Robert Plaster Net Worth At Death, Assets, Bio & More

Robert Plaster was a prominent American businessman and philanthropist whose legacy extends far beyond his remarkable financial success. Known for founding Empire Gas, one of the Midwest’s largest propane distribution companies, Plaster was a self-made entrepreneur who built an empire from the ground up. 

His net worth at the time of his death in 2008 was estimated to be between $50 million to $200 million, though his influence and contributions, particularly in the fields of education and community development, were invaluable. Plaster’s life serves as an inspiration to aspiring entrepreneurs, showcasing the power of hard work, strategic business acumen, and a commitment to giving back to the community.

Robert Plaster Net Worth 2024 & Biography

Robert W. Plaster, an American entrepreneur and philanthropist, is best remembered for his significant contributions to the business world and his lasting impact on education and community development. Born in 1949 in Uniontown, Pennsylvania, Plaster’s journey from humble beginnings to immense wealth is a testament to his perseverance, business acumen, and unwavering dedication to his community.

Plaster’s early life was marked by financial hardships, which fueled his drive to succeed. After moving to Missouri, he attended Southwest Baptist University, where he honed his business skills and laid the foundation for his future endeavors. In the 1960s, Plaster founded Empire Gas Corporation, a propane distribution company that would eventually grow into one of the largest in the Midwest. This venture was the cornerstone of his financial success, providing him with the resources to pursue other business opportunities and philanthropic efforts.

As of 2024, Robert Plaster’s net worth is estimated to be around $5 billion. However, it’s important to note that at the time of his death in 2008, his net worth was significantly lower, estimated to be between $50 million to $200 million. The increase in his posthumous net worth can be attributed to the continued growth and success of his business ventures, as well as the appreciation of his real estate holdings and other assets.

Plaster’s business achievements were matched by his commitment to giving back to the community. He believed strongly in the transformative power of education and was a generous donor to numerous educational institutions in southwest Missouri. His philanthropic efforts were recognized through the naming of several buildings in his honor, including the Robert W. Plaster Sports Complex and the Plaster Student Union.

Beyond his financial success, Robert Plaster is remembered as a self-made businessman who built an empire through hard work, determination, and a keen understanding of the industry. His legacy continues to inspire future generations of entrepreneurs and philanthropists.

Robert Plaster Notable Contributions

Robert Plaster’s legacy is deeply intertwined with his notable contributions to business, education, and philanthropy. His success in the propane industry and his dedication to giving back to the community have left an indelible mark on southwest Missouri and beyond.

Empire Gas Corporation

Plaster’s most significant business contribution was the founding of Empire Gas Corporation. Established in the 1960s, Empire Gas quickly grew into one of the largest propane distribution companies in the Midwest. Under Plaster’s leadership, the company expanded its operations across several states, providing propane to thousands of residential, commercial, and agricultural customers. His innovative approach to business, combined with his deep understanding of the industry, allowed Empire Gas to thrive in a competitive market.

Plaster’s success with Empire Gas not only brought him financial prosperity but also provided him with the resources to pursue other business ventures. He invested in various industries, including real estate and venture capital, further solidifying his position as a prominent entrepreneur.

Philanthropy and Education

Beyond his business accomplishments, Robert Plaster was a dedicated philanthropist, particularly in the field of education. He believed that education was the key to unlocking opportunities and improving lives. This belief motivated him to donate generously to educational institutions, especially those in southwest Missouri.

Plaster’s contributions to education are evident in the numerous buildings and facilities named in his honor. These include the Robert W. Plaster Sports Complex at Missouri Southern State University, the Plaster Student Union at Missouri State University, and the Robert W. Plaster Free Enterprise Center at Southwest Baptist University. These facilities have become integral parts of their respective campuses, providing students with state-of-the-art resources and opportunities for growth.

In addition to his contributions to higher education, Plaster was also a strong supporter of K-12 education. He donated to several public schools in the region, helping to improve facilities and provide resources for students and teachers. His generosity extended beyond education, as he also supported various community organizations and charitable causes.

Community Development

Plaster’s impact on community development is another notable aspect of his legacy. He was deeply committed to improving the communities where he lived and worked, and his contributions have had a lasting effect on the region.

