Richard Yuengling, Jr. Net Worth Wiki, Height, Biography, Wife, Children And Early Life
Richard Yuengling, Jr. Net Worth
Richard Yuengling, Jr. Net Worth: Richard Yuengling, Jr. is an American brewery owner with a net worth of $1.67 billion. Richard Yuengling, Jr. holds a place among America’s billionaires as the fifth-generation owner of America’s oldest brewery, DG Yuengling & Son. Founded in 1829 as Eagle Brewery, the company has grown into one of the country’s largest breweries by volume.
Despite its rise on the one hand, fierce competition and frequent acquisitions in the beer industry on the other, the Pottsville-based company has stubbornly remained private. Today, it has annual sales of more than $400 million and sells more than 2.5 million barrels of beer annually. Being the sole owner of the Yunling Brewery means wearing jeans and driving old cars, not selling and showing off your wealth. To date, he has seen his company spread across 14 states and plans to keep it that way. Richard Yuengling, Jr., who said he couldn’t even get along with his own father at the time, rejected offers from all the major players in the industry and vowed never to sell the business. In 1985, when his income was only $6 million, he bought his father.