M yron Wentz is an American immunologist and entrepreneur who founded USANA Health Sciences, a multi-level marketing company that produces and sells nutritional supplements and personal care products. He holds a Ph.D. in microbiology and immunology and began his career by founding Gull Laboratories in 1974, which developed diagnostic tests for viral diseases, including the first commercially available test for the Epstein-Barr virus.
After selling Gull Laboratories, he founded USANA in 1992 with a focus on producing high-quality nutritional supplements. The company operates on a multi-level marketing (MLM) or network marketing model, where its products are sold by a network of independent distributors who also earn commissions by recruiting new distributors. The company went public in 1996 and has grown into a major international player in the direct selling industry, with operations in dozens of countries. Wentz's fortune is derived from his large stake in the company he founded. He holds dual citizenship with St. Kitts & Nevis, where he has pursued philanthropic interests.
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Dr. Myron W. Wentz, Ph.D., is an American microbiologist and businessman, the self-made billionaire Founder and former Chairman of USANA Health Sciences (NYSE: USNA), a major manufacturer of nutritional supplements and personal care products. His career is rooted in microbiology, science, and serial entrepreneurship.
Wentz holds a B.A. in Biology from North Central College, an M.S. in Microbiology from the University of North Dakota, and a Ph.D. in Microbiology from the University of Utah (1972). His philosophical approach centers on scientific integrity, direct sales, and nutritional science (believing in the power of supplements to promote long-term health).
Dr. Myron Wentz's strategic genius was his commitment to scientific product development. He founded Gull Laboratories in 1974, successfully developing diagnostic tests for infectious diseases (a major monetization event came with its sale). 1992: USANA. He founded USANA Health Sciences, pivoting his focus to nutritional supplements and employing a multi-level marketing (MLM) sales model to drive growth.
His structural contribution is tied to the successful industrialization of nutritional supplement manufacturing and his commitment to science-based product development. He stepped down as Chairman (remaining a major shareholder). His wealth is secured by the colossal, long-term, stable profitability of the global nutritional supplement and MLM sectors.
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Earns a Ph.D. in Microbiology from the University of Utah (Academic Achievement).
Founds Gull Laboratories (Founding 1).
Founds USANA Health Sciences (Founding 2).
Gull Laboratories is sold to Quest Diagnostics (Major Exit).
USANA executes its successful IPO on the NASDAQ (Financial Milestone).
Continues as Founder and major shareholder, guiding his private interests (Executive Oversight).
Myron Wentz's wealth is concentrated in his founding equity and retained stake in the publicly traded consumer goods giant, USANA Health Sciences (NYSE: USNA), and his gains from Gull Laboratories.
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Dr. Myron Wentz's social impact is structural, stemming from USANA's role in providing nutritional supplements to millions globally. His Gull Laboratories provided essential diagnostic tests for infectious diseases. His Wentz Medical Center in Uganda provides a major structural contribution to healthcare and poverty alleviation in Africa. His personal philanthropy supports various medical research and educational initiatives.
His structural contribution is tied to the successful industrialization and scale of the nutritional supplement manufacturing sector.
Dr. Myron Wentz maintains the professional, composed style of a science-executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the specialized biotechnology sector.
Residing in Salt Lake City, Utah, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to nutritional science, technological innovation, and philanthropy.
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+0.1% | +$4.11M
+0.73% | +$51.58M
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