Randy Ringhaver • Net Worth $400 million • House • Yacht • Private Jet • Ring Power Corporation

Name:Randy Ringhaver
Net Worth:$400 million
Source of Wealth:Ring Power Corporation
Born:Dec 6, 1947
Wife:Paula Ringerhaver
Children:Bree Ringhaver
Private Jet:(N631RP) Bombardier Challenger 350

Who is Randy Ringhaver?

Randy Ringhaver, born on December 6, 1947, is the eminent founder of the Ring Power Corporation. Married to Paula Ringhaver, he has made a significant name for himself in the heavy machinery industry.

Key Takeaways:

  • Randy Ringhaver, the founder of Ring Power Corporation, was born on December 6, 1947, and is married to Paula Ringhaver.
  • Ring Power, founded in 1962, is the largest Caterpillar dealer in South East Florida, boasting sales of over $1.5 billion annually and employing over 2,000 individuals.
  • The corporation specializes in selling, servicing, and renting construction equipment, generators, forklifts, cranes, and agricultural machines.
  • Ring Power Lift Trucks, the material handling division, offers forklifts, container handlers, large pneumatic forklifts, and narrow aisle electric forklifts.
  • Randy Ringhaver’s estimated net worth is around $400 million, reflecting his successful entrepreneurial journey.
  • He is the owner of the luxury yacht Carson

Origins and Growth of the Ring Power Corporation

Ring Power, founded by Randy Ringhaver in 1962, has grown to become the largest Caterpillar dealer in South East Florida. This powerful corporation has flourished under Ringhaver’s leadership, with annual sales exceeding a whopping $1.5 billion and employing more than 2,000 individuals.

Ring Power Corporation specializes in selling, servicing, and renting an array of construction equipment, including generators, forklifts, cranes, and agricultural machines. Their extensive product range caters to a variety of industries and applications.

Ring Power Lift Trucks: The Material Handling Division

In addition to the primary operations, Ring Power Corporation also runs Ring Power Lift Trucks – the material handling division. This division is dedicated to providing solutions for warehouse needs, selling a range of products from forklifts and container handlers to large pneumatic forklifts and narrow aisle electric forklifts. Their comprehensive selection ensures that every material handling need is met with efficiency and precision.

Estimated Net Worth of Randy Ringhaver

The entrepreneurial journey and relentless dedication of Randy Ringhaver have resulted in him amassing an impressive net worth, estimated to be around $400 million.

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Randy Ringhaver

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Randy Ringhaver Yacht

He is the owner of the Newcastle Marine yacht Carson and the sport fisher yacht Bree, named after his daughter.

The Carson Yacht, built in 2015 by Newcastle Marine, was designed by Murray & Associates L.L.C.

This motor yacht is powered by robust Caterpillar diesel engines, offering a max speed of 12 knots and cruising speed of 10 knots, with a range of over 3000 nm.

Luxuriously accommodating up to 10 guests and a crew of 10, the yacht Carson epitomizes comfort and elegance.