Robert Rich, Jr.’s profile picture

Robert Rich, Jr.

Robert Rich, Jr.’s profile picture
Net worth 2018: $5.52 Billion
Residence: Islamorada, Florida
Country: United States
BirthDay: 25 January 1941
Sigh: Aquarius
Children: 4
Education: Bachelor of Arts / Science, Williams College; Master of Business Administration, Simon School of Business
BIOGRAPHY

Robert Rich, Jr. was bornon 25 January 1941 in Islamorada, Florida, United States. Robert Rich, Jr. is #376 in List Billionaires People In The World. Frozen food mogul Robert Rich, Jr. leads Rich Products, founded by his father, Robert Rich Sr. (d. 2006) in 1945. The company made its mark with the first nondairy whipped cream and expanded into non-dairy frozen foods. Products include cakes, icings, pizza dough, meatballs and more. Rich Jr. became the firm's president in 1978 and took over as chairman in 2006. The company has $3.6 billion in annual sales. He owns an estimated 75% of the private company, which is based in Buffalo, New York.

NET WORTH STATISTIC
2009

$1.9 Billion

2010

$2 Billion

2011

$2.1 Billion

2012

$2.4 Billion

2013

$3 Billion

2014

$3 Billion

2015

$3.6 Billion

2016

$3.8 Billion

2017

$4 Billion

2018

$5.52 Billion

TIMELINE
Robert E. Rich Jr. (born January 25, 1941) is an American billionaire, the chairman and majority owner of Rich Products Corporation, the largest family-owned frozen foods manufacturer in the US, based in Buffalo, New York. He has a net worth of $5.65 billion as of August 2017.Robert E. Rich Jr. graduated from Williams College with a bachelor's degree in 1963.In 1964 he joined Rich Products, a company started by his father, as president of a startup subsidiary, Rich Products of Canada. Rich served in the United States National Guard from 1963 to 1969 and was a member of the Army Reserve Officer School Staff. He took time out to earn a Master of Business Administration (with honors) from the University of Rochester in 1969. Returning to the company he created the position of Vice President of Sales and Marketing. In 1978 he was named President of Rich's. In 2006 when his father died in Palm Beach Robert Jr inherited 56% of Rich Products and assumed the title of Chairman.Rich was on the inaugural board of directors of the Buffalo Sabres professional hockey team.In 1983 Rich Products expanded outside food with the purchase of the Buffalo Bisons minor league baseball team. The Bisons are the AAA affiliate of the Toronto Blue Jays. He also owns the Northwest Arkansas Naturals (the AA affiliate of the Kansas City Royals), and the West Virginia Black Bears (the short-season class A affiliate of the Pittsburgh Pirates). He is also on the Trustees Council of the University of Rochester.In fall 2015, Rich's company, B.R. Guest Ltd., was given event organizing rights to a 160-acre stretch of Buffalo, New York's Outer Harbor. The company was also awarded organizing rights to the city's Canalside District in a six-to-eight-year contract beginning in 2017; B.R. Guest takes over from Comcast Spectacor, who managed the district the previous years but had continually lost money.Robert lives in Islamorada, Florida. He is married and has 4 children. His wife, Mindy, is vice chairman of Rich Products and has been with the company for over 24 years. Hollywood is making movie out of his memoir, "Fish Fights." The book documents his quest - to qualify for the Metropolitan South Florida Fishing Tournament Hall of Fame. He is the vice chairman of the board of trustees of the International Game Fish Association and is also a member of the Outdoor Writers Association of America. A member of the board of trustees of the Cleveland Clinic since 2002, Rich was appointed chairman in 2011.
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