Larry Potterfield net worth could reach $8 billion.
Born in Ely, Missouri as the third child of a middle class family, Larry Potterfield spent his childhood living in a rural countryside. It was there that he began cultivating his interest in shooting a gun.
He was trained from a very young age. And he grew up loving hunting and the outdoor life. His first gun was a 16-gauge “Stevens Single Shot”. His brother gave him on Christmas at age thirteen.
That gift further cemented his interest. However, at the time shooting gun was only his favorite past time and nothing more. Initially educated in Hannibal-LaGrange College, this phase of his life was a real turning point for him.
From developing interest in skeet shooting to meeting his wife to building a business empire that led to the billion dollar wealth he has now.
The source of Larry Potterfield Net Worth
Potterfield graduated from college and decided to enlist in the Air Force. His military stint lasted from 1971 to 1977, and once his commitment in the Air Force completed, Potterfield decided to open a start-up gun shop. Initially named Ely Arms, Inc. the business had become one of the most well-planned start-ups in Missouri.
He initially decided to go back farming after having sold his share in the family business, but instead he wound up offering 8mm hand-made ammunition for Japanese pistol and ammunition for 25 Remington rifle. Three years later he received a massive order of 8mm Nambu Brass. This helped launch his business.
However the launch also attracted a conflict with a company with similar sounding name, which led to his decision to change Ely Arms, Inc. to Midway Arms, Inc. to then MidwayUSA in 1984. Along with his philanthropic wife, he grew the business greatly. the exact net worth of his is still unclear. Some sources estimated his net at the 8-billion to 10-billion mark.
Quick Biography from Larry Potterfield
|Date of Birth||January 16, 1949|
|Net Worth||$ 8 Billion|