Chemical Industry Pioneer and Billionaire Jon Huntsman Dies at Age 80
Chemical industry pioneer and billionaire Jon Meade Huntsman has died at the age of 80 on the 2nd of February 2018, in this home in Salt Lake City (Utah, United States). Regarded as one of his generation’s great industrialists and a billionaire with an estimated net worth of $1.2 billion, he founded the Huntsman Container Company in 1970, which revolutionized packaging and plastics. In 1974, he created the “clamshell” container for fast-food sandwiches (eg. McDonald’s Corp.’s Big Mac hamburger) and went on to invent as many as 30 other popular products, including the first plastic plates and bowls.
” Pioneer of Clamshell Container and Billionaire Jon Huntsman Dies at Age 80 “
Jon Huntsman is the founder and Chairman Emeritus of Huntsman Corporation, a global manufacturer and marketer of differentiated and specialty chemicals with 2016 revenues of more than $7 billion, operating in more than 75 manufacturing, R&D and operations facilities in over 30 countries, employing about 10,000 people. Today, Huntsman Corporation and Venator Corporation (a public subsidiary of Huntsman Corporation) represent an $11 billion global manufacturer and marketer of chemicals. In December 2017, the Board of Directors of Huntsman Corporation named Mr. Huntsman Director and Chairman Emeritus, and elected his son, Peter R. Huntsman, Chairman, President and CEO.
A philanthropist, Jon Huntsman is always on a mission to find a cure for cancer and alleviate its effects on people. In 1995, he contributed $100 million to establish the Huntsman Cancer Institute (University of Utah), a pioneer in genetic research and treatment and today one of the world’s most renowned cancer institutes and hospitals. More than $2 billion has been raised (substantially from him and his spouse), to fund the Huntsman Cancer Institute and Hospital. He lost both his parents to cancer, and had fought his own battle with cancer numerous times.
He was born in 1937, and had been awarded 13 honorary doctorate degrees at various universities. He has a M.B.A. from the University of Southern California and a degree from the Wharton School of Business, University of Pennsylvania.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2016 revenues of more than $7 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 75 manufacturing, R&D and operations facilities in over 30 countries and employ approximately 10,000 associates within our four distinct business divisions.
The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals. Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.
Get The Wealth Insider Daily
- For Press Release, please contact firstname.lastname@example.org
- For Media-related enquiries, please contact email@example.com
- For Advertisement, please contact our official ad agency