Mark R. Hughes
- January 10, 2024
- American Businessman
Quick Facts
Full Name | Mark R. Hughes |
Occupation | American Businessman |
Date Of Birth | Jan 1, 1956(1956-01-01) |
Age | 68 |
Date Of Death | 2000-05-21 |
Birthplace | La Mirada |
Country | United States |
Birth City | California |
Horoscope | Capricorn |
Mark R. Hughes Biography
Name | Mark R. Hughes |
Birthday | Jan 1 |
Birth Year | 1956 |
Place Of Birth | La Mirada |
Home Town | California |
Birth Country | United States |
Birth Sign | Capricorn |
Parents | Jo Ann Hughes, Jack Reynolds |
Spouse | Darcy LaPier , Suzan Schroder , Kathryn Whiting |
Children(s) | Alexander Reynolds Hughes |
Mark R. Hughes is one of the most popular and richest American businessman who was born on January 1, 1956 in La Mirada, California, United States. Hughes is Born Hughes was born in La Mirada, California in
- He was the son born to Jack Reynolds and Jo Ann Hughes. The couple divorced in 1970 after Mark was 14 and his mother remained in custody of Mark.
In 1976, twenty-year-old Hughes started selling diet-related products in the name of Seyforth Laboratories, a multilevel marketer. He was one of the company’s top earners of the top 100. Following the collapse of Seyforth fell apart in 1979 Hughes then began selling fitness equipment and weight-control items to a company called Golden Youth, also a direct-sales company. While at Golden Youth in 1979 that Hughes became acquainted with Kathryn Whiting, the first of the four beauty pageant winners who he would wed at the beach. Whiting was an ex- “Miss Santa Monica,” was at the time a 21-year-old student at a college pursuing an education in medical science. As Golden Youth also went out of the business, Hughes decided to start his own company.
In February 1980, aged 24, Hughes founded Los Angeles-based Herbalife International. It has since become one of the world’s largest distributors of Herbalife products through multi-level marketing, with sales of about $3.5 billion in 2007 and 2.1 million Independent Distributors. Now in 95 countries and achieving record retail sales of $7.5 billion in 2013 according to company statements.
In March 1985, the California attorney general and the state Department of Health Services charged him and Herbalife with making “untrue or misleading” product claims—primarily involving the caffeine content of some Herbalife products—and operating an “endless chain marketing scheme.”
Hughes was just 19 and was still employed by CEDU in the year his mother passed away in her home of accidental overdose of a drug on the 27th of April in 1975. In the autopsy reports, a number of empty prescription bottles were found in her bed. Her doctor informed the coroner that they “was known to over-ingest her prescription drugs.” Tests for toxicology revealed potentially fatal amounts of painkiller Darvon in her body.
Mark R. Hughes Net Worth
Net Worth | $5 Million |
Source Of Income | American businessman |
House | Living in own house. |
Mark R. Hughes is one of the richest American Businessman from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Mark R. Hughes 's net worth $5 Million. (Last Update: December 11, 2023)
Mark Reynolds Hughes (January 1 1956 – – May 21 April 20th, 2000) was an American businessman who was chairman, founder, and the CEO of Herbalife International Ltd, a multi-level marketing business.
At this time, the family lived on welfare benefits, and Hughes her mother being afflicted with “emotional problems.” She battled tension and obesity through sleeping pills and amphetamines. In the 9th grade Hughes was kicked out of school and started using substances for herself. “I was a little delinquent,” Hughes admits. “I got in trouble with the law.” When he was 16 the teenager was taken for treatment at CEDU High School, a private school for struggling students that was located in Running Springs, CA whose roots were linked to Synanon which was a group that was founded in 1958. It was later referred to as an occult. A part of Hughes’ CEDU rehab required him to raise money through the sale of raffle tickets. Hughes was the school’s top salesperson. “The approval there was based on how much funds you raised,” Hughes said to People magazine in 1985. “There was a lot of pressure, and I wanted to be the best right away.”
In the mid-1980s, Hughes was sued by the Food and Drug Administration, the California attorney general’s office, and the state Department of Health, over what they said were false health claims about Herbalife products and the various schemes used to market them. Health agencies accused the company of violating labeling standards and using improper sales practices.
Height, Weight & Body Measurements
Mark R. Hughes height Not available right now. Mark weight Not Known & body measurements will update soon.
Who is Mark R. Hughes Dating?
According to our records, Mark R. Hughes married to Darcy LaPier , Suzan Schroder , Kathryn Whiting. As of December 1, 2023, Mark R. Hughes’s is not dating anyone.
Relationships Record : We have no records of past relationships for Mark R. Hughes. You may help us to build the dating records for Mark R. Hughes!
Hughes’ then 9-year-old son, Alexander “Alex” Hughes, was named sole beneficiary of his father’s estate, estimated to be worth $400 million. Hughes’s will stipulated that, until Alex turns 35, the bulk of his inheritance would be held in a trust managed by Jack Reynolds (Alex’s paternal grandfather), attorney Conrad Klein, and Herbalife executive Christopher Pair. In 2006, the Los Angeles Superior Court ruled to remove Reynolds from supervising a $35 million custodianship after finding that he violated multiple probate laws by ceding control to Klein and commingling Alex’s personal assets with partnership accounts. Reynolds was suspended, but remained one of three trustees until 2013, when a judge in a separate lawsuit ordered the removal of all three for breaching the terms of the Trust by mismanaging the funds. After the removal, Alex chose Fidelity Investments to oversee the fund – a decision that was later reversed in a California Court of Appeal.
Facts & Trivia
Mark Ranked on the list of most popular American businessman. Also ranked in the elit list of famous people born in United States. Mark R. Hughes celebrates birthday on January 1 of every year.