In this piece, we will look at the age, relationship status, family, and net worth of Jenny Craig, a well-known businesswoman. Continue reading to the end for more information.
Who is Jenny Craig?
Jenny Craig is a weight loss guru and the creator of Jenny Craig, Inc. in the United States. Craig grew up in New Orleans after being born in Berwick, Louisiana, and married Sidney Craig in 1979. She and her husband developed a nutrition, fitness, and weight loss program in Australia in 1983 and began delivering it in the United States in 1985. In 2006, the company was acquired by Nestlé Nutrition.
|Birth||August 7, 1932|
|Net Worth||$300 million|
|Relationship With||Sidney Craig|
What is Jenny Craig’s Net Worth?
Jenny Craig is a $300 million-dollar-worth American businesswoman and entrepreneur. Jenny Craig is a weight loss expert who created Jenny Craig, Inc. with her husband Sidney. In 1979, she married Sidney Harvey Craig.
The couple developed their fitness, nutrition, and weight loss program in Australia before bringing it to the United States in 1985. Now, the corporation employs over 3,000 people and operates over 700 weight reduction centers throughout the world. Many celebrities have praised the technique, including Monica Lewinsky, Kirstie Alley, Valerie Bertinelli, Queen Latifah, Jason Alexander, and Mariah Carey.
Acquisition and IPO of Jenny Craig’s Business
In 1991, Jenny and Sidney Craig raised over $74 million by going public with their business. The business was making $350-400 million in revenue annually in the middle of the 1990s. A private equity corporation purchased the business in 2002. Nestle purchased the business in 2006 for $600 million.
Philanthropic Works Done by Jenny Craig
For Fresno State University’s School of Business and Administrative Services, eventually renamed the Sid Craig School of Business, Craig and her husband donated $10 million in 1992.
The pair gave the University of San Diego another $10 million in 1996, with $7 million going toward the construction of the Jenny Craig Pavilion, a recreation and sports facility that opened its doors in October 2000.
Real Estate Belongs to Jenny Craig
At $3.25 million, Jenny and Sidney purchased a beachfront property in Del Mar, California, in 1986. That is equivalent to almost $8 million today. In August 2019, Jenny sold the house for $22 million. This is a tour of Jenny Craig’s previous Del Mar residence in video form:
Just 15 minutes from their Del Mar home, Jenny and Sidney purchased a 228-acre thoroughbred horse ranch in Rancho Santa Fe, California, in 1995. Horses have competed in the Breeders’ Cup and the Kentucky Derby over the years. Jenny sold the ranch to Bill Gates in 2018, whose daughter Jennifer enjoys riding horses a lot.
Some Personal Things to Know About Jenny Craig’s Life
In 1979, Jenny was married to Sidney Craig. With the success of their business, the couple gave generously to charity. They gave Fresno State University $10 million in 1992 for its School of Business and Administrative Services.
Afterward, the Sid Craig School of Business was given to the institution. The pair gave the University of San Diego an extra $10 million in 1996, part of which was utilized to construct the Jenny Craig Pavilion, a recreation and sports facility.
Sidney and Jenny both have a passion for horses. They acquired a ranch and breeding facility for thoroughbred horses in Rancho Santa Fe, California, in 1995. One of their horses won the 1992 Epsom Derby in addition to placing seventh in the 1992 Kentucky Derby.
At Gulfstream Park, another of their horses took first place in the Breeders’ Cup Distaff. Their horse Candy Ride set a Del Mar track record in the one-and-a-quarter mile race in 2003 by winning six straight contests.
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