Mark R. Hughes
Mark Reynolds Hughes (January 1, 1956 — May 21, 2000) was an American businessman who was founder, chairman and CEO of Herbalife International Ltd.
Biography
In February 1980, aged 24, Hughes founded Los Angeles-based Herbalife International. It has since become one of the world's largest distributors of herbal products through multi-level marketing, with sales of about $3.1 billion in 2006 according to company statements.
In 1994. Mark and Suzan Hughes started the Herbalife Family Foundation, a charity dedicated to helping children. The Herbalife Family Foundation and its sister organization, the International Herbalife Family Foundation, have donated more than $5 million to children's causes worldwide
Hughes often stated that his mother died of an accidental overdose of prescription diet pills when he was 18, which he claimed was the impetus for founding Herbalife.
Mark Hughes died at age 44.[1] The Los Angeles County Coroner autopsy results ruled that the entrepreneur had died of an accidental overdose of large quantities of alcohol and the prescription anti-depressant Doxepin. He died while married to Darcy LaPier to whom he was married for a very short time.[2]
Before his marriage to Lapier, Hughes was married to Suzan Hughes for 10 years. Suzan is the mother to their only son, Alexander.
To the surprise of many, after Mark Hughes death, his attorney Conrad Klein assumed control of all Hughes' ventures including Herbalife, The Herbalife Family Foundation and The Mark Hughes Trust.
In 2006, The Los Angeles Superior Court suggested the potential removal of the Custodian of The Mark Hughes Trust, Jack Reynolds, for the possibility that he may have ceded control of $40,000,000 to Conrad Klein.[3] Although the referenced article by journalist Matthew Heller suggests that the Judge "Fired" the Custodian, the judge in fact did not "Fire" the Custodian. In Heller's own article he references that it was the court's "Intention" that the Custodian be suspended. Intention, however, is not predetermination, therefore simply having an intention, whether a good intention or a bad intention is immaterial to an action that is based on another's intention. With that said, even though the court may have intended on suspension, records do not seem to indicate that a formal suspension order was filed. Therefore, the intentions of the court were purely theoretical.
References
- ^ Copage EV. Mark R. Hughes, 44; Founded Nutrition Supplement Concern New York Times, 23 May 2000. Section B, Page 11, Column 5.
- ^ Heller M. Death and Denial at Herbalife; The Untold Story of Mark Hughes' public image, Secret Vice and Tragic Destiny "Los Angeles Times". 18 February 2001
- ^ Judge Fires Custodian of Herbalife Heir's $40 Million.