Who Is American Businessman Rex Maughan? Cause Of Death And Net Worth Revealed

American businessman Rex Maughan died at the age 84, possibly due to a natural cause. His net worth was over a million dollars. Let’s find out more.

Rex Maughan was a renowned American businessman. He was the founder, president, and chief executive officer (CEO) of Forever Living Products.

Forever Living Products is a multi-level marketing company that trades aloe vera and bee hive-based cosmetics and other personal products. Before that, Rex was involved in various kinds of businesses.

In the early 1960s, Rex was working as an accountant and began investing in land. After that, Maughanjoined the Del E. Webb Construction Company, where he spent thirteen years.

Also, he served as the vice president of the Del E. Webb Construction Company. Moreover, Rex founded Forever Living Products in 1978, and the company began making lotions from the aloe vera plant.

Rex Maughan Death Cause- How Did He Die?

Rex Maughan died on July 17, 2021, aged 84.

The news of his demise was announced from the official Twitter account of his company.

However, the actual cause of his death was not revealed. We can assume that Rex died of natural causes.

Moreover, Rex’s death has shattered many people and has paid tribute through social media platforms.

Many people wanted to attend the funeral ceremony of Maughan, but due to the COVID restrictions, they could not participate.

Apart from that, we are still collecting more results and will update you soon with the precise news of his death.

How Much Was Rex Maughan Net Worth in 2021?

Rex Maughan’s net worth in 2021 was estimated at over $1.5 million.

Maughan was one of the most successful businessmen and has earned a massive fortune from his company.

Besides, Rex was listed in the Forbes 400 as the 368th-richest man globally, with a net worth of $600 million in 2002.

After getting success from Forever Living Products, he expanded it into the resort business in 1981 under the umbrella of a sister company, Forever Resorts.

Furthermore, Rex was serving as the Founder and CEO of Forever Living Products.

From his various works, it is sure that Rex has gathered colossal money.

How Old Was Rex Maughan?

Rex Maughan was 84 years old at the time of his death.

Further, he was born in Logan, Utah, on November 20, 1936, as Rex G. Maughan.

Rex grew up on a ranch in Soda Springs, Idaho. Besides, Maughan was also a member of The Church of Jesus Christ of Latter-day Saints and served an LDS mission in Samoa.

Rex Maughan Wife Ruth And Children

Moving onwards, Rex Maughan was survived by his wife, Ruth.

Together Rex and Ruth had three children. And Rex had 12 grandchildren.

Meanwhile, Rex and Ruth got married when they were studying at Brigham Young University (BYU).