Forrest Edward Mars, Jr. is the son of Forrest Mars, Sr. and the grandson of Frank C. Mars, the founder of confectionary company Mars (founded in 1911). This billionaire’s net worth is estimated by Forbes to be around $22.9 billion as of October 2018.
Mars was born on August 16 1931 in Oak Park, Illinois. In the year 1949, he graduated from the Hotchkiss School in Lakeville, Connecticut and Yale University. He earned his MBA from the New York University.
Mars serves on the board of directors of Mars. He owns the secretive Virginia-based candy behemoth along with his siblings. Mars is the owner of the 82,000-acre Diamond Cross Ranch. He has been opposing the development of coal and natural gas fields in his land. Companies that hold oil and gas leases to his land are seeking to exercise those rights. These rights were made possible by the Stock-Raising Homestead Act and the Mineral Leasing Act.
Mars is interested in historical preservation. His financial assistance enabled Colonial Williamsburg Foundation to reconstruct an eighteenth century coffeehouse in Colonial Williamsburg. He is a trustee of the Colonial Williamsburg Foundation.
Mars is married to Virginia Cretella. They have four children. The couple divorced in 1990. He married Deborah Adair Clarke and divorced her in 2010.