When it comes to successful and influential businesses, it’s not uncommon to find some of them being owned and operated by members of the Church of Jesus Christ of Latter-day Saints, more commonly known as Mormons. The Mormon-owned companies list is a testament to the entrepreneurial spirit and business acumen of individuals within this faith community. In this article, we’ll discover the top 10 Mormon-owned companies that are making waves in the business world.
Table of Contents
1. Nu Skin Enterprises
Nu Skin Enterprises, founded by Blake Roney, Steve Lund, and Sandie Tillotson, is a multinational direct selling and personal care company that has been in operation for over 35 years. The company offers a range of products including skincare, nutrition, and wellness, and has a presence in over 50 markets worldwide. Nu Skin has consistently been recognized for its innovation and commitment to ethical business practices.
2. Qualtrics
Qualtrics, a leader in experience management, was co-founded by Ryan Smith, Jared Smith, and Scott Smith. The company provides a platform for organizations to collect, analyze, and act on data to improve customer, employee, brand, and product experiences. In 2018, Qualtrics was acquired by SAP for $8 billion, making it one of the largest tech acquisitions in history.
3. Deseret Management Corporation
Deseret Management Corporation is the for-profit arm of The Church of Jesus Christ of Latter-day Saints and oversees a diverse portfolio of businesses, including Deseret News, KSL TV and Radio, Beneficial Financial Group, and Bonneville International. The corporation has a strong presence in media, publishing, and broadcasting, and is dedicated to promoting values-based content and services.
4. 1-800 Contacts
1-800 Contacts, founded by Jonathan Coon, is the largest contact lens retailer in the United States, offering a convenient way for customers to purchase their contact lenses online or over the phone. The company has revolutionized the way people buy contact lenses and has consistently been ranked as one of the best places to work in the state of Utah.
5. FranklinCovey
FranklinCovey, a global consulting and training company, was co-founded by Stephen R. Covey, author of the highly acclaimed book “The 7 Habits of Highly Effective People.” The company provides organizations and individuals with the tools and expertise to achieve their goals and improve productivity, effectiveness, and leadership skills.
6. Vivint Smart Home
Vivint Smart Home, founded by Todd Pedersen, is a leading smart home technology provider offering home security, energy management, and automation solutions. The company’s innovative products and services have earned it a reputation as a trailblazer in the smart home industry, and it continues to drive innovation and growth in the market.
7. doTERRA
doTERRA, founded by David Stirling, is a prominent direct selling company specializing in essential oils and wellness products. The company has gained a loyal following for its high-quality, ethically sourced essential oils, and has a strong commitment to empowering individuals and communities through education and sustainable business practices.
8. BYU Broadcasting
BYU Broadcasting, owned and operated by Brigham Young University, is a major media network that includes BYUtv, BYUradio, and Classical 89. The network offers a wide range of uplifting and educational programming, including original series, documentaries, sports, and music, and has a global audience of millions of viewers and listeners.
9. Ancestry.com
Ancestry.com, founded by Paul B. Allen and Dan Taggart, is a leading genealogy and family history website that provides individuals with tools to discover and preserve their family heritage. The company’s vast collection of records and resources has made it the go-to destination for people interested in exploring their roots and connecting with their ancestors.
10. The Larry H. Miller Group of Companies
The Larry H. Miller Group of Companies, founded by Larry H. Miller, is a diversified business conglomerate with interests in automotive, sports and entertainment, finance, and real estate. The company’s portfolio includes the Utah Jazz NBA team, Megaplex Theatres, and a network of automotive dealerships, making it a significant player in various industries.
Conclusion
The Mormon-owned companies listed above represent a diverse range of industries and have made significant contributions to the business world. These companies have not only achieved financial success but have also demonstrated a strong commitment to ethics, innovation, and community impact. The Mormon entrepreneurial spirit continues to thrive, and these businesses serve as inspiring examples of what can be achieved through hard work, dedication, and a values-driven approach to business.
FAQs
What is the Mormon-owned companies list?
The Mormon-owned companies list refers to businesses that are owned and operated by members of the Church of Jesus Christ of Latter-day Saints. These companies often reflect the values and principles of the Mormon faith, including integrity, hard work, and service to others.
How have Mormon-owned companies made an impact in the business world?
Mormon-owned companies have made an impact in the business world through their innovation, ethical business practices, and commitment to making a positive difference in their communities. These companies have achieved success while upholding their values and contributing to the growth and development of various industries.
What sets Mormon-owned companies apart from other businesses?
Mormon-owned companies are often distinguished by their emphasis on integrity, service, and community involvement. These businesses prioritize ethical conduct and making a meaningful impact beyond their bottom line, setting them apart from other companies in the business world.
mormon owned companies list
1. The Mormon community has a strong presence in the business world, with many successful companies being owned and operated by members of the Church of Jesus Christ of Latter-day Saints. These companies are making waves in various industries, from technology to retail to finance, and are known for their ethical business practices and commitment to community involvement.
2. One of the top Mormon-owned companies making waves in the business world is Nu Skin Enterprises, a leading global direct selling company that offers a wide range of premium-quality, innovative products. Founded in 1984 by LDS Church member Blake Roney, Nu Skin has expanded to over 50 markets worldwide and has become a household name in the beauty and wellness industry.
3. Another notable Mormon-owned company is 1-800 Contacts, the largest retailer of contact lenses in the United States. The company was founded in 1995 by Jonathan Coon and John Nichols, both members of the LDS Church, and has since revolutionized the way people purchase contact lenses, providing a convenient and affordable online platform for customers.
4. In the tech industry, Ancestry.com, founded by Paul Allen and Dan Taggart in 1983, has become a global leader in family history and consumer genomics. The company has helped millions of people discover their family heritage and has made significant contributions to the field of genetic genealogy.
5. In the financial services sector, American Express is one of the top Mormon-owned companies, with current CEO Stephen Squeri being a member of the LDS Church. American Express is a globally recognized brand known for its credit card, charge card, and traveler’s cheque businesses, and has a strong presence in the finance and payment processing industry.
6. A retail giant in the outdoor industry, Black Diamond Equipment, founded by Yvon Chouinard and Peter Metcalf, is known for its high-quality outdoor gear and apparel. The company has a strong commitment to environmental sustainability and social responsibility, making it a leader in its field and a positive force in the outdoor community.
7. Overstock.com, an online retailer founded by Patrick M. Byrne in 1999, is another Mormon-owned company that has made waves in the business world. The company offers a wide range of products, including furniture, home decor, and electronics, and has become a major player in the e-commerce industry, known for its competitive pricing and customer-focused business model. These companies, among others, are testament to the strong work ethic, entrepreneurial spirit, and ethical values of the Mormon community in the business world. mormon owned companies list