Scott Simplot

About Scott Simplot

Birth Place: United States
Education: B.A., Business (1968) - University of Idaho MBA (1973) - University of Pennsylvania
Occupation: businessman
Employer: J.R. Simplot Company
Parents: J.R. Simplot (father) Rudy Rosevear (mother)
Relatives: Gay Simplot (sister)

Scott Simplot Net Worth

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.
Scott Simplot is a member of Manufacturing

💰 Net worth: $2.1 Billion (Updated at 22 June 2018)

Some Scott Simplot images

Biography/Timeline

1968

Simplot is the youngest son of J.R. Simplot, the founder of the Diversified agriculture company J.R. Simplot Company, and his first wife Rudy Rosevear. 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.

1970

Simplot first obtained a seat on the J.R. 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. 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.R.; the two adopted markedly different approaches to management.

1996

During his time at J.R. 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. He is also responsible for the company's 2003 purchase of the Australian arm of John West Foods.

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."

2016

In addition to his seat on the J.R. Simplot Company board, he also serves on the boards of Directors of nearly a dozen other companies. In 2016, Forbes named him the wealthiest man in Idaho, with an estimated net worth of $2.1 billion.