What is Jacqueline Mars Net Worth?

Jacqueline Mars Net Worth is US$ 38 Billion as of January 2023.

Biography

Jacqueline Mars net worth is estimated to be approx US$ 38 Billion as of 2023.

Jacqueline Mars is an American businesswoman and investor who has served on the board of directors for candy bar giant Mars, Incorporated since 1997. She is Forrest Mars Sr.’s granddaughter and Jacqueline Badger Mars’s daughter. Since taking her seat on the board of Mars Incorporated in 1997, Jacqueline has remained actively involved in the family business. In addition to helping to guide a strategic vision for global operations, she supports numerous non-profit organizations, including the U.S Fund for UNICEF, National Gallery of Art, Smithsonian Institute, Yale School of Management, Boston Children’s Hospital, Main Street Project (Minneapolis), Winston Churchill Foundation of the United States, Mt Holyoke College Women’s Leadership Council investments in novel technologies such as telemedicine practices.

She leaves an indelible mark at home and abroad by infusing her knowledge into area businesses and charities.

Early Life

Jacqueline Mars was born in October 1939 in Manhattan to a wealthy family who was the founder of the multinational candy company Mars, Incorporated. She is the daughter of Forrest E. Mars, Sr, who bought Milky Way and Snickers when they were struggling profitable businesses in 1923 and 1928, respectively, launching the family’s confectionary empire. Jacqueline was raised with her three siblings in France and New Jersey. She attended Madeira School in McLean, Virginia, for high school before heading to Vassar College, where she obtained her Bachelor’s Degree in Psychology and later went on to get an MBA from Harvard Business School.

After graduating college, she joined Mars Incorporated as a financial analyst and quickly rose through the company ranks before becoming a Vice President at Mars Candy while her father was still CEO. Jacqueline served as Executive Vice President of Worldwide Human Resources for over a decade and took on other high-level responsibilities before retiring from Mars Incorporated in 1990.

Career

Jacqueline joined the family business in 1982 as a non-executive director like her father and two brothers. She held this position until 2016 when she relinquished her shareholdings due to ill health. At the helm, she influenced decisions on numerous acquisitions and brand expansions, notably helping launch M&M’s Crispy globally.

In addition to her business pursuits, Jacqueline has long been an active philanthropist. She was instrumental in establishing The Breakers Mansion Consortium in 1994 (now known as The Preservation Society of Newport County), a charitable trust providing conservation grants across Rhode Island that today extends far beyond Newport County itself. The organization encourages the adaptive reuse of historic buildings and provides scholarship programs for university students keen to pursue careers related to landmark preservation across Rhode Island’s towns and cities. Jacqueline is a philanthropist who sits on multiple boards of charity organizations, the Smithsonian, and the National Archives. Jacqueline is against going public with the company and prefers not to list it publicly. Other members of the board don’t share this view.

The company is highly secretive, almost to the point that it can be considered paranoia. It is, therefore, challenging to determine Jacqueline’s exact earnings or the number of Mars Inc shares she holds. We are confident that her earnings will be close to her actual earnings, considering her lifestyle and the billions of dollars the company generates each year. Jacqueline, the chocolate queen, is frequently irreverently called Mars’ largest chocolate confection producer.

Jacqueline Mars Net Worth Growth

Jacqueline Mars net worth was US$ 225 Billion in 2018, which increased to US$ 300 Billion in 2023.

Highlights

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.
• When Jacqueline was involved, Mars became the largest pet food manufacturer 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 promoting the arts.
• In keeping with her interest in sports, she is also Vice Chairman of the National Sporting Library & Museum.

Key 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 served 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.

Favorite Quotes from Jacqueline Mars

“ Sometimes very small investments can release enormous, infinite potential that exists in all of us.”

– Jacqueline Mars

“ You have to learn to ask questions in a way that will elicit more nuanced answers, rather than the answers you would like to get.”

– Jacqueline Mars

 “ Even when early innovations start to succeed, it is not uncommon to see growing businesses sabotaged for threatening the status quo.”

– Jacqueline Mars

 “ Freedom is what beauty feels like when it can most express itself.”

– 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

Frequently Asked Questions

Summary

Jacqueline Mars is an American businesswoman and philanthropist. Born into the candy-making Mars family business, she is an heiress to the massive Mars Incorporated fortune. Mars has served as Vice President of Mars Inc., focusing on marketing and product development from 1982 to 2001. Since then, she has dedicated her time to philanthropy, serving as a trustee for American University, the U.S. Equestrian Team Foundation, and the U.S. Olympic Committee.

Jacqueline Mars’ involvement with philanthropic organizations reflects her commitment to sustainability and human rights worldwide. In addition to her charitable activities, she is involved in various animal welfare initiatives, including horse rescue and conservation societies. She often speaks publicly about her experiences as a female executive in a male-dominated industry. She strongly believes in developing a strong sense of personal responsibility within individuals that can then influence societal change.

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Anurag Sharma

He has been helping in business of varied scales, with key strategic decisions. He is a specialist in healthcare, medical devices, and life-science, and has accurately predicted the trends in the market. Anurag is a fervent traveller, and is passionate in exploring untouched places and locations. In his free time, he loves to introspect and plan ahead.