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Dave Ramsey Says He Owns Only 1% Of His Company, Ramsey Solutions. 'The Company Itself Has Been Operated For God'
Yahoo Finance· 2026-02-08 17:01
Company Ownership and Structure - Dave Ramsey owns only 1% of Ramsey Solutions, with 99% of the stock transferred to his children a decade ago, now held in a Children's Trust [1] - The ownership structure is designed to align with the company's founding values, emphasizing operation "for God" and ensuring the next generation continues this mission [1][2] - Sharon Ramsey does not have ownership in Ramsey Solutions but possesses significant wealth in other assets [2] Company Operations and Financials - Ramsey Solutions is headquartered in Franklin, Tennessee, employs over 1,000 people, and generates a diverse range of content, including shows, financial wellness platforms, books, and online courses [2] - The company reported approximately $300 million in revenue last year [2] Business Advisory Insights - During a podcast, Ramsey provided advice to a small business owner on how to buy out his parents' share of a family business without incurring debt [3] - Ramsey challenged the business valuation provided by the owner's mother, stating it was overvalued by about $1 million based on net profit [4] - He suggested using the company's profits to facilitate the buyout, recommending a salary of $100,000 per year, setting aside 10% of profits for business operations, and paying the remainder to the parents monthly until the buyout is complete [4]