Forbes names trucking industry’s richest couple – Fleet Owner

By Team Writer / November 25, 2019

The richest couple in the trucking industry don’t own a single truck of their own. Instead, Tom and Judy Love, the owners of Love’s Travel Stops And Country Stores, have become billionaires by providing truckers with food and gas. It’s been enough to land them on the most recent Forbes list of billionaires. Forbes also ranks them as the 73rd of its 400 richest Americans. The Loves got their start in Oklahoma with only a single location, which has now grown to an empire of over 400 locations that hauls in $16 billion in annual sales.

Key Takeaways:

  • It is often heard that it is a good time to be in the trucking industry but the companies that most profit are those that fuel and feed truckers.
  • Tom Loves and his wife who are in the trucking industry ranked 209 in Forbes list of the world’s billionaires making them the richest couple in the industry.
  • The Loves empire started with just one gas station in Oklahoma in 1964 but now they have expanded to 430 locations in 41 states.

“With holdings estimated at over $7 billion, the founders of Love’s Travel Stops & Country Stores lead the trucking industry in personal wealth. The Loves rank No. 73 on the Forbes list of the 400 richest Americans.”

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