Sam Susser Net Worth

Susser Holdings Corporation, formerly known as Affiliated Federal Credit Union, was established by Sam Susser in 1959. The bank was originally a federal savings and loan and was then converted to a stock ownership structure in 2001. The bank focused on commercial and construction lending. The Susser family also owns the Stripes convenience stores and Susser Petroleum Partners LP, which distributes 1.6 million motor oil each year.

In addition to being chairman of the Susser Bank, Mr. Susser also serves as a member of the Advisory Research Partners Fund and the Corpus Christi Athletic Club. He also serves on the Chancellor’s Council and YPO Gold. His many awards include admission to the Texas Business Hall of Fame in 2009, and he was named the Border Texan of the Year in 2013. He is also a director of the Southwestern Medical Foundation.

In addition to serving as the president of Sunoco LP, Susser has a net worth of $15 million as of June 4, 2022. The estimated net worth of Sam Susser is based on his investments in his company, Susser Holdings II, L.P. He also owns 351,220 shares of Sunoco LP. He has a solid background in finance and has served on the Boards of many companies.

In 1938, Sam Susser founded Susser Oil Company. After acquiring two service stations, he began selling fuel to local companies. The company grew to become the largest non-refiner fuel distributor in Texas. His sons, Jerry and Sam J. Susser, joined the company in the 1960s. Eventually, the company expanded into the wholesale fuel and convenience retail business. In addition to the Circle K franchise, Susser also licensed dozens of convenience stores under the 7-Eleven and Circle K banners.

Susser Holdings Corp., a subsidiary of Susser, acquired Stripes convenience stores. These stores were acquired by 7-Eleven in April 2014 and the company has a net worth of $4 billion. In addition to the Stripes chain, Susser has a portfolio of convenience stores, including branded and consignment stores. The company expects to open twenty to thirty Stripes stores in 2014, while it continues to acquire more land for future store development.

The Susser-ETP deal is worth $1.8 billion. The company is aiming to create an MLP and will look for synergies with its other acquisitions, including Sunoco Inc. and Mid-Atlantic Convenience Stores. In addition to Susser Holdings Corp., Energy Transfer also owns 630 convenience stores. The merger is expected to be completed within six to twelve months.