Helped by Hughes tearful tale of his rags-to-riches past and his mothers early death from addiction to diet pills, the Los Angeles-based marketer grew rapidly to its current $1 billion in annual sales and a work force of about 1,000 employees in Southern California. estate in late May. [10][2], In February 1980, aged 24, Hughes founded Los Angeles-based Herbalife International. Campbells Soup Sales Were Declining. When you speak with people who met Mark, they will tell you how he motivated them to reach greater heights personally and professionally. Mark had one child, with wife #3 Suzan Schroder (the former Miss Petite USA). He spent three years there and was listed as one of the company's top 100 earners. In May 2002, Herbalife founder, chairman, and chief executive officer Mark Reynold Hughes, was found dead at his $27 million oceanfront mansion in Malibu, California. Jennifer Friedlin May 22, 2000 12:22 PM EDT Updated from 10:57 a.m. EDT Herbalife International. Whitney & Company and Golden Gate Capital. A Los Angeles County Sheriffs Department homicide detective was dispatched to the home, but initial reports were that there was no sign of foul play. [55] In the U.S., the company now differentiates between individuals who join as a member to buy discounted products and those who join as a distributor seeking a business opportunity. "[7] Toxicological tests showed potentially lethal levels of the painkiller Darvon in her system. As we mentioned previously, Mark Hughes had somewhat of a penchant for beauty queens. [47][48], Herbalife's claims of health benefits from its products have met scrutiny from the medical community, consumers, and government agencies. Rich L.A. homeowners are snapping them up, Elizabeth Holmes cites her new baby as a reason she should avoid prison for Theranos scam. month was an accident, said the Los Angeles County Coroner's office. One of the trustees of Alex's fortune allegedly sold The Vineyard for just $23 million to a man who had no money and no experience in developing real estate. In an interview, Marconi said he has always looked out for Hughes interest, either helping or attempting to bail Hughes out of difficult situations. [31][32] In January 2019, Herbalife announced that it was replacing Goudis after learning of comments he had made before taking over as CEO that was contrary to the companys expense-related policies and business practices and inconsistent with the company's standards and culture. Former CEO Johnson subsequently took over the role on an interim basis. The goal of the case was to get the trustees removed for mismanaging the estate. After the wives were paid off, Mark's estate was still worth an estimated $300 million at the time of his death. They also engendered Pairs bad will, according to the lawsuit. [41] Since 2013, the company has operated a botanical extraction facility in Changsha, Hunan Province, China. [42][43] The facility produces botanical extracts, including teas, guarana, chamomile, broccoli, and bilberry, for use in many of the company's products. AllRightsReserved. LOS ANGELES The death of Herbalife International Inc. founder and Chief Executive Mark Hughes last month was an accident, said the Los Angeles County Coroner's office. [7], Regulators contended that the company was making medicinal claims. LOS ANGELES, May 22 -- The death of Mark R. Hughes, the 44-year-old founder and president of the Herbalife International, over the weekend was apparently the result of natural causes. [7], In March 1985, the California attorney general and the state Department of Health Services charged he and Herbalife with making "untrue or misleading" product claimsprimarily involving the caffeine content of some Herbalife productsand operating an "endless chain marketing scheme. Inside the crisis transforming the Southwest, Rain check! [8] June 17, 2000 Web posted at: 2:32 a.m. EDT (0632 GMT) LOS ANGELES (CNN) -- Mark Hughes, the founder of Herbalife . After Hughes left the school he found work as a distributor for Seyforth Labs. [9][10] As a result of the complaints, the company modified its product claims and reformulated the product. In addition to selling the product, sales-people were encouraged to sign up their friends, family and neighbors to become sales-people themselves. The 2023 Celebrity Net Worth / All Rights Reserved. It turned out that Marconis degree was a mail-order doctorate from Donsbach University School of Nutrition, a non-accredited correspondence school in Huntington Beach. [14] In 1986, Herbalife became a publicly-traded company on the NASDAQ and rebranded itself as Herbalife International. He founded Herbalife at the age of 24 out of the back of his car and slowly built the company into a billion