He was a self-made millionaire who started his business with a $500 loan from his father. He was able to build a successful business and amassed a net worth of $2.47 million. He also earned a salary of $1.5 million per year.
George A. Hormel was a self-made millionaire who founded the Hormel Foods Corporation, makers of canned meats and SPAM. Born in 1860, he started his business with a $500 loan from his father and was able to build a successful business, amassing a net worth of $2.47 million and earning a salary of $1.5 million per year.
George A. Hormel is a member of Entrepreneur
Age, Biography and Wiki
💰 Net worth: $2.47 million (2024)
George A. Hormel, a renowned entrepreneur based in New York, has amassed a significant net worth of approximately $2.47 million, according to estimates for the year 2024. Hormel's success can be attributed to his exceptional business acumen and strategic decision-making in the industry. As an entrepreneur, he has expertly navigated the competitive landscape and established himself as a prominent figure in the business world. With a stellar track record of accomplishments, George A. Hormel continues to inspire budding entrepreneurs with his remarkable achievements and unwavering dedication to success.
About
Founder of the Hormel Foods Corporation, makers of canned meats and the ever-popular SPAM.
Before Fame
He worked a variety of odd jobs throughout the Midwest.
Trivia
His company started out in the meatpacking business.
Family Life
He had a son Jay with his wife Lillian.
Associated With
He followed Henry Ford's example and insisted on paying his employees well and giving them good benefits.
