Jan Lundberg’s 117-Acre Wyoming Ranch Lists for $40 Million

A sprawling Wyoming ranch long owned by retired Eli Lilly Research Labs president Dr. Jan Lundberg has just hit the market. Perched on a ridgeline above the picturesque Jackson Hole Valley surrounded by the Teton Range, about 15 minutes from downtown Jackson, the 117-acre spread is for sale at a dash under $40 million. Latham Jenkins of Live Water Properties holds the listing.

Records show that the current pharmaceutical consultant—a key figure behind the development of the…