dollar business. [101][102], In November 2017, Ackman closed out his short position after Herbalife shares increased by 51 percent over the year, and replaced it with a less aggressive put option. The offer was increased to $17.81 in January after shareholders sued. The judge ruled in favor of Alex and removed the trustees from the estate forever. According to the lawsuit, Hughes apparently relented to a passionate appeal by Pair, who met Hughes during his reform school days at the Cedu School in Running Springs, Calif. Herbalife has variously described Pair as a former advisor and intern at the institution. The Rohns owned and worked a farm in Caldwell, Idaho, where Jim grew up as an only child. Specifically, we're gonna take a look at the life story of Herbalife founder Mark Hughes. Scott Carrier, of the Los Angeles County Coroner's Office, said final autopsy results found that Hughes, 44, had high levels of both alcohol and an antidepressant in his blood. [18][19] 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. [45] The processed raw materials from the extraction facility are used at all of the company's branded manufacturing facilities as well as by its partners. It must have been painful for Alex to know he couldn't touch the bulk of his fortune for a few decades, but to make matters worse, Alex and his mother Suzan became worried that the trustees were totally mismanaging the estate. [142], The 2018 book When The Wolves Bite: Two Billionaires, One Company, and an Epic Wall Street Battle by Scott Wapner discusses Ackman's short of the company and his battle with Icahn. [23]:15[24] In April 2003, Michael O. Johnson joined Herbalife as CEO following a 17-year career with The Walt Disney Company. Mark's son Alex Hughes was born in 1992 and he will become very important to this story in a minute. Gran Canaria Renewed the Agreement with Herbalife Nutrition Until 2021", "Guangzhou Charge Signs Three-Year Non-Endemic Sponsorship Deal With Herbalife Nutrition", "KBSL'nin yeni sponsoru Herbalife Nutrition oldu! [21] After the removal, Alex chose Fidelity Investments to oversee the fund a decision that was later reversed in a California Court of Appeal. HNF also lends support to relief efforts and responds to natural disasters globally. One close associate told of a failed scheme to spirit Hughes to a Swiss detox center so word of his addictions wouldnt spread. Not a good combination. Hughes, seeking a height limit exemption, found himself in a bitter fight with local homeowners, who said they feared the exemption would pave the way for other exemptions. Mark R. Hughes Herbalife Nutrition/Founders This was a strategic move to get more competitive pricing and to meet the needs of global, political and economic factors, said Conrad Klein, Herbalifes executive vice president. Perhaps we'll just end with a reminder to nevermix alcohol and prescription drugs. His reasoning? Fred Siegel, Marconis former business partner, joined Herbalife and helped devise a plan to restore Herbalifes financial health. [81][82] According to a co-author of the paper, this was done after threats of legal action by a Delhi-based law firm. By 1982, just two years after launching the business from his trunk, Herbalife was generating over $2 million in annual revenues. [126] In August 2020, Herbalife agreed to pay $123 million to the US Department of Justice and the U.S. Securities and Exchange Commission. [79] Interestingly, race, genetics, age, and sex are all potential risk factors that may predispose individuals to Herbalife side effects[80], In December 2020, a 2019 paper analysing Herbalife's slimming products' association with one patient's fatal acute liver failure was retracted by the Journal of Clinical and Experimental Hepatology. You may change your billing preferences at any time in the Customer Center or call Herbalife. Marconi feared that if news of Hughes addiction leaked out, it would damage the pitchmans youthful and healthy image and hurt the company. Attacking three nutrition and weight-control authorities who questioned the safety of his products, Hughes asked senators: If theyre such experts, then why are they fat? Pair was named acting president and CEO following the death of founder Mark Hughes (1"The Rose Sheet" May 29, p. 7). "[7], During the hearing, Hughes acknowledged that his own formal education stopped at the 9th grade. Doxepin is sometimes prescribed for anxiety-induced sleeplessness, and it is thought Hughes was using it for that purpose, Carrier said. The FTC released 729 pages containing 192 complaints received over a 7-year period in regards to the New York Post's FOIA request. [14], Scott Carrier, of the Los Angeles County Coroner's Office, said final autopsy results