After acquiring that business from his father and significantly growing revenues, he and his brother eventually sold it in 1998. He also has a 1955 Porsche Yacht and Wagon, the only vehicle in the collection that is not blue. He has beautiful Black eyes that attract the viewer's attention. How many McLaren dealerships are there in the US? Apparently business is really booming Mr. Blue recently received a substantial investment (amount undisclosed) from European conglomerate Pon Holdings BV. Blue: Lucky Number: 1: Lucky Stone: Diamond: Lucky Color: Red: Best Match for Marriage: Leo: Social Media; Facebook Profile/Page: Twitter Profile: Instagram Profile: . The buyers were Todd and Karen Blue, a couple from Kentucky who recently purchased a true 10,100-square-foot mansion in Malibu for themselves and their children. Mr. Blue is also the owner of Cobalt Ventures, a firm that was once one of Louisvilles biggest real estate developers. We are looking for active professionals who understand this part of the automobile industry [], Automotive Buy Sell Report is the first website and weekly report to give participants in the automotive dealership buy sell industry [], Advertising on Automotive Buy Sell Report is a great way to specifically target those []. "I said to myself, 'To afford this hobby, I better make it a business,'" Blue said. Fast forward eight years, and his IndiGO group is now comprised of a dozen luxury auto dealerships. And while you might think that the amount of folks looking for a $10 million auto museum way out in desolate Malibu would be small indeed, think again. Most of his net worth comes from his contribution to the movies and television industry. "I thought, clearly he's a dreamer. (Very) loosely translated, it reads The princess burns an everlasting flame in the attic., Pretty awesome, right? (Podcast), Former CEO/Founder, indiGO Auto Group Texas LLC. 4. Dave Rossman, Contributor / Contributor Show More Show Less 2 of . Today, Lawrence, now 37, is looking for a spike in sales next year after Lamborghini releases its first SUV in two decades. Savannah was also the winner of the 2015 Miss Tennessee Teen USA. Under the LAPIS brand, Todd leads a diversified portfolio of companies which includes automotive and real estate., In December of 2020, Todd was appointed to the Kataman Metals Board of Directors. With this, the airline's net worth has now turned negative. Thats part of why we enjoy writing about high-end real estate every custom-built property tells a unique, occasionally offbeat story about the personalities and quirks of its owners. 1 of 20. Since his group encompasses 10 brands, that covers a lot of territory. In 2009, Blue was approached to purchase Porsche of North Houston in Texas. The median earner probably aren't the ones fueling the market for luxury cars. I would drive to car dealerships to look around, said Blue. We would love to buy a dealership at the multiples as they are reported, Blue said, But everybody pays more than that.. Porsche North Houstons Porsche Classic Partner, The Grand Re-Opening of Lamborghini Houston & Rolls-Royce Motor Cars North Houston, Bentley Rancho Mirages All New 2019 Continental GT Event, Porsche Rancho Mirages Panamera Sport Turismo Event, McLaren Rancho Mirages Velocity 720S Event, Porsche North Houstons Grand Opening Event, Aston Martin Rancho Mirage Reveals The New DB11 Volante. In addition to the garage itself, which can hold 25+ exotic vehicles. This is a carousel. Over that same period, Houston's median household income grew 30 percent to just $56,629, and the largest single income block remained those earning between $50,000 and $75,000, constituting about 17.5 percent of county earners in both 2005 and 2015. This design has now become the standard around the world for the Porsche brand and its retail dealerships. Blue Equity, LLC is an independent, private equity firm that invests in enterprises with solid developmental potential. Come on, Mr. Blue, it wouldnt hurt. Todd Marinovich. "We have services for the customer where budget is not a factor," Blue said. Porsche Rancho Mirage Panamera Sport Turismo Event from ToddBlue.com on Vimeo. We wouldnt doubt it. Todd Blue is on Facebook. He shook up the staff and brought annual sales there to 78 vehicles in 2016, up from 12 in his first year. A Different Kind of Luncheon | Benefiting Clayton Dabney for Kids With Cancer, Mark Flood- A Guide for Nude Investors Gallery Show Opening Reception, Opening Reception: Ann Stautberg and Frank X. Tolbert, Highland Park Villages 2023 Guide to the Best Valentines Day Gifts, The Best Holiday Gifts for Everyone On Your List from Highland Park Village, Partners Card Picks at Highland Park Village Discounts on Brands That Rarely (If Ever) Go On Sale, Stunning Fall Finds at Highland Park Village Get a Fresh Look This