To this day you still see some of my wooden hand guards that people think are original and Im the only guy who knows that theyre not. Net Worth Age Country; 1 Kanye West $1.8 Billion: 43 United states 2 Jay Z $1.4 Billion: 51 United states 3 Sean Combs - Diddy $885 Million . When he first heard about it, [the Army was] basically developing a rifle and grenade launcher. I remember one day I was up at Beltsville, the Secret Service facility, and these guys came over and said, Listen, we need you to go talk to somebody, and I said, Okay. So we went into this room and we sat down and this guy was there chomping on a cigar, and hes sitting there looking at me, and he said, Listen, he said, I understand youre doing some work for my buddy, Marcinko, and I said, Well, yeah, I have. He said, Well, I really want you to come to work for me. And I said, Okay, I guess I could. What I know about, though, I know a lot about. Being in the citrus grove business, wed hunt rabbits, squirrels and varmints. 2023 . It extended back over the barrel. Kevin Dietsch/Getty Images.

So little does he know that those guns ended up being worth 10 times what we ever got paid for the deal . Fly had started working for Special Operations Group Two, which was basically the early WarCom.

Knight:I had bought a B&K 2209 sound meter from Don Walsh (Larand).

1. SAR: Reed, here we are in the early 1980s, and youre running a bunch of different, diverse businesses that dont have much connection to each other.

That was how I got started in Class 3, and that was probably in 73. Id like to show you this, and Id like for you to build it, and I remember meeting there at Colt, and Rob Roy said, Is there a requirement for this? I said, What do you mean by requirement? He said, Does the government have a need for this? I said, Yeah, they have a need for it. He said, Well, is there a written requirement? I said, They dont even know they dont have this yet, but there is a need for it. So he said, Well, you go get a requirement for this and well build it for you. I said, If I go get a requirement for this, Im not gonna need you. I told him I really like guns, says Knight, and he said, Well then you better make that your living.. One proof round shortens the life of the bolt and every rifle gets proof tested. His father told him hed better figure out something he really liked to do, because hed be married to that job for the rest of his life. Im the best deal they can get!

Caribou Media West, LLC Dont we have process controls that prevent these kinds of mistakes now? That was much earlier than 1986. We have found that that $39 vertical pistol grip that we put on your gun increased the hit probability for every soldier type, experienced soldiers, non-experienced soldiers, all types of shooters, significantly more than the whole $32 million that we spent on the ACR program. The $39 piece that they added to the M4 and the M16 increased the hit probability more than all the training and testing they did with spending and development on the Advanced Combat Rifle. The amount of movement on the trigger would rotate the cylinder and cock the hammer and get everything locked up, and then youd break the hammer, and it was very accurate. Its not all good times though. We developed the RAS, and spent another $250-300,000 developing that product. I threaded in the barrels and put their silencers on Beretta 92s and solved that problem. Knight:I met Don in the mid-70s, probably around maybe 76, 77. We have been able to take the ideas and the needs of a customer, and take those needs and to build solutions to those needs. $3 Million Date of Birth: Oct 19, 1932 - May 12, 1992 (59 years old) Place of Birth: Highland Park Gender: Male Height: 6 ft 2 in (1.9 m) Profession: Actor Nationality: United States of America . C REED has 1 job listed on their profile. I built a few extra; I probably sold 100 other than that on the civilian market, and they were all stainless steel. And would you charge me more for it?

We didnt have any drawings to work from. {Laughter}. It wasnt wealth, though his family provided him with love and comfort. Net Worth: $67 B . They see this is an opportunity to get products they wouldnt normally be able to get because when were working for the domestic market theres just no time to fill their needs. We used the same steel bushings, everything was the same.

