NET WORTH

John Mars Net Worth: $31.8 billion

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Biography

John Franklyn Mars is the owner of Mars, Incorporated. Born on October 15, 1935 in Virginia, USA, he attended Hotchkiss School and obtained his Bachelor’s Degree at Yale University. After graduating, he served in the US Army for two years (1956-1958) before he finally entered his family business. His father, Forrest Sr., had the greatest influence on his decisions. Trying to live up to his father’s expectations, he grew up to be hardworking, committed, and goal-oriented. Furthermore, he was awarded an honorary knighthood by Queen Elizabeth II at Windsor Castle on March 2015. As the main brain behind Mars, Inc., John Mars is described as the 22nd richest billionaire in the world, with an estimated net worth of $31.8 billion.


How did John Mars make his money?

His career in business kicked off when he and his siblings inherited the company in 1999 after their father succumbed to death. Although the company Mars, Inc. was founded by his grandfather in 1911, it hit big time when John’s father took over. He introduced the malt-flavor nougat which became the cornerstone of their famous candy line: Milky Way, Snickers, 3 Musketeers, M&M’s, Twix, and Skittles. In addition to these famous sweets, Mars, Inc. also makes pet food brands like Whiskas, Pedigree, and Uncle Ben’s Rice. Moreover, the $23 billion acquisition of the famous gum maker Wrigley’s in 2008 paved way to more profitable business dealings and transactions. To date, John Mars and his siblings earn $31.6 billion dollars in sales, making Mars, Inc. the leading confectionery in the world today.


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