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Grizzly Bullsā€™ Billionaires Index

ā¬… # 601 Robert Bass|# 603 Firoz Mistry āž”

# 602Ā H. Fisk JohnsonĀ 

$5.10B

Real Time Net Worth
as of 7/25/2024
$2.6M (0.05%)

# 602Ā H. Fisk JohnsonĀ 

$5.10B

Real Time Net Worth
as of 7/25/2024
$2.6M (0.05%)
OccupationChair and CEO, S. C. Johnson & Son
Source of WealthCleaning Products
Age66
ResidenceRacine, Wisconsin
Marital StatusDivorced
Children1
EducationBS, Cornell University; Doctorate, Cornell University; MS, Cornell University; MBA, Samuel Curtis Johnson Graduate School of Management
Age-Adjusted Net Worth$3.40B
H. Fisk Johnson
H. Fisk Johnson
United States
Net worth: $5.10B

Self-Made ScoreĀ 

Wealth History

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Biography

Overview

Herbert Fisk Johnson III, known as Fisk, is the chairman and CEO of SC Johnson, a privately-held cleaning products company founded in 1886.
He is the fifth generation of the Johnson family to lead the company, which has an estimated revenue of $11 billion and is renowned for brands like Windex, Off!, and Pledge.

Early Life

Born on May 19, 1958, in Racine, Wisconsin, he is the son of the late Samuel Curtis Johnson Jr. and Imogene Powers Johnson.
He is the great-great-grandson of company founder Samuel Curtis Johnson.
His family members, including his three siblings and mother are all multi-billionaires as well.

Education

Fisk holds multiple degrees from Cornell University, including a BA in chemistry and physics, a Master of Engineering, an MS in applied physics, an MBA in marketing and finance, and a PhD in applied physics.
His education also includes studies at Cornell's S.C. Johnson Graduate School of Management.

Career

He began his career with SC Johnson in 1987 as a marketing associate and has held various roles within the company.
Fisk was appointed chairman in 2000 and became CEO in 2004.
He accepted a 2006 Ron Brown Award on behalf of the company, a presidential award for corporate leadership.

Public Policy Work

Fisk has served on the President's Advisory Committee for Trade Policy and Negotiation.
He is a member of the World Business Council for Sustainable Development and sits on the board of Conservation International.
Additionally, he is a trustee emeritus of Cornell University.

Patents

Fisk is listed as one of the inventors on U.S. Patent #7028405, titled "Vibratory Shaver", and U.S. patent application #20060238136, titled "Lamp and bulb for illumination and ambiance lighting".

Charity

His family is a benefactor of the Samuel Curtis Johnson Graduate School of Management at Cornell University.
He has supported Chicago's Shedd Aquarium and, in 2017, donated $150 million to Cornell to name the SC Johnson College of Business.
The college includes the Samuel Curtis Johnson Graduate School of Management, the Charles H. Dyson School of Applied Economics, and the School of Hotel Administration.

Personal Life

Fisk was previously married to Dr. Susan Lochhead, a former emergency room physician, with whom he has a daughter.
The divorce proceedings lasted three years, and he currently resides in Racine, Wisconsin.

Company History

SC Johnson was founded in 1886 when Samuel Curtis Johnson purchased the parquet flooring division from the Racine Hardware Manufacturing Company.
Under Herbert Fisk Johnson Sr., the company expanded globally, establishing subsidiaries and introducing products like Glo-Coat during the Great Depression.
The company has a history of sponsorship in radio and television shows, including The Johnson Wax Program and The Name's the Same.
The iconic SC Johnson Administration Building, designed by Frank Lloyd Wright, opened in April 1939 and was designated a National Historic Landmark in 1974.
Raid House & Garden Bug Killer in 1955 marked the company's venture into non-wax-based products, followed by the introduction of well-known brands like Glade, OFF!, and Pledge.
In April 2018, the company updated its tagline to "A Family Company at Work for a Better World."

Acquisition Milestones

Throughout its history, SC Johnson has made significant acquisitions, including Drackett in 1992 (maker of Windex and Drāno) and DowBrands in 1998 (including Ziploc and Scrubbing Bubbles).
In 1999, the commercial cleaning products division separated from Johnson Wax and became Johnson Wax Professional, later known as Diversey, Inc.
Other acquisitions include Bayer household chemical brands in 2003, Caldrea Co. in 2008, and the Kiwi shoe care brand in 2011.
In recent years, SC Johnson acquired Deb Group, Babyganics, Method, Ecover, and Stasher.

Ingredients Transparency

SC Johnson launched a website listing ingredients for their products sold in North America in 2009, adding fragrance ingredients in 2012.
The company expanded ingredient transparency to its European products in 2016 and disclosed a list of 368 potential skin allergens in May 2017.

How long would it take you to become as rich as H. Fisk Johnson?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach H. Fisk Johnson's net worth of $5.10B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 52.22% compared to 16.62% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

H. Fisk Johnson is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bullsā€™ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For H. Fisk Johnson, Cleaning Products is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology:Ā Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey