Coby Brooks Net Worth 2024

What is Coby Brooks’ net worth?

Coby Brooks is an American businessman and entrepreneur who has a net worth of $20 million. Coby Brooks is greatest often known as the previous president and CEO of the Hooters restaurant chain and the condiment producer Naturally Fresh. He took over the businesses in 2003 from his father, Robert H. Brooks, who bought the previous and based the latter. Brooks ultimately left Hooters after the corporate was offered in 2011. Robert H. Brooks handed away in 2006. Upon Robert’s demise, Coby gained a controlling curiosity and have become chairman of his father’s property. A dispute occurred between Coby and his father’s widow Tami. Tami was granted $1 million a 12 months for 20 years however sued the property. The two settled for an undisclosed quantity in 2009. In February 2010 Coby appeared on an episode of the CBS actuality present Undercover Boss. He offered Hooters and left the corporate in 2011. He is now a franchisee of one other breastaurant chain, Twin Peaks.

Coby Brooks Salary: $1 million

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Early Life and Education

Coby Brooks was born on May 17, 1969 in Atlanta, Georgia. His father was Robert H. Brooks, who based the condiment producer Eastern Foods (later renamed Naturally Fresh) in 1966. Coby Brooks has a youthful half-sister named Boni. For his increased schooling, he went to Clemson University in South Carolina.

Business Career

Upon the retirement of his father in 2003, Brooks took over because the president and CEO of each of his father’s firms, Hooters and Naturally Fresh. The latter produces sauces, marinades, salad dressings, dips, and varied oils, offering them to such eating places as Hooters, which Brooks’s father bought in 1984. Under his management, the model expanded to over 425 shops worldwide over the a long time. He purchased majority management and have become chairman of the corporate in 2002.

After his father handed away in 2006, Brooks gained a controlling curiosity in each Hooters and Naturally Fresh. He left Hooters after promoting the corporate to a personal fairness agency in 2011. The chain later grew to become a franchisee of Twin Peaks. Brooks operates a handful of Twin Peaks eating places by way of his holding and administration firm La Cima Restaurants. Meanwhile, in 2013, Naturally Fresh was bought by TreeHouse Foods.

Estate Legal Dispute

After his father’s passing, Brooks grew to become embroiled in a authorized dispute together with his father’s widow Tami. The dispute needed to do with the distribution of his father’s property, as 30% of the property was left to Coby, 30% to Coby’s underage half-sister Boni, 30% to different family members, and 10% to Clemson University. Although Tami was bequeathed with $1 million per 12 months for 20 years, she didn’t obtain her 30% share of the property that was resulting from her beneath South Carolina’s elective share regulation. Tami and Coby finally settled for an undisclosed quantity, with Coby searching for outdoors traders to foot the invoice.

Undercover Boss

In early 2010, Brooks appeared in an episode of the CBS actuality tv sequence “Undercover Boss.” The episode featured him working within the Naturally Fresh manufacturing facility in Atlanta, the place one of many workers advised him that the corporate had gone downhill because the passing of his father. Because Brooks was “undercover,” the worker merely spoke their thoughts with out figuring out to whom they have been talking.

800 Acre Ranch

In addition to the 30% share he obtained of his late father’s property, Brooks had a house on a looking protect straddling the border of Georgia and Florida. Spanning roughly 790 acres, the primary home is a 2,605-square-foot abode with two bedrooms, two loos, and two bunk rooms. The residence is flanked by a fishing pond and coated deck. In 2022, Brooks listed the property for simply over $4 million.