5 Minnesota billionaires on Forbes' world's richest list


Forbes released its annual billionaires list Monday, and the same five super-rich Minnesotans who made the list this year were also ranked last year, according to the Business Journal.

They are all wealthier now than they were in August, when Forbes last calculated its list of the richest Americans.

Whitney MacMillan, part owner of agribusiness giant Cargill, is the wealthiest man in Minnesota, according to Forbes. MacMillan ranked #305 on the list with a net worth of $4.8 billion as of February 12. That's a 25 percent increase in six months, according to Forbes' calculations.

The richest man in the world, according to Forbes, is Bill Gates. The founder of Microsoft,regained the top spot with a net worth of $76 billion.

Here's where the five richest Minnesotans ranked among the world's billionaires, and how much their fortunes have changed since last summer.

  • No. 305: Whitney MacMillan -- Part owner of Cargill, Inc., Net worth $4.8 billion (August: $3.8 billion)
  • No. 340: Marilyn Carlson Nelson -- Part owner of Carlson Inc., hospitality and travel, with sister Barbara. Net worth $4.4 billion (August: $3.9 billion)
  • No. 340: Barbara Carlson Gage -- Part owner of Carlson Inc. with sister Marilyn. Net worth $4.4 billion (August: $3.9 billion)
  • No. 764: Stanley Hubbard -- Chairman and CEO of Hubbard Broadcasting. Net worth $2.3 billion (August: $2.2 billion)
  • No. 988: Glen Taylor -- Owner of Taylor Corp. and the Minnesota Timberwolves. Net worth $1.8 billion (August: $1.7 billion)

Other regional notables:

  • No. 177: John Menard Jr. -- President and CEO, Menard's retail chain. Net worth $7.5 billion (August: $7.5 billion). Menard lives in Eau Claire, Wis.
  • No. 828: Richard Schulze -- Chairman of Best Buy. Net worth $2.1 billion (August: $2.7 billion). Schulze lives in Florida
  • No. 506: James Cargill II -- Part owner of Cargill. Net worth $3.2 billion (August: $2.6 billion). Cargill lives in Birchwood, Wis.

Several other members of the Cargill family are also on the billionaire list, but they live outside the Midwest.

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.

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