I was good friends with them when they first started off building guns. RKj: Yes, everybody is much better educated so you lose your knowledge base advantage because everybodys now an expert. I said, I see that you government people are like a lot of Democrats, and youre socialists. Reed is married to his high school sweetheart Jan, whom he married in 1967, and they have four children; oldest son Trey, middle son Jacob, youngest son Will, and daughter Sarah, ranging in age from 21 to 38. I guess that would be in 1986 or so. I only built about a dozen and all went to the government except my keepers. My first contract with the government was around 1974 when the government had wanted to fix the Stoner 63s, putting a block in the front of the trigger, and I took and built a little dust-cover for the Stoner 63 for all the guns. SAR: When was the first time you saw a sound suppressor, a silencer for a firearm? The Vietnam War was still going on, but it was winding down. As has been noted before, theres a difference in a sale and a Contract. This was a full size Contract. This was the Navy Model, from Knights Armament Company. Its guy logic, all those things were a natural for working on engines.

I researched all the companies that won the previous five bids. 100 Stoner 63As, some Steyr AUGs, some HK trigger packs, a few M134 Miniguns, and even some Remington 1100 machine guns in 12 gauge. And that was what I brought to the table. That Houston show was the classic of all classics, our favorite at the time.

Out of the five companies that bid them, four of those companies have since gone bankrupt. Of course all the books having all the different rare quarters and filling them all through was exciting.

I did a real good job of copying Cadillac Gages work. His family moved to Florida before he was a month old allowing him to claim he didnt have time to be corrupted into a Northerner. Knight:I actually worked there too, that was my day job. The material they built the wipes out of, there were big sheets of that, and they made them destroy that. Camaros, Firebirds, Mustangs and the little Ford Cougars, they would all race the day before the Grand Am, before Richard Petty, A.J. Especially on products like the Hushpuppy-type suppressor, because the sound is over such short period of time, but the peak of that sound is higher. Initially, he is thought of as a copy of Batman, but as time passes, Moon Knight offers an interesting story in his comic. Our combined experience with sound level testing led us to choose the 2209 meter with that particular microphone because of the very fast rise time, and for the high sound pressure levels with firearms. Knight:Yeah, they included the tooling and everything else in the deal we did. Back then that was the Knob Creek of the machine gun community. Mike Lookinland is an American actor who has a net worth of $2 million. I guess it sets the stage for where we were. Im not well-rounded. Most of those 9mm MACs went overseas. America was attacked as Knights Armament Company continued to grow. Looking at how machine gun values went, I still like to tell everybody that I see that knows Pedro that Pedro cost me my first $1 million, because I couldve bought $50,000 worth where I only ended up buying $11,000 worth. My dad is like that, also. Lets get the fuse perfected and then determine how much better performance we can get when firing out of defilade. I was collecting to try and get one of each and condition wasnt too important at that time. I have crossed over in the communities, looking for balance and diversity to get companies through the hard times. Nothing really caught me about it except that it was affordable and it just looked like something fun to shoot. In the 40s and 50s, that was real common.

Knight:Youre correct. They had used those extensively in Vietnam, and theyd brought back all the stuff, but the guns werent supportable because the factory wasnt building any of the new parts.

After serving six years in the National Guard, enjoying a decent run racing cars, even making it to the national Stock Car circuit, running a garbage company, and starting his own police supply store, Knight eventually founded Knights Armament Company in Vero Beach, Florida, in 1982. All rights reserved. Some of these I altered for slidelocks and suppressors. RKj: Id probably have to.

Knight:Yes. But, more importantly, I have real heartburn that you called me a Democrat.. I suggest you go find yourself a job that you like doing because youre gonna be spending a lot of time at it. {Laughter} He was pretty close to on-target with me.

Knight:Thats affirmative. Around 1974-5, I was doing my police combat shooting, and I was involved with the Secret Service teams. And the first proof round you shoot isnt going to cause a catastrophic failure.

