Orville Redenbacher Net Worth At Death
Orville Redenbacher had an estimated net worth of $1 million at death. Popular popcorn salesman, Orville Redenbacher got his start selling kernels from the back of his car. He’s now recognized as the face of Orville Redenbacher Popcorn. He earned the majority of his income from the business.
Orville Redenbacher was born on July 16, 1907, in Brazil, Indiana, and attended Purdue University to study agronomy. He ran a profitable fertilizer company after graduation and spent his spare time perfecting the perfect popcorn. He sold the kernels from the back of his car and went on to sell what is now known as Orville Redenbacher Popcorn on television. He died in Coronado, California, on September 19, 1995.
To calculate the net worth of Orville Redenbacher, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as loans and personal debt, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$1 million|
|Monthly Salary:||$10 Thousand+|
|Annual Income:||$100 Thousand+|
|Source of Wealth:||Entrepreneur|
Early Life & Studies
Orville Redenbacher, an entrepreneur, was born on July 16, 1907, in Brazil, Indiana, and grew up on a small corn farm. He was a member of the local 4-H chapter as a child. Redenbacher attended Purdue University, where he joined the Alpha Gamma Rho fraternity and studied agronomy after graduating in the top 5% of his high school class.
Redenbacher worked at Princeton Farms in Princeton, Indiana and as a Vigo County Farm Bureau Extension agent in Terre Haute, Indiana. He also ran a very successful fertilizer company and amassed considerable wealth. Redenbacher had had a single obsession since childhood: making the perfect popping corn. As an adult, he devoted all of his spare time to the development of a new strain of popping corn. He eventually decided on a type and formed a partnership with Charlie Bowman.
An advertising agency persuaded the two to change the name of their new hybrid corn, RedBow. Orville Redenbacher Popcorn was the end result. Redenbacher initially sold the kernels from the back of his car. However, around 1972, Redenbacher began appearing in television commercials as himself, promoting his new popcorn. He even appeared on the TV show To Tell the Truth, where he stumped panelists like Kitty Carlisle Hart, Peggy Cass, and Joe Garagiola.
Initially purchased by Hunt-Wesson Foods in 1976, Orville Redenbacher’s popcorn eventually settled under the umbrella of conglomerate ConAgra. Redenbacher continued to appear in commercials, sometimes alongside his grandson, Gary. Redenbacher became a well-known pitchman thanks to his white hair, bow tie, and glasses. Customers were perplexed as to whether he was an actor or not, so Redenbacher appeared on television talk shows to clear the air.
Orville Redenbacher died on September 19, 1995, in Coronado, California. He drowned after having a heart attack in his Jacuzzi. His ashes were scattered at sea after he was cremated.
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