The Pabst family, specifically Eugene Pabst, is associated with the well-known Pabst Brewing Company, which has a rich history dating back to its founding by Jacob Best in 1844. While it is difficult to determine the exact net worth of the Pabst family as a whole, Eugene Pabst, the current owner, was ranked #875 on the Forbes 2020 list of the world’s billionaires, with an estimated net worth of US$2.6 billion.
It is important to note that the Pabst Brewing Company has changed ownership several times throughout its history. After Jacob Best, his son-in-law, Frederick Pabst, took over the company and expanded its operations, making it one of the largest breweries in the United States by the late 19th century. However, the Pabst family’s direct ownership of the company ended in the 20th century.
In recent years, the Pabst Brewing Company has undergone various ownership changes and has been owned by a number of different entities. In 1985, the company was sold to Paul Kalmanovitz, a beer industry entrepreneur, for an estimated $63 million. After his death in 1987, the ownership was transferred to his charitable foundation. In 2010, the company was acquired by a group of investors led by Eugene Kashper and TSG Consumer Partners, a private equity firm.
While Eugene Pabst, the current owner, shares the same last name as the original founder, Jacob Best, there is no direct familial connection between the two. Eugene Pabst is a successful businessman who acquired the Pabst Brewing Company as part of a group of investors. Thus, the net worth associated with the Pabst family primarily relates to Eugene Pabst’s personal wealth.
It is worth mentioning that the net worth of individuals can vary over time due to various factors, including changes in ownership, investments, and market fluctuations. Therefore, it is important to consider that the net worth of Eugene Pabst and the Pabst family may change in the future.
While the exact net worth of the Pabst family as a whole is difficult to determine, Eugene Pabst, the current owner of the Pabst Brewing Company, was ranked #875 on the Forbes 2020 list of billionaires with a net worth of US$2.6 billion. The Pabst family’s association with the brewery dates back to its early history, but direct ownership by the family ended in the 20th century. Ownership of the company has changed hands multiple times, with Eugene Pabst being the current owner.