anybody want to weigh in on the below post i made on the breaking bad subreddit. any ideas on this fuckers nw
My thinking is that he was worth $800mm+ at the least, probably even worth over 1 billion.
He was supposed to have netted $96 million from 3 months worth of Walt's cooking at a 99% purity, on gross revenues of $300 million for those 3 months (run rate of $3 million a day). Before Gus started working with Walt, Gale was the primary manufacturer and could manage a 96% pure product. Let's say Gale's product used to sell for 75% the price of Walt's. That's still roughly a $900mm gross for the previous year, and a net of about $295mm for Fring. Assuming he worked with Gale for only 5-7 years before meeting Walt, he had easily made over 1 billion lifetime from his meth operation.
Now let's also consider Los Pollos Hermanos, Fring's fast food chain that had been active for 20-25 years. LPH has 14 locations in the southwest. Make a quite conservative assumption that each restaurant does about 800k a year in revenue. 800k x 14 = 11.2mm/year in revenue. Let's apply a 2x multiple to yearly gross and say the LPH business is worth $20-$25mm. Madrigal has a controlling stake in LPH, but Fring as a co-founder of the chain should still have about 20-30% equity. 0.3 x 25mm = $7.5mm worth of Madrigal shares. Not bad for a restaurant chain that doubles as a meth distribution network.
Fring worth anywhere from $1-2 billion usd. For some perspective, that would mean if Fring existed in real life, he would probably have a drug empire as big as Joaquin Guzman, leader of the Sinaloa cartel and the most-wanted criminal in the world.
Compare this to Walter White who has a cash pile of $100mm (at the most) in the storage unit at the end of S5. Walt has made jack shit in comparison.
I would love to see a movie or show on Fring's backstory, how he built his meth empire and restaurant chain in tandem from the 1980s onward.