Since bottling its first Pale Ale in 1980, Grossman's Sierra Nevada Brewing Company has grown into the third largest craft brewer in the United States, and the seventh largest beer producer in the country.
His personal wealth is now estimated at $1.1 billion, according to Forbes.
Schooled in the art of making beer from an early age, Grossman's first taste of business came in his early twenties when he opened a home brew store in Chico, California in 1976. His own beers soon caught people's attention.
Three years on, he launched Sierra Nevada Brewing, named after his favorite hiking spot in the nearby mountains.
Back then, large breweries dominated the U.S. market, producing mainly lagers.
"In 1980, there were roughly 45 companies making beer," Grossman says. "It was pretty much the low point in the U.S. brewing industry after prohibition."
Since then, the U.S. craft beer scene has exploded.
There are now more breweries in the U.S. than ever before, and annual craft beer retail sales are worth about $22.3 billion, or roughly 12% of the market. The number of breweries operating in the U.S. grew 15% in 2015, with 620 opening and 68 closing, according to the Brewers Association.
And Sierra Nevada has seen growth to match. It now produces 1.2 million barrels of beer annually from its two breweries.
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