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How Frank VanderSloot saved 115 family farms and a region's dairy industry . [8][25]:58,60 Half the legacy distributors from Oil of Melaleuca left after Melaleuca, Inc., was formed (below). Mr. VanderSloot has since been learning what it means to be on a presidential enemies list. Here's what happened", "VanderSloot Vindicated in Mother Jones lawsuit East Idaho News", "VanderSloot starts fund to defend conservatives against defamation", "Judge tosses VanderSloot suit against Mother Jones", "VanderSloot sues former reporter for defamation", "Businessman settles defamation suit with former reporter", "VanderSloot drops lawsuit after reporter admits false statements East Idaho News", "VanderSloot prevails in defamation settlement | Post Register", "A Special Cause: The Santa Lucia Children's Home", "Supplies headed south; New Orleans family finds refuge in Idaho Falls as eastern Idaho sends help to the Gulf Coast region", "Salvation Army 'The Others Award' Recipients, Melaleuca", "Ceremony Caps Renovation of New Sweden School,", "Public School in Rural Idaho Touts Patriotic Focus," Associated Press at Fox News, June 1, 2012, "Premier Technology's Sayer named Idaho Business Leader of the Year", "Frank VanderSloot Idaho Hometown Hero Medalist 2011", "Crapo to Receive 'Hometown Hero' Medal; Note Teen Dating Violence Efforts", "Idaho businessman Vandersloot receives Horatio Alger award", "Frank VanderSloot receives Horatio Alger award. Saturday, October 21, 2017 Z1110 is a second generation donor in the Riverbend embryo program, she is a direct daughter of the $330,000 Riverbend matriarch, Rita 2811. . [104][111][112][113] Ultimately, the audits found no wrongdoing but VanderSloot paid $80,000 to defend himself during the audit process. [68][69][70], In 1993, VanderSloot founded Riverbend Ranch, one of the largest purebred ranches and largest commercial cattle operations in the United States. He promised that all five hundred people whose jobs depended on the plant would remain employed and leased the plant to Beatrice Cheese, a subsidiary of ConAgra. Although VanderSloot lost over $500,000 in the venture, he says that saving the Blackfoot cheese plant and the local dairy industry is one of his proudest endeavors. Heather Smith Thomas is a corresponding writer for the Wyoming Livestock Roundup. [87] In 1999, the facility netted $278 million in sales. [100] He also served as a finance co-chair for Romney's 2012 presidential campaign. Frank and Belinda VanderSloot Owners . In other words, they are raised in sagebrush in Kilgore, Idaho, and in Dillon, Montana, just like our commercial cattle. [97], VanderSloot is on the board of directors and executive board of the United States Chamber of Commerce. Facebook Not only that, meat processing plants were closing across Hawaii. Sign me up for Hawaii Travel News! Less than eight percent of beef consumed in Hawaii is local, according to Farias, and 10 years ago he realized his business model was broken. [110] VanderSloot said that the timing of the audits was curious and questionable, claiming that he received notice of the IRS audit two months after he was "singled out by the Obama campaign." Riverbend tries to match the bulls with the right customers. This copy may not be in its final form and may be updated. Idaho Falls, Idaho Search Background Check Riverbend Ranch Business Data 2880 N 55th W, Idaho Falls, ID 83402 (208) 528-6635 bulls@riverbendranch.us www.riverbendranch.us AllBiz Business Profile Background Search Frank Vandersloot Coworkers at Riverbend Ranch (8) Doug Mills If the cowboys with the commercial herd see something they dont like, they have no problem calling me up and saying, This is an issue with a certain bull, and we work together to improve the Angus breed, says Dale. Frank VanderSloot grew up a poor kid in rural Idaho. Farias met VanderSloot years ago when the Idaho businessman needed to rent some corrals. [8][25]:58[32] VanderSloot said "the company was a mess" when he arrived. ", "The Case (for and) against Multi-level Marketing", "20082009 Officers, Board Members, Elected during DSA's Annual Meeting", "Direct