Jacqueline Mars was born on the 10th day of October, 1939 in the USA. According to Forbes, Mars has a net worth of $22 billion. If the name Mars sounds familiar, you probably have eaten one of her family’s products. Mars Bars.
A huge percentage of Jacqueline Mars’ wealth comes from the business venture that was laid by her forefathers - Mars, Incorporated. A granddaughter to the famous Frank C. Mars and the daughter of Forrest Edward Mars, Sr., Jacqueline Mars inherited a business that her grandfather started and her father transformed into a multimillion venture. Alongside her two brothers, John and Forrest Jr., they inherited the now $31.6 billion empire, probably the largest candy company in the world.
Mars Incorporated is popular for manufacturing famous confectionary items such as Snickers, Milky Way and Mars bar. In addition, the company also manufactures non-confectionary items such as Uncle Ben’s Rice, Combos and Domino. This business began from Frank’s home kitchen in 1911, where he made chocolates and was later expanded by Forrest when he introduced innovations such as malt-flavored nougat as well as M&Ms that currently have over 400 million pieces produced on a daily basis in the U.S. Despite the exponential growth Mars Incorporated has experienced over the years, it is still family owned.
Jacqueline Mars went to school in Miss Hall’s School in Massachusetts and later she joined Bryn Mawr College where she graduated with an anthropology degree in 1961.
Mars and her two brothers took over control of Mars, Inc. back in 1999 following the death of Forrest Sr. John Mars took over the position of CEO and Jacqueline Mars was made the company’s Corporate Vice-President. Despite their links to the company, none of their family members holds an executive position in the organization.
In 2008, Mars, Inc. made a major step in boosting its net worth by acquiring gum maker Wrigley in a $23 billion deal. Although a big beneficiary of her father’s estate, Jacqueline Mars’ wealth is not entirely dependent on Mars, Inc.
Mars has also made some notable charitable contributions including donations to the Australian Outback doctors and National Symphony Orchestra. Being a lover of horses, Mars is a member of the board of the United States Equestrian Team Foundation. She also owns a specialized farm that specifically deals with organic farming.
Despite having received little publicity, Mars had a hand in a number of conservation initiatives including the Washington National Opera, the Kennedy Centre, the Piedmont Environmental Council and the National Museum. As a result, Mars was awarded with a Foundation for the National Archives Heritage award. Through her charitable initiative named the Mars Foundation, she contributes to different causes.
Outside of being a rich female billionaire, Mars hit the headlines last year when she hit a Chrysler with six people, one being a 86 year old woman who died on the spot, and another woman carrying a 8 month pregnancy losing her baby through miscarriage. Mars pleaded guilty and the victims asked the judge to pardon her since they had forgiven her too. Mars was not incarcerated but was fined $2,500 and her driving license suspended for 6 months.
In personal matters, Mars married David H. Badger in 1961 and she divorced him in 1984 after giving birth to three children. She married Hank Vogel two years later but the couple divorced in 1994.