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[ai-bees]

Marjorie Merriweather Post: She was America’s Wealthiest Businesswoman from the 20th Century

She’s an American businesswoman, trailblazer, socialite, and philanthropist. This feisty female mogul was one of the most successful businesswomen of her time. Learn more about her impressive achievements below.

Early Life and Education

Marjorie Merriweather Post, the daughter and only child of C. W. Post and the former Ella Letitia Merriweather, was born in Springfield, Illinois.

Marjorie picked up business management skills from her father, including how to market and advertise their goods. Marjorie received a top-notch business education from her father.

Marjorie enjoyed helping her father sell Postum to stores when she was a young child. Postum became well-known thanks to C.W. Post’s successful and effective advertising campaigns.

By the time Marjorie was a teenager, the C.W. Post family was a rich and well-to-do family.

Post studied at the Mount Vernon Seminary and College, which is now the George Washington University.

Early Career and General Foods Corporation

After her father passed away in 1914 at the age of 27, she took over ownership of the 1895-founded Postum Cereal Company, which was expanding very fast.

As a result, she became the richest woman in the US, inheriting $20 million (which would be worth $526 million in 2020).

Marjorie had the option of selling the business and relying solely on her inheritance, but she chose to carry on her father’s legacy instead.

In addition to Bran Flakes and Chips Ahoy!, Grape-Nuts, Honeycomb, Oreo O’s, Pebbles, and Waffle Crisp are just a handful of the cereal brands owned by the company her father created.

She ran the business as director when her father passed away until 1958.

She grew the company with her second husband, E.F. Hutton, and started to acquire other American food brands, including Baker’s Chocolate, Maxwell House, Hellmann’s Mayonnaise, Jell-O, and many more.

The Postum Cereal Company changed its name to General Foods Corporation in 1929.

She discovered Clarence Birdseye's (an American inventor, entrepreneur, and naturalist) inventions near Gloucester, Massachusetts, while traveling on her boat, to Hussar.

By freezing food, Birdseye had created a brand-new method of food preservation.

Post purchased Birdseye's company because she realized the potential benefits of frozen food, which led to the success of her business eventually.

Read in detail about: Merriweather's Luxurious Lifestyle & Present-Day General Foods Corporation

Philanthropy

She funded and personally supervised a Salvation Army feeding center in New York beginning in 1929 and continuing during the Great Depression.

She gave $100,000 to the John F. Kennedy Center for the Performing Arts, which was then built as the National Cultural Center in Washington.

She gave the National Symphony $100,000 in 1955 for free performances, which paved the way for the Music for Young America Concerts, which she financed annually.

Death

The business mogul and philanthropist Marjorie Merriweather passed away peacefully in her sleep at her Hillwood Estate after a prolonged illness. She was 86 years old at that time.

The Key Takeaways

Nobody is an expert from birth, as demonstrated by Marjorie's story.

When she abruptly found herself in a position of power, she chose a growth mindset rather than running away from it.

Mrs. Post was also a woman who was well ahead of her time.

Her developing business acumen is demonstrated in this anecdote by the fact that she was able to identify a commercial opportunity before anyone else.

If you want to read more about successful Female Founders and Entrepreneurs, visit — the AI bees Founder Series for more!

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[superssvy]

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[mymarbellaochoa]

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[florasuoh]

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[mymarbellaochoa]

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[swetasamota]

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[logo-design-for-good-brands]

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