Bill Penzey Net Worth – How Much Is Bill Penzey Worth?
A well-known businessman, Bill Penzey has built up a lucrative business through his family’s spice business. His net worth is estimated to be at least $10 million. He is the second generation of a family of spice mavens and his family owns the Penzeys Spices business, which is based in Wauwatosa, Wisconsin.
In the 1980s, Penzey created a mail-order spice catalog. At the time, it was one of the more popular ways to purchase spices. Eventually, the store opened its first retail location. It’s now considered to be the largest private spice shop in the United States. There are now 53 retail locations and the company sells through both brick-and-mortar and online locations.
After the Kenosha riots in 2014, Penzey responded by launching an initiative. The initiative was in response to the looting of businesses in the area. Several stores, including Penzey’s, were damaged. In an email to customers, Penzey said “it was the Republicans who are causing all the damage.” However, in the post-election era, the store’s e-mail has been criticized for its message.
While the company’s e-mails made it into the national media, it has also garnered some backlash from liberal customers. The email suggested that Republicans were racist, and urged customers to sign up for the Penzeys newsletter. The company later admitted that it lost thousands of subscribers.
When President Trump was elected, Penzey ratcheted up his rhetoric. In a series of statements, he called Republicans “racists.” He said, “none of that excuses you.” Moreover, he renamed Martin Luther King Jr. Day to Republicans Are Racist Weekend. During that same time, he also launched a spice blend named Arizona Dreaming.
Despite his political views, Penzey continues to make money with his spice business. He earns close to $1.2 million annually. Penzey also makes additional income by investing in companies. This allows him to keep his overhead low. But, his public statements are what draw the most attention.
Bill Penzey has used his platform to criticize mass shootings and racial injustice. Penzey has also defended marriage equality. Although he hasn’t disclosed his parents’ names, Bill has said that he and his wife Jeri live in Wauwatosa with their three children. They have never hid their political views from their family or friends.
Penzey has made a name for himself through his controversial political viewpoints. Although he is often vilified by the right, his posts are regularly shared on social media. Some people have also taken to praising him. For example, Michelle Malkin tweeted her opinion about him.
When he was growing up, Penzey’s parents worked in the spice industry. Eventually, they opened a coffee and tea store, which became known as the Spice House. Their business expanded into the Spice Company, and Bill Penzey began working there as a teenager. From there, he branched out into a spice mail-order catalog.
Since the 1990s, Penzey’s company has grown from a small spice business to a large corporation. According to a former employee, the company has become a target for the conservative movement. Among its many activities, the company has supported Democratic election victories, such as the 2004 presidential election. It has also backed protests against racial injustice.