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Dick Yuengling Jr. makes Forbes' billionaires list
Allentown Morning Call ^ | 3-6-13 | n/a

Posted on 03/06/2013 9:39:20 AM PST by FlJoePa

When Dick Yuengling Jr. began working for his family's brewery in 1958, some of the older workers there advised him to find a different job because they did not think the brewery was going to be in business very much longer.

It's a good thing he didn't listen to them.

Yuengling, who owns D.G. Yuengling and Son brewery in Pottsville, Schuylkill County, made this year's list of billionaires compiled by Forbes Magazine and published Monday.

According to Forbes, Yuengling's net worth is $1.3 billion, ranking him #1107 on the annual list of billionaires. He comes in at #359 in the United States.

Yuengling, 69, is the fifth-generation owner of the company, having bought it from his father in 1985.

“The company stubbornly remains private, despite steep competition and frequent acquisitions in the beer industry,” according to an article on Forbes.com. “Sole-owner Yuengling has turned down offers from all the major players and vows never to sell. In a 1996 Forbes story, he scoffed at the idea of adding a partner, noting: ‘I couldn't even get along with my own father.’”

When Yuengling bought out his dad in 1985, revenues were only $6 million and the company counted barrels sold by the thousands, according to Forbes. Today, the company brews more than 2.5 million barrels of beer a year and pulls in hundreds of millions of dollars in revenues.

The company's Pottsville brewery holds the title of America's oldest brewery, and with Budweiser, Miller and Coors all being owned by foreign companies, Yuengling is also the largest American-owned brewer.

“Yuengling favors measured growth - the company is only in 14 states so far - over incurring debt, and he would rather wear jeans and drive an old car than sell out and flaunt his wealth,” the Forbes article says.

(Excerpt) Read more at articles.mcall.com ...


TOPICS: Business/Economy; Miscellaneous
KEYWORDS: beer; pa
Dick Yuengling is a true American. Hard working, chain-smoking, non-stop talking man amongst men. He makes a great beer as well.
1 posted on 03/06/2013 9:39:29 AM PST by FlJoePa
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To: FlJoePa

No doubt Obama staffers are circulating this story throughout the White House as we speak as an attachment to a memo on the need to raise estate taxes, and the Prez’s own handwritten notation on the story reads: “You didn’t build that”!


2 posted on 03/06/2013 9:43:37 AM PST by AtlasStalled
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To: FlJoePa

One good thing about living where I do.....Yuengling is available.


3 posted on 03/06/2013 9:46:43 AM PST by Keeper of the Turf (Fore!!!)
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To: FlJoePa

Good for Mr. Yuengling, but I disagree, his product sucks. Check out Victory Brewing Company for a real good PA product. I recommend the Gloden Monkey!


4 posted on 03/06/2013 9:51:28 AM PST by wolfman23601
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To: AtlasStalled
Yuengling is also non-union. Another reason to love, LOVE, LLLOOOVVVEEE them!


5 posted on 03/06/2013 9:51:56 AM PST by FlJoePa ("Success without honor is an unseasoned dish; it will satisfy your hunger, but it won't taste good")
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To: FlJoePa
<

For those who want to make him even richer.

6 posted on 03/06/2013 9:56:25 AM PST by Robert DeLong (u)
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To: FlJoePa

I love the stuff. I wish I could get it up here in Arseachusetts. I’ll be bringing a case or two home when I venture down there this weekend.


7 posted on 03/06/2013 9:57:07 AM PST by TheRhinelander
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Wish I could get it out West...

8 posted on 03/06/2013 9:58:13 AM PST by Rio (Tempis Fugit.)
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To: FlJoePa
It was the defacto unit beer for our PANG unit (E Co 28th AVN BN) back in the late 70s. We were out of FIG, and the brewery was about an half hour away. It was cheaper than Schmidts, and it was not bad after you had a few.
9 posted on 03/06/2013 10:02:52 AM PST by Bruce Kurtz
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To: FlJoePa

http://www.youtube.com/watch?v=pgFHiVzAtK0


10 posted on 03/06/2013 10:04:10 AM PST by isthisnickcool (Sharia? No thanks!)
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To: FlJoePa

Yuengling is one of my favorites. I highly recommend a road trip to Pottsville and making the tour. On top of that, it’s a nice rustic little all American town. They rolled out an Octoberfest beer last year, but I couldn’t find it anywhere. Someone told me it was in a supermarket nearby. When I went to get it, they were all out. Can’t wait to try it.