OK, we can fix that. They call on the phone and talk to someone and say its fixed. The 454 acres of land surrounds a 625,000 square-foot building thats home to all of Knights ventures, including the Institute of Military Technology, perhaps the largest privately held collection of small arms in the world. It was one of the InterArms mismatched guns with wire wrapped around the buttstock to hold the buttstock together. Jeff Bezos earned his fortune as the founder. One of the guys from Secret Service had gone to SEAL Team Two, and they showed him these Stoner belt-fed machine guns that were inoperable, and he said, Well, I know a guy down in Florida that works on those and has some parts and pieces, and you need to call him. SEAL Team Two called me and wanted me to go up to see what they had. When did you realize you have an aptitude for business? I had a very early semiautomatic AR-15; a three-digit serial number Colt Model SP-1. I was such a low denominator and so low on the food chain in these deals. I called him and I said, Is this the Gene Stoner that worked for Cadillac Gage? And he said, No, this is the Gene Stoner that worked as a consultant for Cadillac Gauge, and I said, Well, Im repairing some of the Navy SEALs guns, and Im looking for parts and pieces, and is there any way that I can get any parts? He said, I have all that stuff, but Im down here in Florida. At that time there was SEAL Team Two, SEAL Team Four. I built cars in high school.

Wed find parts and pieces, and then we would finish them up or try to make them work. Theyll walk right into the factory. Ive been at Colt; Ive got the guns from Colt; Ive got the stuff. So, whats going to fill that gap?

Right after the 1986 law change banning manufacture of machine guns for private ownership. Ron Martin bought all the MAC11 .380s which went for $50 each and InterArms bought almost all of the 9mm MACs. Maybe the side of my brain thats mechanical overrides the side of my brain that does the reading and the spelling and the other side. C. Reed Knight, Jr.: Funny story. RKj: I dont know enough about the commercial market. Experienced shooters knew how to hold the gun, knew how to shoot and what have you. So, Stoner gets there in the room with me, and he says Colts never going to pay us because they havent paid him yet for the M16.

These were all Italian pistols. They wanted certain types of guns and certain types of ammunition, and I was kind of a go-to guy to get things for them. RKj: To my knowledge, I dont think any had stainless slides.

Its not as simple as just putting in a heavier bullet. Well go in with a pretty high number hoping well get that. And they agreed to that.

The hard guns to get were the snub noses. And theres definitely some slack time now. He was a little jaded. I was an FFL dealer, doing business, but I was also working towards the collection that was my passion.

In the middle of the thing, I get in there and say, Besides this, were going to hold your feet to the fire, because you havent paid for the M16s., They say, What do you mean we havent paid for the M16s?. Im sure somebodys thinking about it. C. Reed Knight, Jr. grew up with one major advantage. He collected tools, coins; he collected all kinds of things.

View C REED KNIGHT JR'S profile on LinkedIn, the world's largest professional community. Reed Knight net worth is believed to be more than a couple of million dollars, according to Forbes and business insiders. RKj: I called him up on the phone one day and said, Eugene Stoner? He said, Yes? I said, Im a guy, a gun nut.

SAR: You do have a tremendous passion for the history and technology of military small arms. Do you have a hobby? Save my name & email in this browser for the next time I comment.

All of those things, when you define them, and we all started using the same ruler to measure something it became so subjective so we could accurately understand the effects of our suppression techniques. I didnt have an FFL yet. phillip steven brandenburg.

OK. [Crosses fingers] Wed never do that.

So, why are we still proof testing every gun? Of course Mitch was walking around and just having a ball because the auction had all gone off so well and he was at odds with Military Armament Corp. Mitch had his M134 Minigun for sale at his house for $600, just the receiver, and I passed on that because I figured I could never get the parts. Best known for his role as Bobby Brady on the ABC series "The Brady Bunch" (1969-1974), Lookinland began his professional . Back then I didnt know enough to complain. Knight is no figurehead; he spends his days working in the factory. SAR: Did you keep any for bookends? We were carrying it down the steps, and he was in front and I was in the back, and he tripped, and the motor cart-wheeled down the staircase and landed upside-down in the middle of my mothers living room and the oil ran out and ruined her carpet.

He felt like the industry had somewhat given him a raw deal. They currently produce a variety of firearms, specifically AR-15 rifles.

the network aired a tape of an Indiana practice from 1997 that appeared to show Knight choking Reed. This was when McDonnell Douglas and Boeing merged and this became a surplus piece of property for Boeing, so they agreed to sell it to me. Carrying guns and ammo to Little Creek in the back of that same old Dodge van I had, pulling a U-haul trailer behind it filled to the top with guns, and getting there and dropping them off in this warehouse in Little Creek, Virginia, walking over to this other warehouse and a guy handed me a check, then Id leave and go back home to Florida. {Laughter}. Did you have trouble in school? It was basically a mechanical heaven. Knight spent his twenties racing cars, reaching the national level during the early days of the NASCAR circuit. Trey:Hey! I had to put the motor back in my street car, under duress. She died at 93. To me, you could go back and put the springs in it like I designed it, and the guns a pretty nice gun if it has the right springs in it and the right finish inside the parts.

