Richard Yuengling, Jr.’s profile picture

Richard Yuengling, Jr.

Richard Yuengling, Jr.’s profile picture
Net worth 2018: $1.47 Billion
Residence: Pottsville, Pennsylvania
Country: United States
BirthDay: 10 March 1943
Sigh: Aries
Children: 4
Education: Drop Out, Lycoming College
BIOGRAPHY

Richard Yuengling, Jr. was bornon 10 March 1943 in Pottsville, Pennsylvania, United States. Richard Yuengling, Jr. is #1639 in List Billionaires People In The World. Dick Yuengling, fifth-generation owner of D.G. Yuengling & Son, turned his family's struggling brewery into one of America's largest beer makers. When he bought out his father in 1985, the company was producing 137,000 barrels per year; now it pumps out some 2.8 million barrels annually. After dropping out of Lycoming College, Yuengling joined the business but soon walked out following an argument with his father about modernization. He spent 11 years running a beer distributorship peddling Yuengling and its competitors to local bars and stores before buying his father out in 1985. He quickly upgraded his packaging, equipment and distributor network, then struck gold with Yuengling Lager, today responsible for about 85% of sales.

NET WORTH STATISTIC
2013

$1.4 Billion

2014

$1.4 Billion

2015

$1.7 Billion

2016

$1.9 Billion

2017

$1.8 Billion

2018

$1.47 Billion

I operate on instincts. I don't really think things out.

Richard Yuengling, Jr.
TIMELINE
Richard L. Yuengling Jr. (born 1943) is an American billionaire businessman, the president and sole owner of the Pottsville, Pennsylvania brewer, Yuengling. He is the fifth generation of the family to run Yuengling, and owns 100% of the company, having bought out his father in 1985.He started work at Yuengling in 1958, while still in high school.In 1973, he left because he couldn't get his father to invest and expand. He bought a wholesale beer distributor business, working with Pabst Blue Ribbon brand and Rolling Rock, and stayed there for 11 years.He is the fifth generation of the family to run Yuengling, and owns 100% of the company, having bought out his father in 1985. In the 2016 edition of the Forbes 400, Dick Yuengling was ranked 361 with a net worth of $1.9 billion.He is divorced, with four daughters, and lives in Pottsville, Pennsylvania. All four of his daughters work for Yuengling.Yuengling supported the Republicans in the 2016 Presidential Election.
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