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William Wrigley Jr
Rank #1145
UNITED STATESFood & BeverageChewing gum

William Wrigley Jr

Net Worth
$3.568B
0% (24h)
William Wrigley Jr. (born October 6, 1963) is an American businessman and investor, best known as the former Chairman and CEO of the Wm. Wrigley Jr. Company. The great-grandson of the company's founder, he represents the fourth generation of Wrigley leadership. His career included leading the company through a period of global expansion. In 2005, he acquired Altoids and Life Savers for $1.46 billion. In 2008, he oversaw the sale of the company to Mars, Inc. for $23 billion. He later became the CEO of cannabis product-maker Parallel in 2018. Wrigley's focus now includes private investments and managing family wealth. His net worth is estimated at $3.6 billion, primarily from the chewing gum fortune and subsequent ventures. His contributions to the confectionery industry, along with his family's ownership of the Chicago Cubs, are notable achievements.

The Full Dossier

Early Life

William Wrigley Jr. was born on October 6, 1963. He is the son of William Wrigley III, grandson of Philip K. Wrigley, and great-grandson of William Wrigley Jr., who founded the Wm. Wrigley Jr. Company in 1891. He graduated from the Phoenix Country Day School in Phoenix, Arizona. He received his undergraduate degree from Duke University in 1985 and earned his MBA from the Wharton School of the University of Pennsylvania.

Rise to Success

William Wrigley Jr. is an heir to the Wrigley's chewing gum fortune. He took over the business from his great-grandfather in 1999. Under his leadership, the company expanded beyond chewing gum by purchasing Altoids and Life Savers from Kraft Foods in 2005 for $1.46 billion. He oversaw the sale of Wm. Wrigley Jr. Company to Mars, Inc. in 2008 for $23 billion.

Key Business Strategies

Wrigley’s success came through savvy marketing and innovation. The original William Wrigley Jr. focused on advertising and giving away chewing gum as a premium. Wrigley's brands, such as Spearmint and Juicy Fruit, became well-known. Wrigley's also expanded internationally, opening plants in other countries and advertising in more than 30 languages.

Philanthropy

William Wrigley Jr. is involved in philanthropy and has donated to various charities, including the Chicago Symphony Orchestra and the Art Institute of Chicago.

Career Timeline

2018

CEO of Parallel

Became CEO of a cannabis product-maker.

2008

Sale to Mars, Inc.

Sold the Wrigley Company for $23 billion.

2005

Acquisition of Altoids and Life Savers

Expanded the company's portfolio.

1999

CEO of Wm. Wrigley Jr. Company

Became CEO of the company his great-grandfather founded.

1985

Joined Wrigley Company

Began working for the family business.

Philanthropic Impact

ArtsUndisclosed

Chicago Symphony Orchestra

Donated to the Chicago Symphony Orchestra

ArtsUndisclosed

Art Institute of Chicago

Donated to the Art Institute of Chicago

Wealth Trajectory