Tom Love Net Worth
Tom Love Net Worth
Tom Love is an American billionaire businessman who has built a multi-billion dollar empire. He and his wife Judy have created one of the richest families in Oklahoma. They own and operate more than 300 truck stops and convenience stores across the United States. In addition, the Love family has also funded many charities in the Oklahoma area, including a $28 million fund for children’s medical research.
Tom and Judy Love have four children. Three of their children work for the Love’s Travel Stops and Country Stores. The Love family has a net worth of more than $3.6 billion. This amount is estimated to increase by about $20 million in the coming years.
In 1971, Tom and Judy started a fuel station and convenience store business. The Loves’ first store was in Watonga, Okla. The company eventually opened 40 gas stations in surrounding areas. They also developed a line of food and gift shops. This led to Love’s becoming one of the largest self-service gas and convenience stations in the nation.
After several years of expansion, Love’s business grew to include more than 100 locations in 37 states. The company’s annual revenues now total $20 billion. The Loves have two wholly owned affiliates. They are Love’s Travel Stops & Country Stores and Gemini Motor Transport. The Loves’ business has a reputation for overstating their size.
When Love was just a teenager, he began working odd jobs. He eventually left school to join the United States Marine Corps. After joining, he rose to corporal rank. The Loves married in 1961. He and his wife have a daughter and four sons. Their family has been supporting local charities and higher education. They have given $5 million to the University of Oklahoma business college.
Today, Tom and Judy Love have a net worth of nearly $5 billion. The Loves have a number of assets, including a house in Oklahoma City, a car, and a number of social media accounts. These accounts can be accessed through email. The Loves have a number of children, some of whom have started their own businesses. Their daughter Jenny Love Meyer serves as the company’s vice president of communications. Another daughter, Tina Green, lives in Monaco with her husband Philip Green. All of the Loves’ children have their own net worth.
In addition to her business, Judy Love has a number of board positions. She is the president of the Love Family Foundation and is on the boards of Mercy Hospital Oklahoma City and SSM Health Care. She is also on the boards of numerous other Oklahoma-based organizations.
In 2015, the Love family ranked seventh on the Forbes list of the richest self-made women in the world. They also tied for ninth on the Forbes list of America’s richest self-made women. The Loves’ net worth has increased from $6.9 billion.
When the Loves opened their first gas station, they financed it with a $5,000 loan from their parents. Their parents were lawyers who went on to serve as presidents of Kerr-McGee. This was a time when the oil embargo threatened the Loves’ business. The Loves later expanded the business by adding grocery lines to the gas stations. They were soon able to grow their business to more than 420 locations across 41 states.
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