Marijke Mars worked as a regional manager for Kal Kan Foods, one of Mars Inc.'s pet food companies. NEW YORK, NY - DECEMBER 29: Miss Graysen Leslie Airth attends The International Debutante Ball at The Pierre Hotel on December 29, 2018 in New York City. The 106-year-old company, which has a factory and is home to research and development in Ballarat,has helped the Mars family build a reported fortune of $US89.7 billion ($127 billion), according to Bloomberg. And in 2017, the company made a $US1 billion investment in a sustainability program that will contribute to the UNs Sustainable Development Goals and the Paris Climate Agreement. Jacqueline Mars, center, and her granddaughters, Graysen Airth, left, and Katherine Burgstahler, right, arrive for the formal Artist's Dinner. The clan are worth a staggering $94 billion . Jacqueline Mars, centre, and her granddaughters, Graysen Airth, left, and Katherine Burgstahler, right. Morningstar food analyst Mitchell Howard called Mars a very, very quiet company. Mars chocolate empire: Meet the family By Hillary Hoffower Updated March 31 2019 - 5:02am, first published March 30 2019 - 4:00pm Jacqueline Mars, centre, and her granddaughters, Graysen Airth, left, and Katherine Burgstahler, right. The six family members who rank on the Forbes 400 list share $US72 billion of that fortune, making them America's third-richest family wealth "dynasty", according to the Institute for Policy Studies'"Billionaire Bonanza" report. At 80 years old, shes on the top 30 of Forbes richest women in the world. With a net worth of $31.3 billion, Jacqueline Mars owns an estimated one-third of Mars, the world's largest candymaker, founded by her grandfather. Forrest snr reportedly avoided photographers and interviews alike. Unlike his parents, Forrest snr was relatively frugal. The six family members who rank on the Forbes 400 list share $US72 billion of that fortune, making them Americas third-richest family wealth dynasty, according to the Institute for Policy StudiesBillionaire Bonanza report. For years, the family was known for being "notoriously private", keeping their personal lives and Mars Inc out of the public eye. Larry Ellison, founder of Oracle, saw a 71 percent jump in his wealth that brought his net worth to $101 billion. Bernard Arnault of LVMH remains at No. She was driving a Porche SUV and crossed the center line, colliding with a Chrysler minivan that carried six female passengers. The victims urged the court not to seek jail time for Jacqueline, who pleaded guilty. They went out for dinner a few months later and started seeing other regularly, although Mars was still married. Jeff Bezos, founder and CEO of Amazon and owner of the Washington Post, saw his wealth increase by 74 percent during the pandemic and his net worth balloon to $197 billion. His brother Forrest Jr. died in 2016. Around 86 percent of those named on the Forbes list are richer today than they were before the pandemic. "When I was growing up it felt very normal," Forrest jnr's daughter, Pamela Mars, told Campden FB. They made the first chocolate nougat, setting the foundation for Milky Way Bars and Snickers. The Getty Images design is a trademark of Getty Images. Today, four business segments comprise Mars Inc: petcare, Mars Wrigley Confectionery, food and edge. They are the people who gave us Snickers, M&Ms, Skittles, Milky Way, 3 Musketeers, Mars Bar, Twix, and dozens of other delicious, sweet treats. More than 400 million M&Ms are produced in the US every day. Forrest Sr. continued to run Mars Inc. well into his senior years. [1] The International Debutante Ball. The International Debutante Ball. After graduating college, Mars went on to marry her college sweetheart, David Budger, with whom she spent almost 20 years and welcomed three kids: Alexandra Badger, Stephen M. Badger, and Christa M Badger. She sits on several boards, including the National Sporting Library and Fine Art Museum, the Smithsonian and the American Prairie Reserve. ", RELATED: The Virginia Billionaires Getting Richer During The Pandemic, However, the underlying trends offer a road map to greater prosperity for all, he continued. According to a Mars spokesperson, she received the first-ever Foundation for the National Archives' "Heritage Award", for her support of the National Archives and other arts and cultural institutions in Washington, DC. A total of nine billionaires on this years list hail from Virginia. Christie Deverian, 53 Newport Beach, CA. Graysen Airth, left, and Katherine Burgstahler, right. Find the right content for your market. However, Mars has more recently started trying to shed its secretive history. Alamy and its logo are trademarks of Alamy Ltd. and are registered in certain countries. Today, four business segments comprise Mars Inc: petcare, Mars Wrigley Confectionery, food and edge. The 106-year-old company has helped the family build a $127b fortune. She has spent her entire career in the family business. I can't change what happened," Mars, who planned to help the family, said in a statement. During the last few years, the Mars family and company executives have started to speak out. The Mars siblings have complete control over the company, which has a plethora of popular brands, from Snickers and M&Ms to Whiskas and Dolmio. Now there are 719 a majority of whom come from either the finance or tech industries. We did chores around the house, we went to school. Jacqueline Mars, centre, and her granddaughters, Graysen Airth, left, and Katherine Burgstahler, right.Credit:Alamy. VIRGINIA A financial think tank recently released an analysis on the growth of billionaire wealth, which found that after seeing their fortunes steadily rise over the past three decades, the ultra-rich saw their money explode during the coronavirus pandemic. John was 60 at the time of this incident. Mars and the other four passengers were also hospitalized, according to reports, and the billionaire faced charges for reckless driving. And yet times have changed," Badger said. According to a Mars spokesperson, she received the first-ever Foundation for the National Archives' "Heritage Award", for her support of the National Archives and other arts and cultural institutions in Washington, DC. We collect and tell stories of people from all around the world. Mars is the second biggest candy company in the U.S. Hershey is the biggest. Warren Buffett, CEO of Berkshire Hathaway, became 50 percent richer in the last year as his wealth rose to $101 billion. RMKKXH8T - Washington DC, USA. It is also the company behind Uncle Ben's Rice, Pedigree dog food, and a number of other brands. For most of our history, in fact for 99 per cent of our history, weve chosen not to be in the public eye and weve really wanted our brands to engage consumers. Jacqueline is the only sibling with a lifestyle close to reflecting her billionaire status, wrote Jan Pottker for The Washingtonian in 2008. Nowadays she works at Mars Food. However, Forrest snr fell out with his father and in 1932, he was given the recipe for the Milky Way Bar to start his own business. In 2013, Jacqueline was involved in a car crash in Loudon County. Witnesses said that Mars was not speeding or driving erratically before the accident.". Pre-pay for multiple images and download on demand. Reputation Score: 0.32 - 2.39. They owned a $US20,000 Deusenberg town car and had two getaway homes in Wisconsin and Tennessee. John Mars, a Wyoming resident, has an estimated worth of $29 billion. "The family has always believed that the biggest contribution toward the world we want tomorrow is through the good that Mars Inc can do every day, and the family reinvests the vast majority of any profit made back into the company," a company spokesperson told Business Insider. After graduating from Vassar and a stint working in advertising, Pamela joined the family business as an operations supervisor. Victoria is the former the chair of the board of directors of Mars Inc. A spokesperson for Mars told Business Insider that there are six rotating positions on the board. They have been known to keep the company "notoriously private" and their headquarters have been called "anonymous". When Forrest jnr passed away, his four daughters Victoria, Valerie, Pamela, and Marijke inherited an equal stake. "I will always live with the grief and loss caused by this tragedy.". Now a $US35 billion firm, Mars is the fifth-largest private business in the United States, and it was previously ranked as a best place to work by Fortune magazine. Jacqueline Badger Mars and David Rubenstein arrive at National Archives Foundation Honors "Hamilton's" Lin-Manuel Miranda, Thomas Kail & Ron Chernow on September 25, 2016 | Photo: GettyImages. The Mars company and the family that owns the confectionery giant have turned secrecy into a way of life, wrote Pottker. The combined wealth of billionaires in 1990 was just $240 billion, after adjusting for inflation, and the number of billionaires in the United States was smaller. For years, the family was known for being "notoriously private", keeping their personal lives and Mars Inc out of the public eye. Graysen's Reputation Score is influenced by the people in Graysen's network. Americans for Tax Fairness endorses President Joe Bidens tax plan, which would raise the corporate tax rate to 28 percent and punish U.S. companies that move their headquarters outside the country for tax purposes. Arlington Man Fires Gun Inside His Westover Apartment: Police, Virginia Superintendent Of Public Instruction Jillian Balow Resigns, Angelo Cocchiaro Seeks 'Generational Change' On Arlington School Board, Maryland Lyric Opera Presents: VERDI'S OTELLO. With her net worth, Mars could buy whole Smithfield hams for 2.1 million families in Virginia to celebrate Easter next year. We did chores around the house, we went to school. See the full 2021 Forbes Billionaires List. Arlington Man Fires Gun Inside His Westover Apartment: Police, Virginia Superintendent Of Public Instruction Jillian Balow Resigns, Angelo Cocchiaro Seeks 'Generational Change' On Arlington School Board, Maryland Lyric Opera Presents: VERDI'S OTELLO. Jacqueline also supports the US Olympic Equestrian Team and is a trustee of the US Equestrian Team Foundation. Forrest Sr. was in charge of the company until 1973 when he turned to his children: Forrest Jr., John F. Mars, and Jacqueline Mars. Jacqueline Mars, center, and her granddaughters, Graysen Airth, left, and Katherine Burgstahler, right, arrive for the formal Artist's Dinner