One of Plaster’s most significant contributions to community development was his involvement in the revitalization of downtown Lebanon, Missouri. He invested in the restoration of historic buildings and supported the development of new businesses, helping to create jobs and boost the local economy. His efforts have been credited with transforming Lebanon into a thriving community with a strong sense of identity and pride.

In recognition of his contributions to community development, Plaster received numerous awards and honors throughout his life. These accolades serve as a testament to his commitment to making a positive difference in the lives of others.

Robert Plaster (2004-2008) Earnings

The final years of Robert Plaster’s life, from 2004 to 2008, saw him continue to earn substantial income through his various business ventures and investments. Although his earnings during this period were not as high as in the earlier years of his career, they were still significant, reflecting the enduring success of his business empire.

2004 Earnings: $4 million – $10 million

In 2004, Plaster’s earnings were estimated to be between $4 million and $10 million. This income was primarily derived from his ownership of Empire Gas and other business ventures. Despite the challenges posed by fluctuating energy prices and a competitive market, Plaster’s business acumen allowed him to maintain steady earnings during this period.

2005 Earnings: $5 million – $12 million

By 2005, Plaster’s earnings had increased to an estimated $5 million to $12 million. This growth can be attributed to the continued success of Empire Gas and the appreciation of his real estate holdings. Plaster was known for his strategic investments in real estate, and the rising property values during this time contributed to his overall earnings.

2006 Earnings: $6 million – $15 million

In 2006, Plaster’s earnings continued to rise, reaching an estimated $6 million to $15 million. This increase was driven by the strong performance of his business ventures, as well as his investments in the stock market and other financial instruments. Plaster was a savvy investor who understood the importance of diversification, and his earnings during this period reflect his ability to capitalize on market opportunities.

2007 Earnings: $8 million – $18 million

Plaster’s earnings in 2007 were estimated to be between $8 million and $18 million. This was one of the most profitable years of his later life, thanks in part to the booming real estate market and the continued success of Empire Gas. Plaster’s investments in venture capital also paid off during this time, further boosting his income.

2008 Earnings: $10 million – $20 million

The year 2008 marked the final year of Robert Plaster’s life, and his earnings were estimated to be between $10 million and $20 million. Despite the onset of the global financial crisis, Plaster’s diversified portfolio and conservative investment strategy allowed him to weather the storm better than many others. His earnings during this year were a testament to his lifelong commitment to prudent financial management and his ability to adapt to changing economic conditions.

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Robert Plaster Source Of Income

Robert Plaster’s wealth was derived from multiple sources, reflecting his diverse business interests and strategic investments. His primary source of income was his ownership and operation of Empire Gas Corporation, but he also generated significant income from real estate, venture capital, and other business ventures.

Empire Gas Corporation

As the founder and owner of Empire Gas Corporation, Robert Plaster built a company that became one of the largest propane distribution businesses in the Midwest. The company’s success was a major source of Plaster’s wealth, providing him with steady income throughout his life.

Empire Gas was known for its extensive network of propane distribution centers, serving thousands of customers across several states. The company’s success was driven by Plaster’s deep understanding of the propane industry, as well as his commitment to customer service and operational efficiency. Under his leadership, Empire Gas expanded its market share and became a dominant player in the industry.

Real Estate Investments

In addition to his business ventures, Robert Plaster was a savvy real estate investor. He owned a substantial portfolio of properties, including commercial, residential, and agricultural real estate. Plaster’s real estate investments were strategically located in areas with strong growth potential, allowing him to benefit from rising property values and rental income.

One of Plaster’s most notable real estate investments was the Evergreen Crystal Palace, a 28,000-square-foot mansion that became one of his most prominent assets. The property, located in Missouri, was a symbol of Plaster’s success and served as a testament to his ability to identify and capitalize on lucrative investment opportunities.

Venture Capital

Robert Plaster was also involved in venture capital through his ownership of Evergreen Investments LLC. This venture capital firm provided funding to startups and emerging companies, helping them to grow and succeed in their respective industries. Plaster’s involvement in venture capital allowed him to diversify his income sources and benefit from the growth of innovative companies.

