Frank VanderSloot

Frank VanderSloot

$3.35 B

Ranked #1247 in World

About Frank VanderSloot

Frank Leonard VanderSloot, an American entrepreneur, radio network owner, rancher, and political campaign financier, is the founder and former CEO of Melaleuca, Inc. Forbes listed VanderSloot as the richest person in Idaho and the 302nd wealthiest American in 2017 with a net worth of $2.7 billion. VanderSloot, born on August 14, 1948, has a diverse and successful career. He worked for Automatic Data Processing for over nine years before becoming the regional vice president at Cox Communications. VanderSloot founded Melaleuca Inc. in 1985, a multi-level marketing company that sells nutritional supplements, cleaning supplies, and personal-care products. Melaleuca operates internationally and reported gross sales of over one billion dollars in 2011 and $1.13 billion in 2012. VanderSloot is also involved in other businesses, including ranching, broadcasting, and paving and construction. His net worth is estimated to be around $2.7 billion, making him the richest person in Idaho.

Born

August 14, 1948 in Billings, Montana

Age

77 years

Source Of Wealth

Nutrition, Wellness Products

Industries

Fashion & Retail

Citizenship

United States

Residence

Idaho Falls, Idaho

Education

Bachelor of Arts/Science, Brigham Young University

Spouse

Belinda VanderSloot (married 1995-present), Vivian VanderSloot (divorced), Kathleen VanderSloot (divorced)

Parent

Peter Francis (Frank) VanderSloot Margaret May Christensen Sindberg-Woodley VanderSloot

Frank Leonard VanderSloot was born on August 14, 1948, in Sheridan, Wyoming, to Peter Francis (Frank) VanderSloot and Margaret May Christensen Sindberg-Woodley VanderSloot. He grew up in Sheridan, Wyoming, Hardin, Montana, and Cocolalla, Idaho. VanderSloot graduated from Sandpoint High School in 1966 and joined the Church of Jesus Christ of Latter-day Saints (LDS Church) at age 16. He studied at Brigham Young University in Provo, Utah, where he worked as a cleaner at a laundromat. VanderSloot served a two-and-a-half-year LDS Mission in the Netherlands before earning an associate's degree in business at Ricks College in Rexburg, Idaho. He returned to Brigham Young University and earned a bachelor's degree in marketing in 1972.

Frank VanderSloot: Family

Frank VanderSloot is married to Belinda VanderSloot, and together they have a large blended family. Frank has fourteen children: six from his two prior marriages and eight from Belinda's first marriage. The VanderSloots reside in Idaho Falls, Idaho.

Frank VanderSloot: Career Highlights

After completing his education, VanderSloot worked for 91⁄2 years at Automatic Data Processing (ADP) in three cities, holding positions in sales, marketing, general management, and operations. He then left ADP to work as regional vice president at Cox Communications in Vancouver, Washington.

In September 1985, VanderSloot became the helm of Oil of Melaleuca, Inc., a startup multi-level marketing business. However, the company faced challenges and shut down later in 1985.

Undeterred, VanderSloot founded Melaleuca Inc. in the same year, a multi-level marketing company selling nutritional supplements, cleaning supplies, and personal-care products. He serves as president and chief executive officer, and Melaleuca operates internationally, with U.S. operations centered in Idaho Falls, Idaho, and Knoxville, Tennessee.

VanderSloot has also ventured into other businesses, including ranching, broadcasting, and paving and construction. He founded Riverbend Ranch in 1993, one of the largest purebred ranches and largest commercial cattle operations in the United States. He owns Riverbend Communications, a group of radio stations in Eastern Idaho, and previously owned HighStone (formerly Eagle Rock Construction; RBH Gravel; VIP Construction), an Idaho Falls-based asphalt construction and maintenance company.

Frank VanderSloot: Companies

Frank VanderSloot is associated with the following companies:

  • Melaleuca, Inc.
  • Riverbend Ranch
  • Riverbend Communications
  • HighStone (formerly Eagle Rock Construction; RBH Gravel; VIP Construction)

Frank VanderSloot: Major Achievements

VanderSloot has achieved significant success in business and philanthropy. He is the founder and CEO of Melaleuca, Inc., a multi-billion dollar wellness company. He has also made substantial contributions to education, healthcare, and community development through the Melaleuca Foundation. VanderSloot has received numerous awards and recognitions for his accomplishments, including the Idaho Business Leader of the Year award, the Ernst & Young Entrepreneur of the Year Award, and induction into the Idaho Hall of Fame.

