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Nethercutt-Richards family

From Wikipedia, the free encyclopedia
Nethercutt-Richards
Family
CountryUnited States
Place of originMidwestern U.S.

The Nethercutt-Richards family is a prominent American family in the fields of business and cars. The family originated from the Midwestern U.S. in the 19th century and made their fortune primarily from the cosmetics industry in the early 20th century.[1]

Notable members

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Business

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Merle Norman founded Merle Norman Cosmetics in 1931 during the Great Depression by opening her first studio in Santa Monica, California. The company expanded to a retail chain and encompassed dozens of studio outlets across the contiguous United States, most of which were owned by women. The company further expanded to thousands of outlets throughout North America, Europe, and Asia becoming a centi-million dollar operation.[2] In 1969, the company went public on the American Stock Exchange and sold 400,000 shares at $25. In 1974, the family bought back all the public stock and the company reverted to being privately held.[3]

They owned a chemistry laboratory in the 1970s and a luxury restaurant named Boison's near the Las Vegas Strip in the later 20th century.[4]

Cars

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The Nethercutt Collection in 2017, formerly the estate of J.B. Nethercutt known as San Sylmar

The family has over 250 prestigious vehicles housed mostly at the 10 story-tall Nethercutt Collection museum, which J.B. Nethercutt founded in 1971 and was the namesake. It has been regarded as one of the greatest and most valuable car collections in the world.[5] The car collection notably contains the two of the most valuable cars in the world; the Bugatti Dubos and the Duesenberg Twenty Grand.[5] Several cars from the collection have been used as the lead car carrying the Grand Marshal of the Rose Parade.[6]

J.B. Nethercutt holds the most Best of Show titles at the Pebble Beach Concours d'Elegance with 6 victories and the Nethercutt Collection team holds the most Concours d'Elegance awards worldwide.[7] Jack Nethercutt II raced professionally from 1957-1965, most notably in the World Sportscar Championship with Ferrari.[8]

Philanthropy

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The family has donated several million to charities, medical institutions, veterans, and churches.[9] In 1985 J.B. Nethercutt donated US$1 million to the town of Kenora, Canada for a new emergency medical department.[10] In 1986, the family donated several million which led to the construction of the six-story Merle Norman Pavilion complex at the UCLA Medical Center, Santa Monica. In 2007 the Nethercutt Emergency Center was opened at the same hospital, with J.B. posthumously as the namesake.[11] Helen Richards-Nethercutt has funded several autism charities, including the Exceptional Children's Foundation.[12] They have donated to the University of Southern California, including for the construction of Merle Norman Stadium and the foundation of the USC Trojans beach volleyball team.[13]

Historic estates

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References

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  1. ^ "Most Influential Family Owned Businesses 2019: Merle Norman Cosmetics". Los Angeles Business Journal. October 28, 2019. Retrieved September 1, 2020.
  2. ^ "Makeup Chain Seeks Wider Awareness". The New York Times. March 31, 1981. ISSN 0362-4331. Retrieved April 9, 2020.
  3. ^ "Going Private" (PDF). yale.edu. 1975. Retrieved April 26, 2023.
  4. ^ [email protected], Dennis YohnkaThe Daily Journal (July 4, 2009). "Former Buckingham resident, autistic son relish life out West". The Daily Journal. Retrieved September 2, 2020. {{cite web}}: |last= has generic name (help)CS1 maint: numeric names: authors list (link)
  5. ^ a b "Beauty on Wheels : Merle Norman Collection Contains Classic Cars and Unusual Musical Instruments". Los Angeles Times. January 17, 1992. Retrieved September 1, 2020.
  6. ^ "A Visual Tour of the Incredible Nethercutt Museum Collection". March 19, 2019.
  7. ^ "Classic Car Week: Return of a champion". Monterey Herald. August 13, 2015. Retrieved February 11, 2021.
  8. ^ "All Results of Jack Nethercutt". Racing Sport Cars.
  9. ^ "HISTORY'S MYSTERIES: Who was Merle Nethercutt and what happened to her?". Newsbug.info. November 7, 2018. Retrieved September 1, 2020.
  10. ^ "Kenora Health Case Sector Profile" (PDF). Kenora Health Care Sector Profile: 34. 1985.
  11. ^ "Addition to Hospital Will Be Dedicated". Los Angeles Times. September 14, 1986. Retrieved July 22, 2020.
  12. ^ Yohnka, Dennis (July 4, 2009). "Helen Nethercutt fights for autistic son". The Daily Journal. Retrieved September 1, 2020.
  13. ^ "Helen Nethercutt by USC Women of Troy". Exposure. Retrieved September 1, 2020.
  14. ^ Beale, Lauren (November 11, 2015). "Home built for cosmetics magnate Merle Norman is for sale in Santa Monica". Los Angeles Times. Retrieved July 22, 2020.
  15. ^ Star, Dale Quinn Arizona Daily (June 2010). "Ranch house with a story discovers niche as a B&B". Arizona Daily Star. Retrieved October 9, 2021.
  16. ^ Fish, Tom (September 19, 2021). "The 30 largest homes in America". Newsweek. Retrieved February 19, 2022.
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