Tom and Judy Love Net WorthReal Name: Tom and Judy Love
Date of Birth: 10/1/1937
Place of Birth: Oklahoma City, Oklahoma
2017 Net Worth: $4.1 Billion
Profession: Chairman and CEO of Love’s Travel Stops and Country Stores
Tom and Judy Love Biography
Thomas E. Love was born in October of 1937 in Oklahoma City, Oklahoma. He left home at 13 to attend boarding school at St. Gregory’s High School in Shawnee, Oklahoma, where he was an outstanding football player. He attended St. John’s University in Minnesota but flunked out. He then joined the US Marine Corps for three years. He married Judy in December of 1961 and tried college once more but dropped out of the University of Oklahoma after a short time. Although Love first started by renting gas stations and car washes, he began to believe that he could do better with abandoned locations, renting cheap, then purchasing later if the business proved successful.
Less than three years after their marriage, Love and his wife leased an abandoned self-service gas station in Watonga, Oklahoma with only $5,000 start- up capital. This business was so successful that during the next 8 years, they went on to purchase another 30 gas stations. In 1971, Love had an idea that he should merge his gas stations with convenience stores. This idea was revolutionary and extremely successful. Today, Love’s Travel Stops and Country Stores, often referred to simply as “Love’s”, has more than 300 locations in 39 states with more than $22 billion in annual sales. They have 90 locations in Oklahoma alone. Some locations also have full service restaurants, truck stops, along with gift and novelty shops.
Tom and Judy Love have four children and live in Oklahoma City. Three of their four children work for the family business. Their son Frank is President, Greg is President of development and their daughter Jenny is Vice President of communications. Tom’s wife Judy is Secretary of the Love’s Travel Stops as well as President of Love’s Family Foundation.
Tom and Judy Love have a current net worth of $4.1 billion and their company is still completely family owned and operated.