Maggie Magerko’s profile picture

Maggie Magerko

Maggie Magerko’s profile picture
Net worth 2018: $1.3 Billion
Industry: Service
Residence: Belle Vernon, Pennsylvania
Country: United States
BirthDay: 1964
Children: 1
Education: Drop Out, West Virginia University
BIOGRAPHY

Maggie Magerko was bornon 1964 in Belle Vernon, Pennsylvania, United States. Maggie Magerko, owner of building materials giant 84 Lumber, almost went broke in the Great Recession and has mounted a stunning comeback since, bringing her company back from near-bankruptcy and her net worth back from near-zero. The recovery of the housing market has a lot to do with her comeback, but smarter management has been critical as well. Before the recession, Magerko levered up the company and expanded its store base as quickly as possible. When the market collapsed, she had to close half of her 500 stores. Now she is committed to running a leaner operation with fewer stores, located in more strategic locations. Magerko learned the lumber business from her father Joe Hardy, who started 84 Lumber in 1956. Famously frugal most of his career, Hardy eventually splurged on a lavish resort in rural Pennsylvania, complete with a mini zoo, collection of vintage airplanes, slab of the Berlin Wall, and a hotel modeled on the Ritz in Paris.

NET WORTH STATISTIC
2009

$1.05 Billion

2010

$1 Billion

2015

$1.2 Billion

2016

$1.8 Billion

2017

$1.3 Billion

2018

$1.3 Billion

TIMELINE
2017

Magerko helped develop 84 Lumber's 2017 Super Bowl commercial, which stirred controversy before airing for featuring a border wall separating a mother and child from presumed freedom, following their visibly arduous journey to it

1964

Maggie Hardy Magerko (born 1964/65) is an American billionaire businesswoman, and the owner of 84 Lumber and Nemacolin Woodlands Resort, both founded by her father Joseph A

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