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Grizzly Bulls’ Billionaires Index

⬅ # 491 Wang Ning|# 493 Elizabeth Uihlein ➡

# 492 Richard Uihlein 

$6.46B

Real Time Net Worth
as of 11/18/2024

# 492 Richard Uihlein 

$6.46B

Real Time Net Worth
as of 11/18/2024
OccupationCofounder and CEO, Uline
Source of WealthPackaging Materials
Age79
ResidenceLake Forest, Illinois
Marital StatusMarried
Children3
EducationBS, Stanford University
Age-Adjusted Net Worth$1.78B
Richard Uihlein
Richard Uihlein
United States
Net worth: $6.46B

Self-Made Score 

Rado DiaStar Original Swiss Automatic Watch 35 mm

Biography

Overview

Richard Uihlein is the CEO of Uline, North America's largest distributor of shipping, packaging, and industrial supplies, with an estimated revenue of $7 billion.
He and his wife Elizabeth founded Uline in 1980, starting from their basement, and now the company has over 8,500 employees.
The Uihleins are known as conservative donors, being one of the top contributors to Republican campaigns in the U.S., with reported donations exceeding $190 million.
Richard Uihlein is also an heir to the Schlitz brewing fortune, with a background in international sales before founding Uline.

Biographical

Richard Uihlein graduated from Stanford University with a BA in history in 1967.
Before founding Uline, he worked in international sales for General Binding Corporation, co-founded by his father, Edgar Uihlein.
The Uihleins started Uline with start-up funds from Richard's father, Edgar Uihlein.
As of 2020, Uline had around 7,000 employees, with Richard's wife, Liz, serving as the company's president.
The Uihleins live in Lake Forest, Illinois, with a summer home in Manitowish Waters, Wisconsin.
Richard Uihlein's cousin is Lynde Bradley Uihlein, and the family also owns EAU Holdings, a resort in northern Wisconsin.

Political Activities

Richard Uihlein has been a longtime Republican donor, especially after the Citizens United ruling, supporting candidates who share his ultra-conservative views.
He has donated millions to Republican candidates, super PACs, and conservative organizations, favoring far-right and anti-union candidates.
Uihlein has supported efforts opposing gay and transgender rights as well as abortion, backing candidates aligned with his social and economic conservatism.
The Uihleins have contributed significantly to various Republican campaigns, including Scott Walker, Ted Cruz, and Donald Trump.
During the COVID-19 pandemic, Liz Uihlein criticized stay-at-home directives and pushed for the removal of Governor Tony Evers over his pandemic response.

Philanthropy

Apart from political contributions, Richard Uihlein has donated to various organizations, including the Chicago Public Library.
Through the Ed Uihlein Family Foundation, the Uihleins have made substantial grants to conservative think tanks, nonprofits, and institutes.
They have supported organizations promoting conservative ideologies, such as the Conservative Partnership Institute, Turning Point USA, and the Center for Security Policy.
The Uihleins have also donated to educational and media-related institutions, emphasizing their conservative principles through philanthropy.

Company History

Uline was founded by Richard and Elizabeth Uihlein in 1980, initially operating from their basement.
Their first product was the H-101 carton sizer, which laid the foundation for their shipping supply business.
Over the years, Uline expanded its operations across the U.S., Canada, and Mexico, with distribution centers and a comprehensive catalog offering thousands of products.
The company moved its headquarters to Pleasant Prairie, Wisconsin, in 2010, with expansions announced in subsequent years due to continued growth.
Uline is a family-owned business, with Liz Uihlein serving as president and CEO, and the Uihlein family occupying executive roles within the company.

Operations and Marketing

Uline operates as a passthrough corporation, owned by the Uihlein family, with a conservative dress code and a focus on traditional marketing methods.
The company's extensive product catalog, mailing twice a year, features over 37,500 products and is a significant marketing tool.
Uline maintains a low profile on social media and relies heavily on catalog advertising to reach customers.
Its headquarters in Pleasant Prairie, Wisconsin, span 200 acres and include multiple buildings for offices and warehouses.
Distribution centers are strategically located across the U.S., Canada, and Mexico to facilitate efficient supply chain operations.

Richard Uihlein's Wealth is Equivalent to:

4,969,207 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,221,381 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

65,972 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Richard Uihlein?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Richard Uihlein's net worth of $6.46B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 58.67% compared to 23.91% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Richard Uihlein is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Richard Uihlein, Packaging Materials is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey