Billionaire Profile
Frank VanderSloot
Global Rank
#1225

Image: Public domain | via Wikimedia Commons

Frank VanderSloot

CEO, Melaleuca: The Wellness Company
US
Real-Time Net Worth
$3.3B
As of December 2025
Age
77
Source
Nutrition, wellness products
Industry
fashion-retail
Citizenship
US

Biography

Frank VanderSloot (born August 14, 1948) is an American entrepreneur, investor, and philanthropist. He is best known as the founder and Executive Chairman of Melaleuca: The Wellness Company. VanderSloot's career includes key executive positions at Fortune 500 companies before founding Melaleuca in 1985. His wealth source stems from Melaleuca, which sells health supplements, cleaning supplies, and personal care products. His business acumen and leadership have driven Melaleuca to generate over $2 billion in annual revenue and employ over 5,000 people. VanderSloot's achievements include numerous awards and extensive philanthropy, reflecting his commitment to community and humanitarian causes.

Wealth Over Time

In-Depth Profile

Early Life

Frank Leonard VanderSloot was born in Sheridan, Wyoming, on August 14, 1948. He grew up in a modest family in northern Idaho, where he learned the values of hard work and determination from a young age. His father worked on the railroad, and Frank, as the oldest of four children, took responsibility for the family farm, including milking cows and managing the property. He joined The Church of Jesus Christ of Latter-day Saints at 16, which significantly influenced his life and values.

Rise to Success

VanderSloot attended Brigham Young University (BYU), where he earned a bachelor's degree in marketing in 1972. During his studies, he worked as a cleaner at a laundromat to pay for his education. Before starting Melaleuca, he worked for Automatic Data Processing and Cox Communications. In 1985, VanderSloot founded Melaleuca, a multi-level marketing company. Under his leadership, Melaleuca has become a multinational consumer products company with annual sales of over $2 billion. Melaleuca has grown to operate in 20 countries and territories.

Key Business Strategies

VanderSloot's innovative business approach focused on providing high-quality, eco-friendly products and building a direct-to-consumer sales model. This eliminated intermediaries, allowing the company to invest more in research, quality ingredients, and maintain competitive prices. His focus on customer retention and satisfaction has led to high customer loyalty and repeat purchases. VanderSloot's commitment to his employees and ethical business practices has also contributed to Melaleuca's success.

Philanthropy

VanderSloot is known for his extensive philanthropic endeavors. In 2001, he founded the Melaleuca Foundation, which has donated millions of dollars to support various charitable causes, including disaster relief, education, and healthcare. He has also supported educational institutions, provided scholarships, and contributed to community development. After the September 11 attacks, he established the Melaleuca Foundation to help the families affected. His support of the American Heritage Charter School is another example of his dedication to education.

Career Milestones

1972

Graduated from Brigham Young University

Earned a bachelor's degree in marketing.

1985

Founded Melaleuca

Established a multi-level marketing company selling health and wellness products.

1998

Idaho Business Leader of the Year

Received award from Idaho State University.

2001

Ernst & Young Entrepreneur of the Year

Awarded for the U.S. Northwestern region.

2007

Inducted into the Idaho Hall of Fame

Recognized for contributions to the state.

2015

Horatio Alger Award

Became a lifetime member of the Horatio Alger Association of Distinguished Americans.

Philanthropy & Social Impact

Humanitarian Aid

Melaleuca Foundation

$XB

Supports various charitable causes including disaster relief, education, and healthcare.

Child Welfare

Quito, Ecuador Orphanage

N/A

Sole financial sponsor of an orphanage.

Healthcare

Medical Debt Collection Fund

$1M

Defends Idahoans from excessive medical debt collection fees.

Business Philosophy & Leadership

Notable Quotes

"Those who have been the most successful are consistently the ones who have helped others the most."

"In our business, people are most successful only when they succeed in helping others reach their goals."

"Our culture has accepted two huge lies. The first is that if you disagree with someone's lifestyle, you must fear or hate them. The second is that to love someone means you agree with everything they believe or do. Both are nonsense. You don't have to compromise convictions to be compassionate."

Leadership Principles

Focus on Helping Others

Success is achieved by helping others reach their goals.

Integrity and Honesty

Upholding strong moral principles in all aspects of business.

Financial Freedom

Advocating for financial independence and being debt-free.

Controversies & Challenges

2013

Political Stance on Marriage

Stated support for equal rights for the gay community but believes marriage is a union between a man and a woman.