Fall, Highland Park Villages Ultimate Mothers Day Gift Guide for Every Kind of Mom, Spring Has Sprung at Highland Park Village With A Fresh (And Floral) New Lookbook. Mr. Bluedorn owns over 9,298 units of Lennox International Inc stock worth over $7,502,626 and over the last 16 years he sold LII stock worth over $104,226,981. After several well-deserved price chops, strip club owner D. Michael Talla (the seller) managed to offload the Tuscan-ish porker to a mysterious corporate entity. If you are active in the automotive buy sell arena, we would like to talk to you about contributing to Automotive Buy Sell Report. That was more than double the rate of 10 years prior, 3.5 percent in 2005. All the ways to handle the batteries, both the physical way as well as the maintenance, is all being discussed. Weve got some really wonderful and new and fresh products at the beginning of the year like the GT 911s the GT2 RS, the GT3s. Even the incessant oil slump hasn't taken the edge off Houston's market for high-end toys - and the new Porsche North Houston comes amid several high-profile, high-dollar luxury car projects emerging across town. Todd Blue President: INDIGO HOUSTON 18111 NORTH FREEWAY, LLC: 350 N Saint Paul St, Dallas, TX 75201 15 River Hill Road, Louisville, KY 40207: Todd L. Blue Who: Neimans GM Bob Devlin, Debbie Festari, Leisa Holland Nelson, Ralph Birch, Heather Aldis, Todd Freed, Janet and John Carrig, Laurie and Tracy Krohn, Shelly and Steve Kelly of Kelly-Tooke handbags, Ursaline Hamilton, Courtney Hopson and Jen and Matt Bruce. Porsche has always been one of the worlds greatest brands, so this was an opportunity I couldnt pass up, Blue said. He credits Houston for his success: "There's something in the water that is celebratory of the entrepreneur and of business people that take a risk. Whew! Peep a bit closer, and youll realize this structure is not a house at all its actually a garage, albeit a very fancy, unique, mansion-sized one. During his time as CEO, his dealerships have been multi-year award winners of the J.D. Agent Name TODD L BLUE Agent Address 301 EAST MAIN STREET, SUITE 101, LOUISVILLE, KY, 40202 Directors / Officers. Todd, Blue, CEO and founder of indiGO Auto Group in the desert, has been nominated for the 2019 Time magazine Dealer of the Year award. During his tenure as Dealer Principal, multiple franchises for Audi, Jaguar, Land Rover, Lamborghini, Rolls-Royce, McLaren and single points for Aston Martin, Bentley, BMW as well as four Porsche dealerships were acquired in Houston, St Louis as well as Rancho Mirage, Palm Springs, Riverside and Marin County, California. Dealership points were awarded for Porsche in San Francisco, Little Rock Arkansas as well as Ferrari in St Louis. As the only dealer in the selected by Porsche to do so, Todd served on the design committee as Destination Porsche (Porsches future design for it retail dealerships around the globe) was conceived. "If I hadn't taken that chance, I'd have regretted it forever.". From the average net worth, as compared to the median net worth, for each age group, it's apparent that the median net worth may be a more standardizing financial metric to use to analyze net worth by age in the U.S. He oversaw an expansion that led the companys transformation into one of the largest suppliers to railroads, while also adding a railcar leasing entity. Just kidding. In addition, he makes $6,585,370 as Chairman and Executive Director at Patrick Industries. Totally unique, memorable, and it would give this place a nice touch of Germanic austerity. Now, when he looks at possible acquisitions he doesnt look at the published multiples for a franchise, Blue told Automotive Buy Sell Report. CHAIRMAN AND DEALER PRINCIPAL, INDIGO AUTO GROUP, DESERT EUROPEAN MOTORCARS. 445 E Market St Louisville, KY 40202 PO Box 1509 Louisville, KY 40201 7 West Ln Houston, TX 77019 13911 North Fwy Houston, TX 77090 2229 San Felipe St Houston, TX 77019 13921 North Fwy Houston, TX 77090 PO Box 1610 Rancho Mirage, CA 92270 15 River Hill Rd Louisville, KY 40207 2525 Eastside St Houston, TX 77019 . Finally, Porsche approved the acquisition. And earlier this year (March 2018), the Blues finally got around to unloading their fully upgraded estate in Kentucky. Red= 29.4%. Even though were talking about 2019, 2020 for Mission E, we are very focused on everything were doing on the electrification of Porsche. The facility will include two stories of showrooms, a Porsche simulator, a clothing and accessory boutique and a customer waiting room with glass windows overlooking an air-conditioned, 26-station service shop that more resembles a hospital than a garage. Get the latest scoop directly in your inbox. Todd Chrisley . How Carbon by Indigo works. "Desert European is a collection of Porsche, Audi, Jaguar . Blue hopes to build a stand-alone