John Franklyn Mars was born on 15 October 1935, in Arlington County, Virginia, USA. He is widely recognized as the co-owner of the Mars confectionary company, along with his siblings Forrest Jr. and Jacqueline. This association has secured his position as the joint 22nd richest person globally, according to Forbes magazine’s 2015 rankings.
Forbes magazine estimates John Mars’ net worth to be $27 billion, primarily attributed to his one-third ownership of the Mars company, where he has been serving as the CEO since 1999. The Mars family legacy dates back to Frank C. Mars, who reportedly started the American candy company, Mars, Incorporated, in the kitchen of his Tacoma, Washington home in 1911.
Having received his education at the Hotchkiss School in Lakeville, Connecticut, John Mars went on to graduate from Yale University with both a BA and BSc in engineering in 1957.
With his brother Forrest Jr., and sister Jacqueline, John Mars is part of the ownership of Mars, which stands as the world’s largest candy company, following its acquisition of Wrigley’s in 2008. At its core, the company boasts famous brands such as Milky Way, M&M’s, 3 Musketeers, Twix, Skittles, and Snickers. Mars Incorporated has since diversified into consumer and pet foods, encompassing well-known brands like Uncle Ben’s Rice and Whiskas.
After their father’s passing in 1999, John Mars, along with his brother and sister, assumed control of the family business. Currently, John holds the position of CEO of the company, while Jacqueline was appointed as the Corporate Vice President of Mars Inc.
John Mars married Adrienne Bevis in 1958, and they have three children. The family currently resides in Jackson, Wyoming. Like numerous billionaires, John Mars is known for his philanthropic initiatives, including a $2 million donation to establish and permanently endow the Forrest Mars Sr. Visiting Professorship in Ethics, Politics, and Economics at Yale University.
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