Odd Lots · Friday, September 18, 2026
The book 'The Everywhere Millionaire' highlights car dealerships as the leading industry generating significant pass-through business income, contradicting the common perception of them as small businesses. One example cited is a third-generation Florida car dealer family that spent $60 million on their daughter's wedding.
“And they're car dealers, third-generation car dealers from Florida, the Mercedes dealer. And they had just sold the dealership. Uh, for several hundred million dollars to actually a consortium that Nick Saban was a co-owner of, um, but they dropped $ 60 million on this wedding.”
“The auto dealers were the number one bucket, which we were like, okay, this is not the. Bickety story of like billionaire tech or finance. This is something different.”
“What are these car dealers doing as an example industry? And then we found them even more when we started looking in like yacht and jet registration data.”