Business & Tech

Which Twin Cities-Area People Are Among the Richest in America?

Forbes Magazine released its annual 400 Richest Americans List on Monday, Sept. 16.

(Associate Regional Editor Kevira Voegele wrote this post.)

Leaders of Cargill, the Carlson Inc., Hubbard Broadcasting and the Minnesota Timberwolves are among the richest people in American. 

Six Twin Cities-area people are included in Forbes’ 400 Richest People in American list, which was released Monday, Sept. 16. 

Here are the local leaders who made the list, along with their spot on the list this year and in 2012, their net worth, their residence and business connections. 

118 (tie)—Barbara Carlson Gage Spot on the list in 2012: 92 Net Worth: $3.9 billion Residence: Long Lake, MN Age: 71 Business(es): Owns Carlson Inc. with her sister Marilyn, and is president and chairperson of the Carlson Family Foundation. Carlson Inc. “operates over 1,300 hotels (Radisson, Country Inns & Suites), 900 T.G.I. Friday's restaurants and holds a majority stake in Carlson Wagonlit Travel,” according to Forbes. 

118 (tie)—Marilyn Carlson Nelson Spot on the list in 2012: 92 Net Worth: $3.9 billion Residence: Long Lake, MN Age: 74 Business(es): Owns Carlson Inc. with her sister Barbara, and is director and co-CEO of Carlson Holdings. Carlson Inc. “operates over 1,300 hotels (Radisson, Country Inns & Suites), 900 T.G.I. Friday's restaurants and holds a majority stake in Carlson Wagonlit Travel,” according to Forbes. 

122—Whitney MacMillan Spot on the list in 2012: 132 Net Worth: $3.8 billion Residence: Minneapolis, MN Age: 84 Business(es): He and five other very private billionaire relatives together own a majority of the agribusiness firm Cargill, which had revenues of $137 billion in the fiscal year ended May 2013. MacMillan was last CEO and chairman in 1995. 

201—Richard Schulze Spot on the list in 2012: 311 Net Worth: $2.7 billion Residence: Bonita Springs, FL Age: 72 Business(es): He is chairman emeritus for Best Buy, who resigned as chairman of the board in 2012. 

252—Stanley Hubbard Spot on the list in 2012: 229 Net Worth: $2.2 billion Residence: St. Paul, MN Age: 80 Business(es): He “sold his satellite TV outfit to Direct TV for $1.3 billion over a decade ago,” according to Forbes. “He is still chairman of Hubbard Broadcasting, though he has handed off to his five kids, who all serve as operating officers of the various local television, radio and media subgroups.” 

327—Glen Taylor Spot on the list in 2012: 285 Net Worth: $1.7 billion Residence: Mankato, MN Age: 72 Business(es): He owns Taylor Corp., according to Forbes. He also owns the Minnesota Timberwolves; farmland in Iowa and Minnesota; and Rembrandt, a producer of liquefied, pasteurized eggs. 

Bill Gates of Microsoft is again first on the list with a net worth of $72 billion. He has been first on the list for 20 years, according to Forbes. Warren Buffett is second again this year; his net worth is listed at $58.5 billion.

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