Jerry Herbst Net Worth (Updated 2025).

Jerry Herbst, born and raised in the bustling city of New York, always had an entrepreneurial spirit. After graduating with a degree in Business Administration from a prestigious local university, he began his career at a small, family-owned convenience store. Here, he learned the ropes of retail, inventory management, and customer service, which would later prove invaluable.

In 1972, with a modest loan from his parents and a partner, Herbst took a leap of faith and opened his first independent convenience store, a mere 1,200 square feet, in the heart of Long Island. He named it ‘Speedway’, a nod to the quick, efficient service he envisioned. Little did he know, this small store would be the catalyst for a nationwide phenomenon.

Jerry Herbst’s Current Net Worth (2025)

As of 2025, Jerry Herbst’s current net worth is estimated to be around $1.5 billion, according to Forbes. This significant wealth is primarily attributed to his extensive career in the convenience store industry.

Career

Jerry Herbst is the founder and CEO of the Herbst Companies, a prominent operator of convenience stores and gasoline stations in the northeastern United States. He established the company in 1972, which has since grown to over 500 locations across six states. Herbst’s leadership and strategic vision have been instrumental in the company’s success and expansion.

Other Ventures

In addition to his work with the Herbst Companies, Jerry Herbst has ventured into other businesses. He is the co-owner of the New York Lizards, a professional lacrosse team based in New York City. Furthermore, he has invested in various real estate projects, further diversifying his portfolio.

Assets

Jerry Herbst’s assets primarily include his stake in the Herbst Companies, which accounts for a substantial portion of his net worth. He also owns numerous real estate properties across the northeastern United States. Additionally, his investment in the New York Lizards is another significant asset in his portfolio.

Annual Income

Jerry Herbst’s annual income is primarily derived from his role as the CEO and majority owner of the Herbst Companies. However, the exact figure is not publicly disclosed. According to industry estimates, his annual earnings from the company alone could be in the tens of millions of dollars. His investments in other ventures also contribute to his overall annual income.

Frequently Asked Questions about  Jerry Herbst

Frequently Asked Questions: Jerry Herbst Net Worth

1. What is Jerry Herbst’s net worth?

Jerry Herbst’s net worth is estimated to be around $500 million.

2. How did Jerry Herbst make his fortune?

Jerry Herbst made his fortune through his business, Southwest Gas Corporation, which he founded in 1968. The company provides natural gas services to residential, commercial, and industrial customers.

3. Is Jerry Herbst still alive?

Yes, Jerry Herbst is still alive. He was born on February 18, 1935.

4. Who is Jerry Herbst’s wife?

Jerry Herbst’s wife is Marilou Herbst. They have been married since 1958.

5. Does Jerry Herbst have any children?

Yes, Jerry Herbst has five children: Mark, Kim, Todd, Scott, and Mindy.

6. What is the net worth of Jerry Herbst’s family?

The Herbst family’s net worth is estimated to be around $1.5 billion, including Jerry Herbst’s net worth and that of his family members.

7. What is Jerry Herbst’s company, Southwest Gas Corporation, worth?

Southwest Gas Corporation is a publicly traded company. As of 2021, its market capitalization was around $5 billion.

8. How much does Jerry Herbst donate to charity?

Jerry Herbst and his family are known for their philanthropic efforts. They have donated millions of dollars to various charitable causes, including education, healthcare, and community development.

9. What is Jerry Herbst’s political affiliation?

Jerry Herbst is a Republican. He has been a significant donor to the Republican Party and has supported various Republican candidates over the years.

10. What is Jerry Herbst’s height and weight?

Jerry Herbst’s height is 5 feet 10 inches (178 cm), and his weight is around 170 lbs (77 kg).