With a combined estimated net worth of $18.2 billion, the S.C. Johnson family is one of the richest American families. The family’s wealth was initially created by its namesake, who acquired a manufacturing company in 1886. The company was eventually taken over by his son Herbert Fisk Johnson. Since then, the family fortune has passed through a number of heirs and is currently being managed by the fifth generation of Johnson family members through a holding company called Johnson Family Enterprises. Herbert Fisk Johnson III is the current CEO and chairman of the company.
Below are three companies that are owned and controlled by the S.C. Johnson Family.
- With a combined estimated net worth of $18.2 billion, the S.C. Johnson family is one of the richest American families.
- The vast majority of the S.C. Johnson $18 billion fortune is invested in a family-controlled holding company called Johnson Family Enterprises.
- The holding company owns a handful of both private and public companies, including Johnson Financial Group, Johnson Outdoors and the original company, S.C. Johnson and Son.
S. C. Johnson & Son, Inc.
With operations worldwide and products sold in virtually every country around the world, S.C. Johnson & Son, Inc. could be considered the crown jewel of the Johnson Family. The company came into existence in 1886 when a furniture salesman by the name of Samuel Curtis Johnson purchased a small, Wisconsin-based flooring business that he worked for. Today, S.C. Johnson has grown into an internationally recognized manufacturer of cleaning supplies and other consumer chemicals. The company is behind various popular household names such as Baygon, Windex, Pledge and Ziploc.
Despite being founded more than 129 years ago, S.C. Johnson is still headquartered in Racine, Wisconsin. The company is currently in its fifth generation of family ownership and is led by Herbert Fisk Johnson III. As of 2019, Forbes estimated his personal net worth to be $4.3 billion.
Johnson Financial Group
The Johnson Financial Group is another privately-held company that is owned by the S.C. Johnson family. The subsidiary was founded in 1970 by Samuel Charles Johnson Jr., who led the S.C. Johnson group of companies during its fourth generation of family leadership. His daughter, Helen Johnson currently serves as the company’s chairman.
Over the past three decades, Johnson Financial Group has grown from a staff of three operating in a trailer to the second-largest, family-owned bank in Wisconsin. The company currently employs more than 1,000 people and provides a wide range of financial products and services to both individuals and businesses through its banking and insurance divisions.
Unlike the two above companies, Johnson Outdoors (JOUT) is not a wholly-owned subsidiary of Johnson Family Enterprises but rather a publicly-traded company that is listed on the Nasdaq. The company manufactures a wide range of outdoor recreational products including camping gear, fishing equipment, and watercraft. As of March 24, 2020, Johnson Outdoors has a market capitalization of $560 million and a 1.22% dividend yield.
Because it is a public company, Johnson Outdoors’ financial reports are made available to the public. In the first fiscal quarter of 2020, total net sales increased 23 percent year over year to $128.1 million, versus $104.4 million in the prior year fiscal quarter. Total operating profit was $6.8 million for the first fiscal quarter versus $6.0 million in the previous year’s first quarter.
The Bottom Line
The S.C. Johnson family is among the top twenty wealthiest families in America, and the vast majority of their $18 billion fortune is invested in a family-controlled holding company called Johnson Family Enterprises. The holding company owns a handful of both private and public companies. These include Johnson Financial Group, Johnson Outdoors and the original company, S.C. Johnson and Son.