info@ceoworld.biz
Saturday, April 13, 2024
CEOWORLD magazine - Latest - Success and Leadership - The Mars Family is America’s Second Richest Family and a Candy and Pet Food Empire

Money and WealthSuccess and Leadership

The Mars Family is America’s Second Richest Family and a Candy and Pet Food Empire

The Mars family, including siblings Jacqueline and John Mars, along with the four daughters of their late brother Forrest Jr., are the owners of Mars Inc., a global powerhouse in the candy and pet food industries. With an impressive revenue of $47 billion in 2022, Mars Inc. boasts a portfolio of iconic brands such as M&Ms, Snickers, Ben’s Original Rice, and Pedigree dog food.

The company’s roots trace back to 1911 when Frank Mars pioneered the sale of buttercream candy from his kitchen in Tacoma, Washington. Since then, the Mars family has continued to shape the company’s trajectory. Forrest Sr., Frank’s son, joined the business in 1929, playing a pivotal role in developing the malt-flavored nougat that would later become the foundation of Milky Way.

Over the years, Mars Inc. has expanded its reach and diversified its offerings. In 2017, the company made a significant move by acquiring animal hospital company VCA for $9 billion, bolstering its presence in the pet care sector.

Despite its vast size and global presence, Mars Inc. remains a family affair. Several family members are actively involved in the company’s operations, with some serving on the board of directors. Notably, Jacqueline’s son, Stephen Badger, and Forrest Jr.’s daughter, Victoria, contribute to the company’s governance.

From its humble beginnings to its status as a Fortune 500 company, Mars Inc. stands as a testament to the Mars family’s entrepreneurial spirit and commitment to excellence in the candy and pet food industries.

 

Have you read?
EXCLUSIVE: The Top 10 F1 drivers of 2023.

Report: Jordan Citizenship by Investment Programme, 2023.
Report: Malta Citizenship by Investment Programme, 2023.
Report: Saint Lucia Citizenship by Investment Programme, 2023.
Report: St Kitts and Nevis Citizenship by Investment Programme, 2023.
Report: Türkiye Citizenship by Investment Programme, 2023.

CEOWORLD magazine - Latest - Success and Leadership - The Mars Family is America’s Second Richest Family and a Candy and Pet Food Empire
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz