Other cities are not like that.". To calculate your net worth, take inventory of what you own, as well as your outstanding debt. 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. Labeled a secondary color on the color wheel, indigo is formed from mixing primary colors blue and red, creating a beautiful, rich shade. Anyway, the well-to-do new owners of La Vie En Rose are a couple from Louisville, Kentucky (of all places) named Todd & Karen Blue. In 2002, Mr. and Mrs. Goldman spent untold millions to custom-build the high-tech facility, which was constructed entirely from steel, aluminum, and glass. Dealing with the steel mills and rail roads was very similar to dealing with auto manufacturers, said Blue. I would drive to car dealerships to look around, said Blue. Earlier this year, as yall may recall, Yolanda discussed their recent purchase of an epic $16 million Malibu estate named La Vie En Rose. At that time, it was called Villa La Mare, or house at the sea, The property is not actually on the seafront, of course, though it does sport ocean views. Earlier this year, he added a Porsche dealership in St. Louis through a Right of First Refusal. Dave Rossman, Contributor / Contributor Show More Show Less 2 of . Todd Blue, a former real estate developer and executive at a family business, started collecting classic cars about 15 years ago, which soon sparked loftier automotive ambitions. The median earner probably aren't the ones fueling the market for luxury cars. For the first four years after becoming a dealer Blue said he focused on teaching himself about the business and hiring good people. This TV star has an estimated negative net worth of $5 million as of 2022. For some reason this room has not one but two giant fireplaces. Mr. Blue is influential in the luxury automotive market and an integral member of the Porsche Dealer Board of Regents; he took a moment to chat with the editorial team at Automotive News about the exciting future of Porsche and the nuances of the 2018 model year. Other cities are not like that. Bravo! "It's just another great sign of really positive economic development in the area," said Greg Simpson, president of the North Houston District, who put the dealership second in terms of scope only to Amazon's new North Houston fulfillment center among recent business projects in his district. Billionaire Lasry to Sell Bucks Stake, Valuing NBA Team at $3.5 Billion Collecting Here's What a $10 Million Violin Sounds Like Featured Screentime New York Property Prices Where to Go in 2022 View. What is Indigo White Net Worth? As mentioned, the property spans more than an acre and is mostly landscape-free in favor of an expansive paved driveway that wraps all around the structure and allows large semi-trucks and car carriers to directly access the facility. But then again, theres always the possibility that the new place has a hidden underground lair. Ally is proud to support and celebrate their achievements., Desert Publications Inc. 303 N. Indian Canyon Drive, Palm Springs California 92262, PHOTOGRAPH COURTESY TIME MAGAZINE DEALER OF THE YEAR. ", 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. Whether its the number of amps required for the fast-charge system to charge these vehicles from a zero battery to 80 percent in 15 minutes, thats going to be a huge point of differentiation, especially in the beginning, for Porsche. We had a terrific location and the fact that it was a single-point Porsche store gave me the opportunity to focus and learn the business. Todd Chrisley: Net Worth, Salary. In 2013, he acquired Desert European Motorcars. 4. We thought so too. IndiGO already includes three Porsche franchises, but he wouldnt mind owning more. Wishful thinking? In 2010 Blue moved into a 13,000-square-foot Porsche store on the North Freeway, about 2 miles south of the budding Grand Parkway. indiGO Auto Group Founder & CEO Todd Blue Featured in Automotive News. It's a market for the top tier of spenders in Houston, a city noted for America's fastest-growing population of multimillionaires in 2014 at the height of the shale boom. McLaren Rancho Mirage Velocity 720S Event from ToddBlue.com on Vimeo. Dirt is a part of Penske Media Corporation. From 2010-2020, as Founder and CEO, Todd lead indiGO Auto Group on an unparalleled growth trajectory for over ten years. All rights reserved. Most of his net worth comes from his contribution to the movies and television industry. A few years ago, Todd Blue, chairman and CEO of IndiGO Auto Group in Houston, was thinking of acquiring more stores in the Houston area, or at least in Texas. From that sale, liquidity was generated to invest in and launch new entities. (Michael Starghill, Jr.), Todd Blue, owner of a brand new flagship Porsche dealership, talks on the phone Thursday June 29, 2017. "This is literally like the Disneyland of Porsche," he said recently, strolling the 60,000-square-foot facility in a blue Italian suit as work crews attended to finishing touches. The outsized spread was originally listed way back in November 2016 with a truly ridiculous $27.75 million ask. In January of 2023 Todd was appointed to the11-99 Foundation Board of Directors. His net worth is up $800 million from a year ago due to an uptick in Kinder Morgan's share price (he owns a 23% stake) and combined quarterly payouts worth more than $200 million. 