Robert Plaster Net Worth: Legacy, Wealth, and Philanthropy
Think about building a legacy that not only changes your business but also changes entire communities through education. Robert Plaster net worth in 2025 is proof of his amazing journey as a businessman and philanthropist. Famous for founding Empire Gas and supporting various educational initiatives, Plaster’s impact on the Midwest will continue to inspire generations to come. In this article we will look into who Robert Plaster was, his estimated net worth 2025 and his major contributions to education and economic development.
Who Was Robert Plaster?
Robert W. Plaster was a self made entrepreneur, philanthropist and free enterprise advocate who went from rags to riches to become one of the Midwest’s most successful businessmen. He is best known as the founder of Empire Gas Corporation, one of the largest propane distributors in the United States. His legacy goes beyond business, he was also a major benefactor to educational institutions and a supporter of economic development.
Robert Plaster Bio Data
| Attribute | Details |
|---|---|
| Full Name | Robert Wayne Plaster |
| Date of Birth | 1929 |
| Place of Birth | Neosho, Missouri |
| Date of Death | October 11, 2008 |
| Age at Death | 78 years |
| Spouse | Mary Jean Plaster |
| Children | Four (Stephen Plaster, Cheryl Plaster Schaefer, Tammy Plaster Brown, Dolly Plaster Clement) |
| Grandchildren | Nine |
| Education | Attended Joplin Junior College (now Missouri Southern State University) |
| Career Highlights | Founder of Empire Gas Corporation (1963); Chairman of Evergreen Investments |
| Philanthropy | Established the Robert W. Plaster Foundation (1983); Major donor to colleges and universities |
| Notable Contributions | Funded educational facilities like the Robert W. Plaster Free Enterprise Center and stadiums |
| Wealth Sources | Empire Gas profits, real estate holdings, and diversified investments |
| Legacy Landmarks | Evergreen Crystal Palace (Robert Plaster Mansion) |
| Core Values | Promoted free enterprise and education through philanthropy |
Early Life and Career Beginnings
Robert Plaster’s path to success was formed by tough beginnings, poverty and an entrepreneurial spirit. From overcoming adversity in his youth to building a big company, his early life played a big role in his later success. Here are the key moments that shaped his early life and career.
Birthplace and Upbringing
Robert Plaster was born September 3, 1930 in Neosho, Missouri and grew up in southwest Missouri during the Great Depression. His early life was tough, especially after his dad passed away and he had to help support his family.
Education
He couldn’t afford college due to his family’s poverty and he later attended Missouri Southern State University. He also has connections with Southwest Baptist University through his philanthropy.
Career Start
He started working young to support his family. His business journey began with small businesses before starting Empire Gas Corporation in 1963. The company grew fast through acquisitions and became a big player in the propane industry.
Robert Plaster Net Worth Overview
As of 2025, Robert Plaster net worth is estimated to be around $5 billion, although this figure is speculative since he passed away in 2008. His wealth primarily originated from his successful ventures in the gas industry, particularly through Empire Gas Corporation, which became one of the largest propane distributors in the United States. Additionally, his real estate holdings and strategic investments contributed significantly to his overall wealth.
Robert Plaster Net Worth Breakdown
| Source of Wealth | Estimated Contribution | Details |
|---|---|---|
| Empire Gas Corporation | $2.5 billion | The cornerstone of Plaster’s wealth, Empire Gas became one of the largest propane distributors in the U.S. |
| Real Estate Investments | $1.5 billion | Investments in commercial properties, estates, and land across multiple states. |
| Venture Capital & Other Investments | $1 billion | Diversified investments in technology, venture capital, and other entrepreneurial ventures |
Breakdown of Wealth Sources
Robert Plaster’s net worth was built on business ventures, investments and real estate. His ability to grow and diversify his wealth was key to his being a big time businessman and philanthropist. Below is a breakdown of Robert Plaster Net Worth.
Gas Industry Profits
Empire Gas Corporation was the bread and butter of Robert Plaster Net Worth. Through acquisitions and expansions the company dominated the propane distribution market in several states.
Real Estate:
Plaster’s real estate investments were significant and added to his diversified portfolio. This included properties and developments in various areas.
Investments:
Beyond his core business Plaster invested in other areas, venture capital and technology. These investments added to his net worth.
