He is currently the founder, CEO and majority owner of Zrii, a multilevel marketing company based in Salt Lake City.
Farley was born the elder of two children to a working-class Irish Catholic family on October 10, 1942, in Pawtucket, Rhode Island.
[3] Farley graduated from Bowdoin College in Brunswick, Maine in 1964, where he majored in government and earned an academic scholarship.
[5] After attending Boston College Law School, Farley moved to New York City, where he took a job in the mergers and acquisitions division of NL Industries, a manufacturing company with a number of subsidiaries.
[6] After six months, Farley had raised the funds for the buyout, including his life savings of $25,000, plus $1.7 million in loans and notes borrowed against the company assets.
In 1977, Farley purchased Baumfolder Corporation, a struggling manufacturing company, using funds from equipment sales at Anaheim Citrus.
In 1998 a class-action lawsuit by a New England–based health care employees pension fund alleged that Farley had misled investors to engage in insider trading.
[15] In May 2007, Farley launched a brand-new multi-level marketing health and beauty company based out of Salt Lake City, Utah.
The basis of its namesake product was a juice extracted from the amalaki fruit, which is grown exclusively in India at the base of the Himalayas.
[16] Farley spent over $3 million a year on programs at his subsidiaries that encouraged physical fitness, good nutrition, and smoking cessation.
In May 1996, Farley made a $1 million donation to his high school, St. Raphael Academy, which went toward science and computer resources, tuition assistance, and the athletic department.