Todd Marinovich. Accelerating Opportunity. IndiGOs Drive 4 Kids with BMW of Palm Springs from ToddBlue.com on Vimeo. But heres the $15 million (or $20 million or whatever) question: to where will Mr. Goldmans exotic rides zoom off? Blue has also supported the California Highway Patrol 11-99 Foundation (provides emergency benefits to the patrols employees and their families in times of crisis); Petersen Automotive Museum (Los Angeles, California); Rancho Mirage Chamber of Commerce; Palm Springs Chamber of Commerce; The Barbara Sinatra Childrens Center; The Bianca Rae Foundation; The Prostrate Cancer Foundation; St. Johns School and Texas Childrens Hospital in Houston. 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. (Surprisingly, we never heard back from Mr. Talla. Losing a sister and a mother is a span of 24 hours can be the most difficult things to handle in life. "I thought, clearly he's a dreamer. The bedroom at the garage is . KTRK Channel 13 news anchorGina Gaston emceed the evening that feted Dec My Room founderSusan Plank and hubby Mike, Gina and Dr. Devinder Bhatia, Melissa and Michael Mithoff, Laura and Evan Greenberg, Peter Remington and Karen Deguerin, Laurie and Tracy Krohn,Tatiana and Bob Green, Karen andTodd Blue,andChristie and Mark Sullivan. 4. Todd Thompson net worth: Todd Thompson is an American fashion designer who has a net worth of $8 million dollars. In its eighth year as exclusive sponsor, Ally will recognize dealer nominees and their community efforts by contributing $1,000 to each nominees 501(c)3 charity of choice. He has lived in Argentina, Kazakhstan and Colombia and speaks fluent Spanish. It fit the bill. 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 . We love the his-and-hers baths and closets his bathroom is done up like a very masculine library, with wood-paneled walls and a leather chair/ottoman. His interest in cars led him to purchase his first dealership Porsche of North Houston in 2010. And the wealthiest residents there tend to congregate together. What justifies massive multiples for luxury auto dealerships? He offered a store he'd acquired in Houston but did not want. Our boy is an auto dealership magnate who owns at least ten facilities across the country, all of them selling luxury nameplates Porsche, Bentley, Lamborghini, BMW, McLaren, Aston Martin and the like. 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 . Blue hopes to build a stand-alone car wash on site, too. Were sure Mr. Goldman wouldnt dream of doing such a silly thing. In 2018, we have a transition year where [the redesigned] Cayenne doesnt come till the third quarter. 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. Automotive News: How was 2017 for Porsche dealers? This year, he has acquired a Porsche store in St. Louis, bringing IndiGOs franchise count up to 12. Their new contemporary Malibu residence is located not far from Point Dume less than 10 minutes by car, it is but it is much further away from the ocean, up above PCH in the foothills. Rather, it was down the hill and around the corner. Mr. Blue comes from a wealthy Louisville family who made their fortune in scrap metal, although the clans steel mill business was sold off some years ago. He is currently a member of the Young Presidents Organization and is chairman of the board of The indiGO Blue Family Foundation, which supports various initiatives. If yall were just passing by, you might glance at the gate and imagine it is protecting just another celebrity mansion like all of the neighboring properties. As indigo is mixed, there are many different shades available, sometimes causing confusion over what the 'true' color is meant to be. Get the latest scoop directly in your inbox. Knowing that our employees, in a confidential survey, would confirm that our dealerships exceed their expectations is a great accomplishment, he said. You need a culture of yes, he said. Todd Blues agents: The Altman Brothers, Douglas Elliman, Get our latest stories in the feed of your favorite networks. Porsche is on this. It does, however, sport a magnificent ocean view. 16,000 crore to Rs. Working in the scrap metal business was in some ways good preparation for being a car dealer, said Blue. Black= 49%. 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. The property was in escrow within four months and sold, albeit for $7,325,000 a significant 27% discount. From 2010-2020, as Founder and CEO, Todd lead indiGO Auto Group on an unparalleled growth trajectory for over ten years. Watch until the end to find out their monthly . With the help of his leadership team, Blue established the annual indiGO Drive4Kids fundraiser in 2012, a community event that combines his love of sportscars with philanthropy. Most of his net worth comes from his contribution to the movies and television industry. 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. Blue, 49, was chosen to represent the California New Car Dealers Association in the national competition one of only 51 auto dealers nominated for the 50th annual award from more than 16,000 nationwide. She owned Havanese dogs named Soul and Miso. (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. Warren . Today our business provides careers for almost 400 automotive professionals which supports their families. In his collection we see white, we see black, we see silver. The most valuable commodity for these kinds of customers is their time. Find contact and company information for business people in our free business information database. It is about more than making the process easy, however. Originally built in 1992, the house was extensively renovated by Mr. Talla. Finally, Porsche approved the acquisition. When Todd Blue established IndiGO Auto Group in 2006 and set out to acquire the greatest automobile dealerships in the