Selling Association PAC Contributors 2010", "Billionaire Romney donor uses threats to silence critics", "On Democracy Pity the Poor Billionaires", "In the matter of Attorney General Larry Echohawk's investigation into the business practices of Melaleuca", "Warning Letter (No. [132] Tom McClintock complained about VanderSloot's treatment in a speech on the floor of the United States House of Representatives in May 2013[133] and Marco Rubio separately made a similar statement on the floor of the Senate. Shipping calves to the mainland was getting increasingly harder to find sustainable margins, he says. Most of our calves are raised in a commercial herd environment. The 50 or so employees of Kunoa, who were worried about their jobs, now have secure employment and every one of them received a pay raise. Frank Leonard VanderSloot (born August 14, 1948) is an American entrepreneur, radio network owner, rancher, and political campaign financier. Carcass and performance data is gleaned from steer mates that go through the feedlot. Riverbend utilizes artificial insemination (AI) as well as an extensive embryo transfer program. "[103][104][105][106] VanderSloot made a series of television appearances, in some of which he called for donations to Romney in protest of the list. Riverbend Ranch runs 1,400 registered Angus and embryo-recipient cows to produce bulls and replacement heifers for their registered herd. He not only bought the entire operation on the island of Oahu, but paid $1.5 million to the ranchers and several others who were owed . ", The magazine The Land Report, recently listed the top 100 land owners in the U.S. HONOLULU (HawaiiNewsNow) - Oahus Kua Aina Sandwich Shop claims a company owned by an Idaho billionaire is wrongfully using its name. [72][73][74] The Ranch runs a genetics and breeding program[71] and hosted the world's largest Angus bull sale in March 2012. ", "Get-Rich-Quick Profiteers Love Mitt Romney, and He Loves Them Back", "Nu Skin money heads up Romney super PAC disclosure", "5 Reasons the 'Geezer Empire' of Billionaire Republicans Are Showering Romney with Cash | Alternet", "The Hounding of Brendan Eich Gives New Cover to Defenders of Dark Money", "Get to Know Mitt Romney's Most Controversial Backer, Frank VanderSloot", "CN&R Opinions from This Corner Know him by his friends May 3, 2012", "Right-Wing Billionaires Behind Mitt Romney", "Melaleuca: Healthy products, healthy growth", "Why Spotting a Pyramid Scheme Isn't So Easy", "Melaleuca Surpasses $1 Billion in Sales for Year. ", "Another Record Year in Sales for Melaleuca. VanderSloot says that the company has a "business model for those people who want to supplement their income. [138] Following the presidential election in November 2016, VanderSloot announced on Twitter that Trump was not his first, second, or third choice as a candidate but that it was "time for all of us to come together and unite behind our new president. [60], Between 1991 and 1997, Melaleuca was investigated by Michigan regulators, the Idaho attorney general's office, and the U.S. Food and Drug Administration for various marketing violations. The estate was once a location for major Hollywood films such as Jurassic Park and Pirates of the Caribbean.. [169], VanderSloot stated in 2012 that "gay people should have the same freedoms and rights as any other individual"[184] and in 2013 that he supports equal rights for gay people but believes that the definition of marriage is a union between a man and a woman. The founder of Kunoa Cattle Company, a meat processing plant in Hawaii, couldnt pay his employees, owed money to ranchers and had nearly a million dollars of cattle that had been slaughtered but not purchased. Donors Showing Thirst to Oust Obama in November", "Marco Rubio scores megadonor Frank VanderSloot", "Pyramid-Like Company Ponies Up $1 Million for Mitt Romney", "Republican presidential candidates court Idaho's mega-donor", "Dave Plourd, "VanderSloot Farms Buys New Sweden School Property," LocalNews8, February 9, 2012", George Prentice, "VanderSloot-Funded Charter School Gets OK From State Commission,", Nate Sunderland, "Idaho Falls Charter School Backed