The Craft Beer Billionaire Club Adds A Member

by Ryan Hudak on Jan 27, 2015 in Beer
The Craft Beer Billionaire Club Adds A Member

Recently, Sierra Nevada Brewing Company’s Ken Grossman was added to the extremely exclusive club of craft beer brewers who are valued at over $1billion. Other members of the club include Jim Koch of Boston Beer Co. and Dick Yuengling of, of course, Yuengling—though Dick doesn’t consider his brewery to be craft.

While this is great news for the craft beer industry as a whole, and certainly for Grossman, it should serve as a bit of a warning to anyone who is thinking about starting a brewery to make a quick fortune. Only two people have reached this plateau, and they’ve both been slugging away at the business for over 20 years. Sierra Nevada’s Pale Ale is among almost every craft beer fan’s “revelation beers” – the beer that turned their black and white Budweiser lives into full color craft beer experiences – and it still took this long for Grossman to hit a billion.

Which is not to say it’s impossible to make a great living—there are plenty of millionaire craft brewers out there, and plenty who are living as comfortably as they would like from their beer. But if your plan is to be craft beer’s Donald Trump, it’s not going to happen overnight—and probably won’t happen at all. Just think of the major craft beer pioneers who have been doing it forever and still aren’t on the list—Stone, Dogfish Head, Victory, etc.

But, if you get into brewing for the love of the game, which is what Ken did, and which is what Jim Koch, Greg Koch, Sam Calagione, and Bill Covaleski all did, you just might have a shot at that beer empire. Drinkers will be able to taste passion and love, and they will respond. What they won’t respond to, though, is corporate money grabs (see: the latest backlash for 10 Barrel and Elysian). Keep your beer integrity, and good things will come.

Photo via Flickr


Tags: Beer
Recent Articles
spacer

Feedback

How are we doing? Tell us what you like or don't like and how we can improve. We would love to hear your thoughts!

*Name:
*E-mail:
*Suggestions:
 
Behind the Bar: Liana Oster of Dante

Behind the Bar: Liana Oster of Dante

For this exciting installment of Behind the Bar, we had the incredible opportunity to sit down with Liana Oster, the head bartender at Dante in New Yo...read more ›

by The Drink Nation Jan 7, 2020
Taste a Slice of Chicago at Wyman's No. 5 in Denver

Taste a Slice of Chicago at Wyman's No. 5 in Denver

Modeled after the gritty taverns of Joliet, Illinois. ...read more ›

by Carrie Dow Nov 27, 2019
Rocker Spirits: Classic Spirits in Modern Glassware

Rocker Spirits: Classic Spirits in Modern Glassware

Their vodka, rum, and whiskey will stand up with the best of American spirits....read more ›

by Carrie Dow Nov 27, 2019
SPONSORED
Drink Nation Store Rectangle
Bigsby's Folly Introduces Denver to the Wine Cottle

Bigsby's Folly Introduces Denver to the Wine Cottle

New World grapes with Old World appeal. ...read more ›

by Carrie Dow Oct 29, 2019
Get in shape and drink beer at Denver's Brewery Boot Camp
by Carrie Dow Oct 10, 2019
Pabst Blue Ribbon Launches Blue Ribbon Whiskey in Select US Markets

Pabst Blue Ribbon Launches Blue Ribbon Whiskey in Select US Markets

PBR has launched their own whiskey. Let's keep an open mind and see what is inside this bottle....read more ›

by Carrie Dow Sep 24, 2019
The Master Sommelier Scandal is Now the Subject of a New Investigative Series

The Master Sommelier Scandal is Now the Subject of a New Investigative Series

There's a new investigative series about one of the biggest scandals to ever hit the wine world....read more ›

by The Drink Nation Sep 13, 2019
Explore a Newsworthy Social Hour at Courier Denver

Explore a Newsworthy Social Hour at Courier Denver

Anyone who loves tasty food paired with delicious drinks is welcome....read more ›

by Carrie Dow Sep 11, 2019
Places to Drink and Play in Denver
by Carrie Dow Aug 6, 2019
Using Peas to Make Gin Might Lead to More Environmentally Friendly Spirits, Studies Show

Using Peas to Make Gin Might Lead to More Environmentally Friendly Spirits, Studies Show

Scientists may have discovered a more environmentally friendly way to make one of the world's most popular spi...read more ›

by The Drink Nation Jul 23, 2019
SPONSORED
Drink Nation Home Bar Project Bottom Rectangle 2
View all Articles

Sign up to get weekly drinking news, bar reviews, events and more sent directly to your inbox!

Close