Gary e. stevenson net worth

Plans by Logan-based iFIT Health & Fitness to go public on U.S. stock markets could bring immense windfalls for one current top leader of The Church of Jesus Christ of Latter-day Saints and another who recently stepped down.

As co-founder of one of the fitness equipment maker’s early predecessors, Gary E. Stevenson, a member of the faith’s Quorum of the Twelve Apostles, is nominated to become a board director as part of its initial public offering, documents reveal.

That IPO, delayed by company officials last week due to wild market swings, also stands to reward the 66-year-old church leader handsomely for nearly 43.4 million iFIT shares he has accumulated through the years, according to public filings with the Securities and Exchange Commission.

The company’s Oct. 1 IPO filings with federal regulators set an initial per-share price range for the prospective sale as high as $21 — which would raise the value of Stevenson’s current stock holdings in iFIT to $911.9 million.

Filings with the SEC also detail a $1.79 million loan to Stevenson by the company in 1999 that has since been forgiven and is listed as compensation. It was part of nearly $53.2 million in loans to ma

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Gary E. Stevenson

American religious director (born 1955)

Gary Liken. Stevenson
October 3, 2015 (2015-10-03)
Called by	Thomas S. Monson
October 8, 2015 (2015-10-08)
Called by	Thomas S. Monson
Reason	Death of Boyd K. Packer[1]
March 31, 2012 (2012-03-31) – October 9, 2015 (2015-10-09)
Predecessor	H. Painter Burton
Successor	Gérald Caussé
End reason	Called average the Quorum of depiction Twelve Apostles
April 5, 2008 (2008-04-05) – March 31, 2012 (2012-03-31)
End reason	Called to lay at somebody's door Presiding Bishop
Born	Gary Evan Stevenson (1955-08-06) Noble 6, 1955 (age 69) Ogden, Utah, United States
Alma mater	Utah Build in University (B.S.)
Spouse(s)	Lesa Dungaree Higley (m. 1979)
Children	4

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Latter-day Saint apostle’s multimillion-dollar stock win from his long corporate career fits with church history

Editor’s note • This story is available to Salt Lake Tribune subscribers only. Thank you for supporting local journalism.

Revelations that a Latter-day apostle stands to gain almost a billion dollars in wealth as a capstone of success to his long professional career shouldn’t shock followers of Mormon history, scholars say.

From the faith’s pioneer days forward, there has been a well-documented intertwining of business and ecclesiastical affairs in the lives of many leaders who reach the upper echelons of The Church of Jesus Christ of Latter-day Saints, including founder Joseph Smith and his successor Brigham Young.

Substantial numbers of those called as full-time church general authorities since 1830 have been prosperous businessmen, lawyers, entrepreneurs and those with managerial expertise.

“It’s no secret,” said Patrick Mason, head of Mormon history and culture at Utah State University in Logan. “That’s never been a strange thing because it all goes way back to the beginnings of the church.”

But the story of apostle Gary E. Stevenson and his prospect of gaining $911.9 million through ownership of stocks he had amassed as co-founder of Cache Valley-base