Founder of Commonwealth Brands, maker of USA Gold and Malibu cigarettes
Farmer's son founded commonwealth Brands 1990, made fortune with discount cigarettes. Spent little on advertising; outperformed big brands by keeping prices low. Sold for $1 billion in 2001, netted an estimated $750 million. Reinvested in real estate: owns 1.7 million acres in New Mexico, Florida, Texas. Wildlife conservationist sold stake in Kentucky Downs this year.
Updated about 2 years ago
Basic Info
| Types | Person, Business Person |