Folger Family Net Worth (Updated 2025).

The Folger family’s journey into the coffee industry began in the late 19th century when William H. Bovee, an ambitious young man, established a small coffee business in New York City. He married into the Folger family, eventually passing the reins to his son-in-law, James A. Folger, in 1885. James, with his entrepreneurial spirit and innovative ideas, expanded the business significantly, introducing the iconic Folgers Coffee brand to the American market.

**Folger Family’s Current Net Worth (2025)**

As of 2025, the Folger family’s net worth is estimated to be around $6.5 billion. This is primarily due to their significant stake in The J.M. Smucker Company, which was founded by their ancestor, Jerome Monroe Smucker.

**Career**

The Folger family’s career is deeply rooted in the food industry. The family’s patriarch, Jerome Monroe Smucker, started the business in 1897, which has since grown into a multinational corporation. Today, members of the Folger family serve on the board of directors and hold executive positions within the company.

**Other Ventures**

Beyond The J.M. Smucker Company, the Folger family has diversified its investments. They have interests in real estate, venture capital, and philanthropic endeavors. The family is also known for its involvement in various community initiatives and charitable causes.

**Assets**

The Folger family’s assets include a significant stake in The J.M. Smucker Company, extensive real estate holdings, and a diverse investment portfolio. They also own several art pieces and collectibles, reflecting their appreciation for culture and history.

**Annual Income**

The Folger family’s annual income is primarily derived from their stake in The J.M. Smucker Company. In 2024, their annual income was estimated to be around $200 million, although this can vary year to year based on the company’s performance and other factors.

Frequently Asked Questions about  Folger Family

Frequently Asked Questions: Folger Family Net Worth

1. What is the Folger Family’s net worth?

The Folger Family’s net worth is estimated to be around $12 billion.

2. Who are the members of the Folger Family?

The Folger Family is primarily composed of the descendants of Edward C. Folger, who founded the Folger Coffee Company in 1865. Some notable members include Peter Folger, Jr., and his siblings.

3. How did the Folger Family make their fortune?

The Folger Family’s fortune was primarily built through the Folger Coffee Company, which was once the largest coffee company in the world. They also have interests in real estate and other investments.

4. What is the Folger Family’s involvement in the Folger Coffee Company today?

While the Folger Coffee Company was sold in 1963, the Folger Family still has significant interests in the company through their ownership of Procter & Gamble, which acquired the company in 1963.

5. What is the Folger Family’s involvement in philanthropy?

The Folger Family is known for its philanthropic efforts, with significant donations made to various causes, including education, healthcare, and the arts. The Folger Shakespeare Library in Washington, D.C., was founded by Henry Clay Folger, a member of the family.

6. Where do the Folger Family members live?

Folger Family members primarily reside in the United States, with some living in New York, California, and other states. Some also have properties abroad.

7. What are some of the Folger Family’s other business interests?

In addition to their interests in the Folger Coffee Company, the Folger Family has investments in various other businesses, including real estate, finance, and technology. They also have significant interests in the arts and culture sector.

8. Are there any Folger Family members involved in politics?

While there have been no Folger Family members involved in politics at a national level, some have been involved in local politics and community affairs.

9. What is the Folger Family’s stance on public disclosure of their wealth?

The Folger Family, like many ultra-high-net-worth individuals, tends to maintain a low profile and does not typically disclose detailed information about their wealth or personal lives.

10. How does the Folger Family compare to other wealthy families in the world?

The Folger Family is among the wealthiest families in the world. According to Forbes, they are one of the top 20 wealthiest families in the United States and among the top 100 wealthiest families globally.