Ownership is expected to pass on to their children, with one of them Stephen M. Badger, already the Chairman of the company. He died in 1934 after suffering from heart problems, leaving the company to his son, Forrest.As of the day this article was last updated, the company is currently owned by Franklin Clarence Mars’ grandchildren, Jacqueline Mars, John Franklyn Mars, Forrest Mars Jr, all of whom are the children of Forrest Edward Mars Sr. Other notable children in the Mars family include Valerie Anne Mars, Victoria B. Mars, Pamela Mars-Wright, Marijke Elizabeth Mars.It is believed that the family’s net worth remains third in the world due to their refusal to make Mars, Incorporated a publicly traded company, unlike the first two names on the list.The Mars family is known for its utmost secrecy, a fact that has increased their greatness.

Forrest Sr. fell out with his father; in 1932, he was given the recipe for the Milky Way Bar to start his own business.Recently, the company has started to open up about its business to be transparent to consumers and attract talent, Badger told Business Insider.Hollis Johnson/Business Insider„The family has always believed that the biggest contribution toward the world we want tomorrow is through the good that Mars, Inc. can do every day, and the family reinvests the vast majority of any profit made back into the company,“ a company spokesperson told Business Insider.„He was an iconic leader – dedicated and highly respected,“ a Mars spokesperson told Business Insider.Since then, the company has become known for the eponymous Mars Bar, 3 Musketeers, Twix, and M&Ms. More than 400 million M&Ms are produced in the US every day.According to a Mars spokesperson, she received the first-ever Foundation for the National Archives‘ „Heritage Award,“ for her support of the National Archives and other arts and cultural institutions in Washington, DC.They also opened their Tennessee getaway home, the Milky Way Farms Racing Stables, to the public for fundraisers and public events. Ethel’s horse won the Kentucky Derby in 1940, securing her „station in mint-julep society.“Victoria, daughter of Forrest Mars Jr., is the former the chair of the board of directors of Mars Inc. A spokesperson for Mars told Business Insider that there are six rotating positions on the board.Mars Inc. can attribute its success to the five principles that Pamela Mars called the bedrock of the company: quality, responsibility, mutuality, efficiency, and freedom.She reportedly listed her estate in New Jersey for $2 million, has a place called Stonehall Farm in Virginia, and maintains her mother’s Watergate penthouse. She is the daughter of Forrest Mars, Sr., and granddaughter of Franklin Clarence Mars, founders of the popular candy company Mars, Incorporated.

Like her family, Jacqueline maintains privacy.John Stillwell – WPA Pool/Getty ImagesThe $35-billion firm is the country’s fifth-largest private business, and it was previously ranked as a best place to work by Fortune magazine.Growing up, Pamela lived in Holland and France for several years before moving back to the US for her father’s various Mars Inc. jobs. She moved up the ranks, and after a sabbatical, became chairman of the board, a position from which she later stepped down.„The Mars company and the family that owns the candy giant have turned secrecy into a way of life,“ wrote Pottker. In 2018, Mars was ranked as the 38th richest person in the … Mars, who is a noted equestrian, was looking for a pair of riding boots, and Vogel was selling on a booth.Then, after her divorce, she and Vogel started discussing marriage. He launched the company alongside another member of the would-be dynasty, Ethel V. Mars, who was his second wife.There have been several members of the Mars family from different generations. An example of such families are The Members of The Mars Family.She was born on October 10, 1939. She sits on several boards, including the National Sporting Library and Fine Art Museum, the Smithsonian, and the American Prairie Reserve.In 2013, Jacqueline was involved in a car crash in Loudon County. „I didn’t feel different to anybody else.

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