BillionaireNet
Jr
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Rank #578
UNITED STATESFood & BeverageFrozen foods

Robert Rich Jr

Net Worth
$6.539B
0% (24h)
Robert Rich Jr., born January 25, 1941, is an 84-year-old American businessman, philanthropist, and writer. He is best known as the chairman and majority owner of Rich Products, a global leader in the frozen food industry. His wealth source stems from his leadership in this family-owned business, which he helped grow into a multinational corporation. Rich's career highlights include his tenure as president and later chairman of Rich Products, as well as his significant contributions to philanthropy. His achievements are a testament to his business acumen and commitment to his community.

The Full Dossier

Early Life

Robert E. Rich Jr. was born on January 25, 1941, in Buffalo, New York. He is the son of Robert E. Rich Sr., the founder of Rich Products Corporation. Growing up in Buffalo, Rich Jr. developed a strong interest in sports, excelling in football, hockey, and squash. He attended Nichols School in Buffalo before pursuing higher education.

Rise to Success

Rich Jr. graduated from Williams College with a bachelor's degree in 1963 and earned an MBA from the Simon Business School at the University of Rochester in 1969. In 1964, he began his career at Rich Products as the president of Rich Products of Canada, a startup subsidiary. He rose through the ranks, becoming the Vice President of Sales and Marketing, and eventually, the President of Rich's in 1978. After his father's death in 2006, Robert Jr. was elected chairman of Rich Products.

Key Business Strategies

Under Rich Jr.'s leadership, Rich Products expanded its product offerings and global presence. His focus on innovation and customer satisfaction was key to the company's growth. Rich Jr. also played a crucial role in the development of new markets and strategic partnerships, solidifying Rich Products' position as a leader in the frozen food industry. The company currently has operations in 100 locations worldwide, with annual sales exceeding $3.8 billion.

Philanthropy

Robert Rich Jr. is well-known for his philanthropic efforts. He has been deeply involved with the Cleveland Clinic, where he chaired a campaign that raised over $1.5 billion. He served as Chairman Emeritus of the Board of Directors and Trustees of the Cleveland Clinic. He also co-founded and chaired Western New York United Against Drug and Alcohol Abuse, and the Greater Niagara BassEye Celebrity Challenge, which raised funds for cystic fibrosis research. He is also the author of several books, with proceeds benefiting charitable causes.

Career Timeline

2006

Chairman of Rich Products

Elected Chairman of the Board of Rich Products after his father's passing.

1978

President of Rich's

Became President of Rich Products.

1964

President of Rich Products of Canada

Joined the family business as the president of a start-up subsidiary.

Philanthropic Impact

Healthcare$1.5B

Cleveland Clinic Philanthropic Campaign

Chaired a campaign for the Cleveland Clinic, raising over $1.5 billion.

Wealth Trajectory