James Howard "JR" Ridinger Net Worth

Overview

James Howard “JR” Ridinger was an American entrepreneur and the founder, Chairman, and CEO of Market America Worldwide and SHOP.COM. Born on March 17, 1959, in New York City, he built a multi-billion dollar company from a 900 sq. ft. house. Market America, founded in 1992 with his wife Loren, operates in several countries and has generated billions in retail sales. Ridinger’s vision was to empower entrepreneurs and revolutionize the retail industry through one-to-one marketing and product brokerage. He was also known for his friendships with celebrities and his passion for luxury yachts and car racing. JR Ridinger passed away on August 30, 2022, leaving behind a legacy of innovation and entrepreneurial spirit.

Market America

Founder

What Is James Howard “JR” Ridinger Net Worth’ Net Worth?

At the time of his death in August 2022, James Howard “JR” Ridinger, the American businessman and co-founder of Market America/SHOP.com, had a net worth estimated at $300 million. This substantial wealth was accumulated through his successful entrepreneurial ventures in the internet marketing and product brokerage industry.

The Foundation of a $300 Million Fortune: Market America/SHOP.com

JR Ridinger, along with his wife Loren, established Market America/SHOP.com in 1992. This company became a significant player in the internet marketing and product brokerage arena. Headquartered in Greensboro, North Carolina, the company employed around 500 individuals and served over 3 million customers. By 2013, Market America had secured the 27th position on DSN’s Global 100 List, reflecting its robust performance and global reach. The company’s offerings spanned a diverse range of products, including health, home & garden, pet care, auto care, personal care, cosmetics, jewelry, and water filter systems. Market America’s success is further highlighted by generating over $9 billion in accumulated retail sales. In 2010, Market America acquired SHOP.com from Bill Gates, enhancing its capabilities as a comparison shopping engine provider.

Real Estate and Yacht Holdings

JR Ridinger’s $300 million net worth was reflected in his investments in high-value real estate and luxury assets. In June 2020, JR and Loren Ridinger listed their New York City condo for nearly $20 million, eventually reducing the price to $19.5 million. This 7,600 square-foot unit came with a monthly HOA fee of $19,000. Prior to this, in 2016, they acquired a mansion in Greenwich, Connecticut, for $6 million, which they later sold in April 2019 for $6.85 million, realizing a profit of $850,000. At the time of his death, JR and Loren’s primary residence was another Greenwich mansion, purchased in 2018 for $17.5 million. This property spanned 5.34 acres and was initially listed for $25 million. Additionally, they owned a waterfront mansion in Miami, estimated to be worth $20 million.

Beyond real estate, the Ridingers owned a $50 million yacht named Utopia IV. However, it’s important to note that JR Ridinger was not aboard this yacht at the time of his death. Utopia IV was undergoing repairs following an incident in December 2021 where it collided with an oil tanker.