Love the Lager and Lord Chesterfields the best!! They also make the only light beer I have ever tasted that is worth drinking (i.e. it doesn’t taste like water).


11 posted on 03/06/2013 10:05:30 AM PST by Old Teufel Hunden
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To: isthisnickcool

Great video. Any beer lover should watch this.


12 posted on 03/06/2013 10:06:45 AM PST by FlJoePa ("Success without honor is an unseasoned dish; it will satisfy your hunger, but it won't taste good")
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To: FlJoePa
He makes a great beer as well.

Yep. My neighbor gave a barbecue and was quite generous with bottles of Yuengling. I'd never tried the stuff before. Now I drink it regularly. It's really good beer.

13 posted on 03/06/2013 10:08:42 AM PST by Drew68
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To: FlJoePa

I know I’ve done my part. You’re welcome.


14 posted on 03/06/2013 10:10:45 AM PST by P.O.E. (Pray for America)
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To: FlJoePa; fatima; Fresh Wind; st.eqed; xsmommy; House Atreides; Nowhere Man; South Hawthorne; ...
PA Ping!

If you see posts of interest to Pennsylvanians, please ping me.

Thanks!

15 posted on 03/06/2013 10:12:58 AM PST by P.O.E. (Pray for America)
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To: FlJoePa

Wouldn’t have guess he’s the largest remaining US-owned brewer. Cheers!


16 posted on 03/06/2013 10:15:01 AM PST by bigbob
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To: P.O.E.

Yeah....I’m expecting a thank you card any day now for my contribution over the years.


17 posted on 03/06/2013 10:18:49 AM PST by FlJoePa ("Success without honor is an unseasoned dish; it will satisfy your hunger, but it won't taste good")
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To: FlJoePa

Yuengling Lager is one of my favorite beers and it’s reasonably priced in the Rochester, NY area, $16.99 for a case (bottles) or $9.99 a 12 pack. It’s hard to beat that!

Good for Dick Yuengling, he and his company earned it!


18 posted on 03/06/2013 10:19:22 AM PST by rochester_veteran ( http://RochesterConservative.com/forums)
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To: FlJoePa

I don’t drink much but I did try Yuengling when I was in Gaithersburg MD at NIST. I thought it was pretty good and kind of reminded me of Shiner in Texas.


19 posted on 03/06/2013 10:19:51 AM PST by T-Bird45 (It feels like the seventies, and it shouldn't.)
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To: FlJoePa

Yuengling Black & Tan is the best bottled beer for the money in America. Yes, there are microbrews that will beat it, if you want to pay northwards of $10 for a six.


20 posted on 03/06/2013 10:37:11 AM PST by Notary Sojac (Ut veniant omnes)
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To: FlJoePa

Ah, yes. Can’t wait for golf weather.

I have a cigar on 2 and 11 and a Yuengling on 6,9,12 and 17.
One of these years I’ll break 90. ;)

Congrats Mr. Y and keep’em coming!


21 posted on 03/06/2013 10:37:24 AM PST by SnuffaBolshevik (In a tornado, even turkeys can fly.)
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To: FlJoePa

First time I saw the name I thought it was Chinese. Guess the German ‘Jüngling’ (male youth) got corrupted on Ellis Island.


22 posted on 03/06/2013 11:09:13 AM PST by Moltke ("I am Dr. Sonderborg," he said, "and I don't want any nonsense.")
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To: wolfman23601
Good for Mr. Yuengling, but I disagree, his product sucks. Check out Victory Brewing Company for a real good PA product. I recommend the Gloden Monkey!

Whether you like or dislike the taste of the beer is the choice of each but it doesn't suck.

Is that Golden Monkey piss or Gloden Monkey or do you just suck? You nasty plick.

23 posted on 03/06/2013 11:52:24 AM PST by USS Alaska (Nuke the terrorist savages, start today.)
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To: isthisnickcool

Great story. Thanks for the link.


24 posted on 03/06/2013 12:42:22 PM PST by houeto (https://secure.freerepublic.com/donate/)
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To: FlJoePa

My husband grew up a couple blocks away from the brewery and worked there while in college.


25 posted on 03/06/2013 5:34:26 PM PST by trimom
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To: FlJoePa

My husband grew up a couple blocks away from the brewery and worked there while in college.


26 posted on 03/06/2013 5:40:38 PM PST by trimom
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To: FlJoePa

He kept the product good. He kept the unions out that killed Rolling Rock and other good Pennsylvania beers. He worked hard.


27 posted on 03/06/2013 5:46:18 PM PST by bmwcyle (People who do not study history are destine to believe really ignorant statements.)
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