Clayton Mathile Net Worth is$1.9 Billion
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Nicknames: The Iams Company
Clayton Mathile net worth: Clayton Mathile is an American businessman with an estimated net worth of $1.9 billion dollars which makes him one of the richest people in Ohio. Born in Portage, Ohio, Clayton Mathile graduated at the top of his fourteen student class at age 16, and went on to attend Ohio State University on a basketball scholarship. He began his college career focusing on mechanical engineering, and then shifted his focus to business. After his scholarship fell through, he began working at a gas station to make ends meet. After graduating, he began working as an account at a manufacturing plant for General Motors. This led to seven years working in accounting and related departments for the Campbell's Soup Company. In the early 70s, he made the risky decision to begin working for the newly formed, Iams Food Company, an Ohio-based pet food manufacturer. Under his leadership, the company grew exponentially, and he purchased it from its founders in 1982. He then sold it to Proctor & Gamble in 1999 for $2.3 billion. He distributed $100 million of his profit from the sale among Iams' employees.
Clayton Lee Mathile (pronounced [Muh-til]), born on January 11, 1941, and known as Clay, is an American entrepreneur, investor and philanthropist, best known for leading The Iams Company, to nearly $1 billion in sales before selling it to Procter & Gamble for $2.3 billion in 1999 in what was, at the time, the largest cash-only deal in P&G's history . Mathile shared some of the proceeds with 2,000 Iams employees.
In 1970, dissatisfied with corporate life, Mathile accepted a job as sales manager at a small, regional pet food manufacturer: The Iams Food Company in Dayton, Ohio. Over time, he became the company's sole owner, CEO, and chairman. Known for his commitment to developing products that delivered superior nutrition, Mathile also emphasized innovative marketing. He is one of the few entrepreneurs to lead a company with two successful premium brands ??? Iams and Eukanuba.
Mathile continues to champion entrepreneurs and the free enterprise system. Additionally, he and his family have devoted their extensive charitable efforts to improving low-income children's access to quality education, helping children and their families in need and eradicating world hunger and malnutrition. Mathile elected to concentrate much of his philanthropy in the Dayton region.
Mathile was born the oldest child of Wilbert "Bill" Ray Mathile and Helen Good Mathile (married in 1939) in the tiny, northwest Ohio town of Portage, where his parents owned and operated a 40-acre farm.[dead link] Growing up on the family farm ??? where everyone worked together to raise crops such as wheat, soybeans, hay, and oats, as well as dairy and beef cattle ??? instilled Mathile with an abiding respect for the role of the farmer, a keen interest in entrepreneurship, a love of learning and discovery, a strong sense of self-discipline, and an intense work ethic.
Mathile asked to start school at age four and soon reported to the local two-room schoolhouse. By age six, he helped milk and feed the fa

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Clayton Mathile Latest News

JobsOhio names new leader

The Dayton Daily News reported on Thursday that Krush Media Group was founded with financial backing from Dayton-area billionaire Clayton Mathile, a major supporter of Husted’s political campaigns.
Posted: February 15, 2019, 4:29 am

Forbes 400 list includes three Ohioans

With an estimated wealth of $2.2 billion, was Portage, Ohio, native Clayton Mathile, founder of Iams pet food company. The Ohioans' wealth paled in comparison to those at the top of the list. Amazon ...
Posted: October 4, 2018, 7:29 am

Justice makes Forbes 400 list

Three people from Ohio made the list, including Limited Brands CEO Leslie Wexner of New Albany at No. 83 with $3.9 billlion; former Iams pet food chief Clayton Mathile of Brookville at No. 250, $1.9 ...
Posted: September 19, 2012, 9:09 pm
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