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


Despite pandemic, Life Time pushes ahead to open downtown co-working space

It was originally planned to open in the fall, but it has been pushed back to April.

shamrocks irish nook

The Nook issues plea, asks people to order from its other restaurant

Shamrocks Irish Nook has the same food as The Nook, the restaurant owners say.

Screen Shot 2020-12-02 at 9.55.05 PM

Small plane lands on northbound I-35W in Twin Cities

A large police presence is at the scene.


Judge orders Minnesota gym that defied shutdown to close

Attorney General Keith Ellison sued the gym after it remained open.

montana cutbank

Charges: Man shot victim 'without provocation' using sawed-off shotgun

The incident happened on Nov. 24 in Ten Lake Township, located in Beltrami County.

Governor Tim Walz

Watch live: Walz, first responders address Minnesotans

Some departments have been forced to shift staffing or suspend service due to COVID-19.

covid-19, coronavirus

CDC says COVID-19 quarantine period can be cut to 10 or 7 days

You can come out of a 7-day quarantine following exposure provided you've had a negative test.

maple grove fire

1 person found dead inside Maple Grove business that burned down

A person had been unaccounted following the fire that destroyed Hanson Implement and Storage Tuesday night.

One-dollar bill, cash, money

Appeals court rules MN high school students can get unemployment benefits

They've been denied the benefits, and some were even asked to pay them back.

covid-19, coronavirus

Dec. 2 COVID-19 update: 77 more deaths in Minnesota

The death toll is closing in on 3,700 in Minnesota.

City Pages

Fan creates City Pages archive, Star Tribune tells him to remove it

After word spread that the defunct newspaper's website would go down, a fan created his own copy. Then he got a cease and desist letter.


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.