Richard Yuengling Jr & family
$1.0B
Born
Mar 10, 1943
Age
82
Source of Wealth
Beer
Residence
Pottsville, Pennsylvania
Citizenship
United States
Marital Status
Divorced
Children
4
Education
Drop Out, Lycoming College
- 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 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.
- Yuengling's four daughters work at the brewery and are being primed to take over the company.
- Yuengling, America's oldest brewery, first opened its doors in Pottsville, Pennsylvania in 1829 and survived Prohibition by pivoting to ice cream and near beer.
- Yuengling drives a dirty Toyota Camry and heads to work so early every morning he has to pick up the newspaper directly from the distributor.
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