Thursday, November 13, 2008

Bruton Smith: Down and Out in Charlotte

Thatsracin is reporting some troubling news about NASCAR track czar Bruton Smith. He may not be a billionaire anymore! It seems that the current economic climate (by climate we mean bed-shitting, crotch-puke) has hit Smith rather hard. Here is the reported breakdown of his breakdown.

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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