How Minnesotans rank in the Forbes 2019 Billionaire List

We know you'll be anxious to hear they're doing well.
Publish date:
William Austin, of Starkey Hearing Technologies.

William Austin, of Starkey Hearing Technologies.

Six Minnesotans feature on Forbes' Billionaires 2019 list, with Whitney MacMillan once again the state's richest.

There were mixed fortunes for Minnesota's wealthiest last year, with some seeing their net worth rise, others seeing them fall.

In any case, you'll be glad to know they're all still ridiculously rich.

MacMillan, the 89 year old former CEO of Cargill who is based in the Twin Cities, is the highest ranked Minnesotan at 311th overall, though his $5.6 billion net worth is down on the $6 billion he was worth in the 2018 list.

He's ahead of Minnesota's second-richest billionaire, Glen Taylor, the Timberwolves, Lynx and Star Tribune owner who is 804th with a $2.2 billion fortune.

Meanwhile, TV and radio mogul Stanley Hubbard is now tied 4th in Minnesota at $1.9 billion after his net worth dropped to $300 million compared to last year.

Taking his place as the third-richest Minnesotan is Starkey Hearing Technologies' Bill Austin.

Follow Bring Me The News on LinkedIn

Here are the 6 Minnesotans that feature in the 2019 Forbes list:

  • 311th: Whitney MacMillan – $5.6 billion (last year $6 billion)
  • 804th: Glen Taylor – $2.8 billion (last year $2.6 billion)
  • 916th: Bill Austin – $2.5 billion (last year $1.6 billion)
  • 1,227th: Stanley Hubbard – $1.9 billion (last year $2.2 billion)
  • 1,227th: John MacMillan (Cargill heir), Martha MacMillan (Cargill heir) – both $1.9 billion (last year – $1.3 billion).

Other notable names on the list include Wisconsin's John Menard Jr., founder and owner of Menard's, who is 133rd with an estimated net worth of $10.5 billion.

Best Buy founder Richard Schulze, who was born and raised in St. Paul but now calls Florida his home, is 568th with a net worth of $3.7 billion.

Next Up

Image from iOS (101)

Charges: Driver was drunk, speeding before crash that killed 1-year-old son

A total of five children were in the back seat at the time, according to the charges.

Jeff Gladney

Vikings release Jeff Gladney following domestic violence charge

His release is effective immediately, the team said.

Screen Shot 2021-08-03 at 3.28.56 PM

Body pulled from water near Lebanon Hills Park swimming area

Surveillance footage showed a man walking towards the beach on Sunday.

fire truck

Victims of double-fatal house fire in Wadena County identified

The man and woman died in the early Sunday house fire.

Screen Shot 2021-08-03 at 7.50.23 AM

Charges: Witness thought Austin man was 'joking' before he killed woman

The criminal complaint details what may have led to the 20-year-old's death.

Melvin Carter

Minneapolis and St. Paul to require face masks in city buildings

The mayors are also urging businesses to adopt mask rules for customers.


Charges detail murder of woman by fugitive bomb-maker husband

Eric Reinbold is accused of killing his 34-year-old wife.

Jeff Gladney

Vikings' 2020 first-round pick Gladney indicted by Texas grand jury

If convicted Gladney could be sentenced up to 10 years in prison.

face mask

List of places in Minnesota now requiring or recommending face masks

Businesses and organizations are changing their policies in response to the delta variant.

Minnesota State Fair - main gate day 2021

The 2021 Minnesota State Fair: Everything you need to know

From ticket prices to new foods to health protocols, we've got you covered.

Flickr - police lights squad siren - Edward Kimmel

Suspect steals unlocked squad car, leads officers on miles-long chase

The suspect also brandished a shotgun from the stolen vehicle out the window.


Forbes' annual list reveals Minnesota's billionaires

In Minnesota, six people make the billionaires list – that's roughly 0.00001 percent of the state's population of 5.5 million.

Same six Minnesotans among Forbes' 2011 Billionaires List

The six familiar Minnesota names who made the list in 2010 remained on the list last year. More than 1,200 billionaires from around the world made the 2011 list. The heirs of Cargill, Inc. and Carlson have the highest rankings among the Minnesotans.

money, cash, $100

Forbes reveals the richest person in Minnesota

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