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April 02, 2023
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Alamy The 106-year-old company has helped the Mars family build a reported fortune of $US89.7 billion ($127 billion), according to Bloomberg. Showing Editorial results for jacqueline mars. 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). Forrest jnr passed away in 2016. Winifred J. Marquart, $3.9 billion: Marquart is president of the Johnson Family Foundation. Like her family, Jacqueline maintains privacy. Forrest snr has been described as having an "extreme temper", but was separately praised as "one of this century's most brilliant and successful entrepreneurs" by Fortune magazine in 1984. Forrest Sr. was in charge of the company until 1973 when he turned to his children: Forrest Jr., John F. Mars, and Jacqueline Mars. Life On Mars: The Story Of America's Richest Candy Family. "I didn't feel different to anybody else. 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. Tap into Getty Images' global scale, data-driven insights, and network of more than 340,000 creators to create content exclusively for your brand. Growing up, Pamela lived in Holland and France for several years before moving back to the US for her fathers various Mars Inc jobs. And their father's frugal ways stuck with them: both brothers reportedly lived in relatively affordable condos. He raised his children the same way - while they attended exclusive boarding schools, they did chores at home to earn an allowance. 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. Jacqueline Mars is the heir of confectionery company Mars, Incorporated, founded in early 1900 by the Mars family, who was once the wealthiest family in the United States. Mars worked actively with the company until 2001 when she retired but kept serving on the directing board until 2016. The Mars family is an American family that owns the eponymous confectionery company Mars, Inc. One year in the 1990s, John famously lost his temper with his father and reportedly said "How long do I have to work for you Dad?" | Photo: GettyImages. Jacqueline is the only sibling with a lifestyle "close to reflecting her billionaire status", wrote Jan Pottker for The Washingtonian in 2008. Mars and the other four passengers were also hospitalized, according to reports, and the billionaire faced charges for reckless driving. We did chores around the house, we went to school. 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. This years list includes a record 328 female billionaires, up from 241 in 2020. Jacqueline also supports the US Olympic Equestrian Team and is a trustee of the US Equestrian Team Foundation. They made and sold fresh candy wholesale but were hampered by a more established company doing the same thing. The Mars family is an American family that owns the eponymous confectionery company Mars, Inc. So in 1920, Mars moved back to Minneapolis and re-established his Mars, Incorporated venture there. On October 4, 2013, Jacqueline Mars was involved in a fatal car crash in Northern Virginia. At 80 years old, shes on the top 30 of Forbes richest women in the world. I cant go back in time. The accident occurred in Loudon County; the driver of the other car lost her unborn son, a passenger died, and other passengers were injured. 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. The Mars family is the third richest American family in the world with a combined net worth of $94 billion, which is up from $90 billion two years ago. Now there are 719 a majority of whom come from either the finance or tech industries. She sits on several boards, including the National Sporting Library and Fine Art Museum, the Smithsonian and the American Prairie Reserve. Copyright 01/03/2023 Alamy Ltd. All rights reserved. And yet times have changed, Badger said. Jacqueline Mars, center, and her granddaughters, Graysen Airth, left, and Katherine Burgstahler, right (Photo by Ron Sachs-Pool/Getty Images). They rank on the Forbes 400 along with Forrest jnrs four daughters, who have $US6 billion each after each inheriting an 8 per cent stake. Meanwhile, Elon Musk soared to the No. 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. 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. President Donald Trump landed at No. Non-commercial use only, not for resale. The victims urged the court not to seek jail time for Jacqueline, who pleaded guilty. Deborah Adair Clarke second wife of Forrest E. Mars Jr. Adrienne Bevis wife of John Mars (married June 1958), Susan Alleman Mars wife of Frank E. Mars, Sarah Ann Robbins (born April 19, 1968) wife of Michael John Mars (married 1993), David H. Badger first husband of Jacqueline Mars (married 1961, divorced 1984), Andrew Towne Carey (born 1966/1967) husband of Alexandra Mars Badger (married 1991), Graysen Leslie Airth daughter of Alexandra Badger and Alan Airth, Harold 'Hank' Vogel second husband of Jacqueline Mars (married 1986, divorced in 1994), Ethel Veronica Healy (1884 December 20, 1945) second wife of Frank C. Mars (married 1910, widowed 1934), president of Mars Candy Company, Chicago, after death of husband, This page was last edited on 25 September 2022, at 00:43. 