Reyes is co-founder of Reyes Holdings, a food service and beverage distributor with annual revenue of about $31.5 billion. The closely held company's divisions include Martin Brower, which delivers beef, fries and other supplies to McDonald's; Reyes Beverage Group, an independent beer distributor; and bottler Great Lakes Coca-Cola.
Jude Reyes's net worth of $8.61B can buy ...
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Reyes' fortune is derived from a half stake in Reyes Holdings. The closely held company has three units: beer distributor Reyes Beer Division, supply chain company Martin Brower, and bottler and distributor Reyes Coca-Cola Bottling. The group doesn't disclose financial results. It has annual revenue of $31.5 billion, according to a February 2022 Crain's article.
The company doesn't disclose ownership information and the stake credited to the billionaire reflects his role as co-founder. His brother Chris, the other co-founder, is credited with the other half. Reyes Holdings has $3.3 billion of debt, according to data compiled by Bloomberg.
Nancy Limon, a spokesperson for Reyes Holdings, said Reyes declined to comment on the net worth calculation.
M. Jude Reyes, the son of an electrical engineer, was born in 1955 in Washington D.C. He received an undergraduate degree in economics from Wofford College in Spartanburg, South Carolina. He's co-chairman of closely-held food and beer distributor Reyes Holdings, a role he shares with his brother Chris.
Reyes Holdings includes Martin-Brower, which supplies McDonald's, Reyes Beverage Group, the largest beer distributor in the U.S., and Reinhart Food Service.
Jude Reyes serves as chairman of the board of the Rehabilitation Institute of Chicago, a director of the Children's Hospital Foundation in Washington and is a member of the National Beer Wholesalers association.