Maggie Magerko

About Maggie Magerko

Birth Year: 1964
Birth Place: Belle Vernon, Pennsylvania, United States
Occupation: Businesswoman
Known for: owner of 84 Lumber and Nemacolin Woodlands Resort
Spouse(s): Peter J. Magerko
Children: 1 son
Parent(s): Joseph A. Hardy III

Maggie Magerko Net Worth

Maggie Magerko was bornon 1964 in Belle Vernon, Pennsylvania, United States. Maggie Magerko, owner of building materials giant 84 Lumber, almost went broke in the Great Recession and has mounted a stunning comeback since, bringing her company back from near-bankruptcy and her net worth back from near-zero. The recovery of the housing market has a lot to do with her comeback, but smarter management has been critical as well. Before the recession, Magerko levered up the company and expanded its store base as quickly as possible. When the market collapsed, she had to close half of her 500 stores. Now she is committed to running a leaner operation with fewer stores, located in more strategic locations. Magerko learned the lumber business from her father Joe Hardy, who started 84 Lumber in 1956. Famously frugal most of his career, Hardy eventually splurged on a lavish resort in rural Pennsylvania, complete with a mini zoo, collection of vintage airplanes, slab of the Berlin Wall, and a hotel modeled on the Ritz in Paris.
Maggie Magerko is a member of Service

💰 Net worth: $1.3 Billion

2009 $1.05 Billion
2010 $1 Billion
2015 $1.2 Billion
2016 $1.8 Billion
2017 $1.3 Billion
2018 $1.3 Billion

Some Maggie Magerko images

Biography/Timeline

1992

In 1992, she married Peter J. Magerko, a former member of the Marine Corps and the Pennsylvania State Police, and they have one son together. In September 2017, she filed for divorce.

2017

Magerko helped develop 84 Lumber's 2017 Super Bowl commercial, which stirred controversy before airing for featuring a border wall separating a mother and child from presumed freedom, following their visibly arduous journey to it. The wall was deemed too political by Fox and so was edited out for broadcast, effectively censoring the ad. The Washington Times reported that she "says she’s a staunch supporter of President Trump and his proposed U.S.-Mexico border wall" and that "Mrs. Magerko said she personally helped develop the commercial but said her politics had nothing to do with its message."