Robert Plaster Net Worth reflects his business success and financial achievements. He built Empire Gas Corporation, turning it into a leading propane distributor across the Midwest. His strategic investments in real estate, venture capital, and technology fueled his wealth growth. At his death in 2008, his net worth was $1.3 billion. Estimates suggest it could reach $5.5–$5.7 billion by 2025.
Beyond business, Robert Plaster made philanthropic contributions that transformed education and economic development. Through the Robert W. Plaster Foundation, he funded scholarships and business programs. His legacy continues to inspire entrepreneurs, proving that true success combines wealth and meaningful contributions.
Who Was Robert Plaster?
Robert Plaster was a self-made entrepreneur who built his fortune from humble beginnings in Southwest Missouri. Born during the Great Depression, he overcame poverty to become one of the region’s most successful businessmen. His main achievement was founding Empire Gas Corporation, which grew into one of America’s largest propane distributors.
Unlike many wealthy individuals, Plaster maintained his Midwestern values throughout his life. Robert’s strong work ethic, practical business sense, and commitment to free enterprise defined him. These qualities helped him build a net worth of $1.3 billion by his death in 2008.
Impact & Legacy
Robert Plaster wasn’t just a businessman. He was a longtime donor who funded schools, scholarships, and economic programs. His contributions to Missouri State University, Southwest Baptist University, and the College of the Ozarks helped thousands of students.
His philanthropic contributions also led to the construction of Plaster Sports Complex, Plaster Student Union, and the Robert W. Plaster Free Enterprise Center. His focus on economic freedom and free enterprise set an example for future entrepreneurs.
Robert Plaster Profile Summary
| Category | Details |
| Full Name | Robert W. Plaster |
| Birthdate | September 3, 1930 |
| Birthplace | Neosho, Missouri |
| Death | 2008 (Aged 78) |
| Net Worth at Death | $1.3 Billion |
| Occupation | Entrepreneur, Businessman, Philanthropist |
| Major Business | Empire Gas Corporation (Propane Distributor) |
| Other Investments | Evergreen Investments LLC, Real Estate Holdings, Tech Ventures |
| Education | Attended Missouri Southern State University |
| Key Achievements | Built Empire Gas into a nationwide distributor, major donor to Missouri State University |
| Philanthropy | Founder of the Robert W. Plaster Foundation, major contributions to education & community development |
| Notable Properties | Evergreen Crystal Palace (Luxury Mansion) |
Robert Plaster Early Life & Education
Childhood & Background
Hardship and determination defined Robert Plaster’s formative years. Born in 1930 in Neosho, Missouri, he experienced the lingering effects of the Great Depression firsthand. His family struggled financially, teaching young Robert valuable lessons about resourcefulness and hard work that would influence his entire life.
His humble beginnings shaped his character and resilience. Neighbors remember him as a serious child who took odd jobs from an early age. He delivered newspapers, helped on local farms, and saved every penny possible. This early background planted the seeds for his future business achievement.
Educational Journey
Plaster’s academic background was practical rather than prestigious. After high school in Lebanon, Missouri, he briefly attended Missouri State University. Though he didn’t complete his degree, this educational history provided a foundation for his business career.
His real learning journey happened outside the classroom. Plaster often said his best academic credentials came from real-world experience. After serving in the military, he worked as an IRS Field Agent. This role gave him business finance and tax law knowledge, helping him build his empire.
How Robert Plaster Built His Fortune
Early Career & Business Ventures
Robert Plaster’s path to wealth began with a modest startup success in the propane industry. In 1963, he founded Empire Gas Corporation with just $25,000 in capital. The timing was perfect. Rural America needed reliable energy, and propane met that demand.
His entrepreneurial growth strategy was brilliant yet straightforward. He identified struggling small propane dealers, purchased them at reasonable prices, improved their operations, and expanded their service areas. This strategy helped Empire Gas grow from one location to hundreds of outlets across multiple states.
Key Investments & Business Growth
Robert Plaster’s wealth status surged through strategic business acquisitions and industry diversification. As major oil companies began selling off their small-town propane distribution networks, he capitalized on the opportunity. By acquiring assets at bargain prices, he expanded Empire Gas into one of the largest propane distributors in the U.S.
His investment strategies didn’t stop with energy distribution. Through Evergreen Investments LLC, he diversified into commercial real estate, banking, and construction industries. His property investments included high-value real estate in developing markets, ensuring long-term asset appreciation. His venture capital firm funded emerging businesses, focusing on technology, finance, and infrastructure. These investments significantly boosted his financial net worth.
