Art Favre Net Worth 2025: From LSU Graduate To CEO
Explore Art Favre Net Worth in 2025 and learn how his LSU background and decades in industrial construction built a billion-dollar enterprise.
Aug 06, 2025110 Shares110.4K Views
Art Favre grew up in southern Mississippi. He is a native of Gulfport, Mississippi. Favre spent his early childhood on his family’s farm near Gulfport, where they “lived off the land,” raising livestock and growing vegetables. He later recalled that the farm raised cattle, chickens and pigs (providing fresh eggs and pork) and that he had many farm chores from a young age.
He even worked at his uncle’s local store as a child, stocking shelves in summers. His father taught him basic carpentry (for example, how to drive nails), and around age 13 the family moved from the farm into the city of Gulfport, Mississippi. There, Favre helped build the family’s new house and befriended a neighbor whose father was a homebuilder; on weekends he would ride along and learn the building trade.
As a teenager Favre had varied interests. He played in a rock-and-roll band on weekends to save money for college, and the summer before college he worked in a structural steel fabrication shop to gain construction experience. He enrolled at Louisiana State University (LSU) in Baton Rouge, where he studied construction. At LSU he initially pursued architecture (having enjoyed drafting), but he soon realized he preferred hands-on building and switched his focus to construction. Favre earned a Bachelor of Science degree in Construction from LSU in 1972.
| Net Worth (2025) | $100–200 Million (unverified estimate) |
| Profession | Industrial Construction Executive, Chairman of Performance Contractors |
| Founded | 1979 |
| Position (2025) | Chairman & Owner |
| Education | B.S. in Construction, Louisiana State University (1972) |
| Company Revenue (Recent) | $3 Billion in 2024 |
| Headquarters / residence area | Baton Rouge, Louisiana |
| Years Active | 1970s–Present |
Art Favre: Industrial Construction Executive
Art Favre earned a bachelor’s degree in construction management from Louisiana State University and began his career in industrial construction. Early on he worked as an estimator for a company building refineries and chemical plants. In 1979 he teamed with partner Ron White to launch Performance Contractors in Baton Rouge as a small merit-shop general industrial contractor.
The company started with just three employees and a series of small lump-sum projects, and under Favre’s leadership it grew rapidly into a regional builder of major refineries, petrochemical plants and other heavy industrial facilities. By the mid-1990s Favre was leading Performance through landmark projects for example, a 300-million ethylene-propylene-diene terpolymer EPDM plant for Dow which he later described as a big steppingstone that put the firm on the map.
Career Growth & Key Roles
Over the following decades Favre served as the driving executive of Performance Contractors. He held the titles of founder, President and CEO of the company, guiding its expansion into new markets and project types. By 2013 Performance Contractors was reporting annual revenues around 574 million, making it one of the largest private construction firms in Louisiana.
Under Favre’s direction the firm opened branch offices beyond Louisiana including sites in Texas, Alabama, Indiana, North Carolina and Mississippi and its work spanned sectors from refining and petrochemicals to power generation, automotive and steel. In this period Favre earned a reputation for cultivating a strong company culture and skilled workforce; he later pointed out that over 120 of the company’s key staff held LSU engineering degrees, reflecting his investment in local talent.
In 2021 Art Favre transitioned to a strategic leadership role. That year he was promoted to Chairman of the Board of Performance Contractors, appointing longtime colleague Kevin Courville as President and CEO. Company announcements and media profiles continue to list Favre as the owner and chairman, emphasizing his ongoing role in guiding the firm’s vision. Today Performance Contractors is a privately held industrial construction contractor licensed in dozens of states, with thousands of employees and a multi-billion-dollar portfolio of active projects. One industry report notes the company was handling around 80 projects for 60 customers in 15 states as of early 2023.
Major Achievements
• ABC Contractor of the Year 2023 Under Favre’s leadership Performance Contractors was honored as the Associated Builders and Contractors ABC National Excellence in Construction Contractor of the Year for 2023. Favre called the award a very humbling experience and a point of pride for the entire team.
• Louisiana Legends Award 2022 In 2022 Favre himself received the Louisiana Legends Award, presented by Friends of Louisiana Public Broadcasting. The award citation highlighted both his professional impact and his philanthropic support for healthcare, research and education in the state.
• Industry and Civic Honors Over his career Favre has earned numerous honors from industry and education organizations. He is a two-time recipient of the ABC Pelican Chapter’s Merit Shop Man of the Year award, has been inducted into the LSU Construction Management and Engineering Halls of Distinction, and was named LSU Alumnus of the Year in 2018. In 2019 he won the Louisiana Association of Business & Industry LABI Ed Steimel Achievement Award and was named Outstanding Philanthropist of the Year. He also sits on key industry and advisory boards, such as the ABC Industrial Contractors Council and the LSU College of Engineering Dean’s Advisory Council.
• Company Growth Under Favre’s tenure Performance Contractors achieved several milestones of scale. The firm grew from a few small jobs into a major merit-shop contractor serving global clients like Dow, BASF, ExxonMobil and Chevron. In recent years the company set new records reporting about 2.0 billion in revenue in 2023 and 3.0 billion in 2024 and was named the ENR Texas and Louisiana Contractor of the Year for 2025.
Recent Developments
As of 2025 Art Favre continues as Chairman and owner of Performance Contractors, guiding corporate strategy even as Kevin Courville runs day-to-day operations. The company’s recent performance underscores the achievements of Favre’s long tenure with a 3-billion backlog and a robust portfolio of new LNG, petrochemical and manufacturing projects, Performance is one of the region’s top heavy-industrial contractors.
Meanwhile, Favre remains active in philanthropic and workforce development initiatives related to construction. For example, he has contributed to fundraising for LSU’s engineering and construction programs, and he helped institute a veterans’ employment program within his company. His roles on educational boards and industry councils continue to leverage his decades of experience, reinforcing his reputation as a leading figure in the American construction industry.
Art Favre Net Worth
As of 2025, there is no verified figure from major financial outlets for Art Favre’s net worth. Reports from online outlets estimate his net worth to be between $100 million and $200 million, though these figures are not confirmed by reputable publications. According to his company profile, Favre founded and serves as president of Performance Contractors, Inc., a large industrial construction, maintenance and fabrication firm that serves refineries, petrochemicals and other heavy-industry clients.
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