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Brad Kelley

warehouse dropout turned discount-cigarette billionaire landowner

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  • Acquisitions / M&A1 · 33%

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Billy

Billy of the Week: Brad Kelley, the man with a million acres

Brad Kelley dropped out of college at 19 to buy and lease warehouses, stumbled into a cigarette-rolling machine a tenant left behind, and built Commonwealth Brands into a discount cigarette company. He's a reclusive Kentuckian who became one of America's largest landowners.

Went to college in Kentucky, but at age 19 dropped out because he started buying warehouses. And he started making enough money buying and leasing out warehouses that he goes, all right, I'm going to do this. I don't need school anymore. And eventually he started renting them out to people who were building stuff. So creating little miniature factories, he would fix them up and lease them to people. And eventually he saw that people were using them to store tobacco.
EP 159 · 36:48 · SAM
Read at 36:48
mfmindex.com№ 0159-2208
Number

Brad Kelley sold his cigarette company for $1 billion

After turning a leftover rolling machine into discount-cigarette maker Commonwealth Brands, Brad Kelley sold the company for $1 billion roughly a decade later, then poured the proceeds into land.

$1000M
Acquisition price · USD
And after 10 years, he sold the cigarette company for $1 billion. And I hate smoking. And I don't think it's cool to smoke. And he doesn't either.
EP 159 · 38:50 · SAM
Read at 38:50
mfmindex.com№ 0159-2330