In the past year, the value of those shares (Smith's Sonic Automotive dealership chain) has plummeted 87 percent, costing him more than $268 million.
Smith also is chairman and chief executive of Speedway Motorsports, which owns Lowe's Motor Speedway and six other major tracks. His roughly 29 million shares in the Concord-based company have declined in value by more than 64 percent, erasing more than $711 million.
Our addition skills are not that great, but 268+711 seems like a lot of millions.
Side note: SbB has this story linked and used the following picture of Smith.
Or, is that the king of the one-liner, Don Rickles? You decide.
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