Frank Leonard Vander Slootborn August 14, 1948, is a prominent businessmanAmerican media owner, rancher, and political campaign financier.
He is mainly known for being the founder and former CEO of Melaleuca, Inc.., a multi-level marketing company that offers a wide range of products including nutritional supplements, cleaning and personal care products.
Who is Frank VanderSloot, the American billionaire who built an empire in the world of marketing
Frank Vander Sloot was born in 1948 and grew up in a rural environment in Cocolalla, Idaho. His parents, Peter Francis VanderSloot and Margaret May Christensen Sindberg-Woodley VanderSloot, settled in Idaho after living in Sheridan, Wyoming, and Hardin, Montana. His father worked as a painter for the Northern Pacific Railroad.
After graduating from Sandpoint High School In 1966, VanderSloot joined the Church of Jesus Christ of Latter-day Saints (LDS Church) at the age of 16. Then he studied at Brigham Young University (BYU) , Utah, where he worked and lived as a cleaner in a laundry.
After two semesters at BYU, VanderSloot left the university to fulfill a two and a half year mission for the LDS Church in the Netherlands. After his mission, he obtained a degree in marketing in 1972.
After graduating from BYU, he worked for nearly a decade at Automatic Data Processing (ADP) in sales, marketing, and general management. Later, it became regional vice president of Cox Communications in Vancouver, Washington.
In September 1985received an offer for direct Oil of Melaleuca, Inc.an Idaho Falls-based multi-level marketing company founded by his brother-in-law Roger Ball and Roger’s brother Allen Ball. VanderSloot took on the role of CEO and faced significant challenges dealing with regulatory issues and financial challenges. Despite the obstacles, VanderSloot managed to restructure the company and founded his own multi-level marketing company, Melaleuca, Inc., that same year.
He stopped being the CEO of Melaleuca in 2017. Following his retirement, VanderSloot did not completely abandon his involvement with the company. He remained active in the leadership and management of Melaleuca, but no longer served as CEO. Instead, He went on to assume the role of president of the company.
Frank VanderSloot is also known for his generosity and involvement in philanthropic activities. Over the years, he has supported various causes and charities both locally and nationally.
Other businesses and activities of VanderSloot
In addition to his leadership at Melaleuca, VanderSloot has ventured into other businesses and has owned several companies. Founded Riverbend Ranchone of the largest livestock and ranching operations in the United States. It is also owner of Riverbend Communications, a group of radio stations in Eastern Idaho, acquired from Bonneville Communications in 2006.
VanderSloot has also been involved in political and philanthropic activities. It has been an important Republican political campaign financier and has supported various causes and charities. Additionally, he is a member of the board of directors of the United States Chamber of Commerce.
How much is Frank VanderSloot’s fortune, according to Forbes
He is a major landowner, with an estimated 117,500 acres in Idaho, Utah and Montana, and runs a leading purebred Angus cattle operation. His accumulated net worth is 3.3 billion dollars.
Source: Ambito
I am Pierce Boyd, a driven and ambitious professional working in the news industry. I have been writing for 24 Hours Worlds for over five years, specializing in sports section coverage. During my tenure at the publication, I have built an impressive portfolio of articles that has earned me a reputation as an experienced journalist and content creator.
