Considering joining Herbalife as a distributor? Read our Herbalife review to learn about the history of the company, who its leaders are, the types of products it sells, as well as whether or not you have a true chance to make any money.
Founded
- 1980
Founders
- Mark Hughes 1980
Executive Team
- Richard Goudis (CEO)
Website
- http://www.herbalife.com
Industry
- Nutritional Supplements
- Multi-Level Marketing
Number of Distributors
- 3,200,000
Revenue
- $4.488 Billion (2016)
- $4.469 Billion (2015)
- $4.958 Billion (2014)
- $4.825 Billion (2013)
- $4.072 Billion (2012)
- $3.454 Billion (2011)
- $2.734 Billion (2010)
- $2.324 Billion (2009)
- $2.359 Billion (2008)
View the complete list of Herbalife’s annual reports.
Herbalife Income Disclosure Statement
Herbalife calls their income disclosure statement the “Average Gross Compensation”, so it is a bit harder to find. Based on the last available information provided by the company (2014), you can see that ~90% of Herbalife distributors made less than $2,500 for the entire year (keep in mind this is not profit so you have to subtract your costs from this amount) with over 70% making less than $300.
Herbalife Products
- Milkshakes
- Protein Bars
- Vitamins
- Skin Care
- Hair Care
Herbalife Customer Reviews
Currently Herbalife has an overall BBB rating of B, which is the result of 13 formal customer complaints. The recurring issues throughout the complaints are:
- Misleading sales/advertising tactics
- Delivery and billing issues
- Low quality product
Herbalife Employee Reviews
Glassdoor shows that Herbalife employee sentiment dropped dramatically in 2016 but since has rebounded a bit.
Legal Trouble
- In July 2016, the FTC levied a $200 Million penalty on Herbalife and ordered it to restructure its business to reduce exploitation of its distributors.
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