United States, he was most impressed with Desert European Motorcars in Rancho Mirage. Stop for a moment and imagine Mr. Goldman waking up in the wee hours of the morning. The best parts of the estate, however especially for kids are the expansive grounds, which span about 2.7 acres and include numerous outdoor dining options, a 75-foot long infinity pool w/ waterfall feature, a full-size tennis court, and a bocce ball court. Net Worth: $76 B. Applying the same ratios to the Air India EBITDAR, he arrived at an enterprise value for Air India in the range of Rs. Kelly Wolf, formerly president and COO, has taken over the top role from founder. You add new practices that may increase soil carbon and reduce emissions on your farm, with agronomic support from Indigo. Todd and his wife Karen lead The Karen and Todd Blue Family Foundation. The Time Magazine Dealer of the Year award is one of the automobile industrys most prestigious and highly coveted honors. A boon of being well-to-do is that one can afford to indulge ones passions in ways mere financial mortals cannot. Dip the end of the cutting in rooting hormone and plant it in a small pot filled with standard potting mix. We think there is good wisdom at expanding relationships with the brands you currently do business with, Blue said. Porsche has always been one of the worlds greatest brands, so this was an opportunity I couldnt pass up, Blue said. IndiGo Auto Group, a Houston-based luxury automotive dealership group, has found its new CEO within its own ranks. View Todd Blue's professional profile on LinkedIn. Aside from its locationoutside of Texasit was exactly the kind of acquisition Blue was looking for. Then a broker started talking with him about Desert European Motorcars, located in Rancho Mirage, California. And then there are the more ahem unique creations. By: Momentum Marketing April 2, 2010 - PRLog -- IndiGO Classic Cars Acquires Porsche of North Houston In 2013, he acquired Desert European Motorcars. A guy will pull up in torn jeans and cowboy boots, but they are the biggest Lambo buyer, said Blue. There is no other collection like it in North America, said Blue. (Estimated) Gender: Female: Age: 28 years in 2023: Zodiac Sign: Virgo: Tattoo: Yes: Piercing . Several of the vehicles are worth seven figures easily and the total value of the collection is probably $15 million. One of Mr. Blues nearest new Malibu neighbors is professional basketball star DeAndre Jordan, who recently plunked down $10 million for a smaller but similar Tuscan-esque estate just a quick skip away. It is about aligning my mission around catering to customers that are just like me when I was a customer. 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. People that really want the experience are willing to pay for it.. If you are active in the automotive buy sell arena, we would like to talk to you about contributing to Automotive Buy Sell Report. Todd and his wife, Karen, have three children. 6 Facts On Indigo White That Might Surprise You! Bravo! A year later, Blue acquired Lamborghini Houston. He also has a daughter from a previous relationship. After all, Malibu is a fairly small city. Noteworthy Characteristics. "We don't just sell cars - we sell a lifestyle," Lawrence said. Construction of a flagship dealership required meticulous detail aimed at consistency of the German company's self-professed corporate image. He now presides over 11 dealerships in Texas and California all of them luxury nameplates like Lamborghini, McLaren, BMW, and Porsche. Live from London, tracking the breaking and top business news stories in the lead-up to the opening of European markets. 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. Cobalt was a strategic investor in multiple industries such as restaurants, financial services, publishing, events, and urban real estate development. IndiGO Auto Group was founded in 2010 with the Porsche store. The two got together, and Blue outlined his vision to expand his newly acquired dealership into a national group. Fast forward eight years, and his IndiGO group is now comprised of a dozen luxury auto dealerships. Todd Fisher Net Worth. In January of 2023 Todd was appointed to the11-99 Foundation Board of Directors. 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. Net worth totals vary by education, age, income and other factors. He has a collection of more than 100 formal shoes and his wife likes his collection.Todd Gilliland loves to buy new shoes every month when he has some time to go shopping.. And none of these vehicles are the kind that yall could just walk in and buy off the dealership showroom floors, kids. Possibly even more? And Blue, the 48-year-old CEO of indiGO Auto Group, envisions greater growth ahead. Todd Rome, Blue Star's president, is now . Three finalists will receive an additional $5,000 for their favorite charities and the winner will receive an additional $10,000 to give to charity. All the ways to handle the batteries, both the physical way as well as the maintenance, is all being discussed. Buggati Houston Chiron Launch Event / IndiGO already includes three Porsche franchises, but he wouldnt mind owning more. For the first four years after becoming a dealer Blue said he focused on teaching himself about the business and hiring good people. Roman Todd Net Worth 2022. And Blue, the 48-year-old CEO of indiGO Auto Group, envisions greater growth ahead. Earlier this year, as yall may recall, Yolanda discussed their recent purchase of an epic $16 million Malibu estate named La Vie En Rose. In 2015, the company bought and consolidated both Porsche dealerships in St. Louis, and in 2016 bought BMW of Palm Springs. 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. 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.". 