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It was a total disaster. After they put the pole barns up, I would get some tables with friends and go there to shop for firearms and parts we needed, and sell some Stoner 63s. Source of wealth: Microsoft.

I saw the end of the machine gun world coming and like everyone else I built whatever I could. SAR: How can you tell the difference between those forends?

We all piled in the Dodge van and drove up to Port Clinton, Ohio, and we met Mr. Stoner. I went all over the country finding parts and pieces, and getting guns and things that they could use to do their job. So I make him an offer. Reeds companies are some of the amazing success stories of the small arms world, having grown to the point of employing over 300 people today in the manufacture of weapon systems and accessories that Reed has invented and put into production. Never heard of her. Broken bones: Wrist. We used to make dune buggies and head down to the beach and go hunt turtles on the east coast of Florida. RKj: Anyway, weve been proofing guns and receivers since 1903. Jeff Bezos Net Worth $144 Billion Jeff Bezos is an American philanthropist, businessman and space explorer who has a net worth of $144 billion. I guess nobody has big enough balls to go against the system. Christopher Knight is an American actor, producer, and businessman who has a net worth of $10 million dollars. What was your first firearm that you remember?

I enjoyed that, and I worked on the guns. There were plenty of guys with machine guns, and theyd go out and shoot them at ranges, and before 1968 if you made the gun where it would not shoot automatic, then it was considered not to need registration. I think it was a company called Swift Shops that did that later as they were going to export MACs and no threads for silencers were allowed. The interesting part is the ATF just came along and confiscated what they wanted for downtown, and I had gotten some of the really nice, consecutive serial numbered, high polished blue MAC 10s and MAC 11s. Remember, not only myself, but there were no police officers that even thought about carrying automatics. But I do see the commercial market helping us keep the machines busy when theres slack time. One day, I said to myself, Theres got to be a bigger stash of parts somewhere. These didnt just to dry up.

The plastic frames had problems. In my first year of college I was on the ROTC rifle team where we used .22 caliber Remington 52s. RKj: Theres so much going on right now the government wants a gun right now to replace the M249 that fires full auto with a group size of less than one minute of angle. You must be kidding?

Knight:It was great. I built flashlights that went underneath the rifle, and vertical pistol grips. On another note, one of the RPB (Robie, Pitts & Brugeman, the next manufacturers of the MAC series) guys had been the shop foreman for Military Armament Corporation.

After that, I got an FFL and paid the Class 3 Stamp. Thats right! I had heard that this guy by the name of Eugene Stoner had a house in Florida. What is it that you have in mind that youre going to mount to this? I said, Well, like maybe a laser, and he looked at me and he said, Yeah, in 1958 I was thinking about a laser. {Laughter} I said, I guess youre right, you didnt have any need for that at that time. I remember in the early 90s sitting in a meeting with a colonel who was briefing people and he said, I believe if they put one of these rails on a butt stock, somebody would buy it. I was in the back of this room filled with the industry people, and I raised my hand and I said, Sir, did I understand that to be a requirement? {Laughter} It was a joke at the time, but today it might not be a joke. Because I have to track that gun down and make sure it wasnt tested. It was a prototype of the 5.56mm rifle that would become the U.S. Army M-16. My dad had an interest in arms and armor, and he took me to Europe where we bought a lot of antique guns and armor. Reed served six years in the National Guard starting in 1965. The Houston Gun Show was where youd really find all the parts. Hed later leverage his successes to launch Knight Vision, the largest producer of clip-on night vision devices in the world. There was a guy from Tampa who was a machine gun dealer. Im not well-rounded. I bought the very first guns from RPB; I have guns one through five in every caliber for the RPB production. We had sold a couple dozen here or there in the past.

