302. Frank Van­der­sloot

Forbes - - PROMOTION -

$2.7 billion  ) self-made score: source: Well­ness Prod­ucts age: 69 res­i­dence: idaho falls, id B.s., Brigham young ’72 Van­der­sloot started sav­ing for col­lege at age 12, when he took over his fam­ily’s small farm while his fa­ther worked as a rail­road la­borer. His dad, whose school­ing stopped at the 3rd grade, be­lieved he was never pro­moted be­cause of his lack of ed­u­ca­tion. So he sat his son down and stressed its im­por­tance. “He ex­plained that he would not have the money to send me, so I needed to start sav­ing,” says Van­der­sloot. He sold ex­cess cream not used by the fam­ily for $2.50 per week and did odd jobs on nearby farms to pay for 5 semesters. Once at BYU, he found work clean­ing a laun­dro­mat, where he lived in a small room with a hot plate and twin bed. “My big­gest prob­lem was the mice that kept get­ting into my food,” he says. Af­ter grad­u­a­tion, he went to work for ADP and Cox Com­mu­ni­ca­tions be­fore launch­ing Me­laleuca in 1985. The “well­ness com­pany” makes more than 450 prod­ucts, in­clud­ing health sup­ple­ments and eco-friendly house­hold clean­ers.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.