John Franklyn Mars is a businessperson and heir from the United States. John Mars is the Chairman of Mars, Incorporated, the popular candy company with brands such as Mars, M&Ms, Milky Way, Snickers, and Juicy Fruit and he is the son and grandson of Forrest Mars, Jr. and Frank C. Mars.
As of July 2022, the Bloomberg Billionaires Index assessed his net worth to be USD$49.6 billion, placing him as the world’s 22nd richest person (tied with his sister Jacqueline)
John Mars Biography and Net Worth
|Net Worth $49.6 Billion|
|Full name John Franklyn Mars|
|Birth Date Oct 15, 1935|
|Age 86 years|
|Birthplace Arlington, Virginia, US|
|Occupation Chairman Mars Inc.|
|Spouse Adrienne Bevis|
John Mars Early Life
On October 15, 1935, John Franklyn Mars was born. He is the son of American candy firm Mars, Incorporated founders Audrey Ruth (Meyer) and Forrest Mars, Sr., and the grandson of Frank C. Mars. Mars attended Hotchkiss School in Lakeville, Connecticut, and Yale University.
When his father refused to spend money on a comfortable life in order to establish his business, John learned lessons about the economy living with food and money. With the passage of time, he formed the practice of working for whatever he desired in his life, with no access to fashionable clothes, automobiles, or other privileges. Their father in order to turn them into useful citizens rather than playboys imposed this hard lifestyle on John and his brother, Forrest Mars Junior.
John Mars Career
When John grew up and became capable of earning a living, his hard work in childhood was rewarded. After graduating from Yale, John joined the United States Army, where he served for two years, 1956-1958. Following this, he joined his family business with his father’s permission; his first task was to establish a pet food firm in Australia, distant from his home.
Despite the fact that the task was difficult for an entry-level businessperson to crack, he travelled to Australia on purpose and began working on his assignment. He advanced steadily in his business, learning many lessons along the way, and now oversees the firm’s pet food operations around the world.
Another problem occurred when Hershey became the main company in America in 1988, relegating Mars to second place for the first time in the industry’s history. During this time, John worked alongside his brother, Forrest Jr., to restore the company’s position, for which he bought Ethel M Chocolates, a company founded by their father after he turned over Mars to them. This action extended their firm’s operations and, together with several other smart initiatives, returned the company to its respected position in 1991.
Taking on every challenge that came his way, John turned into a successful businessman and is widely regarded as Mars’ major brain and decision-maker. Furthermore, he is credited with pushing the company toward automation, which allowed it to increase output and, as a result, expand to other countries outside of the United States. Thus, the training that began in childhood propelled John Mars to great success.
In March 2015, Queen Elizabeth II was awarded an honorary knighthood on him at Windsor Castle.
John Mars Wife and Children
In June 1958, he married Adrienne Bevis. They have three children: Linda Anne Mars (age 62) born May 23, 1960, Frank Edward Mars (age 59) born March 13, 1963, and Michael John Mars (age 59) born November 22, 1967 (age 54). He used to live in Fairfax County, Virginia, but now calls Jackson, Wyoming home. Mars was the highest-ranked person whose photograph was unavailable to the magazine in the Forbes rankings of personal fortune from 2010 to 2014.
John Mars Net Worth
John ranked as the 21st richest person on earth with an estimated net worth of 49.6 Billion. John Mars owns one-third of the confectionery corporation Mars Inc., with the remainder owned by his sister and four nieces. The corporation earned $35 billion in revenue in 2015. Mars is the maker of well-known candy bars such as Snickers, Twix, and Milky Way. Mars paid $23 billion to buy Wrigley’s gum company in 2008. Mars had announced plans to buy out Berkshire Hathaway’s $2.1 billion interest in Wrigley and to pay $7.7 billion for animal hospital operator VCA Inc.
According to Forbes, as a member of the Mars family, his stake in the company and other assets were worth US$10 billion in September 2010, ranking him 52nd in the world and 26th in America. Mars is the 30th richest person in the world, with an estimated net worth of $20.1 billion as of October 2012.
He was the 28th richest person in the world, according to the Hurun Global Rich List 2015, with a net worth of US$26 billion. In 2016, his net worth increased to $29 billion, making him the world’s 19th richest person.