Saturday, December 22, 2007

Ken Hendricks, CEO of ABC Supply, Dies in Roofing Accident

n a sad story, Rick Hendricks of Beloit, Wisconsin, died after falling through his garage roof. The 66 year old was the founder and CEO of ABC Supply and the 91st richest man in the United States.

The self made billionaire fortune was built by consolidating many of the suppliers of roofing and building supplies across the country. Hendricks also through his Hendricks Development Group owned over 20 million square feet of real estate.

Rock when he fell through, the sheriff’s department said. He suffered massive head injuries, according to his company, ABC Supply Co. Hendricks was the founder, chairman and chief executive officer of the company, the self-described nation’s largest wholesale distributor of roofing. The Beloit-based company does about $3 billion in business a year.
Hendricks had a net worth of $3.5 billion in September, according to Forbes magazine. That made him the country’s 91st richest person, according to the magazine’s ranking of American billionaires. Hendricks, the son of a Janesville roofer, worked side-by-side with his father growing up. A high school dropout, he started his own roofing business at age 21, according to his biography on ABC Supply’s Web site. via ajc.com

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