As one of the most talked-about figures, Frank VanderSloot has built a significant fortune. Our team analyzed the latest data to provide a clear picture of their income.
What is Frank VanderSloot's Net Worth?
Melaleuca has substantial international operations, with a quarter of its revenue coming from places such as Taiwan, Japan, Australia, and the United Kingdom. However, the Federal Trade Commission has found that fewer than 0.29% of the company's distributors make any profit at all, and upwards of 99% lose money. Melaleuca is a member of the Direct Selling Association, a US trade association that does PR and political lobbying on behalf of the multi-level marketing industry. VanderSloot served on the association's board of directors from 2008 to 2010.
Frank VanderSloot was born on August 14, 1948 in Billings, Montana to Margaret and Peter. The family resided in Sheridan, Wyoming and Hardin, Montana before settling on a ranch in Cocolalla, Idaho in 1949. VanderSloot attended Sandpoint High School, graduating in 1966. While in school, he joined the LDS Church. VanderSloot went on to attend Brigham Young University in Provo, Utah, but left after two semesters to serve a mission in the Netherlands. After coming back from the two-and-a-half-year mission, he went to Ricks College in Rexburg, Idaho, where he obtained an associate's degree in business. VanderSloot then returned to BYU, earning his bachelor's degree in marketing in 1972.
In 1985, VanderSloot joined Oil of Melaleuca, a startup multi-level marketing firm in Idaho Falls operated by his brother Allen and brother-in-law Roger. The firm was questioned by the FDA, and it soon shut down. VanderSloot subsequently founded another multi-level marketing company, Melaleuca Inc., which sells nutritional supplements, personal-care products, and cleaning supplies. He also became its president and CEO. The company became very controversial, and between 1991 and 1997 was investigated by various state and federal government bodies for marketing violations.
In 1993, VanderSloot founded Riverbend Ranch, a large ranch and commercial cattle operation. The ranch runs a genetics and breeding program and won over 20 awards at the Utah State Fair in the 1990s. Also during the decade, VanderSloot founded the holding company Natural Guardian. He later bought Riverbend Communications, a radio-station network in eastern Idaho, and HighStone, an asphalt construction and maintenance company in Idaho Falls. The latter merged with DePatco in 2011.
Frank VanderSloot is an American entrepreneur, businessman, and political campaign financier who has a net worth of $3.3 billion. Frank is therichest person in Idaho.
Following his graduation from college, VanderSloot worked at Automatic Data Processing for close to a decade. He did stints in three different cities and worked in sales, marketing, and finally general management. After ADP, VanderSloot became regional vice president of Cox Communications in Vancouver, Washington.
Frank VanderSloot is the founder and former CEO of the multi-level marketing company Melaleuca Inc., and his other major business interests include Riverbend Ranch and Riverbend Communications. In politics, he served as a national finance co-chair forMitt Romney'sfailed presidential campaigns in both 2008 and 2012.
Ultimately, Frank VanderSloot's financial journey is a testament to their success.
Disclaimer: All net worth figures are estimates based on public data.
