Who is William (Beau) Wrigley?
Beau Wrigley is a US billionaire and heir to the Wrigley chewing gum fortune. He was born in October 1963. He is married to Heather. He has 4 children (3 from a previous marriage). He lives in Florida.
He was Chairman of the Wrigley Chewing Gum Company, which he sold to Mars for US$ 23 billion..
Wrigley Chewing Gum
The Wrigley Company is an American chewing gum (Wrigley’s gum) company founded in 1891, by William Wrigley Jr. (William’s great grandfather).
The company started selling baking powder. If we understand correctly it 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 U.S. 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 US$1.5 billion
Wrigley is now the largest manufacturer and marketer of chewing gum in the world. It is sold in more than 18- countries. The company has more than 16,000 employees.
Sold to Mars
In 2008 Wrigley was sold to Mars for US$ 23 billion in cash. In that year Wrigley realized revenue of more than US$ 5 billion and a net profit of more than US$ 900 million.
William Wrigley Net Worth
His net worth is estimated at US$ 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 US$ 23 billion in cash. Wrigley’s share must have been US$ 2 billion.