Get to Know Idaho Billionaires: Frank Vandersloot

By Clyde

One of the richest Idahoans, Frank VanderSloot, currently has a net worth of 3.2 billion dollars.

Based on the 2026 adopted budget, his entire net worth would fund Boise libraries and Valley Regional Transit for 57 years.

From 2023 to 2024, his net worth increased from 3.1 billion to 3.3 billion. 

That’s 16.6 million dollars a month. 

The median take home pay of someone who lives and works in Idaho is $3,720 a month. That’s 0.0000224% of 16.6 million dollars.

In 1985 Frank VanderSloot founded Melaleuca, Inc. an MLM. MLM’s prey on financially desperate people, often making them lose money just by participating.

Melaleuca has been investigated for various marketing violations, promotion of an illegal pyramid scheme, as well as false and misleading claims about its supplements. 

Melaleuca generates over 2 billion dollars in revenue. The average wage for a Melaleuca worker is $19.55.

Melaleuca has factories in Idaho Falls, ID and Knoxville, TN. In Idaho Falls, a Melaleuca worker will need to work 57 hours to afford a one bedroom apartment.   

In Idaho, monthly expenses are an average of $1,580. That’s about 42% of their take home pay.

42% of 16.6 million ($6.9 million) could buy roughly 30 rental units every month and turn them into low income/rent capped housing. 

The housing crisis is brought on by capitalist greed and wealth hoarding…

The richest people in Idaho have enough money to solve the housing crisis with just a fraction of the wealth, and still be wealthier than the average Idahoan.

They choose not to help.