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. Todd was selected as one of 50 nominees for the Time Magazine National Automobile Dealer Associations Dealer of the Year in2019. And none of these vehicles are the kind that yall could just walk in and buy off the dealership showroom floors, kids. Mr. Blue is also the owner of Cobalt Ventures, a firm that was once one of Louisvilles biggest real estate developers. The median earner probably aren't the ones fueling the market for luxury cars. 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. Who knows? Other cities are not like that. But in his early teens, he realized he didnt have the height or the skill to achieve that dream. In addition, he makes $21,813,000 as Chief Technology Officer at Meta . It is about aligning my mission around catering to customers that are just like me when I was a customer. Our Mr. Goldman caresses every rakish fender, gently fingers every crevice on their bodies until dawn begins to illuminate their sinewy sheetmetal. 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. Its an incredible honor to recognize these dealers for their business accomplishments and their unwavering commitment to Do It Right by helping others in their communities, Timmerman said. What specific changes will need to happen at the dealership? In 2006, Mr. Blue founded indiGO Auto Group, and began acquiring luxury automotive dealerships in Houston, Texas and in the desert resort areas ofRiverside County, California. When he was very young, Blue wanted to be a professional basketball player. 2: MAKE CHANGES. In late 2013, they paid $2,700,000 for a Tuscan-style thing in a guard-gated Rancho Mirage community. All rights reserved. "We have services for the customer where budget is not a factor," Blue said. Looking for Todd Blue? Todd also became the first in the world to build a Destination Porsche facility (which was built in Palm Springs). McLaren has 24 dealerships in the U.S. and three in Canada. Automotive News: How was 2017 for Porsche dealers? (Surprisingly, we never heard back from Mr. Talla. Maybe its just a vacation home. 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. The glassy car entrance garage door, if you will is discreetly located at the rear of the facility. You take care of them and they'll take care of you.". Dealing with the steel mills and rail roads was very similar to dealing with auto manufacturers, said Blue. The Color tool will provide a solid background color versus a gradient. Source of wealth: Microsoft. The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. After acquiring that business from his father and significantly growing revenues, he and his brother eventually sold it in 1998. Todd Blue. As was shown on a video feature forRobb Report, Mr. Goldmans eye-popping 14-car collection includes six Ferraris, five Porsches, two McLarens, and one ultra-rare Pagani Zonda, of which there are believed to be only ten units at most in the entire United States. Todd Chrisley . Get more of Dallas top restaurant, real estate, society, fashion and art in your news feed. Earlier this year, he added a Porsche dealership in St. Louis through a Right of First Refusal. 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. Median net worth . Several of the vehicles are worth seven figures easily and the total value of the collection is probably $15 million. After partnering to purchase the company (and its affiliates), he later sold most of its assets to Progress Raila division of Florida Progress. And when we say own, we include assets that you may still be paying for, such as a car or a house . 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. Todd Thompson is the former husband of famed chef, Giada De Laurentiis.The pair . indiGO Auto Groups Founder & CEO Todd Blue was featured last week in Automotive News. Bravo! 4. Or $20 million? In addition, he makes $6,585,370 as Chairman and Executive Director at Patrick Industries. Site Staff January 9, 2019 Current Digital, Social Scene. A guy will pull up in torn jeans and cowboy boots, but they are the biggest Lambo buyer, said Blue. The estimated Net Worth of Todd M Cleveland is at least $79.8 Million dollars as of 15 August 2022. 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. As weve said, our educated guess is that Mr. and Mrs. Blue will keep the facility as-is. Come on, Mr. Blue, it wouldnt hurt. Records do not reveal the exact purchase price, but we gather that Mr. Blue paid approximately $4.5 million for the house in 2014. IndiGO Auto Group was founded in 2010 with the Porsche store. We form partnerships with existing management teams to leverage the collective expertise of all involved. Site Staff January 9, 2019 Current Digital, Social Scene Todd Blue will be honored at the 102nd annual National Automobile Dealers Association (NADA) Show Jan. 25 in San Francisco. Losing a sister and a mother is a span of 24 hours can be the most difficult things to handle in life. In 1992 Todd began his career at Luria Brothers Chicago office as an account executive within its steel-mill-service and trading group. A lot of my business model is based on passion and love for these brands, Blue told Automotive Buy Sell Report. "Desert European is a collection of Porsche, Audi, Jaguar . Bridges son is a former child actor who has appeared in the film 'Daddy Day Camp'. All Rights Reserved. Following her exit from the show, the singer signed with . PC Moment: Ten philanthropic (not tomention easy on the eyes) couples dressed in au courant Neiman Marcus fashions and strode the runway to the applause of the150 guests. I had no experience selling new cars, said Blue. It acknowledges that our company mission is alive and well. Dealers are nominated by the executives of state and metro dealer associations around the country. A circular motorcourt has parking for 10 vehicles, in addition to the four-car garage. Nominees will also be recognized on AllyDealerHeroes.com, which highlights the philanthropic contributions and achievements of Time Dealer of the Year nominees. 