Five Minnesotans Among Forbes’ 400 Wealthiest

The total net worth of the five wealthiest Minnesotans is nearly $11 billion.
Five Minnesotans Among Forbes’ 400 Wealthiest

Five Minnesotans are among the richest people in America as ranked by Forbes.
Whitney MacMillan, heir and long-time CEO of Minnetonka-based food processing commodity company Cargill Inc., was Minnesota’s wealthiest with a net worth of $3.8 billion. He ranked 133rd on the list.
Others on the list include:

  • Stanley Hubbard ($2.1 billion, ranked 302), chairman and CEO of Hubbard Broadcasting Inc.
  • Glen Taylor ($1.7 billion, ranked 368), owner of North Mankato-based Taylor Corp. printing company, the Minnesota Timberwolves, the Minnesota Lynx and the Star Tribune, which he acquired earlier this year.
  • Barbara Carlson Gage and Marilyn Carlson Nelson ($1.6 billion each, ranked 383), co-owners of Carlson Companies Inc., the Minnetonka-based travel and hospitality company.

It was a record year for the country’s 400 wealthiest, with total net worth at $2.3 trillion. That number is up from around $2 trillion last year. According to the list, Bill Gates remains the richest man in America, with a net worth of $81 billion.
The cutoff to make Forbes’ list was $1.55 billion; the average net worth of the top 400 was $5.75 billion. Nearly a quarter of the list—93 total—were Californians.
113 billionaires failed to make the annual list.
You can view the full list here.