Mumbai
₹ 14,820 /gm (-1.21%)
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.
August 14, 1948 in Billings, Montana
77 years
Nutrition, Wellness Products
Fashion & Retail
United States
Idaho Falls, Idaho
Bachelor of Arts/Science, Brigham Young University
Belinda VanderSloot (married 1995-present), Vivian VanderSloot (divorced), Kathleen VanderSloot (divorced)
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:
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
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
Frank Leonard VanderSloot is born in Sheridan, Wyoming.
Graduates from Sandpoint High School in Idaho.
Earns a bachelor's degree in marketing from Brigham Young University.
Becomes the helm of Oil of Melaleuca, Inc., a startup multi-level marketing business.
Founds Melaleuca Inc., a multi-level marketing company selling nutritional supplements, cleaning supplies, and personal-care products.
Founds Riverbend Ranch, one of the largest purebred ranches and largest commercial cattle operations in the United States.
Creates Natural Guardian Limited Partnership, a holding company owning or leasing approximately 1,500 acres of land in Wolverine Canyon, Bingham County, Idaho.
Founds the Melaleuca Foundation, a private non-profit corporation.
Purchases Riverbend Communications, a group of radio stations in Eastern Idaho, from Bonneville Communications.
Donates $1 million to the Idaho State University College of Business.
Serves as a finance co-chair for Mitt Romney's presidential campaign.
Donates $1 million to the Idaho Falls Community Hospital.
Serves as a finance co-chair for Mitt Romney's presidential campaign again.
Donates the New Sweden School building to the American Heritage Charter School.
Receives the Horatio Alger Award and the Patriot Award.
Listed in Forbes 400 as the 302nd wealthiest American with a net worth of $2.7 billion.
The FTC sends a warning letter regarding false and deceptive earnings claims during the COVID-19 pandemic.
What is Frank VanderSloot's current net worth?
What is Frank VanderSloot's current global rank among billionaires?
What is Frank VanderSloot's current ranking within the United States?
What was the change in Frank VanderSloot's net worth compared to the previous year?
What are Frank VanderSloot's main sources of wealth?
In which industry does Frank VanderSloot primarily operate?
What is Frank VanderSloot educational background?
How old is Frank VanderSloot?
How many children does Frank VanderSloot have?
What is Melaleuca, Inc.?