Roney co-founded Nu Skin Enterprises in 1984 with partner Sandie N. Tillotson. Today, the anti-aging personal care product and nutritional supplement producer is one of the largest network marketing companies in the world, with operations in 52 countries.
Like most businesses, Nu Skin stock took a hit during the recession, but that… hasn’t stopped the direct selling giant from growing. Over the next five years, Nu Skin will not only expand into mainland China, it will triple its number of sales support centers and stores throughout that country.
And investors are paying attention. Within a week of announcing the expanded distribution model, Nu Skin saw its stock rise 11%.
To Roney, a significant stakeholder in the company, this translated to an almost $14 million profit in just one week, from stock alone.
If that doesn’t qualify him for the Network Marketing Central list of Movers & Shakers, I don’t know what does.