BillionaireNet
Reyes
Jude Reyes
Rank #221
UNITED STATESFood & BeverageFood distribution

Jude Reyes

Net Worth
$13.1B
0% (24h)
Michael Jude Reyes, born in 1955, is an American billionaire businessman renowned for his significant role in the food and beverage distribution industry. As co-chairman of Reyes Holdings, a privately-held company, he oversees operations that generate approximately $40 billion in annual revenue. His career began with the acquisition of a beer distributorship in 1976, which expanded into a major enterprise with nearly 36,000 employees. Jude Reyes' net worth, primarily derived from his ownership in Reyes Holdings, is estimated at $13.1 billion. He is married to Lori Welch Reyes and they have three children.

The Full Dossier

Early Life

Michael Jude Reyes was born in 1955 in Washington, D.C.. He was raised in a large family in Maryland with Hispanic and Irish heritage. His father, Joseph A. Reyes, provided the foundation for business acumen. Jude Reyes earned a bachelor's degree from Wofford College.

Rise to Success

In 1976, Jude Reyes and his brother J. Christopher Reyes co-founded Reyes Holdings. Their initial venture was the acquisition of a small Schlitz beer distributor in South Carolina for $740,000. Under their leadership, the company grew through strategic acquisitions, diversifying into various sectors of the distribution industry. Reyes Holdings expanded into food distribution with the acquisition of Martin Brower in 1998.

Key Business Strategies

The Reyes brothers focused on efficient distribution and customer service, building partnerships with major brands. The company's expansion strategy involved acquiring numerous distributors and diversifying into related sectors, including Coca-Cola bottling. In 2022, Reyes Holdings unified its Coca-Cola operations under a single business unit, Reyes Coca-Cola Bottling.

Philanthropy

Jude Reyes is involved in philanthropic activities. He has served as chairman of the Rehabilitation Institute of Chicago's board and a director of the Children's Hospital Foundation in Washington, D.C.. In 2020, he donated $50,000 to Donald Trump's presidential campaign.

Career Timeline

2022

Unified Coca-Cola Operations

Consolidated Coca-Cola operations under Reyes Coca-Cola Bottling.

1998

Entered Food Distribution

Acquired the Martin-Brower Company, a McDonald's distributor.

1976

Co-founded Reyes Holdings

Acquired a small Schlitz beer distributor in South Carolina with his brother, J. Christopher Reyes.

Philanthropic Impact

HealthcareUndisclosed

Rehabilitation Institute of Chicago

Served as chairman of the board.

HealthcareUndisclosed

Children's Hospital Foundation

Served as a director.

Wealth Trajectory