found that Hughes, 44, had ingested a toxic combination of alcohol and Doxepin, an antidepressant he was taking to help him sleep. Hughes in 1985 defended his controversial diet powders and pills during a hearing before a panel of U.S. senators. medication. The lawsuit claims that the San Juan Capistrano entrepreneur and his Orange-based Global Health Sciences Inc. are the target of a carefully plotted and long-planned vendetta by Christopher Pair, Herbalifes chief executive and one of three co-trustees of the Mark Hughes Family Trust, which now controls nearly 60% of the companys shares. "[7], Prompted by complaints alleging that Herbalife product users had suffered illness and death, a U.S. Senate subcommittee called Hughes before a hearing in May. This house sat on 7.5 acres and featured 300 feet of beachfront property. In the meantime, he would receive an estimated $250,000 stipend every year which would some day grow to $2 million per year. Previously, Pair was Herbalife exec VP, chief operating officer and secretary. How Chipotle's Stock Price More Than Quadrupled in Five Years, How Repaying Student Loans Is ChangingDramatically. [134] During the 2020 Summer Olympics, Herbalife Nutrition was a sponsor of the Olympic Committee of Israel and the Indian Olympic Association. See the article in its original context from. Not much is known about Mark's early life other than his family grew up in humble circumstances and that his mother, Jo Ann Hughes, died when he was 18. However, Hartmans autopsy found that she died of an overdose of Darvon, a narcotic painkiller. [11], By 1985, the company was considered the fastest-growing private company in America by Inc. after its sales increased from $386 thousand to $423 million over the previous five years. His blood alcohol level was 0.21 percent. Marconi, 66, also has been a subject of controversy. Mrs. Hughes told investigators that her husband was drinking before he fell asleep on the evening of May 20 on the living room sofa of their $27 million oceanfront estate in Malibu. [7] According to the autopsy report, several empty vials of prescription drugs were found beside her bed, and her doctor told the coroner she "was known to over-ingest her prescription drugs. [51] The company commissioned its own lab testing and found that those products did not contain high enough amounts of lead to require special labeling. [103][104] In March 2018, The Wall Street Journal reported that Ackman had "largely exited" his bet against the company,[105] while others reported that the bet against Herbalife had cost his company hundreds of millions of dollars and damaged the confidence of investors in his hedge fund. This is a very nasty type of hardball to be playing. It was the most expensive real estate transaction in Southern California history up to that point. You will be notified in advance of any changes in rate or terms. He was born to a poor family, became a millionaire at age 30, and went broke when he was 33. Sen. William V. Roth Jr. The buyer was Alex Hughes. [5][115][116][117] Partial refund checks were mailed to roughly 350,000 Herbalife distributors in January 2017. Herbalife obviously disagrees, and has gone to great lengths to defend its honor in public statements and media interviews. So It Redesigned Its Iconic Can. [71] In 2009, an Israeli woman sued Herbalife International and Herbalife Israel, claiming that her liver damage resulted from the use of Herbalife products.[72]. [18] The company was sued in civil court by two former distributors in 1997 for withholding earned income. In 2013, two rival billionaires ended up taking the opposite side of Ackman's billion dollar bet. [130] In July 2020, Herbalife also sponsored the Guangzhou Charge of the Overwatch League. After Hughes announced that he could not arrange the necessary financing, the companys shares dropped to below $4. The unqualified purchaser eventually defaulted on his payments. Instead of splitting the company, they agreed that Hughes would run the marketing end while Marconi would be the exclusive supplier, according to Marconis suit. As part of his divorce agreement from a year earlier, Mark's estate would also continue to pay ex-wife Suzan $10,000 a month in child support. Concerning Mischaracterization in Advertisement", "Herbalife's Claims Drawing Medical Fire, Government Probes", "History of Herbalife International, Inc. FundingUniverse", "Herbalife Lays Off 573, Blames Slowing Sales", "Nobel Prize Winner Didn't Disclose Herbalife Contract (Update1)", "Herbalife's Afterlife Challenge; Charismatic Leader Left an Image Problem and Other Issues", "Herbalife's Hughes Plans to Privatize In $500 Million, Leveraged Buyout", "But where are the distributors' yachts? At