#1286

Frank VanderSloot

United States 77 years old Self-Made

Overview

Source of Wealth
Nutrition, wellness products
Residence
Idaho Falls, Idaho
Education
Brigham Young University (Bachelor of Arts/Science)
Marital Status
Married
Children
14

Biography

Frank VanderSloot founded and runs Melaleuca, which makes more than 450 products ranging from health supplements to eco-friendly household cleaners.

Melaleuca sells direct from the factory to more than one million consumers every month through its online store.

Born into a poor farming family, VanderSloot ran the farm while his father worked a railroad job, then lived in a laundromat to pay his way through school.

He is a major landowner -- with an estimated 148,000 acres across Idaho, Utah and Montana -- and he runs a leading purebred angus cattle operation.

He is also an active political donor, giving millions to Republicans. He was a national finance co-chair for Mitt Romney's two presidential bids.

About

VanderSloot is an avid indoor rower and holds six world records.

In 2019, VanderSloot started what is now a $1 million fund to help Idahoans defend themselves from aggressive medical debt collection tactics.