J R Simplot Net Worth is$3.7 Billion
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Profession: Entrepreneur, Businessperson
Date of Birth: Jan 9, 1909
Country: United States of America
J. R. Simplot was an Iowa-born entrepreneur with an estimated net worth of $3.7 billion dollars. J.R. Simplot founded the agricultural supply company, the J. R. Simplot Company, which focused on potato production. He passed away in 2008 at the age of 99 and was the oldest person on the Forbes 400 list.
John Richard ("Jack" or "J.R.") Simplot (January 9, 1909 - May 25, 2008) was the founder of the J. R. Simplot Company, an agricultural supplier specializing in potato products, based in Boise, Idaho. In 2007 he was estimated to be the 89th-richest person in America, at $3.6 billion. At the time of his death at age 99 in May 2008, he was the oldest billionaire on the Forbes 400.
Born in Dubuque, Iowa, in 1909, he was the third of six children of Charles R. and Dorothy Simplot. A year later, the family relocated a thousand miles (1600 km) west to homestead in the newly irrigated Magic Valley of south central Idaho. After differences with his authoritarian father, Simplot quit school in the eighth grade and left home to strike out on his own at age 14 in 1923. He then worked on a farm near Declo, before getting into the potato and vegetable processing business.
By World War II, the J. R. Simplot Company had become the largest shipper of fresh potatoes in the nation.
In 1945, Simplot's Soilbuilder/Grower Solutions organization was formed, and Simplot established a canning and dehydrating quick-freeze plant in which employees tested frozen potato products. The Simplot Company is credited with pioneering the first commercial frozen French fry in the late 1940s. In 1953, Simplot patented the frozen French-fried potato, an invention of his scientists that would later make him billions.
In 1967, Simplot and McDonald's founder Ray Kroc agreed by hand shake that the Simplot Company would provide frozen French fries to the restaurant chain. Previously, restaurants had cut potatoes at each location for fresh French fries, but the favored Russet potato was not available for three months in the summer, leading to a quality control problem. Simplot was able to supply frozen Russet potatoes all year long. By 1972, all fries were frozen. The frozen fry deal led to expansion of Simplot potato processing plants and construction in 1977 of a new plant at Hermiston, Oregon. B

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J R Simplot Latest News

New Simplot CEO, president is a longtime veteran of the Idaho company

The J.R. Simplot Co. has named a 26-year employee as the company's new president and chief executive officer. Garrett Lofto, who spent the past nine years as president of the Boise-based company's AgriBusiness group, succeeds Bill Whitacre, who announced ...
Posted: May 15, 2018, 1:27 pm

J.R. Simplot names Garrett Lofto as CEO to replace Bill Whitacre

just-food gives you the widest food market coverage. Paid just-food members have unlimited access to all our exclusive content - including 18 years of archives. I am so confident you will love complete access to our content that today I can offer you 30 ...
Posted: May 17, 2018, 2:05 am

Treasure Valley parks guide: What's new, what's coming, where to picnic

coli in 2017. Backstory: Esther Simplot is the Simplot family matriarch, the widow of agribuisiness billionaire J.R. “Jack” Simplot, and a beloved arts supporter. Green waves, wave holes and holes — there's something for everyone. Every day at noon ...
Posted: May 23, 2018, 12:14 pm
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