The Mars family's fortune is rooted in its family-owned chocolate empire, Mars Inc. In recent years, the company has branched out into pet care.Credit:Michele Mossop. 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. Audrey Ruth Meyer (May 25, 1910 June 15, 1989) wife of Forrest E. Mars Sr. Philip Michael White husband of Valerie Anne Mars (married 1984), Lonnie Jay Wright (born 1960/1961) husband of Pamela Diane Mars (married 1992), Stephen J. Doyle husband of Marijke Elizabeth Mars (married 1991). 52 Jacqueline Mars", "The mysterious family behind the $127 billion Mars chocolate empire", "10 of the Wealthiest Families in the World", "Party Pictures 3/29/06 A little Washington and Palm Beach", "Spending Millions to Save Billions: The Campaign of the Super Wealthy to Kill the Estate Tax", "AAVC Service to Vassar Award: Virginia Cretella Mars", "Sweet Secrets: Opening Doors on the Very Private Lives of the Billionaire Mars Family", "WEDDINGS; Sarah Robbins, Michael J. Mars", "Ethel V. Mars, Head of Candy Firm, Dies", The Sweet, Secret World of Forrest Mars (Fortune, 1967), https://en.wikipedia.org/w/index.php?title=Mars_family&oldid=1112167340, Ethel G. Kissack (September 29, 1882 April 11, 1980). It has since been surpassed by the Walton family and the Koch family, and was ranked as the third richest family in America in 2016. The 106-year-old company has helped the Mars family build a reported fortune of $US89.7 billion ($127 billion), according to Bloomberg. When Forrest snr died in 1999, his children - Jacqueline, John, and Forrest jnr Mars - inherited a stake in the 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. Forrest snr reportedly avoided photographers and interviews alike. 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. Mark Zuckerberg, founder and CEO of Facebook, saw his wealth rise by 108 percent to $113.5 billion. The Mars family's fortune is rooted in its family-owned chocolate empire, Mars Inc. They rank on the Forbes 400 along with Forrest jnr's four daughters, who have $US6 billion each after each inheriting an 8 per cent stake. Copyright 01/03/2023 Alamy Ltd. All rights reserved. "When I was growing up it felt very normal," Forrest jnr's daughter, Pamela Mars, told Campden FB. Please fill in your e-mail so we can share with you our top stories. After graduating from Vassar and a stint working in advertising, Pamela joined the family business as an operations supervisor. Picture: ALAMY The Mars family sits on top of a delicious empire. 2023 Celebrity Net Worth / All Rights Reserved. In addition, access background check reports and discover possible arrest records. 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This number makes Jacqueline one of the richest women in the world, as she currently sits on the position 29 of Forbes Top 30 Billionaires. 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. After graduating from Vassar and a stint working in advertising, Pamela joined the family business as an operations supervisor. Around 86 percent of those named on the Forbes list are richer today than they were before the pandemic. Frank had learned. Jacqueline Mars, born on October 10, 1939, is the youngest child of Forrest Sr. and his wife, Audrey Ruth Meyer. However, Mars has more recently started trying to shed its secretive history. "He was an iconic leader - dedicated and highly respected," a Mars spokesperson told Business Insider. In 2008, Mars Inc branched out from chocolate to gum when it acquired the Wrigley Jr Company for $US23 billion, and it bought Iams and two other pet food brands in 2014 from Procter & Gamble for close to $US2.9 billion. Recently, the company has started to open up about its business to be transparent to consumers and attract talent, Badger told Business Insider. Press-shy and limelight-avoidant, the Mars family remains a bit of a mystery. 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. Unlike his parents, Forrest snr was relatively frugal. Nicknamed "the Kremlin", the Mars Inc headquarters are based in the Virginia suburbs and have been described as "secretive" and "anonymous". She is also involved in businesses outside of the family empire. Jacqueline Mars, center, and her granddaughters, Graysen Airth, left, and Katherine Burgstahler, right, arrive for the formal Artist's Dinner. [Pictured: Jacqueline Mars flanked by granddaughters Graysen Airth and . Since then, the company has become known for the eponymous Mars Bar, 3 Musketeers, Twixand M&Ms. [2][3][4] One of these sons, Forrest Mars Jr., died in 2016, and his four daughters inherited his wealth, with three of them working for the company as of 2019. "The philosophy of the family and the philosophy of the business is that it's a family business," Pamela told Campden FB. Jacqueline B. Mars and granddaughters Graysen Airth and Katherine Burgstahle rat the Artist's Dinner honoring the recipients of the 39th Annual Kennedy Center Honors in Washington, D.C. on December 3, 2016 | Photo: GettyImages. 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. Despite keeping a low profile for over 100 years, the Mars family is speaking out about climate change and labor practices. Their son, Stephen Badger, is the chairman of Mars Inc. Theres no getting around a collective $5 trillion wealth surge during a pandemic, when most of the world felt scared, sick, besieged, he wrote in a comprehensive essay titled Operation Wealth Speed. AmoMama creates engaging, meaningful content for women. Melbourne is the 'friendliest city in the world', Former AFLW star who had a concussion sues Collingwood. They have the biggest share of the family fortune, with $US24 billion each. They refuse to pay taxes or acknowledge Australian law, so who are 'sovereign citizens'? Morningstar food analyst Mitchell Howard called Mars a very, very quiet company. They owned a $US20,000 Deusenberg town car and had two getaway homes in Wisconsin and Tennessee. Sign up for our newsletter to stay up to date. 