1. Over in Texas, the Blue familys main residence is a 10,859-square-foot mansion with 6 beds and 6.5 baths in the swanky River Oaks neighborhood of Houston. Education Todd Blue studied at George Washington University. Todd purchased his Porsche 935 (serial #50) - a real absolute unadulterated race car -- in time for his 50th birthday. Wishful thinking? Houston's Helfman Auto Group recently finished a new Maserati dealership on the Katy Freeway and is preparing for a total renovation of its Sugar Land Fiat location to incorporate the Maserati brand. Find contact and company information for business people in our free business information database. Todd Blue, Indigo Auto Group founder and CEO, at the new Lamborghini Houston dealership on I-45 North Friday Oct. 12,2018. I look at where we are today after eight short years and it is an incredible blessing to see what we have accomplished. Blues success is matched by a strong commitment to giving back to his community. But heres the $15 million (or $20 million or whatever) question: to where will Mr. Goldmans exotic rides zoom off? Originally built in 1992, the house was extensively renovated by Mr. Talla. 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. All of this was incorporated to keep his cars in pristine condition. But things are in good balance with the product mix. We thought so too. PAPERCITY 2023 urban publishers, inc. all rights reserved terms & condition // privacy policy // sitemap, What: Dec My Room Spring Into Fashionfundraiser. That enthusiasm in part earned indiGO a designation as a rare Porsche flagship, a store with extra-close factory ties, access to premium limited lines like the Porsche Manufaktur division and extra options for customization. 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. Indigo, a plant that produces a blue dye, was an important part of South Carolina's eighteenth-century economy. The outsized spread was originally listed way back in November 2016 with a truly ridiculous $27.75 million ask. Net Worth: $76 B. (Podcast), Former CEO/Founder, indiGO Auto Group Texas LLC. Cobalt developed many condos and office buildings around Mr. Blues hometown. The most valuable commodity for these kinds of customers is their time. indiGO Auto Group's Team Members, 2019 Todd Blue 2019: indiGO Auto Group's Team Members Porsche North Houston's Porsche Classic Partner Todd Blue Porsche North Houston's Porsche Classic Partner Grand Re-Opening Lamborghini Houston and RRMC North Houston Todd Blue The Grand Re-Opening of Lamborghini Houston & Rolls-Royce Motor Cars North Houston Since inception, the company has invested in and had success with several business ventures worldwide. He was looking for a high-line dealership in a big-city market, he wrote. 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 . His interest in cars led him to purchase his first dealership Porsche of North Houston in 2010. He has lived in Argentina, Kazakhstan and Colombia and speaks fluent Spanish. By: Momentum Marketing April 2, 2010 - PRLog -- IndiGO Classic Cars Acquires Porsche of North Houston Todd sold indiGO to Pon and retired from indiGO in 2020. The truth is, as much as car dealers say the manufacturer/dealer relationship is adversarial, manufacturers are angels compared to steel mills and rail roads.. 4. Black= 49%. Todd has been an active member of the Young Presidents Organization (and YPO Gold) since 2003. The business developed into a thriving regional operation before ownership took the company global by focusing its operations on providing full-service metals recycling and supplies to railroads. Our Mr. Goldman had to construct two separate multi-million-dollar mansions one as a home for himself and his wife, the other as a harem (if you will) to house his 14 automotive lovelies. 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. The couple also maintain multi-million-dollar residences in Houston and in Palm Desert, California, though neither are nearly as extravagant as the Malibu pad. 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. 4. Baby boomers (ages 56 to 74 . Mr. and Mrs. Blue are now in their 40s and have four young children two boys and two girls. Todd and his wife Karen lead The Karen and Todd Blue Family Foundation. 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At the dealership, cars go for between $200,000 and $600,000. This directory covers Todd Blue Overnight on Wall Street is morning in Europe. There are reds, blues, yellows, and even a daring shade of burgundy on that McLaren P1. Indigo White is worth anywhere from $328,000 to $822,000. The first step is to calculate the net worth of the individual at the start and end of the period. There are meetings scheduled, in a healthy staggered way, between now and the arrival of that vehicle to get dealers ready. Or perhaps they are planning to acquire some LA car dealerships. Since his group encompasses 10 brands, that covers a lot of territory. The private-jet-chartering company named after the airline in the 1987 film "Wall Street" is quietly going out of business after 16 years. Save all of your favorite content in one curated collection. 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