Bloomberg Billionaires Index

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#377 Chris Reyes $4.80B

Random fact: Trustee of Ronald McDonald House Charities.

Overview

Reyes is co-founder of Reyes Holdings, a closely held food service and beverage distributor with revenue of $30 billion in 2016. Its 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 July 26, 2017:
Last change -$828k (-0.0%)
YTD change -$1.11B (-18.8%)
Industry Consumer
Biggest asset Food Service
Citizenship United States
Age 62
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Chris Reyes's net worth of $4.80B 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 his stake in Chicago-based food and beverage company Reyes Holdings. The closely held business has three divisions -- foodservice companies Martin Brower and Reinhart Food Service, and beer supplier Reyes Beverage Group -- and had revenue of $30 billion in 2016, according to Orbis by Bureau van Dijk. The closely held business does not disclose financial results.

Revenue of $3 billion for Reyes Beverage Group was calculated by multiplying the number of cases distributed by the unit in 2016, as reported by the company, with the company's per-case revenue in 2011, according to industry publication Beverage World. The division is valued using prevailing transaction values-per-case distributed for the industry, based on discussions with beer industry consultants. Reyes is the largest independent beer distributors in the U.S., according to the experts.

The two foodservice divisions were valued together. Revenue of about $27 billion was calculated by subtracting the derived revenue for the beverage group from the $30 billion of consolidated revenue Reyes Holdings had in 2016, according to Orbis. They're measured against the average enterprise value-to-sales, enterprise value-to-Ebitda and price-to-earnings multiples of three publicly traded peers: Amcon Distributing, Core-Mark Holding, Sysco.

Reyes Holdings has $2.3 billion of debt, according to data compiled by Bloomberg. It's allocated between Reyes Beverage and the food service units based on the percentage of total revenue each represents.

The company doesn't disclose ownership information and the stake credited to the billionaire reflects his role as co-founder. His brother Jude, the other co-founder, is credited with the other half.

Reyes declined to comment on his net worth, according to spokeswoman Meredith Simpson on behalf of Reyes Holdings.

Biography

Birthdate: 1954
Family: Married, 4 children
Education: University of Maryland, Bachelor's Degree

J. Christopher Reyes, the son of an electrical engineer, was born in 1954 in Washington D.C. He holds an undergraduate degree from the University of Maryland. He and his brother Jude have been co-chairmen of closely-held food and beer distributor Reyes Holdings since 1998.

Reyes Holdings is made up of three divisions: Martin-Brower, which supplies McDonald's, Reyes Beverage Group, the largest beer distributor in the U.S., and Reinhart Food Service. The company delivers over 900 million cases of beer and food products from 140 warehouses around the world, according to its website. It has more than 18,000 employees and had revenue of $24 billion in 2014, according to its website.

Christopher Reyes is also a member of the board of trustees of the University of Notre Dame and of Ronald McDonald House charities, and chairman of Ann & Robert H. Lurie Children's Hospital of Chicago.

He lives with his wife and their four children in Lake Forest, Illinois.

Milestones
  • 1954 Christopher Reyes is born in Washington D.C.
  • 1975 Enters into distribution business.
  • 1988 Becomes co-chairman of Reyes.
  • 1998 Purchases food supplier Martin-Brower.
  • 2004 Acquires food distributor Reinhart Foodservice.
  • 2011 Martin-Brower buys Keystone Foods' distribution businesses.
  • 2014 Buys all assets of Gold Coast Beverage Distributors.
  • 2014 Reyes Holdings agrees to distribute Coca-Cola in Chicago.