In 1974 C. Reed Knight, a friend of Stoner, founded the Knight's Armament Company. Ill throw it in for free. Obviously it was included in the price with all the other stuff, but at the same time, when I added it to the kit, I didnt increase the price for the vertical pistol grip.

I had no idea that this thing was ever going to be used for holding anything other than a flashlight. I did enough driving to scare myself half to death. Reed Knight Net Worth : $ 14 Million Lets check out updated 2021 Reed Knight Net Worth Income Salary report which is given below : Reed Knight's Salary / Income: Per Year: $ 4,00,000 Per Month: $ 32,000 Per Week: $ 8,000 Reed Knight Wiki Net Worth $14 Million Reed Knight FAQ How did Reed Knight get so rich? Im competing against people who dont even know what they dont know. The reason we proofed everything over here is because they were heat-treating parts out of 8620 steel in the 1903 Springfields, and sometimes they forgot to heat-treat them. And you want us all to chip in and build you something.

You must be proud at some level, though. It still is, no matter what the marketing hype might be. When Marcinko stood up at Dev Group, he basically picked five guys, including himself made six.

I would work at my dads shop during the summers taking tractors apart, fixing them, putting them back together and working on the heavy machinery.

Knights firearm collection is unparalleled. There were 60,000 plastic ones built, and 3,000 aluminum frames, and probably not more than two dozen nickel ones.

When I said Cast of Characters, I meant that it was an interesting group. Thats huge. Danh mc . I bought one for each one of my kids. I had some traveling buddies, Pedro Bello, John Ciener, the local cronies that were gun nuts.

They were not considered to be a weapon of choice for a police officer.

Most of the guns just did not work. Knight:My family has been in the citrus business forever, so we had our place where we worked on all of our tractors and I had a welding shop and a machine shop; everything that you would need to work on tractors. The two Navy SEALs that I repaired the Stoner 63s for, one was Fly Fallon, the other was Ken McDonald.

Knight:I still have some, so I guess if I wanted to Anyway I bought everything I could. When the law changed in 68, it became Once a machine gun, always a machine gun. That changed the whole thing for everyone I knew. Theres patriotism there. It was quite a frenzy in the industry, and some people that were based in the civilian market turned out a tremendous amounts of items. Jonathan Ciener was there at the auction. Or if there are, there are very few. Our delivery time frame was six months, and we met the deadline. That first Navy contract was pretty much the largest contract that had come along out of the military for a number of years since the Vietnam era. SAR: Were some of those MAC 10s export models without a threaded barrel? SAR: It wasnt until 1981 that the suppressor parts were blocked from sale.

We dont have a requirement for it. I suggested they do some testing. Knight was later . I was chasing Stoner parts. . I know Mitch used to sell silencer parts to whoever was doing whatever. Were gonna build you a widget, its gonna be our widget, were going to build it for you, youre going to pay us for it, and were going to move on down the road. Fred was just absolutely livid. We would trade guns, we would bid on guns, we would do light bar demonstrations, we would go all over the state and sell guns. Knight:The paperwork was only about seven days.

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RECOIL: How did you end up in the Titusville location? We took the thing to Colt, and other manufacturers, and I said, Hey, I got this idea. Knight:When 68 came along with the Gun Control Act, I started very intently collecting Smith & Wessons. Knight:No. How many had stainless slides? Because the suppressor was so light and it built pressure in this chamber, it negated the need for a Nielsen-type device, and the gun/suppressor system became very reliable.

The Shah said, I want you to get started on this program, and I want you to send me monthly reports, and I want you to tell me how far you are and keep me posted. I live up in Vero. They spent $250 million, and Picatinny still didnt have anything that worked. Fly served up until almost until his death. Mickey Finn was the first one to coin the term investors in this industry, in that he went out and got a bunch of people to put money into his business, and they did a lot of R&D and took a new style of write-off. Stoner and I designed it. Two weeks later I owned it.

