What is Jacqueline Mars’s net worth?
| Net Worth: | $55 Billion |
|---|---|
| Age: | 83 |
| Born: | October 10, 1939 |
| Gender: | Female |
| Height: | 1.72 m (5 ft 8 in) |
| Country of Origin: | United States of America |
| Source of Wealth: | Heiress |
| Last Updated: | March 8, 2023 |
Introduction
Jacqueline Mars is an heiress to the American Mars company fortune.
Her grandfather, Franklin Clarence Mars, founded the biggest candy company in the world, Mars Incorporated in 1911. It is now one of the top five privately held companies in the US.
Mars graduated from Bryn Mawr College with a degree in anthropology but has also proven to have a sound business and finance mind.
She is the 18th richest American and appears at number 21 on the list of world billionaires.
As of March 2023, Jacqueline Mars’s net worth is estimated to be $55 Billion.
Jacqueline Mars Facts
- Jacqueline Badger Mars retired from Mars Inc. in 2001 after almost 20 years at the company.
- She was appointed to the position of food product group president in 1982.
- Jacqueline’s son, Stephen Badger, is on the Mars company’s board of directors.
- It is estimated that Jacqueline received one-third of the shares in the candy company.
- She was formerly on the board of the Washington National Opera and serves on the board of the National Archives.
- With her experience in dressage, show jumping and cross country, Mars was appointed as one of the trustees of the U.S. Equestrian team.
Early Life
Jacqueline Badger Mars was born on 10 October 1939, in Washington DC, United States. Her father was the founder’s son, Forrest Mars, Sr., while her mother is Audrey Mars. She has two brothers, John Mars and Forrest Mars, Jr.
Her education started at Miss Hall’s School and she ended up graduating from Bryn Mawr College with a degree in anthropology. With her family in the candy business, Jacqueline was the heiress to Mars, Incorporated.
Career
Jacqueline and her brothers took over the family business when their father passed away in 1999.
Mars incorporated provides a wide variety of confectionary, specifically the Mars Bar everyone is fond of, as well as M&M’s, Milky Way, Snickers and many more.
Not only does the company focus on candy, but also non-confectionary products such as Combos Baked Snacks, Uncle Ben’s Rice, and Dolmio Pasta Sauces. The company acquired Wrigleys from Warren Buffet in 2008 for $23 billion and now holds more than 50% of the gum market in the US.
The company also supplies a variety of pet food and pet care products, including Pedigree, Whiskas, and Eukanuba, and has acquired the animal-hospital chain, VCA.
Jacqueline made headlines in 2013 when she killed a passenger in a minivan and caused the miscarriage of another when she fell asleep at the wheel of her vehicle. She subsequently pleaded guilty to reckless driving.
In keeping with her wealth, Jacqueline is a philanthropist who sits on multiple boards of charity organizations as well as the Smithsonian and the National Archives.
Jacqueline does not believe in going public with the company, preferring not to list it as a publicly traded entity. Some other members of the board do not share this view.
The company is incredibly secretive, almost to the point of paranoia. For this reason, it is difficult to know exactly just how much Jacqueline earns or even the true number of shares she owns in Mars Inc.
However, given her lavish lifestyle and the billions that the company makes in revenue each year, we’re sure that her estimated earnings are close to the mark.
Being that Mars is one of the largest chocolate confection producers in the world, Jacqueline is often irreverently referred to as the chocolate queen.
Jacqueline Mars’s Career Earnings
Apart from the dividends she receives from the massive company, Jacqueline has also received a substantial salary as a board member and executive. Now that she has retired, she is still retained as a strategic advisor to help steer the company.
It is believed that Jacqueline Mars earns a total salary in excess of $3.5 billion annually.
Here’s an estimated overview of Jacqueline Mars’ annual income:
- Jacqueline Mars’ Salary in 2015 – $2.5 billion
- Jacqueline Mars’ Salary in 2016 – $2.8 billion
- Jacqueline Mars’ Salary in 2017 – $3 billion
- Jacqueline Mars’ Salary in 2018 – $3 billion
- Jacqueline Mars’ Salary in 2019 – $3.1 billion
- Jacqueline Mars’ Salary in 2020 – $3.3 billion
- Jacqueline Mars’ Salary in 2021 – $3.2 billion
- Jacqueline Mars’ Salary in 2022 – $3.5 billion
Jacqueline Mars’s Net Worth Annually
Inheriting a third or more of the multi-billion dollar Mars empire has made Jacqueline Mars one of the wealthiest women in the world.
Here’s a breakdown of Jacqueline Mars’s annual net worth:
- Jacqueline Mars’s Net Worth In 2017 – $29 billion
- Jacqueline Mars’s Net Worth In 2018 – $31 billion
- Jacqueline Mars’s Net Worth In 2019 – $33 billion
- Jacqueline Mars’s Net Worth In 2020 – $36 billion
- Jacqueline Mars’s Net Worth In 2021 – $40 billion
- Jacqueline Mars’s Net Worth In 2022 – $53 billion
Her net worth will naturally continue to grow, even if she does nothing at all. But given her well-known financial and business acumen, we’re sure that her fortune will continue to increase even more over the coming years.
