William Young
$2.6B
Born
Jan 01, 1941
Age
84
Source of Wealth
Plastics
Residence
Ypsilanti, Michigan
Citizenship
United States
Marital Status
Married
Children
4
Education
Bachelor of Science in Engineering, University of Detroit Mercy
- William Young is CEO of plastic container maker Plastipak, which does some $3.7 billion in annual sales.
- Young and his father founded Plastipak in 1967, shortly after he graduated from the University of Detroit Mercy with an engineering degree
- After six years of running the business, the duo sold the majority to Beatrice Foods for an undisclosed amount.
- In 1982, the family bought back Plastipak. Three decades later, they sold a minority stake to a division of Goldman Sachs. They bought out Goldman by 2020.
- Plastipak holds over 500 U.S. patents for package design and manufacturing processes.
- Plastipak manufactures plastic packaging for companies such as Procter & Gamble, Pepsi and Kraft Foods.
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