Actually, in my infinite stupidity, when we were negotiating on the rail system, I said, You dont want the vertical pistol grip? I grew up in an environment where people had respect for the past, and the details and the discipline of collecting. SAR: What were you doing for sound testing in that time period? She caught me at college where I had converted my kitchen sink into a parts washer and the rest of the kitchen into an assembly area. Visit our, You are leaving the Small Arms Review website and will be redirected to an external link in a, Chipotle Publishing, LLC 631 N. Stephanie St., No. At that time, I was really focusing on my main work; I was in whats called the hedging and topping business, in the citrus business. They tested it and said, It didnt do any better than the RIS. That was a shock. It was our first major suppressor contract. It was a straight over the counter sale and any number of Class 2s in the early to mid 1970s bought their parts at Military Armament Corporation. RKj: Were passionate about what we build. Knight was no slouch with a pistol. They had served in Vietnam with Marcinko. [laughter]. We had to build it so it didnt make the gun any heavier, it didnt change the point of impact, that it didnt take any tools to put on, and that it could be put on at the user level rather than having to come back to the armory to install. This makes him the wealthiest of the "Brady" kids. That was quite frightening because I looked at the mortgage and I had made a major commitment to it when I had had some very large government contracts, and it looked like they were going to last forever. Our new protocol moved things up to a higher level. Sort of the opposite. RKj: A while back, I was asked to go to Washington to speak to a bunch of government contracting officers and contractors to explain how industry and government can work better together. No problem. So a year later, I was there with the building sitting on the ground. There was a guy from Tampa who was a machine gun dealer. I liked Smith & Wessons. I paid $600 for the package. Did I save myself $2 million? They gave me a bunch of money down, and every six months they had a payment due. You must have felt terrible. That was huge money in the late 50s, early 60s. It was in the rifle configuration. I know I made some money and had a good time. The very first machine gun I bought was a Military Armament Corporation MAC 10, and I bought it before I got a machine gun license. Trey:Selling guns to the Navy SEALs was probably a lot more fun than hauling trash and trimming trees. Knight with a display of AR-10 series rifles in the Knight Collection, the precursor to The Institute of Military Technology, which now houses Knights impressive collection in Titusville, Florida. She had me tutored for four years while I was in high school.

It was sitting in the cabinet of a local gun store. One of the things that I later found out is they didnt really want to sell the Iranians our best US anti-aircraft technology, but they wanted to sell the Shah good technology. c reed knight net worth liberty high school graduation 2023 By March 4, 2023 March 4, 2023 chartered global management accountant license lookup on c reed knight net worth Stoner said Ill send you a proposal, and they had a very nice, cordial meeting. No permits and nobody will talk to me it was just a screwed up mess. Of course he would not bid against himself to get individual pieces; it would be bidding against himself. 19, 2017. The rail system had to withstand the wear factor, it had to withstand the recoil factor, the heat factor, and all the other adverse conditions as well as be soldier-proof. He was not really doing anything as he was between programs. So, the organizers spaced out the military sections and set them up so people had to cross through the [non-tactical] sections of the show.

his age, even sporting a full head of hair.

(Reeds son Trey has been quietly prodding his father on some issues in the Interview, and at this point Trey suddenly remembers this event and gets indignant.). I used to shoot .22s all the time. I wasnt racing, but I was always an avid shooter. The hardest thing to do was not modifying the existing rifle, but to have those rails to stay in alignment for the total life of the shooting of the rifle for its total life. Im sure he was there and bought all the MAC tooling, and bought the machine guns in the flat, and RPB finished those. In a motorcycle accident. What does the gun look like?, Stoner says Im going to send Reed, my partner, up there, and hes going to look at it., So I go up there to Fairchild Corporation at the Dulles Airport. I owned two or three CNC lathes and two or three CNC milling machines, and we were learning on how to manufacture as opposed to filling small contracts. Big difference. c reed knight net worth. Ken McDonald basically knew me from work me in the arms room, and thats how my connection had got there.

Net worth: $6.9 billion, Source: .

One of the things I did was I built an adjustable trigger stop that in the combat you would use a two-stage trigger pull, rather than cocking the hammer. Later I traded the 92s back and gave them 92Ss.

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