Bloomberg Billionaires Index

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# 235 Jude Reyes $8.61B

Random fact: Distribution network covers five continents.

Overview

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.

As of :
Last change No change
YTD change -$1.26B ( -12.8%)
Biggest asset Reyes Holdings
Country / Region United States
Age 67
Industry Consumer
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jude Reyes's net worth of $8.61B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

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.

Biography

Birthdate: 1955
Family: Married, 3 children
Education: Wofford College

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.

Milestones
  • 1954 Brother Chris is born.
  • 1955 Jude Reyes is born in Washington D.C.
  • 1976 Goes into business with brother Christopher.
  • 1998 Purchases food supplier Martin-Brower.
  • 2004 Acquires food distributor Reinhart Foodservice.
  • 2011 Martin-Brower buys Keystone Foods' distribution businesses.
  • 2014 Agrees to acquire distribution rights to Coca-Cola in Chicago.
  • 2014 Buys assets of Gold Coast Beverage Distributors.