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Forbes reveals the richest person in Minnesota

Forbes unveiled the richest person in every state, but we're not quite sure about it.

The richest person in Minnesota is Glen Taylor, who is worth approximately $2.9 billion, according to Forbes' annual unveiling of the wealthiest individual in all 50 states. 

Taylor, best known for owning the Minnesota Timberwolves and Lynx, is the head of Taylor Corporation, which controls more than 80 subsidiaries around the world and is one of the largest graphics communication companies in North America. 

Overall, Taylor's wealth puts Minnesota 35th on the list, although there are more billionaires with more money than Taylor, like Bill Gates, whose wealth in Washington actually ranks second in the state behind Amazon founder Jeff Bezos. 

Bezos and Gates are actually the two richest men in the world, according to Forbes. 

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Taylor was worth $2.8 billion as Minnesota's richest person in Forbes' 2018 rankings, so he made about $100 million in the past year. Not bad, eh?

Taylor earned his Bachelor of Science Degree at Minnesota State University, Mankato, and later attended Harvard Graduate School of Business. 

What about Cargill CEO Whitney MacMillan?

Technically, MacMillan and his net worth of $5.6 billion goes to Florida because he's a resident of Vero Beach. So even though he earns his wealth via the Minnesota-based Fortune 500 company, Forbes counts him as one of the billionaires in Florida. 

Still, it's a strange stipulation since he's making the money out of Minnesota. Either way, earlier this year Forbes revealed all of the billionaires in U.S., and six of them have ties to Minnesota. 

  • Whitney MacMillan – $5.6 billion (last year $6 billion)
  • Glen Taylor – $2.8 billion (last year $2.6 billion)
  • Bill Austin – $2.5 billion (last year $1.6 billion)
  • Stanley Hubbard – $1.9 billion (last year $2.2 billion)
  • John MacMillan (Cargill heir), Martha MacMillan (Cargill heir) – both $1.9 billion (last year – $1.3 billion).

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