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 . And their fathers frugal ways stuck with them: both brothers reportedly lived in relatively affordable condos. We didnt live a different lifestyle to any of my friends.. At 80 years old, shes on the top 30 of Forbes richest women in the world. Forrest Jr. and John were eager to take over. Credit:Shutterstock. After graduating from Vassar and a stint working in advertising, Pamela joined the family business as an operations supervisor. [5] As of April 2020, the combined private fortune of the family members was estimated at around $126 billion, making them one of the richest families in the world. She moved up the ranks, and after a sabbatical, became chairman of the board, a position from which she later stepped down. Witnesses said that Mars was not speeding or driving erratically before the accident.". The Mars family is also super secretive, family-owned, and led through four generations, and closely guarded company recipes and secrets. Save up to 30% when you upgrade to an image pack. Both Jacqueline and John Mars saw their net worth drop from $29.7 billion to $29 billion over the last year, though they are still tied at 20th on the Forbes list. John and Jacqueline run the Mars Foundation, which donates to causes in education, the environment, health, and culture. 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. She reportedly listed her estate in New Jersey for $US2 million, has a place called Stonehall Farm in Virginia, and maintains her mother's Watergate penthouse. Search instead in Creative? I didnt feel different to anybody else. Unlike his parents, Forrest snr was relatively frugal. WASHINGTON, DC - DECEMBER 02: 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, D.C. on "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. The Mars family comes in second place they own Mars Inc., which manufactures chocolates such as Snickers, Mars Bars, Milkyway Bars and M&M's. They also have pet care products. Mars, who lives in McLean, worked for the. Jacqueline Mars, centre, and her granddaughters, Graysen Airth, left, and Katherine Burgstahler, right.Credit:Alamy. I cant change what happened, Mars said. And their father's frugal ways stuck with them: both brothers reportedly lived in relatively affordable condos. 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. Mars remains the wealthiest Virginian.. A total of nine billionaires on this years list hail from Virginia. Not much is known about Jacqueline's brother John, but in March 2015, he was made an honorary knight by Queen Elizabeth II. 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. Download this stock image: Washington DC, USA. Picture: ALAMY The Mars family sits on top of a delicious empire. VIRGINIA Forbes estimates that Jacqueline Mars, who owns an estimated one-third of Mars Inc., the world's largest candy maker, is worth $29 billion, making her the richest Virginia resident and among the 100 richest people in America. She's been chairman of Mars, Inc. since 2014. And yet times have changed," Badger said. Shes 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. Organize, control, distribute and measure all of your digital content. Currently, Jacqueline and John co-own, but dont actively manage, Mars Inc. The 106-year-old company has helped the family build a $127b fortune. Win $2,000 at the Alexandria Wedding Showcase! Pamela Mars-Wright has had several roles at Mars Inc. She started out as an operations supervisor in 1986. Terms and Conditions - Digital Subscription, Terms and Conditions - Newspaper Subscription. Jacqueline is the only sibling with a lifestyle "close to reflecting her billionaire status", wrote Jan Pottker for The Washingtonian in 2008. So in 1920, Mars moved back to Minneapolis and re-established his Mars, Incorporated venture there. During the last few years, the Mars family and company executives have started to speak out. They made the first chocolate nougat, setting the foundation for Milky Way Bars and Snickers. "According to authorities, Mars told a witness who went to the scene of the accident that she had fallen asleep while driving," wrote Caitlin Gibson of The Washington Post. Christie Deverian, 53 Newport Beach, CA. When Forrest snr died in 1999, his children Jacqueline, John, and Forrest jnr Mars inherited a stake in the company. Jacqueline Mars, center, and her granddaughters, Graysen Airth, left, and Katherine Burgstahler, right (Photo by Ron Sachs-Pool/Getty Images). Tap into Getty Images' global scale, data-driven insights, and network of more than 340,000 creators to create content exclusively for your brand. "I didn't feel different to anybody else. Billionaires in Virginia whose wealth increased substantially during the pandemic include: Both Dan Snyder, owner of the Washington Football Team, and Theodore Leonsis, owner of Monumental Sports including the Washington Wizards and Capitals, lost wealth, the study showed. He and his wife, Audrey, lived apart for a lot of their marriage she kept a penthouse apartment at The Watergate. The top result for your search is Graysen Airth age 20s living in Newport Beach, CA in the Bayshores neighborhood. Like her family, Jacqueline maintains privacy. 