How rich is Jon Huntsman, Jr.?
Jon Huntsman, Jr. Net Worth:
|Birth date:||March 26, 1960|
|Birth place:||Redwood City, California, United States|
|Nationality:||United States of America|
|Spouse:||Mary Kaye Huntsman (m. 1983)|
|Children:||Abby Huntsman, Asha Bharati Huntsman|
|Parents:||Karen Haight, Jon Huntsman, Sr.|
|Siblings:||Peter R. Huntsman, Sr., James Huntsman|
|Movies:||Everybody Wants to Be Italian|
Jon Huntsman, Jr. profiles:twitter.com/jonhuntsman
Jon Huntsman, Jr. wiki & biography:
Gifts: $1.2 billion
Instruction: BA/BS, University of Pennsylvania Wharton School; MBA, University of Southern California
Marital Status: Married ,Children: 9
Jon Huntsman turned Huntsman Corp. from fast food container provider into America’s largest private chemical company via acquisitions. Took public 2004; personally netted $275 million. Sued Apollo Management after business backed away from buy out arrangement; settled for $1 billion 2008. In 2010 won $1.7 million settlement from Credit Suisse and Deutsche Bank over roles in spoiled deal. He is the father of former United States Ambassador to China and former Governor of Utah Jon Huntsman, Jr.
In 1992 Jon Huntsman Sr. was diagnosed with prostate cancer; on the way to the hospital for treatment, he made three stops: First the substances mogul dropped by a homeless shelter and left a $1 million check. Then he quit in a soup kitchen and handed over another $1 million check.
Finally he dropped off $500,000 at the practice that had found his malignancy. Since then Huntsman, who says he intends to give all of it away before he expires, has given most of his fortune to his cancer foundation.
He could be the founder of the Huntsman Chemical Corporation, the largest manufacturer of polystyrene in the United States. Huntsman plastics are utilized in a wide range of recognizable objects, including McDonald’s clamshell hamburger containers and L’eggs pantyhose egg shells. Huntsman Corporation also produces a wide variety of organic and inorganic compounds that include polyurethanes, cloths and pigments. Huntsman’s philanthropic giving exceeds $1.2 billion, focusing on the areas of cancer research, programs at various universities, and aid to Armenia.
Huntsman has been married to his wife Karen for over 50 years. They may be the parents of 9 kids and have 56 grandchildren, two of whom are adopted from China and India. On Dec. 8, 1987, Huntsman’s son James, then age 16, was kidnapped and held for $1 million ransom by Nicholas Hans Byrd, a former classmate. FBI agents followed the kidnapper, and saved James unharmed, but agent Al Jacobsen was stabbed in the torso throughout the arrest. The Huntsmans’ second eldest son, Peter R. Huntsman, took over as CEO of the Huntsman Corporation from Huntsman Sr. in 2000. The Huntsmans’ firstborn son, Jon Huntsman, Jr., also served as a Huntsman Corporation executive. He was elected governor of Utah in 2004, later became ambassador to China, and was a candidate in the Republican Party presidential primaries in the year 2012. Jon Huntsman, Sr. has published a novel about his life experience, conveying moral lessons. Titled Winners Never Cheat: Everyday Values We Learned as Children (But May Have Forgotten) it was published by Wharton School Publishing in 2005. Another edition, titled Winners Never Cheat: Even in Difficult Times, made the Wall Street Journal’s best sellers list. Huntsman is a four-time cancer survivor. There was considerable speculation the viability of Jon Huntsman, Jr.’s campaign might depend on Jon Huntsman, Sr.’s readiness to finance advertising for it, via the Superpac “Our Destiny PAC”. Jon Huntsman, Jr. reportedly downplayed the chance of receiving campaign funds from his family before the New Hampshire Republican primary, 2012, telling NPR that “the Huntsman family gives to humanitarian causes and doesn’t consider a political campaign to be a humanitarian cause”. Yet, reports filed with the Federal Election Commission later showed that Our Destiny PAC received $2.7 million in contributions, $1.9 million of it from Huntsman senior. A lot of that money was spent on campaign advertising, including $914,000 on campaign advertising in New Hampshire in the two months before the January primary.