by Melaleuca's VanderSloot Touts Patriotic, Business-Focused Learning,", "Obituaries: Margaret Sindberg-Woodley VanderSloot", Steve Smede, "Frank Discussion: An Inside Look at the World of Melaleuca's CEO,", "This Billionaire Pulled Himself Out Of Poverty By Living In A Laundromat And Teaching Dutch", "Frank VanderSloot / Melaleuca CEO: Dark days proved worthwhile. We dont know of any other operation that offers anything close. If we feel there is an issue with a bull we wont sell it. They know they can make a lot more money with the right kind of genetics and are willing to pay a premium for these kind of cattle, Frank explains. Since the company began in September 1985, VanderSloot has directed its growth into an international company that generates . ", "SUPREMA SPECIALTIES INC, Form 10-Q, Quarterly Report, Filing Date Feb 13, 2001", "New Jerseys Suprema Specialties Buys Idahos Snake River Cheese", "Cheese changing hands Sartori Foods completes deal to purchase Blackfoot firm", "VanderSloot-owned company merges with DePatco", "Crack sealing is under way on Idaho 33 east of Newdale", "Forbes names VanderSloot one of the richest 400 people in America", "GOVERNOR MITT ROMNEY ANNOUNCES NATIONAL FINANCE CHAIRS AND CO-CHAIRS", "Governor Mitt Romney Announces National Finance Chairs And Co-Chairs", "Money is on the unofficial agenda at the Republican National Convention", "Behind the curtain: A brief history of Romney's donors", Todd Dvorak, "VanderSloot Subject of IRS, Labor Dept. Frank VanderSloot shows off a stack of medical bills while addressing state legislators about a proposed bill to reform medical debt collections at Melaleuca headquarters in Idaho Falls in October . [1] In 2017, Forbes listed VanderSloot as the richest person in Idaho and the 302nd wealthiest American with a net worth of $2.7 billion. Under VanderSloot, Melaleuca, according to thier website, generates over billion dollars in revenue a year. "[196] The case settled in October 2015 after Zuckerman admitted in a sworn affidavit that statements he made about VanderSloot were untrue. Billionaire Idaho businessman Frank VanderSloot, founder and CEO of wellness products company Melaleuca Inc., has big plans for Hawaii including developing an affordable housing project with up to . Riverbend has purchased thousands of customer calves for our stocker and feeder programs. Kua Aina Sandwich Shop sues billionaire rancher, claiming trademark infringement, The two companies are beef-ing over the use of the name Kua Aina., Former Mililani High athletic director indicted, Hawaii police departments offer big incentives as competition for new recruits heats up, 'The Other Side of Paradise' with Lynn Kawano, KHNLPUBLICFILE@HAWAIINEWSNOW.COM (808) 847-3246, KGMBPUBLICFILE@HAWAIINEWSNOW.COM (808) 847-3246, KFVEPUBLICFILE@HAWAIINEWSNOW.COM (808) 847-3246, KSIXPUBLICFILE@HAWAIINEWSNOW.COM (808) 847-3246, KOGGPUBLICFILE@HAWAIINEWSNOW.COM (808) 847-3246. Melaleuca sells them direct from the factory to . The breeding program tries to fill customers needs with trait-specific lines so they can maximize their profits and minimize their inputs. [9] In 2017, VanderSloot was listed in the Forbes 400 as the 302nd wealthiest American with a net worth of $2.7 billion. Send comments on this article to roundup@wylr.net. It's not one of the famous castle homes in the Treasure Valley, but it's pretty darn close to being royalty! ", However he owns none in Idaho. Some, it seems, tell it better than others. Frank VanderSloot and his wife, Belinda, began putting Riverbend together in 1992, visiting Angus herds across the nation to find the best cows in the breed. [108], In July 2012, VanderSloot said he was the subject of two new federal audits, one by the Internal Revenue Service and the other by the U.S. Department of Labor. [61] In 1992, Melaleuca signed a consent decree with the states of Michigan and Idaho agreeing to "not engage in the marketing and promotion of an illegal pyramid. That means if your bull dies, breaks a leg, comes up lame, or loses his libido, we will replace him immediately or you can choose to get a full credit of his purchase price in our next years sale.