Who Owns Herbalife?

What does Herbalife own?
Herbalife owns a single primary brand with 144 product types across weight management, targeted nutrition, energy sports and fitness, and outer nutrition categories. In 2025, the company expanded its portfolio through acquisitions of Pro2col, Link BioSciences, Pruvit, and Bioniq, building a personalization ecosystem. Its best-selling product is the Formula 1 Nutritional Shake Mix, which accounts for approximately 25% of net sales.

Is Herbalife publicly traded?
Yes, Herbalife Ltd. is publicly traded on the New York Stock Exchange under the ticker symbol HLF. The company has been listed since 2004, when it completed its IPO after a period as a private company. As of February 2026, there were approximately 103.4 million common shares outstanding.

Who founded Herbalife?
Mark Hughes founded Herbalife in 1980 in Los Angeles, California. Hughes was 24 years old at the time and started the company after his mother's struggles with unhealthy weight loss methods. He led the company until his death in 2000 at age 44. Hughes built the business through a direct sales model that recruited independent distributors to sell nutrition products.

Where is Herbalife headquartered?
Herbalife maintains its corporate headquarters in Los Angeles, California, USA. The company is legally organized as a Cayman Islands exempted holding company, with principal operations conducted through U.S. subsidiaries including Herbalife International of America, Inc. Manufacturing facilities are located in the United States, China, and India.

How many brands does Herbalife own?
Herbalife operates primarily as a single-brand company, selling products under the Herbalife name and sub-brands like Herbalife24 and Herbalife SKIN. The company has 144 product types sold in 95 markets. In 2025, Herbalife began acquiring additional brands including Pro2col, Link BioSciences, Pruvit, and Bioniq to build a multi-brand personalization platform.

Who owns Herbalife?
Herbalife is owned by its public shareholders, with institutional investors holding significant stakes. Major institutional holders have included Icahn Capital LP, Vanguard Group, and BlackRock, according to SEC 13F filings. The company does not have a dual-class share structure, so all common shares carry equal voting rights. The board is chaired by Michael O. Johnson, with Stephan Gratziani serving as CEO.

What is Herbalife's revenue?
Herbalife reported $5.0 billion in net sales for FY2025, a 0.9% increase from FY2024. On a constant currency basis, net sales increased 2.5% year-over-year. The company reported adjusted EBITDA of $657.6 million for FY2025, with an adjusted EBITDA margin of 13.1%. For Q1 2026, net sales were $1.3 billion, up 7.8% year-over-year.

Is Herbalife involved in any legal or regulatory proceedings?
Herbalife is permanently subject to a 2016 FTC consent order requiring restructured compensation practices and 80% retail sales verification. The company has settled multiple class action lawsuits, including a $32.5 million settlement in 2020. The FTC settlement required $200 million in consumer redress, and checks were sent to nearly 350,000 affected distributors. Herbalife remains under independent monitoring for FTC compliance.