Frank L. VanderSloot was born on the 14th August 1948, in Billings, Montana USA, and is an entrepreneur and businessman, who is probably best known for being the founder and the CEO of the wellness company Melaleuca, Inc.. Previously, he was the Vice-President of Cox Communications, and he is also recognized for being on the board of directors and executive board of the US Chamber of Commerce. His career has been active since the mid- 1970s.
Have you ever wondered how rich Frank VanderSloot is, as of late 2016? It is estimated by authoritative sources that the total sum of Frank’s net worth is as high as $1.2 billion, which has been accumulated through his successful career in the business industry.
Frank VanderSloot Net Worth $1.2 Billion
Frank VanderSloot is the son of Peter Francis VanderSloot and Margaret May Christensen Sindberg-Woodley VanderSloot. He grew up in various cities, including Hardin, Montana, and Sheridan, Wyoming, before the family settled in Cocolalla, Idaho. He matriculated in 1966 from Sandpoint High School, and when he was 16 years old, he became a member of The Church of Jesus Christ of Latter-day Saints (LDS). He attended Ricks College in Rexburg, Idaho, graduating with an Associate’s Degree in Business, and later he earned a BA degree in Business Administration from Brigham Young University.
Following his college graduation, Frank found a job with Automatic Data Processing in the area of human resources management, and spent next nine and a half years, working in three different cities. After he left the ADP, he was hired as the regional vice-president at Cox Communications. However, his life changed for the better in mid- 1980s, when he was invited by his brother-in-law Roger Ball and Roger`s brother to take over Melaleuca Inc., which was a startup multi-level marketing company, but was in a complete mess.
Frank couldn`t restore the company, and it was shut down the same year, however, he formed a new company under same name, keeping the old distributors and products. Since then, Melaleuca has become one of the leading sellers of nutritional supplements, cleaning supplies and personal care products, which has only increased Frank`s net worth. Nowadays, Melaleuca deals internationally, while its headquarters are in Idaho Falls, Idaho USA, and also in Knoxville, Tennessee. Melaleuca`s products can be bought directly from the company`s website or retail locations.
Apart from Melaleuca, Frank has started several more successful businesses, including Riverbend Ranch in 1993. In 1995 he founded the holding company Natural Guardian Limited Partnership, which owns around 1,500 acres in Wolverine Canyon, Bingham County, Idaho. Furthermore, Franks owns Riverbend Communications, which operates a number of radio stations in Eastern Idaho, including, KCVI Kbear 101, KEII News-Talk AM 690 – 1260, KLCE Classy 97, KEIR AM 1260, and KTHK 105.5 The Hawk, which has also increased his net worth.
Frank is also quite active in politics, supporting republican presidential candidates including Mitt Romney and Marco Rubio among others, but has also endorsed democratic candidates, such as Jackie Groves Wilega and others.
Throughout his career, Frank has received several prestigious awards, including the Idaho Business Leader of the Year award, given by the Idaho State University for 1998. In 2001 he was the receiver of the Ernst & Young Entrepreneurs of the Year Award, and in 2007 he was inducted into the Idaho Hall of Fame, among many other awards.
Regarding his personal life, Frank VanderSloot has been married to Belinda VanderSloot since 1995. He is the father of 14 children – six from his previous marriages with Vivian and Kathleen, and eight from Belinda’s previous marriage. Their current residence is in Idaho Falls, Idaho. In spare time, he is very active as a philanthropist, as he founded the Melaleuca Foundation, through which he has supported causes like education and health
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