Asplundh, a name synonymous with utility line clearance and tree care services, was founded in 1928 by Carl Asplundh Sr. in West Chester, Pennsylvania. Starting as a small, family-owned business, the company’s humble beginnings were marked by Carl’s vision to provide reliable and efficient tree trimming services to the local community.

Growing steadily over the years, Asplundh expanded its services to include utility line clearance, making it a go-to name for power companies seeking to maintain safe and reliable electricity services. The company’s reputation for professionalism and safety grew, leading to its involvement in major projects, such as the clearance of power lines after the devastating 2003 Northeast blackout. This exposure, coupled with consistent quality work, catapulted Asplundh to fame in the utility and tree care industry.

Asplundh’s Current Net Worth (2025)

As of 2025, Asplundh’s current net worth is estimated at $3.5 billion. This significant wealth accumulation can be attributed to the company’s extensive operations and successful business strategies.

Career

Asplundh, a prominent figure in the utility industry, is the CEO and Chairman of Asplundh Tree Expert Company. He joined the family business in 1979 and has since expanded its services to include vegetation management, utility construction, and renewable energy solutions. Under his leadership, the company has grown to become one of the largest providers of these services in the United States.

Other Ventures

Beyond his work at Asplundh Tree Expert Company, Asplundh is also involved in various philanthropic endeavors. He serves on the boards of several charitable organizations, including the National Constitution Center and the Philadelphia Zoo. Additionally, he is a trustee of the University of Pennsylvania, his alma mater.

Assets

Asplundh’s assets include a substantial stake in the Asplundh Tree Expert Company, which generates billions in revenue annually. He also owns several properties, including a historic estate in Pennsylvania and a residence in Florida. His collection of vintage cars, valued at over $10 million, is another notable asset.

Annual Income

As the CEO of Asplundh Tree Expert Company, Asplundh’s annual income is significant. According to recent filings, his total compensation in 2021 was $14.5 million, which includes his base salary, bonus, and other forms of compensation. This figure reflects the company’s strong financial performance and Asplundh’s crucial role in its success.

Frequently Asked Questions about  Asplundh

Frequently Asked Questions: Asplundh Net Worth

1. What is Asplundh’s net worth?

Asplundh’s net worth is estimated to be around $5 billion.

2. Who is the founder of Asplundh?

The founder of Asplundh is Carl Asplundh, who started the company in 1928.

3. What does Asplundh do?

Asplundh is a utility contracting company that specializes in tree trimming and removal services for electric utilities.

4. Where is Asplundh headquarters located?

Asplundh’s headquarters is located in Willow Grove, Pennsylvania.

5. How many employees does Asplundh have?

Asplundh employs over 30,000 people across the United States and Canada.

6. What are some of the services offered by Asplundh?

Asplundh offers a wide range of services, including tree trimming, emergency storm response, vegetation management, and underground utility locating services.

7. In which countries does Asplundh operate?

Asplundh operates in the United States and Canada.

8. Is Asplundh a public or private company?

Asplundh is a private company.

9. What is the company’s mission and values?

Asplundh’s mission is to provide safe, reliable, and efficient utility services. Their core values include safety, integrity, respect, teamwork, and excellence.

10. How can I contact Asplundh?

You can contact Asplundh through their official website at https://www.asplundh.com/contact-us/ or by phone at (215) 659-2000.