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. A consistent increase . The glassy car entrance garage door, if you will is discreetly located at the rear of the facility. 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. Working in the scrap metal business was in some ways good preparation for being a car dealer, said Blue. If you are active in the automotive buy sell arena, we would like to talk to you about contributing to Automotive Buy Sell Report. Live from London, tracking the breaking and top business news stories in the lead-up to the opening of European markets. Blue figured his dream of being a car dealer was dead, but he continued to buy and sell cars for himself. Miriam Doblas Muoz, better known as Lol Indigo, is a Granada-based singer and dancer. In 2017, he formed a strategic alliance with Pon Holdings of the Netherlands, which has become the companys largest investor. Your fresh start is here. Imagine that, kids. Todd received the Governor of Kentuckys Economic Development Leadership Award in 2004. An associated email addresses for Todd Blue are toddb***@comcast.net, toddeb***@yahoo.com and more. IndiGo Auto Group, a Houston-based luxury automotive dealership group, has found its new CEO within its own ranks. Our Mr. Goldman caresses every rakish fender, gently fingers every crevice on their bodies until dawn begins to illuminate their sinewy sheetmetal. 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. Anyway, the Goldmans relocated to a different house in Malibu a few years back and sold off their Point Dume residence. The first step is to calculate the net worth of the individual at the start and end of the period. Blue liked that so much, he started IndiGO Classic Cars in Louisville in 2006, and joined the automotive network within the Young Presidents Organization, a professional networking group. Rather, it was down the hill and around the corner. "Seems like everything is moving in the right directions.". Possibly even more? 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. But lurking behind all that steel and wood is a strangely squat 7,000-square-foot structure with an industrial-looking edifice. On the domestic side, I think Cadillac has a terrific future., But, he quickly added, We love the brands we are currently honored to represent., Your email address will not be published. You take care of them and they'll take care of you.". Todd Blue is on Facebook. "All this will, of course, change when the numbers are available," Deb adds. A panel of faculty members from the Tauber Institute for Global Operations at the University of Michigan will select one finalist from each of the four NADA regions and one national Dealer of the Year. Cobalt developed many condos and office buildings around Mr. Blues hometown. (Very) loosely translated, it reads The princess burns an everlasting flame in the attic., Pretty awesome, right? EU Leadership Forum in Energy Transition. Todd Blue has had 1 past job as the Founder & CEO at indiGO Auto Group. It is there, in Houston, where Mr. Blues business interests are headquartered. Get PC Daily delivered directly to your inbox don't miss anything! And thats what makes this setup fabulous. Net worth totals vary by education, age, income and other factors. The amount and value of indigo exports increased in subsequent years, peaking in 1775 with a total of 1,122,200 pounds, valued at 242,395 . What justifies massive multiples for luxury auto dealerships? LinkedIn is the world's largest business network, helping professionals like Todd Blue discover inside connections to recommended job . The average EBITDAR to EV value for full-service Asian flag carriers is 6.5. read more. Markets never sleep, and neither does Bloomberg News. One of the most important questions her fans keep asking about Indigo White would be how much does she actually have? He was looking for a high-line dealership in a big-city market, he wrote. Bloomberg Daybreak Europe. 2023 Dirt.com, LLC. Black= 49%. Todd Blue, chairman and CEO of IndiGO Auto Group, at Porsche of St. Louis. Laura Greenberg and Melissa Mithoff chaired the event thatcelebrated Dec My Rooms decade of providing personalized hospital rooms for longterm pediatric patients. Upon arrival, Blue called Kelly Wolf, a member of the tight-knit luxury automotive clique in Houston whom Blue had met at a Porsche brand meeting in Germany. In 1992 Todd began his career at Luria Brothers Chicago office as an account executive within its steel-mill-service and trading group. They are extraordinary auto leaders who care and go the extra mile to give of themselves to make their communities stronger. All Rights Reserved. Gen X (ages 40 to 55): $1.9 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, have been posted and revered on online car lover forums, with an even-steven $10 million asking price, discussed their recent purchase of an epic $16 million Malibu estate named, 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, Michael Milkens Son Asks $64 Million for Longtime Palisades Home, New York Hedge Funder Lands Classic Santa Monica Home. Turns out the buyers are Todd & Karen Blue, a married couple from the U.S. state of Kentucky. , the Goldmans relocated to a different house in Malibu a few years back and off! 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