car wash on site, too. IndiGOs Drive 4 Kids with BMW of Palm Springs from ToddBlue.com on Vimeo. Smaller family-owned dealership groups still on acquisition trail though large auto groups do have advantages, Edmunds says used car prices in Q2 up nearly eight percent, The Park Place Dealerships sale may herald changes in buy sell market, says The Presidio Group. Why? This TV star has an estimated negative net worth of $5 million as of 2022. He now presides over 11 dealerships in Texas and California all of them luxury nameplates like Lamborghini, McLaren, BMW, and Porsche. The two got together, and Blue outlined his vision to expand his newly acquired dealership into a national group. And Blue, the 48-year-old CEO of indiGO Auto Group, envisions greater growth ahead. The Time Magazine Dealer of the Year award is one of the automobile industrys most prestigious and highly coveted honors. Wishful thinking? Facebook gives people the power to share and makes the world. Possibly even more? Porsche is on this. He was looking for a high-line dealership in a big-city market, he wrote. The house a mere 8 minutes from downtown Louisville, yall sold for exactly $3 million. Refined Estate in the Hills Sells to Fayed Family Member, Rob Lowes Son John Owen Scores LA Home With Big Views, Mark Wahlbergs $55 Million Mansion Sold to Buyer of Heather Dubrows Newport Chateau, recently received a substantial investment, Complete With an Airstream, Reese Witherspoon's Former Malibu Getaway Is Yours for the Taking, Fashion Nova's Richard Saghian Spends $40 Million on Carbon Beach Mansion, First Priced at $125 Million, Paradise Cove Estate Sells for $91 Million to Hollywood Filmmaker, Reconstructed Thornton Abell Modern in Santa Monica Canyon Seeks $10.5 Million, Frank Lloyd Wrights Only Oceanfront Home Sells for Record Price, Five Cities Besides Palm Springs Blessed With Fantastic Midcentury Architecture. Listing agent: Chris Cortazzo, Coldwell Banker . Todd Graduated from The George Washington University with a degree in International Business in 1992. His interest in cars led him to purchase his first dealership Porsche of North Houston in 2010. Although we have no inside intel on the matter, Yolanda rather suspects that the car-collecting Blues do not find the four-car garage on their estate commodious enough for their automotive needs. Could the new owner be a famous musician? He stealthily creeps out of bed, exits his house via a discreet side door, hops the front gate. Following her exit from the show, the singer signed with . Also our 911 volume is a little backloaded toward the end of the year. Choose the right Crunchbase solution for you Start Your Free Trial Dylan Baddour is a reporter for Inside Climate News covering the energy sector and environmental justice in Texas. In March 2018, he put the property up for sale with an even-steven $10 million asking price. From that sale, liquidity was generated to invest in and launch new entities. Find contact and company information for business people in our free business information database. What specific changes will need to happen at the dealership? View Todd Blue's professional profile on LinkedIn. In 2013, he acquired Desert European Motorcars. ", Details of a Porsche 1600 in the garage of a brand new flagship Porsche dealership on the north side of Houston Thursday June 29, 2017. The family business was sold in 1998 while Blue was executive vice president, so he took the money he made and bought some classic cars. Listing agents: Chris Cortazzo, Coldwell Banker; Kurt Rappaport, Westside Estate Agency Todd Blue, Founder and CEO of indiGO Auto Group, came to terms on an agreement in The Netherlands on June 26, 2017 just prior to an event celebrating Pon's 70 th anniversary of its relationship . Todd has been an active member of the Young Presidents Organization (and YPO Gold) since 2003. Blue then co-founded Cobalt Ventures and began investing in real estate, financial services, restaurants and other projects. Mr. Blues Houston Porsche dealership is one of the largest in the country, and his Houston Lamborghini dealership is the top American dealer (by volume) for the Italian marque. Stop for a moment and imagine Mr. Goldman waking up in the wee hours of the morning. In 2018, we have a transition year where [the redesigned] Cayenne doesnt come till the third quarter. As a young man, Mr. Blue had lots of money but no gainful employment, and so he began indulging one of his passions: collecting exotic cars, some of which he was able to flip for lucrative amounts. Bentley Rancho Mirages All New 2019 Continental GT Event from ToddBlue.com on Vimeo. But then again, theres always the possibility that the new place has a hidden underground lair. You map (or import) some or all of your field boundaries and enroll in Carbon by Indigo. The