How Wealthy Are These Family Dynasties?
The Kohler Family
Fortune: $8.3B Business: Kohler Company Industry: PlumbingFamous Member: Herbert Kohler, Jr.
If you’ve ever had a broken pipe replaced or fixed, chances are you’ve already heard of the Kohler Company. The massive Wisconsin-based corporation is one of the country’s biggest makers of plumbing accessories. It is currently run by the billionaire Herbert Kohler, Jr.
Kohler joined the family business, which has run through a long line of Kohlers. By the age of 33, he was running the daily operations of the company. The company’s financial success allowed the family to invest in other ventures, like manufacturing, hospitality, and government.