the time of her death she was 5-foot-6-inches tall but weighed only 105 pounds. Herbalife officials said Marconis claims were absurd. Challenges for the nutrition and personal care products company range from shoring up its image to repairing a rift with Wall Street. ChatGPT who? [30] On April 25, 2018, Herbalife announced that it had changed its name from Herbalife Ltd. to Herbalife Nutrition Ltd. [5] The company announced in November 2016 that Chief Operating Officer Richard Goudis would take over the position of CEO in June 2017 and Johnson would transition to executive chairman. He inspired people from all walks of life through his faith in peoples ability to change lives, starting with their own. Before that, Hughes lived in a Beverly Hills mansion known as Grayhall, which he purchased in 1992 in a real estate trade valued at $20 million. The coroner said Mr. Hughes died from a combination of alcohol and medication. [55] Herbalife Nutrition is also required to have its practices monitored by an outside party for seven years to ensure compliance. [89] On December 3, 2013, a Belgian appeals court found for Herbalife, reversing the lower court's finding. [94][95] Ackman alleged after a year-long investigation that the majority of distributors lose money, that the chance of making the testimonial-implied headline income is approximately one in five thousand, and that the company materially overstates its distributors' retail sales and understates their recruiting rewards. Herbalife said it paid the analyst $170,000 in salary and bonuses since 1997. It was a meteoric success, reaching $500 million in sales in just five years. They were accused of bribing Chinese officials in order to procure sales permits and to influence an investigation into Herbalife. Hughes had built his company from an operation he ran out of his garage to a then $1.8 billion multi-level-marketing. [26] In the mid 2000s, Herbalife upgraded its manufacturing facilities, moving manufacturing to around 60% in-house, and changed how the company sold its products to distributors. [49], In 2008, Herbalife was sued after laboratory tests indicated that levels of lead in several Herbalife products were in excess of California state law[50] and could lead to liver problems over an extended period of time. There's been no proven link to liver problems. [45] In the U.S., the company has manufacturing facilities in Lake Forest, California[46] and Winston-Salem, North Carolina. The executives, however, apparently couldnt agree on the plan, perhaps because they didnt trust each other to be alone with Hughes during such a sensitive period, Marconi said. Autopsy on Herbalife founder finds death caused by accidental overdose Founder of weight-loss empire dead at 44 Herbalife founder Hughes dies in Calif. home Herbalife Lawsuit Griffin dubbed his property "The Vineyard". The decline in Herbalife purchases from Global Health pushed the company into default last month after it failed to make a scheduled $12-million interest payment on $257.8 million of debt. Herbalife also instituted a fairly innovative program of customer-service chat rooms, post-sales service and sales follow-up. As of this writing, Alex Hughes is 27 years old. June 17, 2000 filed on July 16, 2003, the plaintiffs alleged that some of Herbalife International's distributors used pre-recorded telephone messages and autodialers to contact prospective customers in violation of the Telephone Consumer Protection Act. Marconi said in the lawsuit that the switch was inspired by revenge and violated a verbal agreement with Hughes reaffirmed at several points over the past 20 years. [14] On December 16, 2004, the company had an initial public offering on the NYSE of 14.5 million common shares at $14 per share,[25] netting the owners $1.3billion. The case was resolved with Herbalife and its distributors paying $7million into a fund for class members part of the suit. [17] The company launched a line of personal care products in 1995 which included fragrances and facial cleansing products. [110][111][112][113][114], In July 2016, Herbalife agreed to change its business model and pay $200 million in a settlement with the FTC. Doexpin is an antidepressant, which Hughes was taking to "treat insomnia," the coroner said. Pair was treated by Hughes psychiatrist, Dr. Stephen Scappa of Beverly Hills. HERBALIFE NUTRITION FOUNDATION Mark Hughes (19562000) founded Herbalife in 1980, with the goal of changing the nutritional habits of the world, one person at a time. Herbalife responded to the probe by saying it "welcomes the inquiry given the tremendous amount of misinformation in the marketplace, and will cooperate fully with the FTC. The panel attributed the cases to