⬅ # 302 Pierre Omidyar|# 304 J. Christopher Reyes

# 303 Jude Reyes 


Real Time Net Worth
as of 4/11/2024

# 303 Jude Reyes 


Real Time Net Worth
as of 4/11/2024
OccupationCo-Chair, Reyes Holdings
Source of WealthFood Distribution
ResidencePalm Beach, Florida
Marital StatusMarried
EducationBS, Wofford College
Age-Adjusted Net Worth$5.02B
Jude Reyes
Jude Reyes
United States
Net worth: $8.62B

Self-Made Score 

Wealth History

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Early Life and Education

Michael Jude Reyes was born in 1955 in Washington DC
Earned a bachelor's degree from Wofford College


Co-founder of Reyes Holdings, a food service and beverage distributor with annual revenue of about $40 billion.
Reyes Holdings includes Martin-Brower Company, McDonald's largest distributor, Reyes Beverage Group, an independent beer distributor, and bottler Great Lakes Coca-Cola.
In 1976, together with his brother and father, purchased a small Schlitz beer distributor in South Carolina for $740,000, marking the beginning of Reyes Holdings.
Reyes Holdings is the largest beer distributor in the U.S. and also owns two Coca-Cola bottlers and distributors.
In May 2017, Reyes Holdings announced the expansion of its soda distribution business into California and Nevada.

Personal Life

Marital Status: Married to Lori Welch Reyes
Residence: Palm Beach, Florida

How long would it take you to become as rich as Jude Reyes?

If you started with $10,000 and invested an additional $500 each month at a 44.41% CAGR, it would take you 5 years to reach Jude Reyes's net worth of $8.62B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 38.63% compared to 10.38% for the S&P 500 benchmark.

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Jude Reyes is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Jude Reyes, Food Distribution is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey