The Mars family, owners of the confectionery giant Mars, Inc., has an estimated net worth of $94 billion. This staggering fortune, amassed through a century-old empire of candy, pet care products, drinks, and gum, places them as the third-richest family in America.
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Summary of Mars Family Net Worth
|Year||Rank||Estimated Net Worth|
|1999||29, 30, 31 (Forrest Mars Sr. and his two sons)||$4 billion each|
|2010||52 (Forrest Mars’s children)||$11 billion each|
|2016||3 (USA)||$94 billion|
|2020||One of the richest families globally||$126 billion|
Detailed Analysis of Mars Family Net Worth
Although the Mars family has always been known for their staunch privacy, a recent analysis of their net worth provides some insight into their wealth. The family fortune is primarily built on the confectionery giant, Mars, Inc., maker of popular treats such as Snickers, Mars Bars, Milky Way, Twix, and M&M’s.
The family also has interests in pet care products, drinks, and gum, diversifying their income sources.
Mars Family: A History of Wealth
The Mars family fortune began with the establishment of Mars, Inc. over a century ago. The company has since grown into a global confectionery giant, contributing significantly to the family’s wealth.
Upon the death of Forrest Mars Sr. in 1999, his two sons and he were ranked among the richest Americans, each with an estimated worth of $4 billion.
Third-Richest Family in America
In 2016, the Mars family was ranked as the third-richest family in America, with a net worth of $94 billion. This ranking was based on a report by the left-leaning Institute for Policy Studies.
As of 2020, the combined private fortune of the family members was estimated at around $126 billion.
Privacy and the Mars Family
The Mars family is known for their dedication to privacy. They rarely give press interviews or appear in public, contributing to the mystery surrounding their wealth.
However, in recent years, the family and Mars Inc. executives have begun to speak out more, shedding some light on their operations.
Mars Family and Tax Lobbying
According to a 2006 report, the Mars family was among 18 billionaire families who have lobbied Congress since the 1990s to eliminate the estate tax.
This lobbying effort suggests the family’s active involvement in shaping policies that could potentially affect their wealth.
Legacy of the Mars Family
The Mars family’s wealth is not just limited to the current generation. Forrest Mars Jr.’s four daughters inherited his wealth when he died in 2016, with three of them working for the company as of 2019.
This inheritance and continued involvement in the company suggest a strong family commitment to maintaining and growing their fortune.
The Mars family’s estimated net worth of $94 billion, derived from a century-old empire, underscores their significant influence in the confectionery industry. Despite their notable privacy, recent years have seen an increased openness, providing a glimpse into the operations of one of the world’s richest families.
1. Who are the Mars family?
The Mars family are the owners of the confectionery company Mars, Inc.
2. How much is the Mars family worth?
As of 2016, the Mars family had an estimated net worth of $94 billion.
3. What does Mars, Inc. produce?
Mars, Inc. is known for its candy products, but it also produces pet care products, drinks, and gum.
4. How does the Mars family rank among the richest families in America?
The Mars family was ranked as the third-richest family in America in 2016.
5. Are the Mars family involved in any other industries?
Yes, apart from confectionery, the Mars family also has interests in pet care products, drinks, and gum.
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