Bobby Lowder Net Worth 2022
Bobby Lowder is an investor with a net worth of 5 million dollars in 2022. Lowder is a businessman and a trustee on the Auburn football board.
Lowder belongs to an influential family. His dad went from being a southern Alabama country boy to building a family dynasty in real estate.
Ed Lowder inspired his three children, Bobby, Tommy, and Jimmy, to invest at a young age.
The former bank executive served as the CEO of Colonial Bank and Colonial BancGroup, holding the position for 25 years. He was also a former long-serving trustee of Auburn and contributed a lot to help Auburn move in the right direction.
Likewise, Tommy ran a real estate investment trust named Colonial Properties Trust, which had a $700 million market value on New York Stock Exchange. However, Jilly became a banker and ran a private builder Colonial Co.
Bobby Lowder Net Worth 2022
Bobby Lowder has a fortune of 5 million dollars in 2022. Lowder previously had earnings equivalent to 125 million before the failure of Colonial Bank.
Lowder, who served as the CEO of the failed Colonial Bank and Colonial BancGroup, had over $100 million in his pocket in 2005. He had total compensation of $2.77 million in 2006, and his five-year balance of $11.23 million made him one of the fifty most highly compensated banking executives in the United States.
However, following his retirement in 2009, the bank he managed for over two decades got seized. The former banking executive lost his position at Colonial Bank, and when the bank stock dropped, he also lost most of his fortune.
Bobby Lowder Lost 164 Million Dollars In The Early 2000s
Bobby Lowder was Colonial’s largest shareholder owning 8 million shares but lost $164 million to the stock’s plunge.
The former banking executive purchased $230 million from Southern Banking Corp. when he first entered the market, and Colonial had $4.9 billion in assets then. However, after losing his position at Colonial Bank, his worth fell from almost $27 a share to 29 cents.
Likewise, Colonial Bank, which had $25 billion in assets in 2009, suffered billions of dollars in damages, and 346 of its branches got seized by regulators. It was the sixth-largest bank ever to fail in the US and the largest bank failure in 2009.
Thus, Lowder’s contribution to growing one Birmingham bank branch into a powerhouse regional bank ended in 2009. Even so, he has given millions to the university and donated a massive amount of time toward moving Auburn in the right direction.
Bobby Lowder House And Lifestyle
Per a source, Bobby Lowder’s house is in Montgomery, Alabama (AL), US, and he has a big home with a pool.
He went to settle in Auburn from Montgomery, and his wife accepted a $10.6 million offer on the home, marketed as encompassing 10,372 square feet.
Lowder is a businessman and investor who previously enjoyed 25 years of working as a banking executive, so he always wears clean clothes. The businessman prefers conservative grey suits and expensive ones.
Moreover, Bobby always surrounded himself with attractive and well-groomed women who were high-ranking ever since his youth, and he could tell if someone was wearing a cheap outfit at a glance.
