Archie Aldis Emmerson Net WorthReal Name: Archie Aldis Emmerson
Date of Birth: 4/10/1929
Place of Birth: Grand Ronde, Oregon
2017 Net Worth: $3.5 Billion
Profession: Co-founder of Sierra Pacific Industries
Archie Aldis Emmerson Biography
Archie Emmerson was born in April of 1929 in Grand Ronde, Oregon. He spent his early years in what he described as “meager” surroundings. Emmerson attended school, while his father built sawmills in California and Oregon. At the age of 19, Emmerson traveled to Arcata, California, where he began working at lumber mills, trying to learn every job within the mill.
Emmerson and his father formed a partnership and went into business together in 1949. This father/son team began producing manufacturing plants in and around the northwestern portion of the US. Under Emmerson’s management, their company grew into what is now known as Sierra Pacific Industries, the second largest lumber producer in America. Emmerson took the company public in 1969 but changed his mind and took it private once more in 1973. In 1998, Emmerson purchased 522,000 acres of land from the Santa Fe Southern Pacific Railroad for $460 million. Sierra Pacific Industries owns more than 1.9 million acres of timberland in Western Washington State and Northern California. As of 2011, Emmerson was the third largest landowner in the US and the number one private landowner in the state of California.
Emmerson’s father created a fund through which the children of employees can attend college back in 1979. Through the Sierra Pacific Foundation, Emmerson has given millions of dollars. He has continued to fund the Foundation to meet its philanthropic commitment not just to the children of employees, but also to various community projects, youth activities, and other worthy organizations. Continuing its 34 year tradition of granting scholarships, the Sierra Pacific Foundation gave more than $500,000 to 203 students in 2013.
Emmerson has retired officially but his sons Mark and George have taken over key leadership roles as chairman and president. Emmerson has a net worth of $3.5 billion and lives in Redding, California.