Clayton Mathile
Brookville, Ohio
Bachelor of Arts/Science, Ohio Northern University
United States
7
pet food, Self Made
$2,200,000,000
1057
1
#1057 Billionaires 2019
#368 Forbes 400 2018
In 1970, after ditching his job as an accountant at the Campbell Soup Company, Clayton Mathile became employee number six at pet food maker Iams. Mathile bought the whole business in 1982, when it had $13 million in sales. The big payday came in 1999, when P&G acquired it for $2.3 billion. Video chat app ooVoo, in which he was a shareholder, shut down in November 2017.In 2008 he spent $130 million to start Aileron, a Dayton-based school that offers management training for small business owners.
Mathile was born on a farm in Ohio, starred on his high school basketball team and married a cheerleader from a rival school.When P&G bought Iams for $2.3 billion, Mathile gave his employees $100 million of his cut.
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