Scott Simplot’s profile picture

Scott Simplot

Scott Simplot’s profile picture
Net worth 2018: $2.1 Billion
Industry: Manufacturing
Country: United States
BIOGRAPHY

Scott Simplot was born in United States. Spuds are what make Scott Simplot rich. His father, J.R. Simplot, dropped out of the eighth grade, worked odd jobs on farms and then bought his own potato farm. He became the father of the frozen French fry when he developed an innovative freezing process. Shortly before Simplot's death in 2008, his eponymous company was supplying a third of America's French fries. (Anyone eating at McDonald's has tasted one.) Simplot also expanded into phosphate mining and fertilizer production. Scott is chairman and chief executive of the company now. He shares the duties of running his father's firm with his sister, Gay, who is also a billionaire.

NET WORTH STATISTIC
2016

$2.1 Million

2018

$2.1 Billion

TIMELINE
2016

In 2016, Forbes named him the wealthiest man in Idaho, with an estimated net worth of $2

2004

In 2004 Simplot received an honorary doctorate in Administrative Science from the University of Idaho in recognition of "lifelong achievement, public service, and significant contributions to the state of Idaho and the nation

2003

He is also responsible for the company's 2003 purchase of the Australian arm of John West Foods

2001

He was quickly promoted to more senior positions and became chairman of the board of directors in 2001 after he reportedly "pushed out" his father, J

1996

Simplot Company, Simplot has been credited with engineering the company's lucrative early-stage investment in Micron Technology, which grew to 22-percent of that company by 1996

1970

Simplot Company board of directors in 1970 and was hired as the company's director of planning and information technology in 1973, following his graduation from Wharton

1968

He received a Bachelor of Science in Business from the University of Idaho in 1968 and went on to earn a Masters in Business Administration (MBA) from the Wharton School at the University of Pennsylvania in 1973

1947

Scott Simplot (born 1947) is the chairman and chief executive officer of the J

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