Billionaire Profile
Robert Rich Jr
Global Rank
#576

Image: Public domain | via Wikimedia Commons

Robert Rich Jr

CEO, Rich Products
US
Real-Time Net Worth
$6.5B
As of December 2025
Age
84
Source
Frozen foods
Industry
food-beverage
Citizenship
US

Biography

Robert Rich Jr, born January 25, 1941, is an American businessman, philanthropist, and writer. As the chairman and majority owner of Rich Products Corporation, a leading frozen foods manufacturer, he has guided the company to over $4 billion in worldwide sales. His career began at Rich Products in 1964 and he has led the company to its current success. Rich's estimated net worth is $6.5 billion as of December 5, 2025.

Wealth Over Time

In-Depth Profile

Early Life

Robert E. Rich Jr. was born on January 25, 1941. He 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.

Rise to Success

Rich joined Rich Products in 1964, a company founded by his father, as president of Rich Products of Canada. He moved up the ranks, becoming the Vice President of Sales and Marketing, and was named President in 1978. In 2006, Robert Rich Jr. succeeded his father as Chairman of Rich Products. He oversaw the expansion of Rich Products into new markets and has been recognized as a prominent business leader.

Key Business Strategies

Under Robert Rich Jr.'s leadership, Rich Products has focused on maintaining a family-owned structure, emphasizing long-term growth and innovation. The company has also employed a strategy of acquisitions to expand its product offerings and market presence.

Philanthropy

Rich is involved in various philanthropic endeavors. He has served as chairman of the board of trustees for the Cleveland Clinic and has chaired fundraising campaigns, raising over $1.5 billion. He is also involved with the Cystic Fibrosis Foundation.

Career Milestones

1964

President of Rich Products of Canada

Joined Rich Products, the company started by his father, and became president of its Canadian subsidiary.

1969

Vice President of Sales and Marketing

Created and staffed Rich's first marketing department and assumed this role.

1978

President of Rich's

Was named President of Rich's.

2006

Chairman of the Board of Rich Products

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

Philanthropy & Social Impact

Healthcare

Cleveland Clinic Fundraising

$1.5B

Chaired philanthropy campaigns for the Cleveland Clinic, raising over $1.5 billion.

Health

Cystic Fibrosis Foundation

Unknown

Member of the Cystic Fibrosis Foundation Leadership Council.

Business Philosophy & Leadership

Notable Quotes

"In a recent survey, the most important factor in on-the-job happiness is being part of a good team. Don't become part of a good team, become part of a great team. Then, winning is sweet. You sail through practice, and can't wait for your games. You learn to cheer for your team, they cheer for you, and your victories are shared. Winning on a great team is the only goal worth pursuing."

Leadership Principles

Focus on building a great team

Emphasizes the importance of teamwork for success.

Lifelong learning

Advocates for continuous learning and curiosity throughout life.

Take risks

Recognizes the necessity of taking risks for continuous improvement and growth.