company sticks with Porsche as an anchor tenant when it starts in a new city, Blue said, because Porsche "has found the perfect equilibrium between supply and demand. The middle 40% of U.S. families own 22% of the wealth. On Saturday, he opened the doors on a new company headquarters for his 14-store, Houston-based group of luxury car dealerships - a two-story Porsche store designated by the German brand as one of six U.S. flagship locations. You add new practices that may increase soil carbon and reduce emissions on your farm, with agronomic support from Indigo. Now in his early 60s, Mr. Goldmans name probably does not ring a bell with most of yall, but in the exotic car collecting community he has long been well-known some might even say famous. But heres the $15 million (or $20 million or whatever) question: to where will Mr. Goldmans exotic rides zoom off? Then a broker started talking with him about Desert European Motorcars, located in Rancho Mirage, California. He auctioned off the restored Maserati for a profit, and the business was born. These quarters are best suited to a live-in security guard or one lucky professional caretaker, Yolanda thinks. McLaren Rancho Mirage Velocity 720S Event from ToddBlue.com on Vimeo. Blue said he aims to continue buying dealerships around Houston and the nation and will remain "disciplined and focused on staying in the luxury segment.". The first step is to calculate the net worth of the individual at the start and end of the period. She owned Havanese dogs named Soul and Miso. Blue figured his dream of being a car dealer was dead, but he continued to buy and sell cars for himself. (Michael Starghill, Jr.), A Porsche decal on the window of an office of a brand new flagship Porsche dealership on the north side of Houston Thursday June 29, 2017. Nominees will also be recognized on AllyDealerHeroes.com, which highlights the philanthropic contributions and achievements of Time Dealer of the Year nominees. And thats what makes this setup fabulous. Show Navigation Hide Navigation. Our investment efforts and managerial capabilities are focused on the operation of a global and diversified portfolio. Upon reaching the garage, he slips through the glass doors. A year later, Blue acquired Lamborghini Houston. Gracie J Blue, director; Karen L Blue, director; TODD L BLUE, agent; Todd L Blue, director; Todd L. Blue, president; Registry Page "The all-new Porsche North Houston will be one of the largest Porsche dealerships in the U.S.," Porsche Cars North America said in a statement. The outsized spread was originally listed way back in November 2016 with a truly ridiculous $27.75 million ask. Biography, Age, Height, Family, Net Worth. We form partnerships with existing management teams to leverage the collective expertise of all involved. "All this will, of course, change when the numbers are available," Deb adds. We'll focus on the median and average net worth figures for different age groups: Age of head of family. After working in metals trading in Chicago for almost three years, following his graduation in 1992, Blue joined his familys business in Kentucky in 1994. In 2013 came the opportunity to acquire Desert European Motorcars. Turns out the buyers are Todd & Karen Blue, a married couple from the U.S. state of Kentucky. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. The $7.325 million purchase price here did not include any of the fancy autos. After graduating from George Washington University in Washington, D.C. with a degree in International Business, he went to work for a scrap metals trading firm. He is looking to acquire more stores and stays in touch with brokers and with the manufacturers. Get the latest scoop directly in your inbox. Sometimes you never know whats lurking behind a gate. An unabashedly glamorous estate in the Malibu foothills recently transferred for just about 16 million large $15,907,000, to be exact after a bonafide ice age on the market. Blue was nominated by Brian Maas, president of the California New Car Dealers Association. Watch until the end to find out their monthly . After. Roman Todd 's revenue is $1.6M in 2022. Blue is one of a select group of 51 dealer nominees from across the country who will be honored at the 102nd annual National Automobile Dealers Association (NADA) Show Jan. 25 in San Francisco. For some reason this room has not one but two giant fireplaces. Savannah Chrisley is a cheerful tv-personality & actress who has a net worth of $6 million approximately. After working as a management consultant in New York City, Jonathan Blue returned to Louisville and joined the Blue Family business in the early 1990s. Anyway, the Goldmans relocated to a different house in Malibu a few years back and sold off their Point Dume residence. 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