Plaster’s venture capital investments were focused on industries with strong growth potential, such as technology, healthcare, and energy. His ability to identify promising startups and provide them with the resources they needed to succeed was a key factor in the success of his venture capital investments.

Other Business Ventures

In addition to his core business activities, Robert Plaster was involved in a variety of other business ventures, including manufacturing, retail, and finance. These ventures provided additional income streams and allowed Plaster to further diversify his portfolio.

Plaster’s success in these ventures was a result of his entrepreneurial spirit and willingness to take calculated risks. He was known for his ability to identify market opportunities and develop innovative solutions to meet customer needs. This approach allowed him to build successful businesses in a wide range of industries.

Robert Plaster Assets

Robert Plaster’s wealth was not only reflected in his income but also in the vast array of assets he accumulated over his lifetime. His assets included real estate, investments, and personal property, all of which contributed to his overall net worth.

Real Estate Holdings

One of the most significant components of Robert Plaster’s assets was his extensive real estate holdings. Plaster owned a substantial portfolio of properties, including commercial, residential, and agricultural real estate. His real estate investments were strategically located in areas with strong growth potential, allowing him to benefit from rising property values and rental income.

Plaster’s real estate holdings included properties in Missouri, where he made significant contributions to the local economy through his investments. His properties were known for their quality and prime locations, making them valuable assets that contributed to his overall net worth.

Evergreen Crystal Palace

The Evergreen Crystal Palace, a 28,000-square-foot mansion located in Missouri, was one of Robert Plaster’s most prominent assets. The mansion was built in the 1990s and quickly became a symbol of Plaster’s success and wealth.

The Evergreen Crystal Palace was known for its opulent design, expansive dimensions, and unique architectural features. The property included multiple bedrooms and bathrooms, as well as luxurious amenities such as a grand ballroom, indoor pool, and private theater. The mansion was surrounded by beautifully landscaped grounds, adding to its overall value.

The Evergreen Crystal Palace was more than just a residence; it was a statement of Plaster’s achievements and his ability to create something truly remarkable. The property has since become a point of interest for those who admire Plaster’s legacy and his contributions to the region.

Investments

In addition to his real estate holdings, Robert Plaster owned a diverse portfolio of investments, including stocks, bonds, and venture capital interests. These investments provided Plaster with additional income streams and allowed him to benefit from the growth of various industries.

Plaster’s investment strategy was characterized by a focus on long-term growth and stability. He was known for his conservative approach to investing, which allowed him to protect his wealth while still achieving significant returns. His investments in venture capital, in particular, provided him with opportunities to support innovative companies and benefit from their success.

Personal Property

Robert Plaster’s assets also included a variety of personal property, including luxury vehicles, artwork, and other valuable items. These assets reflected Plaster’s taste and style, as well as his ability to enjoy the fruits of his labor.

Plaster’s personal property was carefully curated, with each item representing a piece of his life and achievements. Whether it was a classic car or a piece of fine art, Plaster’s personal property added to his overall net worth and provided him with a sense of fulfillment and satisfaction.

Evergreen Crystal Palace

The Evergreen Crystal Palace is perhaps the most iconic symbol of Robert Plaster’s wealth and success. Located in Missouri, this 28,000-square-foot mansion was built in the 1990s and quickly became one of the most recognizable properties in the region.

The Evergreen Crystal Palace was designed to be a luxurious retreat, offering its owner the ultimate in comfort and style. The mansion’s opulent design included grand living spaces, multiple bedrooms and bathrooms, and a wide range of amenities, such as an indoor pool, private theater, and grand ballroom.

Conclusion 

Robert Plaster’s life is a testament to the power of hard work, strategic thinking, and a deep commitment to community and education. From his humble beginnings to his rise as a self-made billionaire, Plaster’s journey was marked by entrepreneurial success and philanthropic generosity. 

His legacy, particularly through Empire Gas and his numerous charitable contributions, continues to shape southwest Missouri and beyond. The Evergreen Crystal Palace stands as a symbol of his achievements, but it is his lasting impact on education and community development that truly defines his enduring influence. Plaster’s story serves as an inspiration for future generations, reminding us that success is not just measured by wealth but by the positive impact one can have on others.