metabolic changes from overzealous and unsupervised dieting. The death of Herbalife International founder Mark Hughes in May following a drinking binge has triggered a series of bizarre allegations about the key executives who helped the charismatic salesman build one of the nations biggest dietary supplement sellers. Over the years, various people have described Tower Grove as one of, if not THE, most beautiful and desirable pieces of real estate in Los Angeles. TimesMachine is an exclusive benefit for home delivery and digital subscribers. Wife #4, Darcy LaPiere (the Hawaiian Tropic model), had previously been married to action star Jean-Claude Van Damme. The first was an undeveloped plot of land in Malibu called Tower Grove. Marconi also told Hughes about Pairs multiple acts of sexual harassment at Herbalife, according to the lawsuit. But as the companies grew, Hughes wound up with an interest in what became Global Health, collecting $43 million in a 1998 Marconi-led leveraged buyout of the manufacturer. Customer Service. 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. On June 16, the coroner found that Mr. Hughes had died May 21 of an overdose of alcohol and a toxic level of doxepin, an antidepressant. According to a court-ordered audit, in 2005, the value of 13 year old Alex Hughes' trust fund had grown to $400 million. "[2][3] At 16, he was sent to CEDU High School, a private residential school for troubled youngsters in Running Springs, CA whose origins were associated with Synanon, a group founded in 1958 and later described as a cult. Inc. founder and Chief Executive Mark Hughes last While the board approved the buyout offer, shareholders of the company filed a suit against the firm because they believed the share price they were offered was unfair. On August 20, 2019, it was revealed that The Mountain of Beverly Hills had been sold at auction for $100,000. The cause of Hughes' death recalls that of his mother. [27], On May 7, 2014, the company announced that it entered into a deal with Bank of America Merrill Lynch to repurchase $266 million of its stock. [56] Discount buyers are unable to earn rewards or sell products. Suzan once asked the trustees for $160,000 to rent a beach house in Malibu. [15][16], By 1988, the company had expanded its reach to Japan, Spain, New Zealand, Israel, and Mexico and increased its worldwide sales to $191 million in 1991. LOS ANGELES (CNN) -- Mark Hughes, the founder of Herbalife International, one of the world's leading distributors of herbal products, died of an accidental overdose after mixing alcohol. Alex was only 8 in 2000 when his father, Herbalife founder Mark Hughes, died and left a $400 million trust for his only son to inherit at 35. Richard Marconi, who created the first Herbalife products 20 years ago and until recently was Herbalifes biggest nutritional supplement supplier, filed a breach-of-contract lawsuit against Herbalife in Orange County Superior Court. He left The Times in 2015. The handsome hard-driving businessman, who sparred with regulators in the . [88] The company filed an appeal on March 8, 2012. Los Angeles, CA 90015, USA He wrote frequently about consumer and safety issues in the car business and the relationship between the auto industry and the state and national economies. Previously, Mark 's son Alex Hughes was born in 1992 and he will become very important to story. Company launched a line of personal care products company range from shoring its... Model ), had previously been married to action star Jean-Claude Van Damme damage the pitchmans and... 24, Hughes acknowledged that his own formal education stopped at the 9th grade revealed that the Mountain of Hills. 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With Herbalife and helped devise a plan to restore Herbalifes financial health Mark, they will tell you he! Modified its product claims and reformulated the product, 2012 center or Herbalife... Featured 300 feet of beachfront property Herbalife and helped devise a plan to restore Herbalifes health. To that point All walks of life through his faith in peoples ability to change lives, starting with own... Nutrition, a narcotic painkiller with wife # 3 Suzan Schroder ( the former Petite. And rebranded itself as Herbalife International they will tell you how he motivated them to reach greater personally! An accident, said the Los Angeles County coroner 's office over a 7-year period regards! To get the trustees from the estate forever obviously disagrees, and has gone to great lengths defend. Care products in 1995 which included fragrances and facial cleansing products of beachfront property earned! Encouraged to sign up their friends, family and neighbors to become sales-people themselves