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. He and his wife, Audrey, lived apart for a lot of their marriage she kept a penthouse apartment at The Watergate. Sign up for our newsletter to stay up to date. She's been a board member of Fiat Chrysler since 2014 and is also a board member of Ahlstrom-Munksjo, a Finnish-Swedish paper company. However, Mars has more recently started trying to shed its secretive history. 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. 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. Millions of high-quality images, video, and music options are waiting for you. (Photo by Aurora Rose/Patrick McMullan via Getty Images) Get personalized pricing by telling us when, where, and how you want to use this asset. As well as its eponymous Mars bar, the company makes Snickers, Milky Way and M&Ms.Credit:Ben Rushton. Jacqueline and her ex-husband David Badger have three children. The victims urged the court not to seek jail time for Jacqueline, who pleaded guilty. Graysen Airth is a Business Strategy and Marketing Intern at Selendy Gay Elsberg based in New York, New York. Rounding out this years top five is Facebooks Mark Zuckerberg. Mark Zuckerberg, founder and CEO of Facebook, saw his wealth rise by 108 percent to $113.5 billion. And yet times have changed," Badger said. However, Mars has more recently started trying to shed its secretive history. Christie Deverian, 53 Newport Beach, CA. For years, the family was known for being "notoriously private", keeping their personal lives and Mars Inc out of the public eye. Jacqueline Mars, centre, and her granddaughters, Graysen Airth, left, and Katherine Burgstahler, right. The filmmakers wanted M&Ms in the film. Picture: ALAMY The Mars family sits on top of a delicious empire. Virginia resident Pamela Mars is the next highest Virginia resident on the Forbes list. Jacqueline also supports the US Olympic Equestrian Team and is a trustee of the US Equestrian Team Foundation. The International Debutante Ball. Sign up for free Patch newsletters and alerts. Collect, curate and comment on your files. He and his wife, Audrey, lived apart for a lot of their marriage - she kept a penthouse apartment at The Watergate. Founder Frank Mars learned to hand-dip chocolates at a young age; in 1911, he began selling chocolate from his kitchen in Tacoma, Washington. 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. That alone justifies their amazing $94 billion net worth. 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. Reputation Score: 1.24 - 3.31. RM 2DHF8KG - 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, USA, on Saturday, The Mars family sits on top of a delicious empire. Credit: Ron Sachs / Pool via CNP - NO WIRE SERVICE - Photo: Ron Sachs/Consolidated News Photos/Ron Sachs - Pool via CNP. Another 250 whod fallen off in the past made a reappearance, according to Forbes. I can't change what happened," Mars, who planned to help the family, said in a statement. Mars worked actively with the company until 2001 when she retired but kept serving on the directing board until 2016. Around 86 percent of those named on the Forbes list are richer today than they were before the pandemic. They rarely, if ever, give press interviews or, with the exception of Jacqueline Mars and Victoria B. Mars, are photographed in public. Please try again later. 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. Read it here or follow BusinessInsider Australia on Facebook. Sign up for our newsletter to stay up to date. Pre-pay for multiple images and download on demand. Both men live in Maryland, and remain on the Forbes billionaire list. Mars is the second biggest candy company in the U.S. Hershey is the biggest. I cant change what happened, Mars said. Morningstar food analyst Mitchell Howard called Mars a very, very quiet company. The clan are worth a staggering $94 billion . It is also the company behind Uncle Ben's Rice, Pedigree dog food, and a number of other brands. The top result for your search is Graysen Airth age 20s living in Newport Beach, CA in the Bayshores neighborhood. Morningstar food analyst Mitchell Howard called Mars a "very, very quiet company". In 2013, Jacqueline was involved in a car crash in Loudon County. Mars Inc says it can attribute its success to the five principles that Pamela Mars called the bedrock of the company: quality, responsibility, mutuality, efficiency and freedom. 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. Win $2,000 at the Alexandria Wedding Showcase! He and his second wife Ethel V. Mars started the Mars Candy Factory in 1911 in Tacoma, Washington. They made the first chocolate nougat, setting the foundation for Milky Way Bars and Snickers. Overview of Graysen Leslie Airth Lives in: Durham, NC Birth Year: 1999 Drivers License: No More about Graysen Airth The numbers will likely spark outrage, writes Forbes Chief Content Officer Randall Lane. When Forrest jnr passed away, his four daughters - Victoria, Valerie, Pamela, and Marijke - inherited an equal stake. 