Rex Maughan, born on November 20, 1936, in Utah, is a renowned entrepreneur best known for founding and leading the successful cosmetics marketing company, Forever Living Products. Throughout his career, he has also ventured into the hospitality industry, establishing an affiliated resort chain that has garnered significant success. With a net worth of six-hundred-million dollars in 2002, Maughan was recognized as one of the 400 Richest Americans by Forbes.
Maughan's journey towards entrepreneurship began after he transferred from Brigham Young University to Arizona State University, where he obtained a bachelor's degree in accounting. Prior to founding Forever Living Products, he gained valuable experience working for over a decade at the Del E. Webb Construction Company. His strong work ethic and business acumen laid the foundation for his future success in the industry.
Aside from his achievements in the business world, Maughan is also recognized for his philanthropic efforts. He played a crucial role in preserving the Samoa homestead of the renowned writer Robert Louis Stevenson, showing his commitment to preserving cultural heritage. Moreover, his contributions to various charitable causes demonstrate his dedication to making a positive impact on society.
Maughan's upbringing in Logan, Utah, and Soda Springs, Idaho, played a significant role in shaping his values and beliefs. Alongside his wife, Ruth, he raised their three children in the Mormon faith, emphasizing the importance of family and community in his life. His unwavering commitment to his loved ones reflects his compassionate nature and strong sense of responsibility.
In addition to his professional endeavors, Maughan has been actively involved in politics, supporting the campaigns of Republican candidate Mitt Romney in the 2008 and 2012 presidential elections. His contributions to the political sphere underscore his dedication to advocating for causes he believes in and making a difference on a larger scale.
As an entrepreneur, philanthropist, and community leader, Rex Maughan has left a lasting legacy that extends far beyond his business ventures. His commitment to excellence, integrity, and generosity serves as an inspiration to aspiring entrepreneurs and future leaders, showcasing the power of determination and vision in achieving success.