4. Today, Lawrence, now 37, is looking for a spike in sales next year after Lamborghini releases its first SUV in two decades. Todd Thompson is the former husband of famed chef, Giada De Laurentiis.The pair . Despite this, he is not universally adored in Kentucky Mr. Blue often clashed with city officials and local preservationists, who objected to his demolition of historic buildings to make way for parking lots. Type the color indigo hex code #4B0082 in the search box underneath the color box and hit enter. And pictures of his cars and garage (auto museum, as he calls it) have been posted and revered on online car lover forums for upwards of a decade now. Indigo was born Alyssa Ashley Nichols in 1984,. Our investment efforts and managerial capabilities are focused on the operation of a global and diversified portfolio. He was looking for a high-line dealership in a big-city market, he wrote. 4. Desert European Motorcars included Porsche, Audi, Jaguar, Rolls Royce, Land Rover, Aston Martin, Maserati, Bentley, and McLaren franchises. The business is now owned by Caterpillar (CAT-NYSE). Imagine that, kids. They are extraordinary auto leaders who care and go the extra mile to give of themselves to make their communities stronger. 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. For someone who did not grow up in the industry, Blue, who always loved sports cars, had an unusual fascination with the automobile industry. 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. His family owned a commodities-related business, but instead of working there in summers, Blue got a job working in the floor plan lending department of a bank. 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. Todd Blue, chairman and CEO of IndiGO Auto Group, at Porsche of St. Louis. Beyond the magazine. In 2013 came the opportunity to acquire Desert European Motorcars. . Todd Graduated from The George Washington University with a degree in International Business in 1992. Gracie J Blue, director; Karen L Blue, director; TODD L BLUE, agent; Todd L Blue, director; Todd L. Blue, president; Registry Page 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. He oversaw an expansion that led the companys transformation into one of the largest suppliers to railroads, while also adding a railcar leasing entity. Mr. Schroepfer owns over 38,138 units of Meta Platforms Inc stock worth over $114,436,500 and over the last 11 years he sold META stock worth over $460,628,064. After successfully unloading one of his own classic rides at a profit, he decided to give the car business a whirl. To date, the initiative has raised nearly $200,000 for childrens charities throughout Texas and California, the two states in which the event has taken place. 1: SIGN UP. indiGO Auto Group'sFounder & CEO Todd Blue was featured last week in Automotive News. Mr. and Mrs. Blue are now in their 40s and have four young children two boys and two girls. Soon, we imagine, the place will be home to an entirely different but probably no less impressive fleet of luxury rides. Site Staff January 9, 2019 Current Digital, Social Scene. Blue Equity, LLC is an independent, private equity firm that invests in enterprises with solid developmental potential. Moving beyond Good Enough business performance, JAMOC LLC acquires Chrysler Dodge Jeep Ram auto dealership in California, Zeigler Auto Group grows its luxury footprint with four-franchise acquisition, Melvin Cooper acquires Mid Bay Chrysler Dodge Jeep Ram auto dealership in California, Melvin Cooper acquires Mid Bay Ford Lincoln dealership in California, Serpentini Auto Group in Ohio acquires three more Chevrolet dealerships, Todd Booth and Gary Mroczek acquire Chevrolet and Buick auto dealership in Nebraska, Vertu Motors auto dealership group in the U.K. acquires four Volkswagen stores from Sytner Group, Europes Hedin Group acquires SeeAll auto dealership group in Switzerland. Our Mr. Goldman caresses every rakish fender, gently fingers every crevice on their bodies until dawn begins to illuminate their sinewy sheetmetal. View Full Image Todd was selected as one of 50 nominees for the Time Magazine National Automobile Dealer Associations Dealer of the Year in2019. Established in 2004, Blue Equity is built on a legacy of leadership in business dating back four generations to 1913. But on second thought, that could be be coincidental. Todd sold indiGO to Pon and retired from indiGO in 2020. 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 the darkness, he silently he jogs around the corner and up the short hill, his sock-covered feet barely kissing the ground in his haste. Source of wealth: Microsoft. Blue figured his dream of being a car dealer was dead, but he continued to buy and sell cars for himself. All Rights Reserved. Following her exit from the show, the singer signed with . What is Indigo White Net Worth? This energizes and motivates me with purpose. 2229 San Felipe Street, Suite 1125Houston, TX77019. 3: RECORD DATA. We would love to buy a dealership at the multiples as they are reported, Blue said, But everybody pays more than that.. "All this will, of course, change when the numbers are available," Deb adds. At the end of FY21, IndiGo's net worth was merely 71 crore, declining from 5,860 crore a year ago. The company was eventually sold to the largest processor of railroad materials in the world, Progress Rail Services Corporation. But lurking behind all that steel and wood is a strangely squat 7,000-square-foot structure with an industrial-looking edifice. It will "be a prototypical dealership, which showcases Porsche's latest design scheme.". Blue Equity, LLC is an independent, private equity firm that invests in enterprises with solid developmental potential. Or perhaps they are planning to acquire some LA car dealerships. 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