Business Ventures and Achievements
Robert Plaster’s business went beyond Empire Gas, he was in real estate and venture capital. His love for free enterprise and entrepreneurship was a big part of his legacy. Robert Plaster Net Worth is all of the success he had through all his ventures, his impact on business and economy. Here’s a look at some of his major ventures and accomplishments.
Empire Gas Corporation
Founded in 1963 Empire Gas acquired 81 other LP gas companies and built bulk plants in 24 states. Under Plaster’s leadership it became one of the largest retail propane distributors in the country. But the company also faced antitrust lawsuits during its expansion.
Evergreen Investments LLC
Beyond Empire Gas Plaster founded Evergreen Investments LLC which focused on real estate and venture capital. This solidified his reputation as a savvy investor.
Free Enterprise Advocate
Plaster was a big believer in free enterprise. He co-founded and supported organizations like Students in Free Enterprise (now Enactus) which helps students develop entrepreneurial skills and get economic freedom.
Robert Plaster Career Milestone
| Year | Milestone | Details |
|---|---|---|
| 1930 | Born in Neosho, Missouri | Grew up during the Great Depression, instilling a strong work ethic from a young age. |
| 1940s | Began working at age 10 | Supported his family after the death of his father. |
| 1950s | Worked for the U.S. Treasury Department | Served as an IRS field agent for four years. |
| 1950s-1960s | Worked for a propane company in Lebanon, Missouri | Gained industry experience before starting his own business. |
| 1963 | Founded Empire Gas Corporation | Started with $25,000 of his own money and $2.5 million in loans, building it into a major propane distributor. |
| 1970s | Legal challenges | Faced and was acquitted of antitrust and bombing allegations related to Empire Gas operations. |
| 1983 | Established the Robert W. Plaster Foundation | Focused on supporting education and promoting free enterprise. |
| 1990s-2000s | Diversified investments | Expanded into real estate, venture capital, and other sectors to grow his wealth. |
| 2008 | Passed away | Left behind a legacy of business success and philanthropy that continues to impact communities |
Robert Plaster’s Family Life
Beyond his business success, Robert Plaster was a devoted family man. His wife and kids were a big part of his life and have carried on his legacy. The Plaster family is still actively involved in business, philanthropy and community development. Here’s a look at his family and what they’ve been up to.
Robert Plaster Wife and Kids
Robert Plaster was married to Mary Jean Plaster who was his partner in life. Together they had four children: one son, Stephen Plaster and three daughters, Cheryl Plaster Schaefer, Tammy Plaster Brown and Dolly Plaster Clement. The family lived in Lebanon, Missouri where they were very involved in the community.
- Mary Jean Plaster – Passed away in 2009, a year after Robert’s passing.
- Stephen Plaster – Followed in his dad’s footsteps and took on leadership roles within the family business and continued the Empire Gas Corporation legacy.
- Cheryl Plaster Schaefer, Tammy Plaster Brown and Dolly Plaster Clement – Have also been involved in carrying on their dad’s philanthropic and business legacy.
What Happened to Robert Plaster’s Son?
Stephen Plaster has been running and growing the family business since Robert passed away. With a business administration degree from the University of Missouri, Stephen has held various leadership positions at Empire Gas Corporation including Senior Vice President of Marketing. He’s also been on the board of directors for Empire Pipeline and involved in other business ventures tied to the family legacy. Stephen is keeping his dad’s values and vision alive through both business and philanthropy.
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Conclusion
In summary Robert Plaster net worth in 2025 is $5 billion the founder of Empire Gas and a business man. He gives back to the community through big donations to educational initiatives and community projects that have impacted so many lives. The Plaster Foundation scholarships and university donations shows his commitment to education and leadership development. His investments in community development including funding for infrastructure and local economies shows he believes in strong communities. As we look back at his legacy it’s clear his family and foundation is continuing his mission. We encourage you to follow his lead and invest in education and community growth for a brighter future for generations to come.
FAQ’s
Who was Robert Plaster?
Robert W. Plaster (1930–2008) was an American businessman and philanthropist, best known for founding Empire Gas Corporation, one of the largest propane distribution companies in the United States.
How much was Robert Plaster net worth when he died?
At the time of his death on October 11, 2008, Robert Plaster net worth was estimated to be between $50 million and $200 million.
How did Robert Plaster die?
Robert Plaster passed away on October 11, 2008, at the age of 78. He died of natural causes at his home near Lebanon, Missouri, as confirmed by Laclede County Coroner Steve Murrell.