Frank VanderSloot: Awards & Achievements

  • Idaho Business Leader of the Year (1998)
  • Ernst & Young Entrepreneur of the Year Award (2001)
  • Inducted into the Idaho Hall of Fame (2007)
  • Idaho Hometown Hero medal (2011)
  • Horatio Alger Award (2015)
  • Patriot Award (2015)
  • Named fifth on the list of "100 Influential Idahoans of 2015"

Frank VanderSloot: Personal Life & Legacy

Frank VanderSloot is known for his strong religious beliefs and conservative political views. He is a prominent supporter of the Republican Party and has been involved in various political campaigns and initiatives. VanderSloot is also known for his philanthropy and has made significant contributions to various charitable causes through the Melaleuca Foundation. He is a respected figure in the business community and has left a lasting legacy through his entrepreneurial success and commitment to social responsibility.

Frank VanderSloot: Trivia

  • VanderSloot does not publicly disclose his personal worth, but Forbes estimated Melaleuca's worth at $1.4 billion in 2004, with VanderSloot's share valued at $700 million.
  • VanderSloot has been involved in several legal actions, including defamation lawsuits and threats of lawsuits against political critics and media outlets.
  • He has faced criticism for his views on LGBT issues, including his support for Proposition 8, which sought to rescind gay marriage in California.
  • VanderSloot is an avid outdoorsman and enjoys hunting, fishing, and spending time on his ranch.

Wealth History

Timeline

August 14, 1948

Frank Leonard VanderSloot is born in Sheridan, Wyoming.

1966

Graduates from Sandpoint High School in Idaho.

1972

Earns a bachelor's degree in marketing from Brigham Young University.

September 1985

Becomes the helm of Oil of Melaleuca, Inc., a startup multi-level marketing business.

1985

Founds Melaleuca Inc., a multi-level marketing company selling nutritional supplements, cleaning supplies, and personal-care products.

1993

Founds Riverbend Ranch, one of the largest purebred ranches and largest commercial cattle operations in the United States.

1994

Creates Natural Guardian Limited Partnership, a holding company owning or leasing approximately 1,500 acres of land in Wolverine Canyon, Bingham County, Idaho.

2003

Founds the Melaleuca Foundation, a private non-profit corporation.

2006

Purchases Riverbend Communications, a group of radio stations in Eastern Idaho, from Bonneville Communications.

2007

Donates $1 million to the Idaho State University College of Business.

2008

Serves as a finance co-chair for Mitt Romney's presidential campaign.

2011

Donates $1 million to the Idaho Falls Community Hospital.

2012

Serves as a finance co-chair for Mitt Romney's presidential campaign again.

2013

Donates the New Sweden School building to the American Heritage Charter School.

2015

Receives the Horatio Alger Award and the Patriot Award.

2017

Listed in Forbes 400 as the 302nd wealthiest American with a net worth of $2.7 billion.

June 2020

The FTC sends a warning letter regarding false and deceptive earnings claims during the COVID-19 pandemic.

Frank VanderSloot : FAQs

What is Frank VanderSloot's current net worth?

Frank VanderSloot's current net worth is $3.35 billion.

What is Frank VanderSloot's current global rank among billionaires?

Frank VanderSloot holds the 1247th position globally among billionaires.

What is Frank VanderSloot's current ranking within the United States?

Frank VanderSloot holds the 457th position in United States.

What was the change in Frank VanderSloot's net worth compared to the previous year?

Frank VanderSloot's net worth increased by 115.73 million dollars compared to the previous year 2025, when his net worth was 3.23 billion dollars.

What are Frank VanderSloot's main sources of wealth?

Frank VanderSloot's main source of income comes from Nutrition, Wellness Products.

In which industry does Frank VanderSloot primarily operate?

Frank VanderSloot is primarily involved in the Fashion & Retail industry.

What is Frank VanderSloot educational background?

Frank VanderSloot holds a Bachelor of Arts/Science from Brigham Young University.

How old is Frank VanderSloot?

Frank VanderSloot is 77 years old.

How many children does Frank VanderSloot have?

Frank VanderSloot has 14 children.

What is Melaleuca, Inc.?

Melaleuca, Inc. is a multi-level marketing company that sells nutritional supplements, cleaning supplies, and personal-care products. Frank VanderSloot serves as the president and CEO of the company.
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