Bloomberg Billionaires Index

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#388 Jude Reyes $4.82B

Random fact: Delivers more than 900 million cases annually.


Reyes is co-founder of Reyes Holdings, a food service and beverage distributor with revenue of $30 billion in 2016. 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 June 20, 2018:
Last change +$20.4M (+0.4%)
YTD change -$235M (-4.6%)
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

Jude Reyes's net worth of $4.82B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

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

Latest News

Net Worth Summary

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 divisions: foodservice companies Martin Brower and Reinhart Food Service, and beer supplier Reyes Beverage Group. The group doesn't disclose financial results. It had revenue of $30 billion in 2016, according to Orbis, a database of company information.

Revenue of $3 billion for Reyes Beverage Group was calculated by multiplying the 151 million cases distributed by the unit in 2016 -- as reported by the company -- by the division's per-case revenue in 2011, according to industry publication Beverage World. The unit's operating profits are calculated to be $340 million in 2016 based on an assumed profit-per-case of $2.25 and it's valued using a transaction value multiple of 12.5 times these profits, according to discussions with beer industry consultants. Reyes is the largest independent beer distributor in the U.S., according to the experts.

The two foodservice divisions were valued together. Revenue of $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 peer companies: Amcon Distributing, Core-Mark Holding, Sysco.

Reyes Holdings has $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 group revenue each division is calculated to represent.

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.


Birthdate: 1955
Family: Married, 3 children
Education: Wofford College, Bachelor's Degree

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 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 100 warehouses around the world, according to its website. It has more than 18,000 employees and had reported revenue of $24 billion in 2014, according to its website.

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.

He lives with his wife Lori and their three children in Kenilworth, Illinois.

  • 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.