Rank #1319
Frank VanderSloot
Net worth $3.2B
Nutrition, wellness products · United States
- Born
- Aug 14, 1948
- Age
- 77
- Source
- Nutrition, wellness products
- Residence
- Idaho Falls, Idaho
- Citizenship
- United States
- Marital status
- Married
- Children
- 14
- Education
- Bachelor of Arts/Science, Brigham Young University
Net worth over time
Biography
- Frank VanderSloot founded and runs Melaleuca, which makes more than 450 products ranging from health supplements to eco-friendly household cleaners.
- Melaleuca sells direct from the factory to more than one million consumers every month through its online store.
- Born into a poor farming family, VanderSloot ran the farm while his father worked a railroad job, then lived in a laundromat to pay his way through school.
- He is a major landowner -- with an estimated 148,000 acres across Idaho, Utah and Montana -- and he runs a leading purebred angus cattle operation.
- He is also an active political donor, giving millions to Republicans. He was a national finance co-chair for Mitt Romney's two presidential bids.
- VanderSloot is an avid indoor rower and holds six world records.
- In 2019, VanderSloot started what is now a $1 million fund to help Idahoans defend themselves from aggressive medical debt collection tactics.