Robert Plaster Net Worth Over the Years
Net Worth in Different Years
| Year | Net Worth |
| 2004 | $800 million |
| 2008 | $1.3 billion |
| 2024 | $5 billion (Projected) |
| 2025 | $5.5 – $5.7 billion (Estimated) |
Factors Contributing to His Wealth
Several key factors drove Robert Plaster’s financial standing:
- Business achievement: Building Empire Gas into a nationwide corporation provided the foundation of his wealth
- Venture capital firm activities: Strategic investments in emerging businesses multiplied his assets
- Property acquisition: Acquiring real estate in developing areas before market booms
- Digital investments: Recognizing the potential of technology companies early on
- Strategic tech funding: Investments in autonomous vehicles and artificial intelligence
He took a well-rounded approach to building wealth. While some entrepreneurs focus exclusively on a single industry, Plaster understood the importance of diversification. This strategy protected his wealth during economic downturns and maximized growth during boom times.
Robert Plaster Business Ventures
Breakdown of His Companies & Investments
Robert Plaster’s business empire extended far beyond his flagship company. While Empire Gas Corporation formed the cornerstone of his fortune, he built a diverse portfolio of successful businesses:
| Business | Industry | Role | Contribution to Wealth |
| Empire Gas Corporation | Propane distribution | Founder & CEO | Primary wealth generator |
| Evergreen Investments LLC | Real estate/venture capital | Founder & Principal | Secondary wealth source |
| Mammoth Freight Systems | Transportation/logistics | Major investor | Portfolio diversification |
| Regional banks | Financial services | Significant stakeholder | Steady income stream |
| Commercial development | Real estate | Developer | Asset appreciation |
His business philosophy emphasized practical services people needed rather than flashy trends. This approach created stable revenue streams and long-term growth rather than quick profits.
Robert Plaster Major Assets & Properties
Business Holdings
At the time of his death, Robert Plaster’s assets included significant ownership stakes in various companies. Though he had sold Empire Gas Corporation years earlier, he maintained controlling interests in several other enterprises:
- Evergreen Investments LLC – His primary investment vehicle
- Multiple commercial construction and development firms
- Minority ownership in regional banks throughout the Midwest
- Interests in transportation and logistics companies
- Technology startups focusing on energy efficiency
These business holdings represented approximately 40% of his total asset portfolio. His approach to business ownership emphasized maintaining control while encouraging professional management teams to handle daily operations.
Real Estate & Notable Properties
Plaster’s realty investments formed another cornerstone of his wealth. His real estate assets included:
- Prime commercial properties in Springfield, Lebanon, and other Missouri cities
- Office buildings leased to corporate and government tenants
- Retail developments in growing suburban areas
- Agricultural land spanning thousands of acres
- Recreational properties including lakefront parcels
His property acquisition strategy focused on locations with growth potential rather than already-established premium areas. This approach allowed him to buy at reasonable prices and benefit from appreciation as regions developed.
Robert Plaster Mansion – The Evergreen Crystal Palace
The most visible symbol of Plaster’s wealth was his stunning residence, the Evergreen Crystal Palace. Built in the 1990s near Lebanon, Missouri, this 35,000-square-foot luxury mansion featured:
- Dramatic glass walls offering panoramic lake views
- Indoor and outdoor swimming pools
- Custom-designed entertainment spaces
- Private theater and recreational facilities
- Extensive gardens and grounds
The Crystal Palace wasn’t just a personal residence – it occasionally served as a venue for community and charitable events.
Robert Plaster’s Personal Life & Family
Marriage & Family
Behind the successful businessman was a devoted family man. Robert Plaster shared a lifelong partnership with Mary Jean Plaster, his wife of many decades. Their strong bond provided stability throughout his entrepreneurial journey. They raised their son, Stephen R. Plaster, who later took on business and philanthropic responsibilities, ensuring his father’s legacy lived on.
Despite his financial net worth, Robert Plaster valued personal connections over wealth. He stayed grounded, maintaining lifelong friendships and preferring family gatherings to extravagant events. His personal biography reflects a man who built an empire while staying true to his Midwestern values.
Robert Plaster Lifestyle
Despite his considerable fortune, Robert Plaster led a modest lifestyle. His lifestyle info shows he avoided luxurious excesses common among billionaires. He lived practically, driving American cars for years and maintaining a low-profile presence in society.
While he built the Evergreen Crystal Palace, his daily life remained simple. His personal background highlights a man who valued hard work, discipline, and humility, prioritizing business and philanthropy over lavish spending.
Robert Plaster Age, Height, and Weight
At the time of his passing in 2008, Robert Plaster was 78 years old. Those who knew him described him as a man of average height, standing around 5’10”, with a solid, sturdy build. He maintained a strong presence, reflecting his practical and disciplined nature.
His physical appearance matched his no-nonsense approach to life. He dressed neatly and professionally, avoiding flashy displays of wealth. His background reflects a man who valued substance over style, prioritizing business and philanthropy over vanity.
Robert Plaster Legacy & Notable Contributions
Philanthropy & Charitable Work
Robert Plaster’s charitable donations created a lasting impact across the Midwest. Through the Robert W. Plaster Foundation, he implemented a distinctive approach to philanthropy. Rather than just donating money, he strategically funded infrastructure projects at educational institutions. He required the buildings to bear his name and the schools to support free enterprise principles.
This approach created visible reminders of what determined individuals from modest backgrounds could achieve. His community giving extended beyond buildings to include:
- Scholarships for students from disadvantaged backgrounds
- Programs teaching entrepreneurship and business skills
- Support for rural economic development initiatives
- Funding for practical vocational training programs
- Resources for business incubators in underserved communities
“I want young people to know that in America, you can start with nothing and build something significant through hard work and determination.” – Robert Plaster
Influence on Business & Education
Plaster’s legacy extends beyond physical buildings. His impact shaped business education, emphasizing real-world entrepreneurship over theory. Institutions bearing his name reflect his commitment to practical learning.
Programs at the Robert W. Plaster Free Enterprise Center focus on hands-on business instruction. Students gain mentorship and resources to launch actual businesses. His influence continues through the Plaster Student Union at Missouri State University, serving as a hub for student entrepreneurship.
The Robert W. Plaster School of Business at multiple institutions follows his practical approach. It prepares students for entrepreneurship rather than just corporate careers. His education contributions ensure future generations learn through experience, not just theory.
Robert Plaster Net Worth vs Other Entrepreneurs
Robert Plaster’s net worth at death ($1.3 billion) ranked him among successful American entrepreneurs. However, he did not reach the level of tech billionaires like Gates or Bezos. His achievement is particularly impressive considering his starting point and industry. Unlike many contemporary billionaires, Plaster built his fortune in traditional industries rather than technology or finance.
For comparison:
- Steve Varsano: Aviation entrepreneur with estimated net worth of $50-$70 Million
- Gissum Fennell: Technology investor worth approximately $16 Million
- Arch Aplin III: Founder of Buc-ee’s convenience stores, worth about $1 Billion
- Ashi Jelinek: Founder of KidsLuv, with net worth around $20 Million
- Dan Oliver Danos: Creator of Dan-O’s Seasoning, worth approximately $12 Million
FAQs
How did Robert Plaster make his money?
Robert Plaster built his fortune by founding Empire Gas Corporation, one of the largest propane distributors in the U.S. He grew his business empire through real estate, venture capital, and tech investments, significantly increasing his net worth.
Did Robert Plaster face any major business setbacks during his career?
Yes, Robert Plaster faced legal and regulatory challenges with Empire Gas Corporation, including lawsuits and fines related to business practices. Despite setbacks, he adapted, diversified his investments, and expanded into real estate and venture capital, securing long-term financial success.
What is the Evergreen Crystal Palace, and why is it significant?
The Evergreen Crystal Palace was Robert Plaster’s luxury mansion, known for its grand architecture and glass structure. It represented his success, and after his passing, his family put it up for sale, keeping it a well-known landmark.
Did Robert Plaster donate to causes outside of education?
Yes, while education was his main focus, Robert Plaster also supported community development, economic initiatives, and business incubators. His foundation provided funding for rural job programs and entrepreneurship support in underserved areas.
What happened to Robert Plaster’s businesses after his passing?
After Robert Plaster’s passing in 2008, his business ventures and investments continued under the leadership of his son, Stephen R. Plaster. His real estate, venture capital, and financial assets stayed active, preserving his business and philanthropic legacy.
Conclusion
Robert Plaster Net Worth showcases his rise from humble beginnings to billionaire status. He built Empire Gas Corporation into a leading propane distributor. He expanded his wealth through real estate, venture capital, and strategic investments. By 2008, his financial net worth reached $1.3 billion, reflecting his business expertise and visionary mindset.
Beyond financial success, Robert Plaster Net Worth also represents his commitment to philanthropy. Through the Robert W. Plaster Foundation, he funded education, scholarships, and business programs. His legacy continues to inspire entrepreneurs and students, proving that true success combines wealth with meaningful contributions.
Emma Henry, an experienced blogger at Celebsbucks, specializes in delivering daily curated insights about celebrities and their net worth. Her engaging content keeps readers informed and entertained.