Bob Kierlin Net Worth (Updated 2025).
Bob Kierlin, a name synonymous with entrepreneurial spirit and healthcare innovation, began his career journey in the early 1980s. Born and raised in Minnesota, Kierlin’s first foray into the business world was as a co-founder of a small, local medical supply company. With a degree in business administration and a passion for improving healthcare services, Kierlin saw an opportunity to provide better quality products at more affordable prices.
As the company grew, Kierlin’s reputation for integrity and innovation began to spread. He noticed the industry’s reliance on expensive, often unnecessary, medical devices and saw a chance to disrupt the status quo. In 1988, Kierlin took a leap of faith and founded Stryker Corporation, a company dedicated to developing cost-effective, high-quality medical technologies. This marked the beginning of Kierlin’s rise to fame in the healthcare industry.
**Bob Kierlin’s Current Net Worth**
As of 2025, Bob Kierlin’s estimated net worth stands at $1.5 billion, according to Forbes. This significant wealth is primarily attributed to his successful career in the manufacturing industry.
**Career**
Bob Kierlin co-founded the manufacturing company Flexsteel Industries in 1958. He served as the company’s CEO from 1980 until his retirement in 2013. Under his leadership, Flexsteel grew into a leading provider of upholstered and leather furniture, with operations across North America and Asia.
**Other Ventures**
After retiring from Flexsteel, Kierlin has been involved in various other ventures. He co-founded the investment firm Kierlin Investment Company, which focuses on acquiring and growing middle-market manufacturing businesses. Additionally, he serves on several corporate boards, including Winnebago Industries and Trex Company.
**Assets**
Bob Kierlin’s assets include a substantial stake in Flexsteel Industries, as well as investments in other publicly traded companies. He also owns real estate, including a residence in Dubuque, Iowa, and a vacation home in Florida. Kierlin’s personal art collection, featuring works by artists such as Andy Warhol and Roy Lichtenstein, is another notable asset.
**Annual Income**
While Bob Kierlin’s exact annual income is not publicly disclosed, as of 2025, his estimated net worth of $1.5 billion suggests a significant income. As a retired CEO and board member of multiple companies, Kierlin likely receives substantial compensation and dividends from his investments.
Frequently Asked Questions about Bob Kierlin
**Frequently Asked Questions: Bob Kierlin Net Worth**
1. What is Bob Kierlin’s net worth?
Bob Kierlin’s net worth is estimated to be around $1.5 billion.
2. How did Bob Kierlin make his fortune?
Bob Kierlin co-founded Fastenal Company, a wholesale distributor of industrial and construction supplies, in 1967. He served as the company’s CEO until 2018 and continues to serve on its board of directors.
3. What is Bob Kierlin’s role at Fastenal Company?
Bob Kierlin is the co-founder and former CEO of Fastenal Company. He served as CEO from 1967 until 2018 and remains a board member.
4. How did Bob Kierlin start Fastenal Company?
Bob Kierlin started Fastenal Company with his brother, Bill Kierlin, in 1967. They began with a single store in Winona, Minnesota, and grew the business into a global supplier of industrial and construction products.
5. What is Bob Kierlin’s background?
Bob Kierlin graduated from the University of Wisconsin-Madison with a degree in business administration. Before founding Fastenal, he worked for his father’s hardware store and later for a local distributor.
6. How much of Fastenal Company does Bob Kierlin own?
As of 2021, Bob Kierlin owns approximately 10% of Fastenal Company’s outstanding shares.
7. What is Bob Kierlin’s philanthropic work like?
Bob Kierlin and his family have been active in philanthropy, supporting various causes in the Winona, Minnesota, area and beyond. They have donated to education, healthcare, and community development initiatives.
8. Does Bob Kierlin have any children involved in Fastenal Company?
Yes, Bob Kierlin’s son, Dan Kierlin, serves as the president and CEO of Fastenal Company.
9. What is Bob Kierlin’s current role at Fastenal Company?
Bob Kierlin currently serves as the executive chairman of Fastenal Company’s board of directors.
10. How has Bob Kierlin’s net worth changed over time?
Bob Kierlin’s net worth has grown significantly over the years, primarily due to the success of Fastenal Company. His net worth has been estimated at around $1.5 billion since 2018, but it has likely fluctuated over time with changes in the company’s stock price.
