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. Here’s How to Profit, Earnings Season is Just Ahead: It’s High Time to Cash In. 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. Overnight Gains: Your Trading Window Is Closing Fast. One of baseball’s most famous stadiums – Wrigley Field – still bears the family name. There’s a NEW way to profit from the very best stocks. WRIGLEY FAMILY TREE [blue = children; red = grandchildren; purple = great grandchildren] William Wrigley, Jr. (1861-1932) = [1885] Ada Elizabeth nee Foote (1867-1959) Green Hills Memorial Park, Rancho Palos Verdes, CA . Wrigley’s investment is another sign that legal weed is going mainstream. That’s why he’s also investing $65 million in Surterra Wellness. 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. The Wrigley Company is an American chewing gum (Wrigley's gum) company founded in 1891, by William Wrigley Jr. (William’s great grand father). Double Your Social Security Check – Before You Retire, The ONLY Strategy You Should Use During Earnings Season. But as the U.S. recreational market expands, Surterra plans to move into that market as well. [2], 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.[3]. The Wrigley Mansion and Mt. When I understood the massive benefits, it really changed my mind about the industry. Perez, former CEO of Nike and SC Johnson, was the first non-Wrigley head of the company. (1861–1932). Earlier this month, Wrigley announced that he was leading a $65 million investment in a medical marijuana company. Click here to discover a NEW way to invest in “pot stocks.”. He turned over the office of CEO to William Perez in October 2006. Ada are … Shortly after purchasing the island, the mansion was built and finished by 1921. Wrigley will become the chairman of the company’s board of directors. (Crain's) -- William "Bill" Wrigley Jr., executive chairman of Wm. In 2008, William Wrigley Jr. II orchestrated the $23 billion sale of Wm. There are no upcoming events at this time. Did You Collect Your $735 Overnight ‘Profit Check’ from Walmart This Week? This is about helping people.”. [1], 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. That Pay You Upfront? Wrigley Jr. Company to Mars. Wrigley Jr. Company. The Wrigley Family Purchased Catalina Island in 1919. Now’s the time to invest in the right pot stocks. The company is also considering expansion in Illinois. That’s where the Wrigley family built their fortune. 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. 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). In a Bloomberg interview, Wrigley explained why he was betting on legal weed. 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 suggests that his investment gives him a sizable equity stake. Wrigley Chewing Gum. . The Purchase was made by William Wrigley Jr. intended to be a home island for him and his wife. Wrigley Jr. Company to Mars. The company is currently focused on medical cannabis. That move got the Wrigley family out of the gum business… and handed Wrigley a personal fortune of $2.9 billion. In 2008, William Wrigley Jr. II orchestrated the $23 billion sale of Wm. Surterra is a Georgia company with licenses to operate in Florida and Texas. With total funding exceeding $100 million, Surterra is positioned for rapid growth. This marks Wrigley’s first investment in cannabis. The company started selling baking powder. He is the owner of the yacht Unbridled. It lets you multiply your profits – while limiting downside risk. Click here, and I’ll show you everything. Frankly, it almost sounds too good to be true…. That move got the Wrigley family out of the gum business… and handed Wrigley a personal fortune of $2.9 billion. Wrigley tells the Chicago Tribune, “I haven’t been this excited about a business in a very long time. Earlier this month, Wrigley announced that he was leading a $65 million investment in a medical marijuana company. You don’t see too many opportunities to have that kind of an impact in an industry that is being created from scratch.”. Why Buy When You Can Rent Stocks . Wrigley Jr. Co. and one of the world's richest men, has tied the knot. In Florida, the company has 10 medical marijuana dispensaries. According to Forbes, his net worth is $2.9 billion. William Wrigley Jr. (born October 6, 1963) is an American businessman, the chairman and former CEO of the Wm.