Today he’s the chairman and founder of USANA Health Sciences, a multilevel marketing manufacturer of supplements and health products that competes with the likes of Herbalife , Nu Skin Enterprises and privately held Amway . USANA stock surged 33% this past week after third-quarter earnings beat analyst expectations, with sales increasing 10.5% over the previous year to $191 million and net income improving 16.4% to $19.5 million.
Dr. Myron Wentz, who started the company in 1992 (he spun it off from Gull Laboratories less than a year later), owns 51% of its stock, and saw his shares jump in value by $185 million, increasing from $559 million to $744 million. He also owns vested stock options worth about $30 million.
Outside of his entrepreneurial efforts, Dr. Myron Wentz is also preoccupied with improving the health of people in developing nations. In 2005, he opened a medical center in Uganda that’s aimed at preventing diseases like HIV, malaria and intestinal viruses. Four years later he opened a similar medical center in Cambodia and another in Malawi in 2011.
Source : Forbes