How Candy Heiress Jacqueline Mars Became One of the Richest Women in America
When people talk about heiresses, the conversation frequently leads to the likes of celebutante Paris Hilton. On the other end of the spectrum is Jacqueline Mars. Unlike Hilton, the public won’t see Mars gracing high-profile events or starring in reality shows. Despite her family’s wealth and popularity, the 80-year-old heiress to the Mars Incorporated fortune keeps a low profile and it’s all seemingly thanks to her upbringing.
Jacqueline and her two brothers, Forrest Jr., and John, were raised by their parents in a very private and frugal manner. These same characteristics were reportedly exhibited by her father, Forrest Sr., with the way he ran the company he co-founded with his own father.
He wasn’t stingy when it came to his children’s education though choosing to send them all to the finest schools around at the time. Still, Forrest Sr. insisted on one thing: never trust outsiders. This cautious way of dealing with people outside their circle, especially the press, resulted in members of Mars family sharing personal information or even giving interviews.
One notable anecdote of Jacqueline’s desire for privacy involves Malcolm Forbes, the publisher of Forbes magazine. As the story goes, she was crossed by the businessman and even threatened to leave the party they were both in during the ‘80s because he violated her family’s privacy.
The incident happened around the same time the Marses were declared among America’s richest families by Forbes. They continue to hold the distinction to this day. The Mars family’s collective net worth is currently estimated to be around $90 billion.
As a whole, they’ve even grown wealthy enough to be the third richest in the world. Jacqueline, on her own, has a fortune of $37 billion, which reportedly makes her the fourth richest woman in America. The company is now being led by the fourth generation of the family.
Keeping Things in the Family
The company initially passed on to Jacqueline’s eldest brother before it eventually came to her and John’s ownership in 2016 when Forrest Jr. died. They are reportedly keen on keeping the business within the family.
It’s worth noting that Mars Incorporated is currently being led by the CEO and president, who was appointed in 2014. Mars Incorporated remains to be one of the largest privately-owned companies in the world.
More in Lifestyle
Tips On Getting Financially Organized
Money management and learning how to get the most out of every dollar is key to being successful because it allows...October 17, 2022
Here Are Some Best Sellers in Self-Help Books
Books can serve a variety of functions—from entertainment to education , but self-help books are intended to assist us in improving...October 4, 2022
Here’s Why Having A Chief Of Staff Is Necessary For Your Family Business
Family Businesses are a great way to generate generational wealth. They provide the community with experts in the field, but family...September 20, 2022
Do You Know Which Celebrities Had Famous Parents?
Long gone are the days when the children would inherit their parent’s profession; now, a farmer’s child may not become a...September 15, 2022
Wealthy Russians Are Quietly Unloading Real Estate Across The U.S.
For the longest time, wealthy Russians have made real estate investments in the United States. These oligarchs purchased a large number...September 7, 2022
Are You An MBA Graduate? Here Are Some Worthwhile Career Opportunities For You!
Having an MBA degree is a big plus nowadays. You can find tremendous career opportunities for MBA graduates, from human resources...August 24, 2022
Here’s What Every Entrepreneur Ought To Know About Seed Money
Starting a new business is just as exciting as it sounds. In fact, it is the first step towards becoming financially...August 16, 2022
Marilyn Monroe’s Secret Love That Ended In Miscarriage And Heartbreak
Marilyn Monroe is a name many people remember and will continue to remember as long as the American entertainment industry lives!...August 14, 2022
How Much Money Does It Take To Be Considered Wealthy In The U.S.?
The United States is a large and diverse country with big regional variances and even noticeable differences from one city to...July 31, 2022