| Nethercutt-Richards | |
| Coat Of Arms Caption: | Coat of Arms |
| Type: | Family |
| Origin: | Midwestern U.S. |
| Country: | United States |
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]
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]
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. 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]
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]