Bill Holtzman Net Worth 2026: Founder of Holtzman Oil Corp.

No reputable outlet has published an estimate of Bill Holtzman's net worth. The $152 million figure that earlier versions of this page carried had no source, so we have removed it. What is on the record is the business behind his wealth: Holtzman Oil Corp., the fuel distributor he bought into in 1972 in Mount Jackson, Virginia, which now supplies more than 150 gas stations and sits inside the wider Holtzman Corp. group, according to Virginia Business.

What is Bill Holtzman's net worth?

There is no published estimate from Forbes, Bloomberg, Celebrity Net Worth or any other outlet we trust. Holtzman Corp. is privately held and does not report revenue or profit, so any precise number for its owner is a guess.

What can be said is that his money comes almost entirely from the family company: fuel distribution, propane, heating oil, ice manufacturing, leased convenience and fast-food sites, and an in-house construction arm. The Daily News-Record reported in 2022 that the group employed about 390 people and owned more than 135 convenience and fast-food locations that it leases out. That is a large regional business, but its value has never been disclosed.

Yearly income and salary

His salary, dividends and yearly income are not public. The previous version of this page listed a $5 million yearly income, $416,000 a month and $13,000 a day. None of those numbers came from a source, and we have taken them out rather than repeat them.

A few money facts are public. Campaign finance records compiled by the Virginia Public Access Project show $150,000 in donations from him to Spirit of Virginia, a Republican committee, made in four gifts between June 2022 and March 2025. VPAP lists his industry as fuel distributor and home heating oil and his employer as Holtzman Oil Corp.

How Holtzman Oil started

Holtzman grew up in Mount Jackson in Shenandoah County. According to the Daily News-Record, his first ventures as a boy were building picnic tables to sell for $25 each and mowing lawns for $1 a yard. His father and uncle ran a local business, Valley Fertilizer, and he expected to join them after college.

Instead he spent 11 years in the apple business, working for T.B. Byrd and U.S. Senator Harry F. Byrd at Turkey Knob Orchards in Mount Jackson, where he rose to the No. 2 position. In the early 1970s he spent about a year quietly negotiating to buy Nelson Oil, a local distributor whose owner had died. He first had to persuade Gulf to accept him as a distributor, then convince the estate to sell.

He financed the purchase with a $37,000 bank loan, secured partly by his Thunderbird convertible, plus $5,000 of his own savings. Virginia Business names the lender as First Virginia Bank. He kept his orchard job for a while and built the oil company on nights and weekends.

Career timeline

• 1959: graduates from Virginia Tech (Virginia Business).
• 1960s to early 1970s: 11 years at Turkey Knob Orchards.
• July 1972: starts Holtzman Oil Corp. with five employees, three oil trucks and one pickup. The first calendar year produced a profit of $18 on less than a million gallons sold (Daily News-Record).
• 1997: the company adds a propane division, later run by his son Todd out of Strasburg.
• 2005: Virginia Tech opens the Holtzman Alumni Center, named for him, next to the Inn at Virginia Tech (Virginia Tech News).
• 2022: the company marks 50 years with an open house; staff has grown to about 390.
• 2023: appointed to Virginia Tech's Board of Visitors.
• July 2024: Mount Jackson declares July 9 "Bill Holtzman Day" (WHSV).
• 2025: named one of Virginia Business's Living Legends.

What Holtzman Corp. does today

The group sells gasoline, diesel, heating fuel, propane and lubricants. Around that core it offers HVAC installation and service, runs a truck and auto repair shop, and operates Valley Ice, an ice manufacturing and distribution business. Its construction company builds most of the convenience and fast-food sites the group owns and leases. WHSV described Holtzman Oil in 2024 as one of the largest oil companies in the region, with more than 300 employees.

Holtzman told the Daily News-Record in 2022 that the business was growing about as fast as it ever had, and that he still came into the office almost every day. He said he had given up golf because it kept him away from work.

Education

This page previously said he earned a degree from Wesleyan University and a master's degree. We found no support for that. Virginia Business reports that he graduated from Virginia Tech in 1959, and the university has named its alumni center after him. We also removed an unsourced claim about a business scholarship fund.

Philanthropy and public roles

Most of what is documented about his giving involves Virginia Tech. Besides the alumni center, he chaired the university's $1.11 billion fundraising campaign that closed in 2011, and a 2014 Virginia Tech News article said he gave generously toward renovating the Steger Center, the university's facility in Riva San Vitale, Switzerland. He served on the Board of Visitors then as well, and was appointed again in 2023.

In the Shenandoah Valley he has served on the Shenandoah County School Board, the Shenandoah University board and the Mount Jackson Town Council. At the state level he sits on the Virginia Growth and Opportunity Board, the 24-member body that oversees the GO Virginia regional councils and awards economic development grants. When the town honored him in 2024, local officials pointed to his philanthropy and community leadership, and WHSV noted his work on health care and education boards.

Family: is Jill Vogel his wife?

No. The old version of this page called Jill Vogel his wife, which is wrong. Jill Holtzman Vogel is his daughter. The Winchester Star identifies her father as Bill Holtzman, founder of the Mount Jackson-based Holtzman Corp. She is an attorney who founded the law firm Holtzman Vogel and represented the 27th District in the Virginia Senate from 2008 to 2024; Wikipedia lists her husband as Alex Vogel.

His son Todd Holtzman is general manager of Holtzman Propane and runs Valley Ice, according to the Daily News-Record. We have not found a reliable source naming his wife, so we do not name one here.

Age and height

His exact date of birth is not published. The Daily News-Record gave his age as 85 in July 2022, which puts him in his late 80s in 2026. It also said he was 35 when he started the oil company in 1972. His height and weight are not publicly documented; the 5 feet 6 inches and 90 kg on the earlier version of this page had no source.

Contact details

We do not publish personal phone numbers or addresses. The business can be reached through the official Holtzman Corp. website at holtzmancorp.com.

Net worth compared

Other fuel and energy business owners profiled on this site include Benny Magness of Magness Oil and oilfield businessman Art Guttersen. You may also want to read Brad Bradshaw's net worth and Bill Race's net worth.

Why there is no reliable figure

Private family companies rarely disclose sales, profit or ownership, and Holtzman Corp. is no exception. Known facts point to a substantial fortune: 50-plus years of ownership, about 390 staff, more than 135 owned real estate sites and a naming-level gift to Virginia Tech. But turning those facts into a dollar figure would mean inventing one. Until a publication such as Forbes or a regional business journal reports an estimate with its method, the honest answer is that his net worth is unknown.