Rated 5.00 out of 5 €799,99 including VAT This article is a direct result of the research process for our US Single Family Office database. This list includes family offices of some of America’s wealthiest people and their investement focus. Areas like real estate, financial markets, private equity, venture capital and renewable energy. Where does the fortune of the Mars family come from?The Mars family is an American family that owns the confectionery company Mars Inc., bearing their name. The family was once ranked as the richest family in the United States by Fortune magazine in 1988. It has since been surpassed by the and the Koch family, currently the third richest family in America, with an estimated (combined) net worth of US$117 billion.How did the family business develop?Mars was founded in 1911 by Franklin Mars and quickly became a leading confectionery company. Its brands include Mars, Milky Way, M&M’s, Skittles, Snickers, Twix and Orbit Gum. The company is also a major player in the pet food industry. In 1968, Mars bought the famous pet food company Kal Kan, later renamed Pedigree and Whiskas. By 1991, the company controlled more than 60% of the pet food market. Today, the company employs more than 150,000 people worldwide and is expected to generate revenues of $54 billion by 2024.Is there a Mars family office?The Mars family is very secretive about the way they run their business, as well as their investment activities (if they have any). The family is known to reinvest most of their profits directly back into the business.How does the family invest?As stated before, the Mars family doesn’t explicitly own a single family office, as they reinvest their profits back into the company. However, in 2017, the family invested US$1 billion in sustainability programmes that contribute to the UN Sustainable Development Goals and the Paris Climate Agreement.This article is part of our detailed report ““Picture
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