The company's slogan "Lose Weight Now, Ask Me How", became a pop-culture catch phrase that was be plastered onto buttons, posters, billboards, flyers etc… Herbalife conducted recruitment seminars that featured feel good weight-loss testimonials and a keynote address from Mr. Hughes. He was just 44 years old and had been suffering for several months from insomnia and a recurring case of pneumonia. You know, in case your guest has a guest. [17] Reynolds was suspended,[17] but remained one of three trustees until 2013, when a judge in a separate lawsuit ordered the removal of all three for breaching the terms of the Trust by mismanaging the funds. As we mentioned previously, Mark Hughes had somewhat of a penchant for beauty queens. When Golden Youth also went out of business, Hughes decided to start his own operation. That's Not A Typo. She became the first wife of Hughes. "I was a little delinquent," he says. "[6] Toxicological tests showed potentially lethal levels of the painkiller Darvon in her system.[7]. Wife #4, Darcy LaPiere (the Hawaiian Tropic model), had previously been married to action star Jean-Claude Van Damme. This sales model is known professionally as "multi-level-marketing", but it is also often referred to as a "pyramid scheme". The chief executive of Herbalife International Inc., Mark Hughes, died after a four-day drinking binge, according to a full report by the Los Angeles coroner. In the meantime, he would receive an estimated $250,000 stipend every year which would some day grow to $2 million per year. If that sounds insane to you, it is. Mark set out to sell his very first product, a protein shake, from the trunk of his car. Scott Carrier, of the Los Angeles County Coroner's Office, said final autopsy results found that Hughes, 44, had ingested a toxic combination of alcohol and Doxepin, an antidepressant he was taking to help him sleep. This is his insane life and death story. [1] In the ninth grade Hughes dropped out of school and began using drugs himself. But we're getting ahead of ourselves. Unfortunately over the years more than a dozen lawsuits have been filed over The Vineyard (now known as the Mountain of Beverly Hills, and listed in 2018 for $1 billion). The whole Ackman saga is fascinating enough to deserve its own dedicated article on Celebrity Net Worth, but for now we're gonna take a look at a different, equally insane story from the Herbalife chronology. Using his mother's legacy as a genesis, Mark founded Herbalife in 1980 when he was just 24 years old. As of this writing, Alex Hughes is 27 years old. In 2012, the 20 year old Alex Hughes finally had his day in court. The judge ruled in favor of Alex and removed the trustees from the estate forever. TimesMachine is an exclusive benefit for home delivery and digital subscribers. "I got in trouble with the law. "The approval there was based on how much funds you raised," Hughes told People magazine in 1985. Let's start from the beginning…. Hughes was born in La Mirada, California in 1956, the son of Jack Reynolds and Jo Ann Hughes. This house sat on 7.5 acres and featured 300 feet of beachfront property. She battled obesity and tension via amphetamines and sleeping pills. The buyer was Alex Hughes. [6] According to the autopsy report, several empty vials of prescription drugs were found beside her bed, and her doctor told the coroner she "was known to over-ingest her prescription drugs. Herbalife's multi-level-marketing plan was outrageously successful. Pretty soon, thousands of sales people were selling Herbalife products door-to-door around the country. Not much is known about Mark's early life other than his family grew up in humble circumstances and that his mother, Jo Ann Hughes, died when he was 18. Hughes's will stipulated that, until Alex turns 35, the bulk of his inheritance would be held in a trust managed by Jack Reynolds (Alex's paternal grandfather), attorney Conrad Klein, and Herbalife executive Christopher Pair. Herbalife stock is trading at about $7.50 a share, meaning Mark Hughes’ holdings have lost about half their value since the company’s 20th anniversary one year ago. Because Merv found out that the largest estate in Los Angeles at the time was Aaron Spelling's 56,000 square foot house. See the article in its original context from. As part of his divorce agreement from a year earlier, Mark's estate would also continue to pay ex-wife Suzan $10,000 a month in child support. He founded the company 20 years ago. The prime example of their mismanagement was related to The Vineyard. Though he married four times, he had only one son. Mark died suddenly in 2000, leaving behind a giant financial mess that took over a decade for his heirs to resolve. [11] Health agencies accused the company of violating labeling standards and using improper sales practices. Meanwhile, Suzan (the former Miss Petite USA) also claimed that one of the trustees sexually harassed her on a number of occasions. He planned on building a 45,000 square foot palace at Tower Grove, complete with 25 bedrooms and stunningly beautiful 360-degree views of the world. The death of one of the most legendary U.S. businessmen of the late twentieth century by Mark Reynolds Hughes, the founder of the company “Herbalife” have done a lot of noise. It took more than a decade since Mark's untimely death to resolve these legal battles. After Seyforth collapsed in 1979, Hughes then sold exercise equipment and weight-control products for a company called Golden Youth, also a direct-sales outfit. International Sales was $2 million in its first year, $10 million the next year. Mrs. Hughes told investigators that her husband was drinking before he fell asleep on the evening of May 20 on the living room sofa of their $27 million oceanfront estate in Malibu. And keep in mind, the property does not yet feature a house. Back in December 2012, Ackman shorted $1 billion dollars worth of Herbalife's stock. According to court documents filed to get the trustees removed from the estate, the trustees responded to Suzan's request by saying: "You are one of the most beautiful, unattainable women in the world. Over the years, various people have described Tower Grove as one of, if not THE, most beautiful and desirable pieces of real estate in Los Angeles. "[1][2] At 16, he was sent to CEDU High School, a private residential school for troubled youngsters in Running Springs, CA whose origins were associated with Synanon, a group founded in 1958 and later described as a cult. As if that wasn't bad enough, the trustees also reportedly turned down a higher offer from a much more qualified buyer. Mark Reynolds Hughes (January 1, 1956 – May 21, 2000) was an American businessman who was the founder, chairman, and CEO of Herbalife International Ltd, a multi-level marketing company. He died in 2000 at the age of 44. He forced the property into foreclosure to kick out Dickens and the other shady characters who by then had run up $200 million worth of debt with the trust. In addition to selling the product, sales-people were encouraged to sign up their friends, family and neighbors to become sales-people themselves. As of this writing, Herbalife's annual revenues top $4 billion and the company has a market cap of $6 billion (despite Bill Ackman's best efforts). Lessons After Mark and Darcy were married, she refused to live at Tower Grove because it reminded her too much of Suzan, so Mark bought a new $25 million house in Malibu for them to live in. ", "Testifies at Stormy Senate Hearing: Herbalife President Calls Diet Powders, Pills Safe", "Autopsy on Herbalife founder finds death caused by accidental overdose", "Legal battle rages around America's richest teenager", "Herbalife Heir Can't Object to Settlement Agreement", "Judge Fires Custodian of Herbalife Heir's $40 Million", "Trustees Kicked From Herbalife Founder's $330M Estate", "C.A. At this point, the family survived on welfare payments with Hughes' mother suffering from "emotional problems."
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