Billionaire Profile
Frank VanderSloot
Global Rank
#1253

Image: The original uploader was Jeremy112233 at Wikipedia. | CC BY-SA 3.0 | via Wikimedia Commons

Frank VanderSloot

CEO, Nutrition
UNITED STATES
Real-Time Net Worth
$3.349B
Estimated based on Nutrition stock value as of March 6, 2026
0% (24h)
Age
77
Source
Nutrition, wellness products
Industry
Fashion & Retail
Citizenship
UNITED STATES

Biography

Frank VanderSloot, at 77 years old, is the founder and Executive Chairman of Melaleuca, Inc., a global wellness company, and is the richest person in Idaho. His wealth stems from his leadership in the nutrition and wellness industry, with Melaleuca selling a wide range of products, including health supplements and eco-friendly household cleaners. VanderSloot's career includes key management roles at Automatic Data Processing and Cox Communications before founding Melaleuca in 1985. He is a major landowner and an active political donor, known for his philanthropic contributions to education, healthcare, and humanitarian aid through the Melaleuca Foundation.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Frank Leonard VanderSloot was born on August 14, 1948, in Billings, Montana. His family moved to an 80-acre farm in northern Idaho shortly after his birth. Growing up in a modest household, VanderSloot learned the value of hard work early on, assisting with farm chores and contributing to the family's income from a young age. He joined the Church of Jesus Christ of Latter-day Saints at age 16 and later served a mission in the Netherlands.

Rise to Success

VanderSloot's career began with positions at Automatic Data Processing and Cox Communications. In 1985, he founded Melaleuca, Inc., which started as a multi-level marketing company, selling nutritional supplements and personal care products. Under his leadership, Melaleuca has grown into a leading e-commerce company and has been recognized as one of the fastest-growing private companies in the U.S..

Key Business Strategies

Melaleuca's success is attributed to its direct-to-consumer model, which avoids traditional retail channels, and focuses on customer loyalty through its membership shopping club. VanderSloot emphasizes debt-free business practices and a financially conservative culture within the company. Melaleuca operates in more than 20 countries.

Philanthropy

VanderSloot established the Melaleuca Foundation, supporting numerous charitable causes in education, healthcare, and humanitarian aid. He has also supported educational institutions like Idaho State University and Brigham Young University through scholarships and funding for educational initiatives.

Career Milestones

1972

Graduated from Brigham Young University

Earned a marketing degree.

1985

Founded Melaleuca, Inc.

Established a wellness company focused on direct-to-consumer sales.

1998

Idaho Business Leader of the Year

Recognized for leadership in the business community.

2001

Ernst & Young Entrepreneur of the Year

Awarded for entrepreneurial achievements in the U.S. Northwestern region.

2017

Richest Person in Idaho

Named by Forbes as the wealthiest individual in Idaho.

2019

Started Medical Debt Fund

Initiated a $1 million fund to help Idahoans with medical debt.

Philanthropy & Social Impact

General Philanthropy

Melaleuca Foundation

Unknown

Supports charitable causes in education, disaster relief, and improving the quality of life.

Education

Support for educational institutions

Unknown

Provides scholarships and funding to Idaho State University and Brigham Young University.

Business Philosophy & Leadership

Notable Quotes

""If you always try to do the right thing, everything else will take care of itself.""

""This is not a get-rich-quick scheme.""

Leadership Principles

Integrity

Emphasizing the importance of doing the right thing in business and life.

Customer Focus

Prioritizing customer loyalty and satisfaction through a membership-based business model.

Financial Prudence

Promoting debt-free practices and financial independence within Melaleuca.

Controversies & Challenges

2006

Advertisements in Idaho Falls Post Register

Took out ads criticizing a series of articles by a journalist, which resulted in media controversy.

2012

Defamation Lawsuit

Filed a defamation lawsuit against Mother Jones magazine, which was later dismissed.