Personal Life
Jacqueline married David H. Badger in 1961 and went on to have three children with him. The couple were divorced in 1984. Two years later, Jacqueline married Harold ‘Hank’ Vogel in 1986 but got divorced in 1994.
She has three children; Stephen M. Badger, Alexandra Badger, and Christa Badger. Jacqueline likes to spend her free time horse riding and you can see more on her official website where she provides info on her numerous medals due to her riding ability.
The Mars family is secretive and Jacqueline prefers to keep her personal life private. She seldom gives interviews and little is known about her personal life.
Awards & Achievements
When you are born into great wealth, it is easy to coast through life without doing much. This is not Jacqueline Mars’ way. She is strong-minded and takes her current role at Mars very seriously.
Here are some of the most memorable moments from Jacqueline Mars’ career:
- In 2021, Jacqueline was awarded the USA President’s Lifetime Achievement Award.
- Jacqueline is the first recipient to be awarded the National Archives Foundation’s Heritage Award, given to her in 2011.
- In 2015, Jacqueline was awarded the R. Bruce Duchossois Distinguished Trustee Award.
- She was selected for the Professional Riders Organization “As You Like it, Owners” award in 2011.
- Jacqueline was once recognized as America’s richest woman but that title has now been taken by Jeff Bezos’ wife.
Jacqueline is now retired but continues to play an active role in directing the Mars fortune as well as many charity organizations.
How Does Jacqueline Mars Spend Her Money?
Jacqueline is well known for her philanthropic work. She is a part of many different boards, including the board of directors for the National Sporting Library, Washington National Opera, and the Fine Arts Museum.
She has founded her own charitable foundation, the Mars Foundation, which has made huge donations to different charitable cases including the Australian Outback Doctors and National Symphony Orchestra.
It is said that Jacqueline is the only member who closely reflects her billionaire status in her lavish lifestyle. She has the most expensive cars in the world and her choice of watches, jewelry, and clothing, match her bank balance.
Jacqueline takes a keen interest in her country’s Olympic team, being a trustee of the US Equestrian Team.
It is reported that Jacqueline listed her New Jersey estate for $2 million and currently maintains her mother’s Watergate Penthouse.
Jacqueline owns a horse farm located in Virginia which contains highly trained horses by Olympic medalists.
Highlights
Jacqueline Mars spent 20 years helping to manage the affairs of the world’s largest chocolate company. In that time, the company grew enormously, acquiring competitors and growing market share.
Here are some of the best highlights of Jacqueline Mars’s career:
- She is particularly proud of her degree in anthropology, acquired from Bryn Mawr.
- In 2001, Jacqueline was part of the decision-making group that brought the worldwide hit, Orbit gum, to market.
- During the time that Jacqueline was involved, Mars became the largest manufacturer of pet food in the USA.
- As Chairman of the Washington National Opera and the National Museum of Women in the Arts board trustee, Jacqueline is proud of her contribution to the promotion of the arts.
- In keeping with her interest in sport, she is also Vice Chairman of the National Sporting Library & Museum.
Due to their secretive nature, the Mars family tends to shun the limelight, preferring to do their best work behind closed doors.
Favorite Jacqueline Mars Quotes
Over the years, Jacqueline has used her position and wealth to help many different people and causes.
Here are our favorite quotes from Jacqueline Mars:
- “Dare to dream – who would have known that Mars would invest in pet food and pet care? What started as a candy brand has now developed into a multi-million-dollar firm with so many possibilities? ” – Jacqueline Mars
- ” Don’t give up. Just because an idea didn’t work out the first time, doesn’t mean it won’t work at all. Keep working on it and learn from your mistakes – could you imagine a life without Mars bars? ” – Jacqueline Mars
- ” Standing with the poor means walking away from unethical leaders, even when their companies are ‘succeeding.’ I think we so often equate leadership with being experts – the leader is supposed to come in and fix things. But in this interconnected world we live in now, it’s almost impossible for just one person to do that ” – Jacqueline Mars
- ” Give back. We say this constantly, but giving back is so important! The fact that Mars gives back to some causes close to my heart, especially in the equestrian world, is so heart-warming and can make you think about your own life ” – Jacqueline Mars
- ” The experiences, friendships, and events that I’ve been a part of have been wonderful. All I can say is, ‘Thank you all so much for what you have given me ” – Jacqueline Mars
3 Amazing Lessons From Jacqueline Mars
As one of the world’s richest women, Jacqueline Mars has been able to do a lot of good throughout her life.
Now that you know all about Jacqueline Mars’s net worth, here are some of the best success lessons to learn from Jacqueline Mars:
1. It’s Important to Give Back
No matter how rich or famous you are, it is always important to give back.
2. Give People A Second Chance
People make mistakes. It is up to you how you go on from there.
3. Family Before All Else
Always stay loyal to your family and your family business.
Summary
Jacqueline Mars was lucky enough to receive the golden ticket to a company that has been successful since the early 1900s.
Despite her privileged position, she was determined to contribute to the company’s financial position.
Jacqueline is a perfect example of what hard work, dedication, and leadership can do to help achieve success. She is an inspiration to business owners everywhere and continues to increase her family fortune through her hard work.
As of March 2023, Jacqueline Mars’s net worth is estimated to be $55 Billion.
