Sam Susser Net Worth
According to his own estimates, Susser Sam L’s net worth is around $14 Million. As of 07/28/2022, he owns 351,220 shares of Sunoco LP stock. This estimate reflects his transactions over a one-year period, which excludes the exercise of options. It also does not include derivative securities and transactions with insiders, which are restricted to officers and directors.
Susser’s net loss
In his second quarter earnings report, Susser Holdings Corp. reported a net loss of $4.3 million, or 20 cents per share. The company’s second quarter results were impacted by a $3.1 million pre-tax charge related to a proposed merger with Energy Transfer Partners and a $26.2 million debt refinancing charge. Adjusted net income for the quarter came to $14.3 million, or $0.66 per diluted share. Susser’s net loss for the quarter was not too big, but analysts were expecting earnings of $1.30 a share and revenues of $1.3 billion.
Mr. Susser served as the chairman and CEO of Susser Holdings II, L.P., which began as a fuel distribution company in the 1930s. The company eventually grew to a Fortune 500 company, with several businesses including Susser Petroleum Company, Stripes, and Laredo Taco Company, employing more than 12,000 people. In 2014, Susser Holdings sold the Susser Bank, formerly known as Affiliated Bank, N.A., and inducted into the Texas Business Hall of Fame in 2009.
Sam Susser’s family history
Sam L. Susser is the president of Susser Holdings II, L.P. He was born in Corpus Christi, Texas, and graduated from the University of Texas in 1985. He first worked in the financial industry for Salomon Brothers, a New York-based investment bank. In 1988, he returned home to take over the family business, helping to turn it into a thriving wholesale fuel company. His father and grandfather had also established a successful retail business, and Sam L. Susser helped to make that a success. In 2007, BDT Capital appointed him to its board of directors.
Although many people are familiar with Susser Holdings Corp., few know about the founder’s personal history and net worth. But Sam Susser’s family has a colorful history, and he is an inspiration to those who seek it. His father, Sam J. Susser, took his son Sam L. on rides to business meetings and explained the company’s history. His father talked about the company’s origins as a fuel company, and took him along on ridealongs to sales calls. He showed Sam L. the properties and pointed to them.
His business interests
Sam Susser is the president of Susser Holdings II, L.P. He grew up in Corpus Christi, Texas, and graduated from the University of Texas at Austin in 1985. After working for Salomon Brothers in New York, he returned to his hometown during the banking crisis in Texas, and continued his family business there. Upon his return, Mr. Susser served on the Chancellor’s Council of the University of Texas and was named to the YPO Gold executive committee.
In addition to his holdings at Stripes, Susser is the chairman of Susser Bank, Corpus Christi Athletic Club, and Advisory Research Partners Fund. He is also a director of the Southwestern Medical Foundation and the Governor’s University Research Initiative. And while his interests are diverse and numerous, he remains focused on helping the people of Corpus Christi and the surrounding region thrive.
His political career
As the president of Susser Holdings II, L.P., Sam Susser has a net worth of $14 million. His personal investments include 351,220 shares of Sunoco LP stock. He is well-versed in the field of finance and has served on the Board of Directors of several corporations. As a result, he has substantial financial resources.
In June, Susser’s company filed for a savings-and-loan holding company, which has agreed to buy up to 75 percent of BancAffiliated Inc. voting stock. The two companies focus on construction lending and commercial lending. Susser also owns a third-generation family business, Susser Holdings Corporation, which operates six27 Stripes convenience stores. Susser Petroleum Partners LP distributes approximately 1.6 million gallons of motor oil each year.