Procter and Gamble's Net Worth

How much is Procter and Gamble Worth?

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Procter and Gamble's Net Worth
Net Worth:
$82.55 Billion

What is Procter and Gamble's net worth?  Procter and Gamble's net worth is $82.55 million.  Procter and Gamble was founded in the late 1830s, and began as a business venture between British candlemaker, William Procter, and Irish soapmaker, James Gamble, who had married a pair of sisters in the United States.  By the late 1850s, they were doing $1 million in business each year.  The company's early profits further benefited from the Civil War, as they were contracted to supply soap and candles for the Union Army.  After the war ended, many soldiers continued to use their products.  However, it was the development of their most famous product, Ivory Soap, which cemented the company's continued success.  Marketed as "the soap that floats", Ivory became a massively successful product, and Procter and Gamble began a profit-sharing program with its workers, which ensured workforce loyalty.  In the early 1900s, they began diversifying, starting with the cooking product, Crisco, and then jumping on the radio programming bandwagon.  The term, "soap opera", is based on the number of radio dramas Procter and Gamble underwrote during the 1920s and 30s.  They further expanded their holdings throughout the 40s and 50s, adding such products as Tide, Prell, Charmin, Pampers, and the first fluoride toothpaste, Crest.  Since then, the company has continued to expand worldwide, and now manufactures 31 brands that earn more than $1 billion each other, along with a wide range of lesser-selling items.  Though the company has consistently appeared on the list of "The World's Most Admired Companies", it has also had to recall products such as its Rely Tampons, which were found to cause abnormal rates of TSS, and was recently charged with price fixing in Europe, resulting in a $211.2 million Euro fine.  Procter and Gamble currently employs 129,000 people around the world.

Articles Written by Paula Wilson
Paula Wilson is a writer, director, production manager, and former professional dancer, originally from North America, who has worked as a performer or director in ten countries and sixteen states. When not writing for CNW, she serves as the Artistic Director of The International Partner Dance Intensive (www.tipdi.com). Follow her on Google+.
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Procter and Gamble

Procter and Gamble

Procter & Gamble Co., also known as P&G, is an American multinational consumer goods company headquartered in downtown Cincinnati, Ohio, United States. Its products include pet foods, cleaning agents, and personal care products. Prior to the sale of Pringles to the Kellogg C...
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  • Procter & Gamble Company
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