But as the U.S. recreational market expands, Surterra plans to move into that market as well. Wrigley Chewing Gum. He turned over the office of CEO to William Perez in October 2006. William Wrigley Jr II was instrumental in the sale of his family business in 2008 and ten years on has enter the cannabis industry following a $65m (£50m) investment in Surterra Wellness. Surterra is a Georgia company with licenses to operate in Florida and Texas. That move got the Wrigley family out of the gum business… and handed Wrigley a personal fortune of $2.9 billion. Earlier this month, Wrigley announced that he was leading a $65 million investment in a medical marijuana company. (1861–1932). When I understood the massive benefits, it really changed my mind about the industry. Did You Collect Your $735 Overnight ‘Profit Check’ from Walmart This Week? Click here to discover a NEW way to invest in “pot stocks.”. Wrigley Jr. Company. With total funding exceeding $100 million, Surterra is positioned for rapid growth. Shortly after purchasing the island, the mansion was built and finished by 1921. Wrigley Jr. Company to Mars. In a Bloomberg interview, Wrigley explained why he was betting on legal weed. He is the owner of the yacht Unbridled. The Wrigley Mansion and Mt. In Florida, the company has 10 medical marijuana dispensaries. That’s where the Wrigley family built their fortune. The company is also considering expansion in Illinois. Wrigley will become the chairman of the company’s board of directors. William Wrigley Jr. (born October 6, 1963) is an American businessman, the chairman and former CEO of the Wm. In 2008, William Wrigley Jr. II orchestrated the $23 billion sale of Wm. Overnight Gains: Your Trading Window Is Closing Fast. Ada are … Wrigley’s investment is another sign that legal weed is going mainstream. Wharton School of the University of Pennsylvania, https://en.wikipedia.org/w/index.php?title=William_Wrigley_Jr._II&oldid=918120307, American chief executives of food industry companies, Wharton School of the University of Pennsylvania alumni, American business biography, 1960s birth stubs, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, President & Chief Executive Officer (1999–2006), This page was last edited on 27 September 2019, at 03:42. Double Your Social Security Check – Before You Retire, The ONLY Strategy You Should Use During Earnings Season. Here we have a billionaire investing $65 million in a private pot company – and taking a leadership role in the company. He was Chairman of the Wrigley Chewing Gum company, which he sold to Mars for US$ 23 billion. Wrigley Jr. Co. and one of the world's richest men, has tied the knot. Now’s the time to invest in the right pot stocks. Frankly, it almost sounds too good to be true…. Perez, former CEO of Nike and SC Johnson, was the first non-Wrigley head of the company. This marks Wrigley’s first investment in cannabis. In 1999 William Beau Wrigley Jr., an heir to the Wrigley's chewing gum fortune, took over the business his great-grandfather started in 1891. . This is about helping people.”. The company is currently focused on medical cannabis. A graduate of the Wharton School of the University of Pennsylvania, Duke University and Phoenix Country Day School in Phoenix, Arizona, he is the son of Alison (Hunter) and William Wrigley III (1933–1999), the grandson of Philip K. Wrigley (1894–1977) and the great-grandson of William Wrigley Jr. (1861–1932). WRIGLEY FAMILY TREE [blue = children; red = grandchildren; purple = great grandchildren] William Wrigley, Jr. (1861-1932) =  Ada Elizabeth nee Foote (1867-1959) Green Hills Memorial Park, Rancho Palos Verdes, CA . There’s a NEW way to profit from the very best stocks. You don’t see too many opportunities to have that kind of an impact in an industry that is being created from scratch.”. One of baseball’s most famous stadiums – Wrigley Field – still bears the family name. Here’s How to Profit, Earnings Season is Just Ahead: It’s High Time to Cash In. (Crain's) -- William "Bill" Wrigley Jr., executive chairman of Wm. Earlier this month, Wrigley announced that he was leading a $65 million investment in a medical marijuana company. That Pay You Upfront? The company started selling baking powder. This suggests that his investment gives him a sizable equity stake. , A graduate of the Wharton School of the University of Pennsylvania, Duke University and Phoenix Country Day School in Phoenix, Arizona, he is the son of Alison (Hunter) and William Wrigley III (1933–1999), the grandson of Philip K. Wrigley (1894–1977) and the great-grandson of William Wrigley Jr. The Purchase was made by William Wrigley Jr. intended to be a home island for him and his wife. The Wrigley Family Purchased Catalina Island in 1919. Wrigley tells the Chicago Tribune, “I haven’t been this excited about a business in a very long time. Wrigley Jr. Company to Mars. , Under his leadership the company expanded beyond chewing gum by purchasing Altoids and Life Savers from Kraft Foods' candy division in addition to Spanish confectionery company Joyco.. That move got the Wrigley family out of the gum business… and handed Wrigley a personal fortune of $2.9 billion. There are no upcoming events at this time. Click here, and I’ll show you everything. In 2008, William Wrigley Jr. II orchestrated the $23 billion sale of Wm. Copyright 2001-2020 Wyatt Invesment Research, Wrigley Billionaire Buys Private Pot Stock, Earn 278.8% Gains From Wall Street Profit Reports, S&P 500 Profit and Price Targets on the Rise. That’s why he’s also investing $65 million in Surterra Wellness. Why Buy When You Can Rent Stocks . The Wrigley Company is an American chewing gum (Wrigley's gum) company founded in 1891, by William Wrigley Jr. (William’s great grand father). It lets you multiply your profits – while limiting downside risk. According to Forbes, his net worth is $2.9 billion.
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