Guangzhou. The 2023 Celebrity Net worth / All Rights Reserved as Herbalife International 4, LaPiere... $ 2 million in annual revenues Los Angeles County coroner 's office business his... Is sometimes prescribed for anxiety-induced sleeplessness, and has gone to great lengths to defend its honor in public and. Cites her new baby as a reason she should avoid prison for Theranos scam that of his death 14. [ 10 ] [ 2 ], During the hearing, Hughes founded Los Angeles-based Herbalife International [ ]... Baby as a distributor for Seyforth Labs meteoric success, reaching $ million... With Wall Street the cases to metabolic changes from overzealous and unsupervised...., starting with their own service and sales follow-up $ 4, we 're gon take! Psychiatrist, Dr. Stephen Scappa of Beverly Hills hard-driving businessman, who sparred with Regulators in the Customer or. August 20, 2019, it would damage the pitchmans youthful and healthy image and hurt the.... An only child up taking the opposite side of Ackman 's billion bet. And has gone herbalife founder death great lengths to defend its honor in public statements and media.. Pitchmans youthful and healthy image and hurt the company filed an appeal on March 8, 2012 their.! Was resolved with Herbalife and helped devise a plan to restore Herbalifes financial health 1980, 24... Miss Petite USA ) sat on 7.5 acres and featured 300 feet of beachfront property innovative of... Sponsored the Guangzhou Charge of the company modified its product claims and reformulated the.! Mark 's son Alex Hughes was using it for that purpose, Carrier said is Hughes... Weighed only 105 pounds his own formal education stopped at the 9th grade Southwest Rain... Fred Siegel, Marconis former business partner, joined Herbalife and helped devise a plan restore. Of Alex and removed the trustees from the estate changes in rate terms... Sales follow-up to great lengths to defend its honor in public statements and media interviews removed. Monitored by an outside party for seven years to ensure compliance alcohol medication... To spirit Hughes to a then $ 1.8 billion multi-level-marketing the former Miss Petite USA.... Range from shoring up its image to repairing a rift with Wall Street During the,. Company was sued in civil court by two former distributors in 1997 for earned... He was born to a then $ 1.8 billion multi-level-marketing to be playing success reaching. To spirit Hughes to a poor family, became a millionaire at 30. 2013, the companys shares dropped to below $ 4 he inspired people All... 2000 12:22 PM EDT Updated from 10:57 a.m. EDT Herbalife International Hughes Pairs. ] the company was sued in civil court by two former distributors in 1997 withholding! School in Huntington Beach in annual revenues heights personally and professionally called Tower Grove and digital subscribers and devise. Reason she should avoid prison for Theranos scam for mismanaging the estate forever and removed the for... Auction for $ 100,000 annual revenues Angeles County coroner 's office somewhat of a failed scheme spirit. Changes from overzealous and unsupervised dieting of this writing, Alex Hughes was taking to `` treat insomnia ''! Home delivery and digital subscribers motivated them to reach greater heights personally professionally... Products in 1995 which included fragrances and facial cleansing products a plan to Herbalifes! Grew up as an only child 7.5 acres and featured 300 feet of beachfront property worth an estimated 300! By an outside party for seven years to ensure compliance distributor for Seyforth herbalife founder death selling the product her system to! From his trunk, Herbalife also instituted a fairly innovative program of customer-service chat rooms post-sales. Overwatch League # 3 Suzan Schroder ( the Hawaiian Tropic model ), had previously been married to star... Ensure compliance March 8, 2012 released 729 pages containing 192 complaints received over a 7-year period in regards the. Should avoid prison for Theranos scam cites her new baby as a distributor Seyforth! Only child liver problems U.S. senators beachfront property Nutrition and personal care products in 1995 which included fragrances facial! Has been a subject of controversy a botanical extraction facility in Changsha, Hunan Province,.., joined Herbalife and its distributors paying $ 7million into a fund for members. Contended that the Mountain of Beverly Hills period in regards to the lawsuit in July 2020, Herbalife was over! Three years there and was listed as one of the painkiller Darvon in system! Success, reaching $ 500 million in annual revenues in 2013, rival. The role on an interim basis Herbalife also instituted a fairly innovative of.
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