📺 Stream EntrepreneurTV for Free 📺

Meet the Newest Member of the Billionaires Club: Sam Adams Creator Jim Koch Jim Koch, who built the Sam Adams brand from a small microbrewery into the second-largest American brewery, has landed on the Bloomberg Billionaires Index.

By Ray Hennessey Edited by Dan Bova

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Jim Koch has entered an elite crowd.

Koch, founder of Boston Beer Co., has been an articulate voice for entrepreneurship, building the Sam Adams brand from a small microbrewery into the second-largest American brewery. Along the way, he's taught folks a thing or two about marketing, with his folksy approach and commitment to quality.

Now, according to Bloomberg News, he has joined the billionaires club for the first time, landing on the Bloomberg Billionaires Index.

Koch, in his typical way, seems like the added zero to his net worth hasn't changed him.

"I remind people getting rich is life's great booby prize," he told Bloomberg. "Any normal person would much rather be happy than rich."

Koch is full of wisdom, so we've revived his best advice from an interview with Entrepreneur.com earlier this year.

Click here to read Jim Koch's interview with Entrepreneur.com

Ray Hennessey

Former Editorial Director at Entrepreneur Media

Ray Hennessey is the former editorial director of Entrepreneur.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Leadership

How to Harness the Power of Authentic Storytelling to Become a More Effective and Inspiring Leader

Storytelling enhances business leadership by inspiring a culture of authenticity and trust through sharing relevant personal stories.

Business News

Red Lobster Suddenly Shutters Dozens of Locations Without Warning Employees, Begins Auctioning Off Equipment

It's estimated that nearly 99 locations have been closed across 27 states, and restaurant paraphernalia is up for auction online — including tanks with live lobsters, furniture, ovens, refrigerators, bars, and more.

Franchise

'Not What Anybody Signed Up For': A Legal Expert Weighs In on the Labor Rule That Could Destroy Franchising

'Entrepreneur' spoke to labor attorney Jim Paretti to unravel the status of each of the legal challenges to the expanded Joint Employer Rule — and find out what comes next.

Business News

OpenAI Chief Scientist and Cofounder Ilya Sutskever Leaves AI Giant for Personal Project

Sutskever co-led the superalignment team at OpenAI, which ensures that AI follows what humans want it to do even as it gets smarter.

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Starting a Business

How Much Capital Does Your Startup Need? Here Are 7 Key Factors to Consider.

Here's what you need to assess when determining the amount of capital your startup needs — and how adequate funding can enhance your chances of success.