After the demise of his father, he gained controlling rights in the companies of his father and was named chairman of his father's estate.
Later, he got involved in a conflict with his father's widow, Tami, on the matter of distribution of the elder Brooks' estate and wealth.
As a result of this conflict, Coby got the possession of 30 percent of his father's estate. The conflict was settled in 2009 for an undisclosed amount.
At present, the net worth of Coby Brooks is somewhere around $20 Million. According to some reports on the internet, it is reported that Coby once got a salary of $1 million.
He appeared on an episode of the CBS reality TV show Undercover Boss featuring Hooters on February 14, 2010. He left Hooters in 2011 after the sale of the company.
It is now a franchisee of Twin Peaks, another "breastaurant" chain. He also made a cameo on another episode of Undercover Boss with Twin Peaks CEO Randy DeWitt.
According to some reports on the internet, it is reported that after Coby's departure from Hooters, he was replaced by Terrance M. Marks.