Don Tyson Net Worth: Celebrity Net Worth, Salary, and More
| Category | Information |
|---|---|
| Net Worth | $1 billion (at the time of his death in 2011) |
| Salary | Not available |
| Birthdate | April 21, 1930 |
| Birthplace | Olathe, Kansas |
| Gender | Male |
| Height | Not available |
| Profession | American Businessman |
| Nationality | American |
What was Don Tyson’s Net Worth?
Don Tyson, an American businessman, had a net worth of $1 billion at the time of his death in 2011. He was the American President and CEO of Tyson Foods from 1967 to 1991. Don Tyson passed away on January 6, 2011, at the age of 80 due to cancer.
Highlights
– Don Tyson had a net worth of $1 billion at the time of his death in 2011.
– He served as the American President and CEO of Tyson Foods from 1967 to 1991.
– Under his leadership, Tyson Foods experienced significant revenue growth, reaching over $10 billion annually by the time of his retirement in 2001.
– Tyson Foods developed popular products such as McDonald’s Chicken McNugget and the KFC Rotisserie Gold.
– The company expanded its presence to almost every grocery store in the United States.
Early Life
Donald J. Tyson was born on April 21, 1930, in Olathe, Kansas. He gained early exposure to the poultry business while working at Tyson’s Feed and Hatchery as a chicken catcher at the age of fourteen. Although he attended Kemper Military School and the University of Arkansas, he dropped out of school to assist his father’s poultry company.
Career
In 1966, Don Tyson became the first plant manager of Tyson Foods. The following year, he assumed the role of company President and eventually became CEO after his parents passed away in a car crash. He held the position of CEO until 1991 and remained as company Chairman and Senior Chairman until his retirement in 2001. During his tenure, Tyson Foods experienced remarkable growth, with annual revenue reaching over $50 billion in recent years.
Personal Life
Don Tyson’s son, John H. Tyson, succeeded him as Chairman and CEO of Tyson Foods. Don Tyson was known for his close relationship with former Arkansas governor, Bill Clinton, who became President in 1992. However, he was also involved in controversies and legal issues.
Net Worth Over Time
Don Tyson’s net worth started to become prominent in the early 1980s when he appeared on the list of richest people in America with a net worth of $275 million. It continued to grow, peaking at $1.2 billion in 1997. At the time of his death in 2011, his net worth was still estimated to be around $1 billion.
Components of Net Worth
Don Tyson’s net worth primarily consisted of his ownership and shares in Tyson Foods, which he significantly grew during his tenure. As the company thrived, so did his wealth. Additionally, he possessed various personal assets, including real estate holdings, such as his mansion in Springdale, Arkansas.
Conclusion
Don Tyson was an influential figure in the American poultry industry, serving as the President and CEO of Tyson Foods. With a net worth of $1 billion, he played a pivotal role in the company’s growth and success. Despite controversies surrounding Tyson Foods and various legal issues, his contributions to the firm and the food industry cannot be overlooked.