H. Fisk Johnson Net Worth stands as a testament to his successful career in the business world. Known primarily as the chief executive officer of S.C. Johnson & Son, Incorporated, H. Fisk Johnson has amassed a remarkable fortune, with his net worth estimated at $5 billion. This achievement reflects not only his personal success but also the enduring legacy of a company founded by his great-grandfather in 1886.
Early Years
Born Herbert Fisk Johnson III on May 19, 1958, in Racine, Wisconsin, he is deeply rooted in his family’s entrepreneurial spirit. As the son of Samuel Curtis Johnson and Imogene Powers, H. Fisk Johnson carries the legacy of his great-grandfather, Samuel Curtis Johnson, the pioneer behind S.C. Johnson & Son, Incorporated.
What is H. Fisk Johnson net worth?
| Name | H. Fisk Johnson |
|---|---|
| Category: | Richest Business › Richest Billionaires |
| Net Worth: | $5 Billion |
| Birthdate: | May 19, 1957 (68 years old) |
| Birthplace: | Racine |
| Gender: | Male |
| Profession: | Businessperson |
| Nationality: | United States of America |
Johnson’s educational journey led him to the Samuel Curtis Johnson Graduate School of Management at Cornell University in Ithaca, New York. Here, he pursued a diverse array of studies, earning degrees in chemistry and physics, engineering, applied physics, and an MBA in marketing. This strong academic foundation undoubtedly contributed to his success in the business world.
In 1987, Johnson joined the ranks of S.C. Johnson & Son, Incorporated as a marketing associate. By 2000, he had risen to the position of chairman, and in 2004, he assumed the role of chairman and chief executive officer, marking the fifth generation of his family to lead the company.
The Family Business
S.C. Johnson & Son, Incorporated, based in Racine, Wisconsin, is one of the oldest family-owned businesses in the United States. The company’s origins trace back to when Samuel Curtis Johnson acquired the parquet flooring division of the Racine Hardware Manufacturing Company and renamed it S.C. Johnson. In the early days, Samuel traveled extensively, selling flooring and personally handling the company’s paperwork. His first year’s efforts yielded a modest profit of $268.27.
Over the years, Samuel expanded his product line to include floor care products such as wax and wood dye. To introduce these innovations, he generously provided each customer with a can of his paste wax. By 1898, floor care products had become more popular than the flooring itself.
The business continued to flourish, with Samuel’s son Herbert joining the company, leading to its renaming as S.C. Johnson & Son, Incorporated. The Johnson family embraced national advertising campaigns, which propelled the company to financial success, allowing expansion into the United Kingdom by 1914.
During the mid-20th century, the company sponsored beloved radio and television shows like ‘Fibber McGee and Mollie’ and ‘The Red Skelton Show.’
In 1955, S.C. Johnson & Son, Incorporated diversified its product offerings beyond floor care, introducing well-known brands such as Pledge, Glade, and Off!. The company’s headquarters was recognized as a National Historic Landmark in 1974.
Under Johnson’s leadership, the company has taken significant strides in product transparency, affirming consumers’ right to know the contents of the products they use. In 2009, S.C. Johnson & Company launched its North American ingredient communication program, which went global in 2019.
Philanthropy
The tradition of philanthropy runs deep in the Johnson family. Samuel Curtis Johnson, the founder, consistently donated ten percent of his income to civic improvements and supported various charitable causes. This legacy continues, with S.C. Johnson & Son, Incorporated donating five percent of pretax profits to charity annually.
Public Policy Work
H. Fisk Johnson has played a prominent role in public policy, serving on the President’s Advisory Committee for Trade Policy and Negotiation, the World Business Council for Sustainable Development, and Conservation International. He is also a trustee emeritus and presidential counselor at Cornell University. Furthermore, Johnson contributes to the Consumer Goods Forum and the University of Chicago’s Physical Sciences Division Council.
Accolades
In 2006, Johnson proudly accepted the Ron Brown Award for Corporate Leadership on behalf of S.C. Johnson & Son, Incorporated. This prestigious United States presidential honor recognizes companies for their exceptional relationships with employees and communities.
The company has received numerous accolades for environmental and social leadership, including the Presidential Green Chemistry Award, the Environmental Protection Agency’s Lifetime Atmospheric Achievement Award, and the EPA Green Power Leadership Award, among others.
Personal Life
H. Fisk Johnson’s personal life has seen its share of ups and downs. He was married to Dr. Susan Lochhead, a former emergency room physician, for a brief period before a prolonged divorce battle ensued. The divorce concluded with Johnson agreeing to pay $38,000 monthly in child support for their daughter.
Outside of his business endeavors, Johnson is a licensed pilot and an avid scuba diver. He resides in Racine, Wisconsin, where he continues to lead both his company and his philanthropic efforts.
What is H. Fisk Johnson’s net worth?
H. Fisk Johnson, the Chairman and CEO of SC Johnson, has a net worth of approximately $3.9 billion. He is the fifth generation of his family to lead the company, which has a global presence and annual sales of over $10 billion. Johnson’s success can be attributed to his strategic leadership and focus on sustainability, innovation, and community impact
How did H. Fisk Johnson acquire his wealth?
H. Fisk Johnson acquired his wealth through his family’s ownership of S.C. Johnson & Son, a multinational consumer goods company. He also holds a PhD in physics and has served as the company’s CEO since 2004, leading its growth and success in the global market
What is H. Fisk Johnson’s salary?
H. Fisk Johnson’s salary is not publicly disclosed, but as the Chairman and CEO of SC Johnson, a global consumer goods company, he is estimated to earn a significant amount. In 2019, the company reported a revenue of $10 billion, indicating a successful leadership under Johnson’s guidance
How does H. Fisk Johnson’s net worth compare to other CEOs?
H. Fisk Johnson’s net worth is estimated at $3.7 billion, making him one of the wealthiest CEOs in the world. This places him in a similar financial standing as other top CEOs, such as Jeff Bezos and Warren Buffett. However, Johnson’s net worth is primarily derived from his family’s ownership of SC Johnson, rather than personal ventures like Bezos and Buffett
What philanthropic efforts has H. Fisk Johnson made with his wealth?
H. Fisk Johnson, the CEO of SC Johnson, has made significant philanthropic efforts with his wealth. He has donated millions to various causes, including environmental conservation, education, and community development. His foundation also supports disaster relief and healthcare initiatives globally. Johnson’s philanthropy reflects his commitment to making a positive impact on society and the environment
You may also like:
What is Morgan and Morgan net worth?
▶️ Índice:
