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Grizzly Bulls’ Billionaires Index

⬅ # 656 Austen Cargill II|# 658 Stephen Feinberg ➡

# 657 S. Curtis Johnson 

$4.85B

Real Time Net Worth
as of 7/25/2024
$1.5M (0.03%)

# 657 S. Curtis Johnson 

$4.85B

Real Time Net Worth
as of 7/25/2024
$1.5M (0.03%)
OccupationPartial Owner, SC Johnson & Son
Source of WealthCleaning Products
Age69
ResidenceRacine, Wisconsin
Marital StatusMarried
Children4
EducationBS, Cornell University; MBA, Kellogg School of Management
Age-Adjusted Net Worth$2.63B
S. Curtis Johnson
S. Curtis Johnson
United States
Net worth: $4.85B

Self-Made Score 

Wealth History

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Biography

Overview

S. Curtis "Curt" Johnson is a fourth-generation scion of the Johnson family, known for their ownership of S. C. Johnson & Son, a multinational corporation specializing in household cleaning supplies.
He gained notoriety for his involvement in a sexual assault case involving his stepdaughter, for which he was convicted in 2014.
Johnson's prominence in business and philanthropy is overshadowed by his criminal conviction, but his family's contributions to Cornell University and their ownership of S. C. Johnson & Son remain notable.

Biographical Information

S. Curtis Johnson is the great-great-grandson of Samuel Curtis Johnson Sr., the founder of S. C. Johnson & Son.
He is the son of Samuel Curtis Johnson Jr. and Imogene Powers Johnson.
Johnson held the position of chairman at Diversey until his resignation in early 2011, citing personal reasons.
In 2017, Johnson and his siblings pledged $150 million to Cornell University to establish the SC Johnson College of Business.
He made political donations, including $15,000 to the Republican National Committee in June 2009 and $1,000 to the RNC in 2008.
The S. C. Johnson and Sons PAC donated significant sums to political campaigns, including $99,700 in 2010.

Criminal Conviction

In March 2011, S. Curtis Johnson was charged with sexually assaulting his stepdaughter over a period of three years, starting when she was 12 years old.
He pleaded guilty to two misdemeanors in June 2014 and was sentenced to four months in jail, with a $6,000 fine.
Despite the conviction, he was not required to register as a sex offender.
The victim had moved to North Carolina and fought against appearing and testifying in court.
Johnson's criminal conviction tarnished his reputation and raised questions about his position within the family business.

SC Johnson & Son

S. C. Johnson & Son, Inc. is a privately held multinational corporation based in Racine, Wisconsin, specializing in household cleaning supplies.
Founded in 1886 by Samuel Curtis Johnson Sr., the company initially focused on parquet flooring before expanding into other household products.
Under successive generations of the Johnson family, including Herbert Fisk Johnson Sr. and Herbert Fisk Johnson Jr., the company expanded globally and introduced iconic brands such as Raid, Glade, OFF!, and Pledge.
The company's headquarters, the Frank Lloyd Wright-designed SC Johnson Administration Building, is a National Historic Landmark.
In 2017, S. C. Johnson employed approximately 13,000 people and had estimated sales of $10 billion.
H. Fisk Johnson, a fifth-generation family member, has served as Chairman and CEO since 2004.

How long would it take you to become as rich as S. Curtis 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 S. Curtis Johnson's net worth of $4.85B.

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.

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S. Curtis 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 Bulls’ 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 S. Curtis 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: 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