Ken Hendricks

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Kenneth J. Hendricks (born Janesville, Wisconsin, ca. 1941) is a businessman and current resident of Beloit, Wisconsin who grew a shingle supply company into a $2.6 billion fortune and a spot on the Forbes 400.

Hendricks was a high-school dropout who joined his father in the roofing business, reshingling houses on weekends, and starting his own firm which grew into a 500-man multi-state operation by 1971, a time when most roofers were still local. After selling off that business to have more personal time, he started ABC Supply, which has become the largest U.S. wholesaler of roofing supplies, with annual sales approaching $3 billion. Hendricks remains the sole owner, and was added to the Forbes 400 in 2004. In 2006, with his personal wealth estimated at $2.6 billion, Hendricks was added to the Forbes list of the world's billionaires.

Hendricks also owns the Beloit Plaza mall and the former Beloit Corporation manufacturing complex, much of which has been completely redeveloped.

In 2001, Hendricks was cited for exceeding the state's campaign laws mandating a $10,000 limit on political contributions. No legal action was taken.[1]

Hendricks and his wife Diane own and run several other companies through the Hendricks Group. Hendricks is known for his interest in green building technology, and will build an environmentally friendly roof for a complex at the 2008 Summer Olympics in Beijing. As of 2006, Hendricks has been involved in efforts to build a new stadium for the Beloit Snappers minor-league baseball team, and is the developer of a residential plat in Janesville.

In 2006, Inc. named Hendricks its 2006 Entrepreneur of the Year award[2] and he was featured on the magazine's cover[3]. Inc. had ranked ABC Supply its #1 Inc. 500 business in 1986, after which it was too large to list.

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