Marjorie Merriweather Post was born in Springfield, Illinois, the daughter and only child of C. W. Post and the former Ella Letitia Merriweather. At age 27, when her father died in 1914, she became the owner of the rapidly growing Postum Cereal Company, founded in 1895. She was subsequently the wealthiest woman in the United States, with a fortune worth about US$250 million.
Marjorie Merriweather Post became the owner of Postum Cereal Company in 1914, after the death of her father, and was director of the company until 1958. She along with her second husband E.F. Hutton began expanding the business and acquiring other American food companies such as Hellmann's Mayonnaise, Jell-O, Baker's Chocolate, Maxwell House and many more. In 1929, Postum Cereal Company was renamed General Foods Corporation.