Larry Potterfield Net Worth: Does Potterfield own Midway?

Nitro Express Shipping, a key component of MidwayUSA’s customer-centric approach, exemplifies the commitment to providing super-fast, low-cost shipping. Founder and Chairman of the Board, Larry Potterfield, takes pride in the extensive efforts invested to ensure same-day shipping and affordable delivery. Join Larry on a tour of the Nitro Express facility as he shares the dedication to enhancing the customer experience.

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Larry Potterfield Net Worth 2024

Estimated Larry Potterfield net worth of $2.4 billion (Forbes).

MidwayUSA’s growth, reaching around $5 million in business by 1987, led to the removal of restrictions on shipping to FFL holders only.

The enactment of the Volkmer-McClure law in 1987 paved the way for MidwayUSA to sell directly to consumers.

Larry Potterfield Education

• Bachelor’s degree in Business Administration from the University of Missouri, Columbia.
• Master’s degree in Management from the University of Arkansas, Fayetteville (1974).

Larry Potterfield Military Service And Impact

• Served six years in the Air Force, joining in 1971.
• First duty assignment at Blytheville Air Force Base, Arkansas.
• Larry’s time in the Air Force introduced him to skeet shooting and pivotal figures like George Spence, a knowledgeable source in guns, reloading and bullet casting.
• The camaraderie with Truman Wilson and obtaining a Federal Firearms License played a role in Larry’s business expansion in the firearm venture.

Larry Potterfield Social Media

• Larry Potterfield
• Larry Potterfield

Larry Potterfield Career MidwayUSA And Ely Arms

• The establishment of Ely Arms, Inc., in Columbia, Missouri, marked the beginning of the journey, catering to both shooters and hunters.
• Founded MidwayUSA in 1977, initially as a small shop in Columbia, Missouri.
• In 2009, MidwayUSA won the Malcolm Baldrige National Quality Award.

Nambu Project and Product Diversification at MidwayUSA:

8mm Nambu Ammunition Project:

• Initiated due to surplus police ammunition in caliber 30 Remington.
• Played a key role in the establishment of MidwayUSA.

Collaboration with Starline Brass

• Partnership resulted in the production of 357 Magnum brass.

Plastic Ammo Box Line

• Originated when introduced by Gilbert from Berry’s Bullets for 357 Magnum.

Computerization and Technological Evolution

• Embraced computerization in 1982.

Larry Potterfield Philanthropy

Donated over $100 million to various charities, including the National Shooting Sports Foundation, NRA and Conservation Federation of Missouri.

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Larry Potterfield Awards And Recognitions

• Received Peter Hathaway Capstick Hunting Heritage Award and Golden Bullseye Pioneer Award with his wife (2017).
• Received John L. Morris award from the Association of Fish & Wildlife Agencies with his wife (2016).
• Received C.J. McElroy Award from Safari Club International with his wife (2018).
• Received Entrepreneur Of The Year Central Midwest Award from Ernst and Young (2012).

Larry Potterfield Wife And Kids

Married Brenda Potterfield in 1970.

Children:

Larry and Brenda have two children.

Larry Potterfield Quotes

“I’m not afraid of bears, and I’m not afraid of dying.”

“America is first in freedom, first in democracy, first in education and productivity, first in ethical conduct and first in generosity.”

“We passionately believe in and support the conservation of wildlife and its habitat for the benefit of future generations.”

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