Do you want to know what makes JR Ridinger famous? Here’s JR Ridinger net worth, life, and everything you wanted to know.
JR Ridinger is a famous business tycoon who founded Market America in 1992. He is also the creator of the UnFranchise Business System, which currently benefits over 200,000 entrepreneurs. Also, the said model turned at least 300 business owners into millionaires.
With his success in the business world, JR Ridinger net worth is quoted at $300 million for the current year. He is amongst the biggest names in the retail industry. He is also the founder and CEO of the online shopping marketplace and the trusted price comparison website, Shop.com.
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JR Ridinger – Short Bio
JR Ridinger is one-half of the power couple founded Market America in 1992. The business tycoon was born James Howard Ridinger, on March 17, 1959, in Greensboro, North Carolina.
He was formerly a distributor for the North American sector of Amway’s global MLM company.
He and his wife, Loren Ridinger, co-founded their own multi-level marketing company, Market America, in 1992. Despite the controversies surrounding this particular marketing strategy, Market America became a major mover in the retail industry through affiliation.
JR Ridinger’s Career
Ridinger’s Market America
To say that Market America has a wide reach in the consumer market is an understatement. Their affiliations and product categories include health and nutrition, weight management, pet and garden care, cosmetics and jewelry, automotive care and necessities, and more.
It took the company a few years to gain its footing but with Ridinger’s experience as a distributor for Amway, Market America steadily grew in considerable strength in a relatively short time.
By 2001, JR Ridinger became the major shareholder of Market America. After buying out the outstanding shares of the company, Ridinger moved Market America into the private sector.
In 2010, Ridinger joined the growing number of general marketplaces on the internet after purchasing the price comparison website called Shop.com, under Market America. Shop.com hosts over 1500 vendors from various products, and they also boast their easy-checkout system.
In 2021, Market America announced its partnership with Verb Technology, Inc. The company is said to be the top sales enablement platform in the country. In general, Verb Technology, Inc focuses on attracting more consumers by equipping vendors with tools for e-commerce.
As you probably guessed, these enablement applications include the popular video-based e-commerce tool we all know as interacting live streaming. A tactic mode in Facebook groups.
Ridinger probably understood that by dipping his toes in the e-commerce industry, he is now competing with mega companies from retail-competitive countries like China. But knowing that the world targets US consumers, Ridinger shook hands with another company called Sezzle.
Founded only in 2016, Sezzle runs an e-commerce platform that allows consumers to purchase items on credit. But the absolute icing on the cake is the zero-interest promise, so long as consumers are able to pay their dues on time within six full weeks.
JR Ridinger’s UnFranchise Business System
Many of you probably cringed at the mention of Multi Level Marketing or “pyramiding.” And in all honesty, who wouldn’t? There are countless Ponzi and pyramiding horror stories scattered all over the globe, but it all boils down to a single conclusion that the system is only beneficial for the ones at the top.
But with JR Ridinger net worth of $300 million, it seems that all his businesses are thriving, yet his system is defined as something that could possibly be illegal? Let’s set aside the stereotypical thoughts and think, why is Market America a legitimate business?
First of all, Ridinger states that the UnFranchise System is an accurate description of “the ideal business.” The company entices prospective trainees with zero royalty and franchise fees.
After that first line, Ridinger fills the groundwork with legalities, all the dos and the don’ts, how UnFranchise strictly follows business etiquette, and everything in between. The company promises a stress-free trial period, complete training, and a dedicated support system.
Of course, this is a coarsely generalized description used to promote and recruit small-time investors.
For over twenty-five years, UnFranchise has been in the business of teaching success to small-time business owners. And to boast their accomplishments, out of the over 200,000 entrepreneurs under their guidance, at least 300 have become millionaires in their own right.
For those who couldn’t be bothered to read through fine lines or do the leg work for acceptably sound research, it’s best to stay away and don’t even try to take a second look at the invitation.
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JR Ridinger Net Worth- Frequently Asked Questions
How Much is JR Ridinger Net Worth?
JR Ridinger net worth is estimated at $300 million as of the current year. He is the Founder and CEO of Market America, Shop.com, and the creator of the UnFranchise Business System.
How did JR Ridinger Make His Money?
JR Ridinger net worth comes from his massive operations in the retail industry. Market America has been bridging brands and consumers for over twenty-five years. He also extended to the global market through e-commerce with Shop.com.
Who Founded Market America?
Market America was co-founded by JR and Loren Ridinger. While Loren’s involvement is more in the background, her contributions are no less important than JR’s.
JR Ridinger Net Worth – Final Thoughts
What does it take to establish a thriving business? We can avail of the best education and its overwhelming list of success stories. Still, in all honesty, if the person is unwilling to invest not only money but also blood, sweat, and tears, it will be nothing but a pointless effort.
In JR Ridinger and Market America’s case, they faced an accusation of violating the Racketeering Influenced and Corrupt Organizations Act and California State Law. The case was later consolidated with another lawsuit. The outcome did not favor the 28-year business veteran.
The final decision forced Market America to take down over 750 marketing claims after discovering that the company published at least 450 deceptive income claims on its website.
Fraud exists everywhere to a varying degree. Some may be too insignificant, while others are life disruptive. But in the almost thirty years that Ridinger and his company had been in operation, there are hundreds of entrepreneurs who succeeded by following his platform.
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