Five Minnesotans among the country's wealthiest people

Author:
Updated:
Original:

Five Minnesotans are among the wealthiest people in the country, according to Forbes magazine's rankings of the 400 richest people in America in 2014.

These same five were also on the list last year.

Whitney MacMillan, heir and part owner of agribusiness giant Cargill, is the wealthiest man in Minnesota, according to Forbes. MacMillan ranked No. 133 on the list with a net worth of $3.8 billion.

According to Forbes, the rich in America keep getting richer, mainly due to the stock market's strong performance of late. The combined net worth of the 400 richest people in the U.S. is $2.3 trillion, up about 15 percent from a total of $2 billion last year.

Microsoft founder Bill Gates is the wealthiest person in America for the 21st year in a row, with a net worth of $81 billion.

Here’s where the five richest Minnesotans rank this year among the country's billionaires, as well as their net worth, according to Forbes.

  • No. 133: Whitney MacMillan — Part owner of Cargill, Inc., Net worth $3.8 billion
  • No. 302: Stanley Hubbard — Chairman and CEO of Hubbard Broadcasting. Net worth $2.1 billion
  • No. 368: Glen Taylor — Owner of Taylor Corp., the Minnesota Timberwolves and Lynx, and the Star Tribune. Net worth $1.7 billion
  • No. 383: Marilyn Carlson Nelson — Part owner of Carlson Inc., hospitality and travel, with sister Barbara. Net worth $1.6 billion
  • No. 383: Barbara Carlson Gage — Part owner of Carlson Inc. with sister Marilyn. Net worth $1.6 billion

Other regional notables:

  • No. 59: John Menard Jr. — President and CEO, Menard’s retail chain. Net worth $7.9 billion. Menard lives in Eau Claire, Wis.
  • No. 235: James Cargill II — Part owner of Cargill. Net worth $2.6 billion. Cargill lives in Birchwood, Wis.
  • No. 242: Richard Schulze — Former chairman of Best Buy. Net worth $2.6 billion. Schulze lives in Florida
  • No. 245: Austen Cargill II -- Part owner of Cargill. Net worth $2.6 billion. Cargill lives in Montana

Cargill was founded in 1865, when W.W. Cargill began operating a grain storage facility. It’s grown to become the largest privately owned company in the world. Its revenues in 2013 totaled nearly $137 billion.

Members of the Cargill family still own 88 percent of the company, according to Forbes. The publication put together a Cargill family tree which shows how ownership of the company has passed down through the generations of the Cargill family.

Next Up

Screen Shot 2020-11-27 at 6.26.50 PM

Minnesota nurse's story about her battle with COVID-19 goes viral

A month later, Ashley Walter is on a hard road to recovery.

Adam Thielen

Report: Still on COVID-19 list, Thielen not expected to play Sunday

Thielen was placed on the COVID-19/Reserve list on Monday.

Image from iOS (19)

Mask-wearing, distancing a common sight on MOA's Black Friday

Thousands of shoppers were out and about on Black Friday despite the COVID-19 situation.

Tim Walz

Gov. Tim Walz, MDH react to record-setting COVID-19 deaths

Minnesota can expect further bad news over the coming weeks.

covid-19, coronavirus

Record 101 COVID-19 deaths reported in Minnesota

The figures are from Wednesday, with no update provided on Thanksgiving.

Screen Shot 2020-11-27 at 9.29.12 AM

Target reveals its 'Cyber Week' online deals

The sales will run from Nov. 29 to Dec. 5.

Minneapolis police

Mayor Frey, Minneapolis police chief reveal new 'no-knock' policy

The new policy for Minneapolis Police Department was announced Wednesday.

Teddy Bridgewater

Coller: It's a what-if Sunday with Teddy Bridgewater's return

Matthew Coller writes a weekly Vikings column for BMTN, with more of his work found at Purple Insider.

Ambulance hospital emergency

15-month-old girl's death being investigated by police in Fargo

The child died four days after being found unresponsive.

Related