John Richard Simplot, better known as J. R. Simplot, was born on April 4, 1909, in Dubuque, Iowa. He was the third of six children born to Charles and Dorothy Simplot. His family eventually moved to Idaho, where he began his journey as an entrepreneur at a young age.
At the age of 14, Simplot dropped out of eighth grade to become a farmer. He purchased his first potato crop for $750, and by the age of 20, he had expanded his business to include a potato dehydration plant. This marked the beginning of his success in the agricultural industry.
In 1929, at the age of 20, Simplot founded the J. R. Simplot Company, which would become one of the largest privately held companies in the world. The company specialized in potato products, and Simplot quickly gained a reputation for his innovative business practices and commitment to quality.
Throughout his career, Simplot was known for his tireless work ethic and dedication to his craft. He was the only American billionaire on the Forbes 400 list who was an eighth-grade dropout, a testament to his determination and business acumen. In 2008, at the age of 99, he was also the oldest member of the Forbes 400 list.
In 1972, Simplot married Esther Becker, with whom he remained until his death. Despite his busy career, Simplot always made time for his family and was a devoted husband and father.
Today, the J. R. Simplot Company continues to thrive as a global leader in the agricultural industry, carrying on the legacy of its founder. Simplot's impact on the industry is undeniable, and his entrepreneurial spirit serves as an inspiration to aspiring business leaders around the world.
In 2007, Simplot and Warren Buffet were both featured on the Forbes 400 list, with Buffet ranking higher. Despite this, Simplot's legacy as a self-made billionaire and industry pioneer remains a testament to his remarkable achievements.
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