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. They made the first chocolate nougat, setting the foundation for Milky Way Bars and Snickers. Mars is the second biggest candy company in the U.S. Hershey is the biggest. By this time, according to what Vogel told People in 1994, he still had no idea his girlfriend was the heir of a multimillionaire company. For years, the family was known for being notoriously private, keeping their personal lives and Mars Inc out of the public eye. [6], The family is very protective of their privacy. Sign up for free Patch newsletters and alerts. Their father taught them never to trust outsiders or the press. They have been known to keep the company "notoriously private" and their headquarters have been called "anonymous". They were approached to do the product placement for a little movie called "E.T." Victoria Mars, Forrest Jr.'s daughter, is the chairman of the company, following in the footsteps of her father, grandfather, and great grandfather. More from National Reputation Score: 0.32 - 2.39. In 2013, Jacqueline was involved in a car crash in Loudon County. Forrest jnr passed away in 2016. And yet times have changed," Badger said. However, according to Vogel, working in the company became a priority for Mars, and she started neglecting their marriage. Today, the fourth generation of Mars family members runs the company. And in 2017, the company made a $US1 billion investment in a sustainability program that will contribute to the UN's Sustainable Development Goals and the Paris Climate Agreement. Only 66 people in the country were considered billionaires in 1990. Jacqueline Mars, center, and her granddaughters, Graysen Airth, left, and Katherine Burgstahler, right, arrive for the formal Artist's Dinner. Graysen Airth is a Business Strategy and Marketing Intern at Selendy Gay Elsberg based in New York, New York. 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. Theyre the heirs to the chocolate throne that is Mars Inc, maker of Snickers, Mars Bars, Milky Way Bars, Twix, M&Ms, and more not to mention a portfolio of PetCare products, drinks, and chewing gum, among others. "When I was growing up it felt very normal," Forrest jnr's daughter, Pamela Mars, told Campden FB. [1] She also played a role merging the Opera with John F. Kennedy Center for the Performing Arts and made a multi-year commitment to support the Washington Performing Arts' programs. Showing Editorial results for jacqueline mars. I can't change what happened," Mars, who planned to help the family, said in a statement. Mars, Inc. was founded 111 years ago in 1911 by Franklin "Frank" Mars. Mars and the other four passengers were also hospitalized, according to reports, and the billionaire faced charges for reckless driving. "I didn't feel different to anybody else. In 1988, the family was ranked as the richest family in the United States of America by Fortune magazine. When Forrest jnr passed away, his four daughters Victoria, Valerie, Pamela, and Marijke inherited an equal stake. | Photo: GettyImages. The way to reverse this trend is by making sure the wealthy, and the corporations they own, start paying their fair share of taxes. Jacqueline Mars, an heir to the candy fortune, is at the top of the list of the wealthiest Virginians, with a net worth of $31.3 billion. We did chores around the house, we went to school. Founder Frank Mars learned to hand-dip chocolates at a young age; in 1911, he began selling chocolate from his kitchen in Tacoma, Washington. He raised his children the same way while they attended exclusive boarding schools, they did chores at home to earn an allowance. She moved up the ranks, and after a sabbatical, became chairman of the board, a position from which she later stepped down. The International Debutante Ball. The 106-year-old company has helped the family build a $127b fortune. We did chores around the house, we went to school. announce Australian 'Marvin the Album' anniversary tour, Lake Macquarie can't just lurch from one environmental shock to next, 513 days and no Dom: We're a 'powerhouse', yet our Premier hasn't visited, New Knights recruit Adam Elliott is daring to dream, TOOHEY'S NEWS PODCAST: We need to talk about Adam O'Brien, High cost of entry for juniors may hide the best of sport from them, Terms and Conditions - Digital Subscription, Terms and Conditions - Newspaper Subscription. With her net worth, Mars could buy whole Smithfield hams for 2.1 million families in Virginia to celebrate Easter next year. 4. Here's what we know about the Mars family and Mars Inc. And yet times have changed, Badger said. Witnesses said that Mars was not speeding or driving erratically before the accident.". On October 4, 2013, Jacqueline Mars was involved in a fatal car crash in Northern Virginia. Mars turned it down and the studio turned to Hershey's Reese's Pieces instead. When Forrest jnr passed away, his four daughters - Victoria, Valerie, Pamela, and Marijke - inherited an equal stake. The Mars family is in the candy business primarily. He raised his children the same way - while they attended exclusive boarding schools, they did chores at home to earn an allowance. Read our Privacy Policy. The report comes a week after the release of Forbes' Worlds Billionaires List, which named 2,755 billionaires from across the globe and saw 660 new names added to the list. 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