Mark R. Hughes: Difference between revisions
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To the surprise of many, after Mark Hughes death, his attorney Conrad Klein assumed control of all Hughes' ventures including Herbalife, The Herbalife Family Foundation and The Mark Hughes Trust. |
To the surprise of many, after Mark Hughes death, his attorney Conrad Klein assumed control of all Hughes' ventures including Herbalife, The Herbalife Family Foundation and The Mark Hughes Trust. |
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In 2006, Judge Paul Gutman ordered the removal of the Custodian of The Mark Hughes Trust, Jack Reynolds, for ceding control of $40,000,000 to Conrad Klein. |
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==References== |
==References== |
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Revision as of 03:55, 3 March 2007
Mark Reynolds Hughes (January 1, 1956 — May 21, 2000) was an American businessman who was founder, chairman and CEO of Herbalife International Ltd.
In February 1980, aged 24, Hughes founded Los Angeles-based Herbalife International. It has since become one of the world's largest distributors of herbal products through multi-level marketing, with sales of about $3.1 billion in 2006 according to company statements.
In 1994. Mark and Suzan Hughes started the Herbalife Family Foundation, a charity dedicated to helping children. The Herbalife Family Foundation and its sister organization, the International Herbalife Family Foundation, have donated more than $5 million to children's causes worldwide
Hughes often stated that his mother died of an accidental overdose of prescription diet pills when he was 18, which he claimed was the impetus for founding Herbalife.
Mark Hughes died at age 44. The Los Angeles County Coroner autopsy results ruled that the entrepreneur had died of an accidental overdose of large quantities of alcohol and the prescription anti-depressant Doxepin. He died while married to Darcy Lapier to whom he was married for a very short time. Before his marriage to Lapier, Hughes was married to Suzan Hughes for 10 years. Suzan is the mother to their only son, Alexander.
To the surprise of many, after Mark Hughes death, his attorney Conrad Klein assumed control of all Hughes' ventures including Herbalife, The Herbalife Family Foundation and The Mark Hughes Trust.
In 2006, Judge Paul Gutman ordered the removal of the Custodian of The Mark Hughes Trust, Jack Reynolds, for ceding control of $40,000,000 to Conrad Klein.
References
Copage EV. Mark R. Hughes, 44; Founded Nutrition Supplement Concern New York Times, 23 May 2000. Section B, Page 11, Column 5.
Heller M. Death and Denial at Herbalife; The Untold Story of Mark Hughes' public image, Secret Vice and Tragic Destiny "Los Angeles Times". 18 February 2001
Judge Fires Custodian of Herbalife Heir's $40 Million http://www.onpointnews.com/061113.asp