Joseph Grendys

$3.83B
as of 07/05/24

About Joseph Grendys

Joseph Grendys runs Koch Foods, a poultry processor that slaughters, ships and sells chicken under its own brands and through private label products.

The $5 billion (estimated revenues) business makes buffalo wings and chicken strips for Walmart and nuggets for Burger King.

Grendys joined Koch in the mid-1980s after graduating from Loyola University, lured by a 50% equity offer from original owner Fred Koch.

At the time it was just a one-room shop with 13 employees, and its main business was taking bones out of chicken and cutting up the meat.

Grendys bought out his former boss in 1992 and vertically integrated the company by gobbling up smaller feed mills and slaughterhouses.

Personal stats

Citizenship

United States of America

Source of wealth

Poultry processing

Residence

Chicago, Illinois

Marital status

Single

Birth date

12/01/61 (age 62)

Education

Bachelor of Arts/Science, Loyola University Chicago

Self-made

self-made

Joseph Grendys’s fortune is worth

64K

troy ounces of gold

59K

median U.S. household

38K

median U.S. income

0.077%

U.S. credit card volume

0.015%

GDP of the United States

0.011%

United States debt

Net worth history

Annual ranking

Did you know?

In 2019, ICE arrested 234 Koch Foods workers, who the company said had passed the government's E-Verify program, for potentially working without legal documentation.

Net worth over time

Real-time ranking

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