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. But one thing will always remain private: the company itself. Then, after her divorce, she and Vogel started discussing marriage. NEW YORK, NY - DECEMBER 29: Miss Graysen Leslie Airth and Alan Airth attend The International Debutante Ball at The Pierre Hotel on December 29, 2018 in New York City. 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. 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. 238. Save up to 30% when you upgrade to an image pack. Jacqueline Mars, centre, and her granddaughters, Graysen Airth, left, and Katherine Burgstahler, right. Recently, the company has started to open up about its business to be transparent to consumers and attract talent, Badger told Business Insider. Soon-to-be-former Amazon CEO Jeff Bezos retained the top spot on this years list for the fourth consecutive year. According to Forbes, Valerie and Marijke both work at Mars and serve on the companys board of directors. 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. I cant change what happened, Mars, who planned to help the family, said in a statement. Mars Inc says it can attribute its success to the five principles that Pamela Mars called the bedrock of the company: quality, responsibility, mutuality, efficiency and freedom. Witnesses said that Mars was not speeding or driving erratically before the accident.". Forrest Mars Jr. died in 2016 in Seattle due to complications from a heart attack. RMKKXH8T - Washington DC, USA. Nicknamed "the Kremlin", the Mars Inc headquarters are based in the Virginia suburbs and have been described as "secretive" and "anonymous". 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. During the last few years, the Mars family and company executives have started to speak out. Both he and Jacqueline run the Mars Foundation, which donates to educational, environmental, cultural, and health-related causes. While the Mars family has remained private over the years, it's helped them keep their anonymity, Joseph Astrachan, an expert in family enterprises, told The Guardian. Christopher Deverian, 54 Newport Beach, CA. 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. Press-shy and limelight-avoidant, the Mars family remains a bit of a mystery. 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. She's been chairman of Mars, Inc. since 2014. 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. 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 Saturday, December 2, 2017. Ethel's horse won the Kentucky Derby in 1940, securing her "station in mint-julep society". 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. She has spent her entire career in the family business. 3, followed by Bill Gates at No. Melbourne is the 'friendliest city in the world', Former AFLW star who had a concussion sues Collingwood. The driver, who was pregnant, lost her 8-months-old unborn baby as well. And yet times have changed," Badger said. Unlike his parents, Forrest snr was relatively frugal. We care about the protection of your data. When Forrest snr died in 1999, his children Jacqueline, John, and Forrest jnr Mars inherited a stake in the company. 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. 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. Streamline your workflow with our best-in-class digital asset management system. Terms and Conditions - Digital Subscription, Terms and Conditions - Newspaper Subscription. . The Mars family is determined to keep the company in the family. We did chores around the house, we went to school. Press-shy and limelight-avoidant, the Mars family remains a bit of a mystery. They owned a $US20,000 Deusenberg town car and had two getaway homes in Wisconsin and Tennessee. When Forrest jnr passed away, his four daughters Victoria, Valerie, Pamela, and Marijke inherited an equal stake. Jacqueline and her ex-husband David Badger have three children. Advertisement Local News 31 on last years ranking. Founder Frank Mars learned to hand-dip chocolates at a young age; in 1911, he began selling chocolate from his kitchen in Tacoma, Washington. Mars, Inc. is the sixth-largest privately owned business in the U.S. Worldwide sales top $35 billion. Jacqueline Badger Mars stands by the tree during a cast party held at British Ambassador Peter Westmacott's home in Washington, D.C. on Dec. 13, 2012 | Photo: GettyImages. She is also involved in businesses outside of the family empire. Mars met Harold Hank Vogel in 1980 at the Washington International Horse Show. We did chores around the house, we went to school. Since then, the company has become known for the eponymous Mars Bar, 3 Musketeers, Twix and M&Ms. We collect and tell stories of people from all around the world. This image could have imperfections as its either historical or reportage. Quiet company your search is Graysen Airth is a trustee of the US Equestrian Team and is trustee... Mitchell Howard called Mars a `` very, very quiet company 35 billion planned to help family! 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