Rank #756
Archie Aldis Emmerson & family
Net worth $5.6B
Timberland, lumber mills · United States
- Born
- Apr 10, 1929
- Age
- 97
- Source
- Timberland, lumber mills
- Residence
- Redding, California
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
- Diploma, High School
Net worth over time
Biography
- The country's third largest landowner, Archie Aldis "Red" Emmerson and his family own some 2.5 million acres across the nation.
- His Sierra Pacific Industries is the largest private lumber production firm in the nation, with 14 sawmills across California, Oregon and Washington.
- Emmerson and his father Curly started SPI in 1949. It went public in 1969 but four years later they bought out their partner and took it private.
- Today, Red's sons George and Mark run the firm as president and chairman, respectively, though Red is still at the office nearly every day.
- Emmerson was kicked out of boarding school in 1946 for convincing a friend to pin a condom on the bulletin board, which he did.
- SPI has given scholarships to the children of its employees for nearly four decades.