Roxanne Quimby Net Worth: How Rich Is The Burt's Bees Co-Founder?

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Roxanne Quimby is best known as the co-founder of Burt's Bees, a personal care products company renowned for its beeswax-based products. Her entrepreneurial journey and subsequent conservation efforts have garnered significant attention. This article explores Roxanne Quimby's net worth, how she accumulated her wealth, and her philanthropic activities.

Who is Roxanne Quimby?

Roxanne Quimby, born in 1950, is an American businesswoman, conservationist, and philanthropist. She co-founded Burt's Bees with Burt Shavitz in the early 1980s. Starting from selling honey, the company grew into a major brand in the natural personal care industry. In 2007, she sold Burt's Bees to Clorox for nearly $1 billion, significantly contributing to her net worth.

How Roxanne Quimby Accumulated Her Net Worth

Roxanne Quimby's wealth primarily comes from her stake in Burt's Bees. Here’s a detailed breakdown:

  • Burt's Bees: Co-founding and growing Burt's Bees from a small-scale operation to a nationally recognized brand was the primary source of her wealth.
  • Acquisition by Clorox: The sale of Burt's Bees to Clorox in 2007 for approximately $925 million resulted in a substantial financial gain for Quimby.
  • Investments: Strategic investments and financial management have likely played a role in maintaining and growing her wealth.

Roxanne Quimby's Net Worth

Estimates of Roxanne Quimby's net worth vary, but reliable sources suggest it is around $600 million. This figure reflects her successful business ventures and strategic financial decisions.

Philanthropic Activities

Beyond her business success, Roxanne Quimby is deeply involved in philanthropy, primarily focusing on environmental conservation. Notable contributions include:

  • Elliotsville Plantation, Inc.: She founded this organization, which donated land to create Maine's Katahdin Woods and Waters National Monument.
  • National Parks Support: Quimby has been a vocal advocate and financial supporter of national parks and conservation efforts.

Roxanne Quimby's Legacy

Roxanne Quimby's legacy extends beyond her financial success. Her commitment to environmental conservation and philanthropy has made a significant impact. Her story is an inspiring example of how business acumen can be combined with a passion for preserving natural resources.

Key Takeaways

  • Roxanne Quimby co-founded Burt's Bees, which was later sold to Clorox for nearly $1 billion.
  • Her net worth is estimated to be around $600 million.
  • She is actively involved in philanthropic efforts, particularly in environmental conservation.

Call to Action

Learn more about Roxanne Quimby's conservation efforts and how you can support national parks and environmental initiatives. Consider donating to organizations like Elliotsville Plantation, Inc. to contribute to preserving natural resources for future generations.