The S.C. Johnson household was final estimated to have a net worth of $30 billion, putting it among the many wealthiest households in the USA. Samuel Curtis Johnson based the corporate in 1886 after buying a parquet flooring firm. This led to an enlargement into flooring wax and finishes. His son Herbert Fisk Johnson ran the corporate till 1928 and in the present day the enterprise is managed by the fifth technology of Johnson relations. Herbert Fisk Johnson III is chair and CEO.
Under are three corporations owned by the S.C. Johnson household.
- The S.C. Johnson household is estimated to be value $30 billion, making it one of many richest households in the USA.
- The overwhelming majority of the household wealth is tied to S.C. Johnson, a family cleansing merchandise firm with an estimated $10.5 billion in annual gross sales.
- The household’s different holdings embody Johnson Monetary Group and Johnson Open air.
S.C. Johnson & Son
S.C. Johnson & Son is the crown jewel of the Johnson household fortune. It employs 13,000 individuals and gross sales are estimated at $10.5 billion yearly. The corporate’s portfolio of family cleansing merchandise embody Pledge furnishings polish, Windex window cleaner, Glade air freshener, Shout detergent, Saran plastic wrap, Ziploc luggage and Kiwi shoe polish.
Samuel Curtis Johnson based the corporate in 1886 in Racine, Wisconsin, the place the corporate remains to be headquartered in the present day. The corporate bought parquet flooring and earned a web revenue of $268.27 in its first yr. Enterprise exploded after Johnson developed a flooring wax paste to assist his prospects hold their flooring shiny. By 1898, gross sales of flooring wax, finishes and wooden fillers outstripped the unique parquet flooring enterprise.
The corporate is in its fifth technology of family ownership. Herbert Fisk Johnson III, chair and CEO, was estimated to be value $3.4 billion as of Might 2020.
Johnson Monetary Group
Johnson Monetary Group runs wealth administration, banking and insurance coverage companies. It employs greater than 1,200 individuals and has $12 billion in belongings beneath administration. Samuel C. Johnson, a fourth technology member of the family, based the corporate in 1970. His daughter Helen Johnson-Leipold is chair.
Johnson Monetary Group started as a regional financial institution working from a trailer with eight workers. It acquired a Swiss financial institution after which expanded into mutual funds. Income is estimated at $273 million yearly.
Johnson Open air
Johnson Open air (JOUT) is a maker of fishing gear, scuba diving gear, tenting provides and watercraft. It employs 1,200 individuals and operates in 80 nations. The corporate is listed on the Nasdaq and is the one holding in Johnson household empire that isn’t a wholly-owned subsidiary. Samuel C. Johnson based the corporate in 1970 and his daughter Helen Johnson-Leipold is chair and CEO.
In 2020, the corporate bought $594.2 million in gear, in contrast with $562.4 million the earlier yr. Earnings got here in at $55.2 million, up from $51.4 million the yr earlier than. Fishing gear was the biggest gross sales contributor, offering $449.9 million in income. The corporate sells motors, shallow water anchors, fish finders and digital maps beneath the Minn Kota and Humminbird manufacturers.
The Backside Line
The S.C. Johnson household is among the many wealthiest in America, with a fortune estimated at $30 billion. From modest beginnings as a flooring firm, the household expanded and diversified into a number of family cleansing merchandise, along with monetary providers and out of doors leisure gear.