Who is William (Beau) Wrigley?
Beau Wrigley is a US billionaire and heir to the Wrigley chewing gum fortune. Born in October 1963, he is married to Sue and has four children (three from a previous marriage). He lives in Florida and was the Chairman of the Wrigley Chewing Gum Company, which was sold to Mars for $23 billion.
Wrigley Chewing Gum
The Wrigley Company is an American chewing gum company founded in 1891 by William Wrigley Jr., William’s great-grandfather. The company started selling baking powder and gifted packages of chewing gum with the baking powder. But the gum became more popular, and the company focused on producing chewing gum. The Doublemint® brand was launched in the US in 1914 and has since become one of the world’s best-selling chewing gums.
In 2005, Wrigley purchased the famous Life Savers candy from Kraft Foods for $1.5 billion. Wrigley is now the largest manufacturer and marketer of chewing gum in the world, sold in more than 18 countries, with more than 16,000 employees.
Sold to Mars
In 2008, Wrigley was sold to Mars for $23 billion in cash. In that year, Wrigley realized revenue of more than $5 billion and a net profit of more than $900 million. This acquisition made Mars the largest confectionery company in the world.
In conclusion, Beau Wrigley is an influential figure in the world of confectionery, with his family’s Wrigley chewing gum company becoming a household name worldwide. The sale of the company to Mars solidified their position as the largest confectionery company in the world, and Beau Wrigley’s legacy will undoubtedly continue to influence the industry for years to come.
How Much is William Wrigley Net Worth?
His net worth is estimated at $3 billion. His father owned 25% of Wrigley stock. His father had 3 children, so Bill inherited roughly 8% (and his brother Philip Wrigley and sister Alison Wrigley Rusack the other 16%). In 2008 the company was sold to Mars for $23 billion in cash. Wrigley’s share must have been $2 billion.
Resources
https://en.wikipedia.org/wiki/William_Wrigley_Jr._II
https://www.forbes.com/profile/william-wrigley-jr/
https://en.wikipedia.org/wiki/Wrigley_Company
https://www.mars.com/made-by-mars/mars-wrigley
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