Rank #3258
Joe Agresti
Net worth $1.1B
Auto dealerships, investments · United States
- Born
- May 01, 1972
- Age
- 54
- Source
- Auto dealerships, investments
- Residence
- The Woodlands, Texas
- Citizenship
- United States
- Marital status
- Married
- Children
- 0
- Education
Net worth over time
Biography
- Joe Agresti sells 20,000 Mercedes-Benzes a year through Dream Motor Group, the dealership chain he owns alongside legendary football coach Nick Saban.
- Agresti grew up in working-class New Jersey, studied accounting at Rutgers on a partial wrestling scholarship, then did stints at Big Six firm Arthur Andersen and auto dealer giant Asbury Automotive.
- At age 31, he used his $200,000 life savings, a mortgage against his parents' house and a $500,000 loan to invest in his first car dealership, Mercedes-Benz of Baton Rouge.
- He met Saban through Mercedes in 2013. They now runs nine Merecedes, Infiniti and Ferrari dealership locations in Alabama, Florida, Louisiana, Tennessee and Texas.
- He splits his time traveling between homes he keeps near all his dealerships.
- Agresti oversees the day-to-day operations and owns majority stakes in the dealerships, though Saban is a full minority partner. The two speak upwards of three times a day.
- Agresti has worked with Senator Bernie Moreno to help shape automotive policy and says he might one day run for federal office himself.
- Agresti, Saban and their third partner, former Mercedes-Benz USA CEO Steve Cannon, own a fledgling Kentucky distillery, Slow Pass Bourbon.