Basic Information About Jacqueline Mars
|Business › Billionaires
|Date of birth
|1939-10-10 (84 years old)
|United States of America
Jacqueline Mars: A Philanthropist and Heiress with a $55 Billion Net Worth
When it comes to wealth and philanthropy, few individuals can match the stature of Jacqueline Mars. As the daughter of Forrest Edward Mars, Sr., and the granddaughter of Frank C. Mars, founders of Mars, Incorporated, she has not only inherited a vast fortune but has also dedicated her life to making a positive impact on the world.
What is Jacqueline Mars Known For?
Jacqueline Mars is best known for her significant influence in the candy industry through Mars, Incorporated. As one of the leading American candy companies, Mars, Inc. owns beloved brands such as Skittles, M&M’s, Mars Bar, Starburst, and Snickers. Additionally, Mars, Inc. produces popular snack items like Combos and Altoids, capturing the hearts of consumers worldwide.
Beyond her involvement in the candy business, Jacqueline Mars has gained recognition for her philanthropic efforts, supporting various organizations dedicated to the arts and environmental and cultural conservation. Her passion for these causes has allowed her to make a lasting impact on society and further cement her legacy as more than just a businesswoman.
Early Life and Education
Jacqueline Mars was born on October 10, 1939, to Forrest Mars Sr. and Audrey Ruth. Her family’s entrepreneurial spirit ran deep, with her paternal grandfather, Frank C. Mars, having founded the iconic confectionary and food company, Mars.
Mars attended Miss Hall’s School in Pittsfield, Massachusetts, where she received her early education. Growing up, she developed a love for equestrianism and participated in numerous equestrian shows. Later, she pursued higher education at Bryn Mawr College in Pennsylvania, where she graduated in 1961 with a degree in anthropology. Her diverse educational background has given her a broad perspective on life and shaped her into the well-rounded individual she is today.
A Successful Career
After completing her education, Jacqueline Mars joined Mars, Incorporated in 1982 as the food product group president. Over the years, she played a pivotal role in the company’s success, contributing to its continuous growth and expansion. Her expertise and business acumen led to her being actively involved in the company until her retirement in 2001.
During her tenure, Mars witnessed Mars, Inc. become one of the largest privately held companies in the United States. Known for its iconic candy brands, including Milky Way bars, Mars bars, M&M’s, Snickers, Twix, and Skittles, the company also boasts a diverse range of non-confectionary food items such as Combos, Ben’s Original, Dolmio, and Pedigree pet foods. Through Mars’ subsidiary Wrigley, they produced the popular Orbit gum. With an annual revenue of over $45 billion, Mars, Inc. continues to dominate the candy market.
Mars’ Philanthropic Endeavors
Beyond her achievements in the business world, Jacqueline Mars has embraced philanthropy as an essential part of her life. She is committed to supporting various causes, with a particular focus on the arts and environmental and cultural conservation.
Mars serves on the boards of directors of notable organizations such as the Washington National Opera and the National Sporting Library and Fine Arts Museum, playing a crucial role in promoting and preserving the arts. She is also part of the National Advisory Council of the Journey Through Hallowed Ground, aimed at preserving a historic area extending from Gettysburg, Pennsylvania to Charlottesville, Virginia.
Furthermore, Mars actively donates to the League of Conservation Voters, an environmental advocacy organization that promotes sustainable policies and ensures accountability among elected officials. She stands as a role model for using her wealth and influence to make a positive impact on the world.
An Unfortunate Accident
Even individuals with great fame and fortune are not immune to life’s tragedies. In 2013, Jacqueline Mars was involved in an automobile crash on US Route 50 in Aldie, Virginia. While driving near her home in the Plains, she crossed the center line and collided with a minivan carrying six passengers. Tragically, one passenger lost their life, and another, who was pregnant, suffered a miscarriage.
Mars took full responsibility for the accident, claiming that she fell asleep at the wheel. She was subsequently charged with misdemeanor reckless driving. The post-accident tests found no drugs in her system, maintaining that it was a result of fatigue rather than impaired driving.
Personal Life and Legacy
In 1961, Jacqueline Mars married her first husband, David H. Badger. Together, they had three children named Alexandra, Stephen, and Christa before divorcing in 1984. Her son Stephen is actively involved in the food and health industry as a general partner at the March Group, a venture capital firm. He is also a board member of Island Press, a publisher that focuses on ecology and conservation-themed books. Stephen even co-produced the acclaimed 2013 documentary film “Muscle Shoals.”
After her divorce from Badger, Mars found love again and married Harold Vogel in 1986. They lived in Bedminster, New Jersey, until their divorce in 1994. Though her personal life has seen its fair share of ups and downs, Jacqueline Mars has shown resilience and determination throughout.
Main Achievements: An Unrivaled Net Worth
With a net worth of $55 billion, Jacqueline Mars has undeniably secured her spot among the world’s wealthiest individuals. As one of the primary shareholders of Mars, Incorporated, she owns one-third of the company, with the remaining ownership distributed among her brother and four nieces.
Throughout her lifetime, Mars has not only contributed to the business empire built by her family but also created a lasting legacy through her philanthropic endeavors. Her dedication to supporting the arts, environmental conservation, and cultural preservation has left an indelible mark on society.
In conclusion, Jacqueline Mars is more than just a billionaire heiress. She is someone who has used her wealth and influence to drive positive change in the world. Through her involvement in Mars, Inc. and her generous philanthropy, she has built a legacy that extends far beyond the candy aisle. Her commitment to the arts, environmental sustainability, and cultural preservation serve as an inspiration to us all.