honoring the recipients of the 40th Annual Kennedy Center Honors hosted by United States Secretary of State Rex Tillerson at the US Department of State in Washington, DC on Saturday . Thats an increase of $1.62 trillion, or 55 percent. She was driving her Porsche SUV when her vehicle crossed the centreline and hit an eastbound minivan, according to authorities. Graysen Airth Executive Assistant, Marketing & Communications New York, New York, United States 385 followers 386 connections Join to connect First Republic Bank Experience Executive Assistant. Mars turned it down and the studio turned to Hershey's Reese's Pieces instead. Nicknamed the Kremlin, the Mars Inc headquarters are based in the Virginia suburbs and have been described as secretive and anonymous. Life On Mars: The Story Of America's Richest Candy Family. Mark Zuckerberg, founder and CEO of Facebook, saw his wealth rise by 108 percent to $113.5 billion. They have the biggest share of the family fortune, with $US24 billion each. He passed the family candy business down to his son Forrest Mars, Sr. Forrest had three children, Forrest Jr., John, and Jacqueline. She moved up the ranks, and after a sabbatical, became chairman of the board, a position from which she later stepped down. Please fill in your e-mail so we can share with you our top stories. Nicknamed "the Kremlin", the Mars Inc headquarters are based in the Virginia suburbs and have been described as "secretive" and "anonymous". Both he and Jacqueline run the Mars Foundation, which donates to educational, environmental, cultural, and health-related causes. In recent years, the company has branched out into pet care. Recently, the company has started to open up about its business to be transparent to consumers and attract talent, Badger told Business Insider. He raised his children the same way - while they attended exclusive boarding schools, they did chores at home to earn an allowance. She's still a major shareholder, and her net worth as of 2020, according to Forbes, is $28.5 billion, as she owns an estimated third of the company, which had a revenue of $37 billion by the end of 2018. The 106-year-old company has helped the family build a $127b fortune. On October 4, 2013, Jacqueline Mars was involved in a fatal car crash in Northern Virginia. Forrest Jr. and John were eager to take over. Both John and Forrest jnr inherited their father's tendency to avoid the spotlight. They were approached to do the product placement for a little movie called "E.T." He and his wife, Audrey, lived apart for a lot of their marriage - she kept a penthouse apartment at The Watergate. During the Depression, founder Frank and wife Ethel became social luminaries. The 2017 honorees are: American dancer and choreographer Carmen de Lavallade; Cuban American singer-songwriter and actress Gloria Estefan; American hip hop artist and entertainment icon LL COOL J; American television writer and producer Norman Lear; and American musician and record producer Lionel Richie. Den har sedan dess vertrffats av familjen Walton och Koch -familjen och rankades som den tredje rikaste familjen i Amerika 2016.. Nr Forrest Mars Sr dog, rankades han och hans tv sner som nummer 29 . As well as its eponymous Mars bar, the company makes Snickers, Milky Way and M&Ms. Jacqueline B. Mars at the Artist's Dinner honoring the recipients of the 39th Annual Kennedy Center Honors in Washington, D.C. on December 3, 2016 | Photo: GettyImages. 2023 Celebrity Net Worth / All Rights Reserved. Sign up for our newsletter to stay up to date. The company has been wildly successful and for the most part hasn't made a business misstep since the early 1980s. In response, she accused him on court documents of domestic violence, both physically and emotionally, and of spousal abandonment when she filed for divorce in 1993. Meanwhile, Elon Musk soared to the No. He and his second wife Ethel V. Mars started the Mars Candy Factory in 1911 in Tacoma, Washington. They're the heirs to the chocolate throne that is Mars Inc, maker of Snickers, Mars Bars, Milky Way Bars, Twix, M&M's, and more - not to mention a portfolio of PetCare products, drinks, and chewing gum, among others. Both John and Forrest jnr inherited their father's tendency to avoid the spotlight. Since then, the company has become known for the eponymous Mars Bar, 3 Musketeers, Twix and M&Ms. The family has always believed that the biggest contribution toward the world we want tomorrow is through the good that Mars Inc can do every day, and the family reinvests the vast majority of any profit made back into the company, a company spokesperson told Business Insider. However, according to Vogel, working in the company became a priority for Mars, and she started neglecting their marriage. We didn't live a different lifestyle to any of my friends.". Access the best of Getty Images with our simple subscription plan. If passing the family business to the next generation is not possible, the Mars family would be much more likely to sell to a larger companyperhaps Nestle especially if that sale would stick it to their rival Hershey. "He was an iconic leader - dedicated and highly respected," a Mars spokesperson told Business Insider. 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