The Mormon Church is one of the world’s wealthiest religious organizations today.
Many of the richest Mormons have built enterprises that have made them extremely rich, earning hundreds of millions.
Furthermore, some have amassed fortunes in the billions of dollars. Did you know that the Mormon faith is home to some of the world’s most influential people?
For the year 2021, below are the top ten wealthiest Mormons on the planet.
1. James L. Sorenson: Estimated Net worth $4.5B
James is the richest Mormon in the world. When he created his medical device development and marketing company, James L. Sorenson got wealthy. The company grew to be a huge success. In 1980, he sold the company to Abbott Labs for billions of dollars.
Furthermore, He’s presently working with Sorenson Media, a renowned video compression company. As a serial entrepreneur, he is also involved in other successful ventures. Mr. Sorenson is currently one of the Richest Mormons in the world.
2. Sid Bass: Estimated Net worth $2.8B
In 1959, Sid Bass received a large inheritance from his oil millionaire great-uncle Sid Richardson. In addition, since then, he’s been branching out. Richard Rainwater, a well-known investor, has benefited from Bass’ guidance.
Additionally, in 2017, he and then-ExxonMobil CEO Rex Tillerson personally arranged the $6 billion sales of Bass oilfields. After a 2015 listeria incident, he saved ice cream producer Blue Bell with a $125 million loan.
3. Richard Taylor Peery: Estimated Net worth $2.8B
Richard Peery, an early Silicon Valley real estate mogul, teamed up with John Arrillaga to buy farmland in the 1960s and turn it into office parks.
In addition, Some of Silicon Valley’s major tech businesses, including Google, Apple, and Cisco, are tenants of Peery Arrillaga’s buildings.
4. Jim Jannard: Estimated Net worth $2.7B
Jim Jannard is one of the richest Mormons in the world today. In 1975, Jim Jannard started the sunglasses company Oakley, out of his automobile. His initial product was a motorbike grip that drove moisture away from the rider’s face during extended rides.
It went public in 1995 and was acquired by Luxottica in 2007 for $2.1 billion in cash. However, He was already working on his next initiative, Red Digital, which produced high-resolution cameras for films like “Avatar” and “The Hobbit.”
In November 2018, he released the Red Hydrogen One, a holographic smartphone. It had flaws, but he claims that the second edition will be better.
5. Richard Marriott: Estimated Net worth $2.3B
Richard Marriot has been the CEO of Host Hotels & Resorts since 1993, when he and his older brother Bill split the company from the family’s Marriott International, despite bondholder opposition.
Furthermore, Host is the world’s most extensive lodging REIT, with 118 hotels and properties under management. In 1957, his father opened the Twin Bridges Marriott Motor Hotel, which was his first hotel.
However, Peery and Arrillaga sold a number of their properties for $1.1 billion in 2006. Peery, who had dropped out of Stanford’s MBA school, had grown up managing his father’s little real estate holdings.
His son Dave is the executive director of the Peery Foundation, which supports educational organizations such as 10 Books A Home and Playworks in East Palo Alto, California.
6. J. Willard Marriott: Estimated Net worth $1.9B
He is currently one of the richest Mormons in the world. His brother Richard and he made their fortunes in the hotel industry.
Furthermore, In 1927, John Willard Marriott invested $6,000 to open a nine-seat A&W root beer stand. While in 1957, the family moved into the hotel business, opening the world’s first motor hotel in Arlington, Virginia.
However, Marriott International now owns and operates approximately 7,000 locations in 131 countries, including the luxury brands Ritz-Carlton and St. Regis. The family still owns about 18% of the company’s shares.
Bill Marriott, John Willard’s son, served as CEO for four decades and is presently the Executive Chairman of Marriott International.
7. Roger W. Sant: $1.7B
Roger W. Sant is currently one of the richest Mormons in the world. He is the president and co-founder of the multinational power utility Applied Energy Services Corporation. Mr. Sant obtained his bachelor’s degree in science from Brigham Young University.
Furthermore, He moved on to Harvard Business School to get his MBA. He was a professor at Stanford University. He started AES in 1981 and served as its president and CEO until 1993.
However, He remained a member of the board of directors as Chairman after stepping down until 2003. From 1993 to 2006, he was a member of the Marriot board of directors. Mr. Sant was also a member of the Smithsonian Institutions’ Board of Regents. As well as the Alfalfa Club and other organizations.
He is a Democratic Party supporter who has served on numerous campaign committees throughout the years. Roger W. Sant has served on some committees, including the Effective Government Committee, Dean for America, the Democratic Senatorial Campaign Committee, the Democratic Congressional Campaign Committee, and others. He also served as the Chairman of the World Wildlife Fund from 1998 to 2003.
8. Jon Huntsman: Estimated Net Worth $1B
Huntsman, a chemical billionaire, died on February 2, 2018, at the age of 80. Huntsman Chemical, the forerunner of Huntsman Corp., was founded by him.
He bought 34 companies in all, including Texaco’s petrochemicals unit, for $1.06 billion in 1994. Perhaps He started an institute to pursue a cure for cancer as a four-time cancer survivor.
He signed the Giving Pledge and gave money to Wharton, where he obtained a degree.
9. Carlos’s wizard Martins: Estimated Net worth $1B
Carlos’s wizard Martins is the 9th richest Mormon in the world. Carlos ‘Wizard’ Martins fell into teaching English before turning it into a multimillion-dollar enterprise.
The oldest son of a truck driver and an Italian immigrant, Martins began learning English at 12 through his religion and improved his language abilities when he traveled to the United States to attend Brigham Young University in Utah.
In addition, He rented a location for an English school with all his savings. With over 2,600 franchised schools and over 800,000 students.
He grew his Grupo Multi through franchising to become the market leader in Brazil’s expanding language teaching business. In 2010, he sold a 15% share to Banco Itau, a Brazilian bank, for $125 million.
10. David Neeleman: Estimated Net worth $400M
David Neeleman is the 10th richest Mormon in the world. He founded the airline firm JetBlue. In 1999, he founded the company. It’s been a bumpy ride, with good and bad years, but he’s made a fortune as the company’s boss.
Furthermore, the airline firm JetBlue was founded by David Neeleman. In 1999, he founded the company. It has been a bumpy ride, with good and bad years, but he’s made a fortune as the company’s boss.
The church ranks first among the world’s wealthiest churches. The headquarters of this non-Trinitarian Christian restorationist church is in the United States. It is also known as the Mormon Church or the LDS Church. It is estimated to be worth $100 billion.