Billionaire and philanthropist
SALT LAKE CITY Utah billionaire and philanthropist Jon Huntsman Sr., who overcame poverty to become one of the state’s most successful and powerful people, died Friday at age 80.
The Huntsman Corp., which he founded, said in a statement that Huntsman died at his home, surrounded by family.
Huntsman was the founder and longtime executive chairman of the $11 billion company that refines raw materials that go into thousands of products. He was also the father of Jon Huntsman Jr., the U.S. ambassador to Russia and former Utah governor, presidential candidate and ambassador to China and Singapore.
The elder Huntsman and his family have given away more than $1.4 billion, including donations to a Salt Lake City cancer institute that bears his name.
“Cancer is hideous and deplorable and must be conquered, and it will be, as any evil eventually is defeated,” Huntsman wrote in his 2014 autobiography. He said he would see to it that the institute continues its mission “if it takes my last dollar — and I expect that will be the case.”
In 1970, Huntsman founded the Huntsman Container Corp., which focused on food packaging and pioneered the clamshell container used for McDonald’s Corp.’s Big Mac hamburger. He formed Huntsman Chemical Corp. in 1982 and more than a decade later, consolidated his companies as Huntsman Corp., producing materials used in a wide range of products, from textiles and paints to plastics components.
Huntsman stepped down from his role in December and his son Peter Huntsman took over as the company’s leader. His father continued to serve on the company’s board of director and was named chairman emeritus.
“He leaves behind a great company, but even more so, a legacy of optimism, ethical behavior and philanthropy that will serve as his greatest accomplishments,” Peter Huntsman said in a statement.
Jon Huntsman gave more than $100 million in the mid-1990s to establish a research center at the University of Utah dedicated to finding a cure for cancer through human genetics. Huntsman, who lost both his parents to cancer and fought his own battle with the disease, eventually gave more than $400 million to the Huntsman Cancer Institute and its foundation.
The billionaire and his family also gave generously to Utah’s homeless shelters. and aviation