of the four NADA regions and one national Dealer of the Year. Losing a sister and a mother is a span of 24 hours can be the most difficult things to handle in life. He oversaw an expansion that led the companys transformation into one of the largest suppliers to railroads, while also adding a railcar leasing entity. In addition, he makes $6,585,370 as Chairman and Executive Director at Patrick Industries. 2: MAKE CHANGES. The 10,135-square-foot house packs in 5 beds and 8 baths, just enough for the six-member Blue clan. (Surprisingly, we never heard back from Mr. Talla. At the end of FY21, IndiGo's net worth was merely 71 crore, declining from 5,860 crore a year ago. On the domestic side, I think Cadillac has a terrific future., But, he quickly added, We love the brands we are currently honored to represent., Your email address will not be published. Growing auto empire expands with Houston's wealth, Black trail riders head to Houston rodeo parade after grueling, joyful 6-day journey, A Porsche 918 Spyder and a Porsche 1600 in the garage of a brand new flagship Porsche dealership on the north side of Houston Thursday June 29, 2017. Refined Estate in the Hills Sells to Fayed Family Member, Rob Lowes Son John Owen Scores LA Home With Big Views, Mark Wahlbergs $55 Million Mansion Sold to Buyer of Heather Dubrows Newport Chateau, have been posted and revered on online car lover forums, with an even-steven $10 million asking price, discussed their recent purchase of an epic $16 million Malibu estate named, Complete With an Airstream, Reese Witherspoon's Former Malibu Getaway Is Yours for the Taking, Fashion Nova's Richard Saghian Spends $40 Million on Carbon Beach Mansion, First Priced at $125 Million, Paradise Cove Estate Sells for $91 Million to Hollywood Filmmaker, Michael Milkens Son Asks $64 Million for Longtime Palisades Home, New York Hedge Funder Lands Classic Santa Monica Home. At the dealership, cars go for between $200,000 and $600,000. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). George Washington University BA International Business 1989 1992 Recent News and Activity There is no recent news or activity for this profile. As weve said, our educated guess is that Mr. and Mrs. Blue will keep the facility as-is. Anyway, the Goldmans relocated to a different house in Malibu a few years back and sold off their Point Dume residence. The buyers were Todd and Karen Blue, a couple from Kentucky who recently purchased a true 10,100-square-foot mansion in Malibu for themselves and their children. And Blue, the 48-year-old CEO of indiGO Auto Group, envisions greater growth ahead. Not a bad job if you can get it, right? Could the new owner be a famous musician? Indigo is a color that is traditionally regarded as a color on the visible spectrum, as well as one of the seven colors of the rainbow: the color between blue and violet. So Blue bought it. Todd & Karen Blues agent: Josh Altman, Douglas Elliman, Get our latest stories in the feed of your favorite networks. He has lived in Argentina, Kazakhstan and Colombia and speaks fluent Spanish. (Very) loosely translated, it reads The princess burns an everlasting flame in the attic., Pretty awesome, right? indiGO's "best brands, best locations, best people" philosophy goes far beyond the traditional dealership model by providing a more . To calculate your net worth, take inventory of what you own, as well as your outstanding debt. there is also a small, loft-like living space above the garage. The Color tool will provide a solid background color versus a gradient. All the ways to handle the batteries, both the physical way as well as the maintenance, is all being discussed. 30,000 crore. Billionaire Lasry to Sell Bucks Stake, Valuing NBA Team at $3.5 Billion Collecting Here's What a $10 Million Violin Sounds Like Featured Screentime New York Property Prices Where to Go in 2022 View. Gerard Butlers Point Dume estate, for example. In 2011, indiGO Classic Cars became the indiGO Auto Group with the purchase of the Lamborghini dealership just down the highway. Porsche North Houston's Porsche Classic Partner. Today our business provides careers for almost 400 automotive professionals which supports their families. Mr. Bluedorn owns over 9,298 units of Lennox International Inc stock worth over $7,502,626 and over the last 16 years he sold LII stock worth over $104,226,981. So Blue posted a classified ad on the online forum of the Young Presidents Organization, a club for chief executives. Earlier this year, as yall may recall, Yolanda discussed their recent purchase of an epic $16 million Malibu estate named La Vie En Rose. Todd Blue has had 1 past job as the Founder & CEO at indiGO Auto Group. Get PC Daily delivered directly to your inbox don't miss anything! Under the LAPIS brand, Todd leads a diversified portfolio of companies which includes automotive and real estate., In December of 2020, Todd was appointed to the Kataman Metals Board of Directors. 2229 San Felipe Street, Suite 1125Houston, TX77019. An associated email addresses for Todd Blue are toddb***@comcast.net, toddeb***@yahoo.com and more. That invests in enterprises with solid developmental potential Recent News and Activity is! New car dealership it in a big-city market, he and his brother bought their father out of family... Mercantile Gallery Lofts on East market and Whiskey Row is told no website he., or Rancho Mirage ad on the Organizations website that he was interested acquiring! Is worth up in the attic., Pretty awesome, right, the 48-year-old of. Assets exceed liabilities to give the car business a whirl discover inside connections to recommended.. In a big-city market, he began hoovering up classic automobiles Blue in addition, he arrived at enterprise... 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