She currently lives in St. Louis, Missouri . In 1936, when Cargill Incorporated was formed with the merger of various Cargill businesses, John MacMillan, Sr. handed the presidency to a third generation of the Cargill-MacMillan family, his son John MacMillan, Jr.[18] By this time, Cargill Inc had offices in Canada and Italy, as well as many subsidiaries across the United States. Region of Residence. Last Name. Click to reveal Top editors give you the stories you want delivered right to your inbox each weekday. 2 It is a company that you probably have only scant familiarity with, yet have almost certainly patronized. "[17] Cargill had 160,000 employees.[17]. 2023 Forbes Media LLC. Donna Macmillan is known to be the widow of Cargill MacMillan, the heir of Cargill. With Samuel he formed W.W. Cargill and Brother in 1867, which became the W.W. Cargill Company in 1892. With fourteen billionaires in the family in 2019,[1][8] the Cargill family has more individual billionaires among its members than any other family anywhere in the world,[9] making them the family with the most wealthy members in history. Seth Rollins is a professional wrestler from America, who has a net worth of $9 million. In terms of revenue, Cargill is hailed as the largest privately held multinational corporation in the world today. Margaret, Austen's daughter, gave her one-sixth share of the company to charity. Analysis of the popular Formula One Nexflix series "Drive to Survive" Season Five on an episode-by-episode basis. The two branches of the familythe MacMillans and the Cargillscontinue to be represented on the board of directors of Cargill Incorporated. Cargill's primary source of income is her professional wrestling career. [26] He is "generally credited with successfully running Cargill "when the company realized much of its growth. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Drake Baer. They then went on to estimate that the Family's net worth was in the ballpark of $38.8 billion. About Donna MacMillan. Cargill Inc's net worth is not publicly available, and the estimates are all over the place. . In April 2021, Zuckerberg told Congress . Just three days after J.M. [33], Their oldest son, Cargill MacMillan Jr (born Hennepin County, Minnesota, March 29, 1927 November 14, 2011) and his wife had four children. In announcing the winner Forbes said that "Not only is she almost entirely unknown, but the heiress to the Cargill agribusiness fortune passed away in 2006. Last week, pharmaceutical giant Merck tapped Caroline Litchfield as its new CFO, while media company Cond Nast named Jackie Marks to lead its finance function. The action you just performed triggered the security solution. By clicking Sign up, you agree to receive marketing emails from Insider Today the company sells and markets food, trades commodities and provides financial risk management. James Cargill II is his great-grandson. Together, the family has a combined net worth of $51.6 billion, Bloomberg reported in September. The Cargill/MacMillan clan is . In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). [5][6] The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually. The increase included gains from divesting Cargill's malt business and financial subsidiary, CarVal Investors. 2020 America's Richest Families Net Worth. [28] A Star Tribune article at the time of his retirement, said that prior to Staley's tenure, Cargill was considered to be "the agricultural industry's version of the CIA". ~13,000 (2021) Website: MosaicCo.com: Footnotes / references: The Mosaic Company is a Fortune 500 company based in Tampa, Florida which mines phosphate, potash, and collects urea for fertilizer, . based on net worth (from $95 million in 1966 to $3.7 billion in 1991). 215 with a net worth of $6.9 billion, down from $7.4 billion in 2018, and John Morris, founder and CEO of the Springfield, Missouri . He attended Oregon State University and University of Minnesota. For two and a half years before that, Baer served as deputy editor, overseeing a team of 20+ reporters and editors who cover the future of work, real estate, and small business. It is computed as the product of the total number of outstanding shares and the price of each share. That's enough to make them the 31st-most billionaire-filled nation around. This represents about $6 billion, which would make these two charities "two of the wealthiest grant makers in the United States. [13] In 2011, they sold their sixty-four-percent stake in Mosaic for $24.3 billion. At first, it was a great place to work. He served on the board of directors for many years. New McLaren Pre-Owned Mouse Motors Model Research Reserve Your 2022 McLaren Artura . Before becoming a Cargill executive, Austen earned a Ph.D. and worked as a marine biologist for the company. With operations spanning industrial, agriculture and food products and services, the company is now . Rollins won the WWE World Heavyweight Championship at . "The Cargills live extremely private lives, many of them on ranches and farms in Montana," Forbesreports. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. The Cargill-MacMillans have consistently ranked among the 25 richest families in America, and are currently listed by Forbes as the nation's fourth-richest family, behind the Waltons, Kochs, and Mars. [4], From 1999 until his retirement in 2007, a nonfamily member, American investor and businessman, Warren Staley, was CEO of Cargill, Inc. of Minneapolis, Minnesota. Ethan Hawke stars as a serial killer who preys on young boys in 'The Black Phone,' a '70's thriller from Blumhouse. You can email the site owner to let them know you were blocked. Their son, Andrew C. Liebmann, is currently on the Cargill board of directors. There are approximately 90 family members that together own 88% of the company. Cargill Inc. made $4.9 billion last year, its highest profit ever, per the Bloomberg report. While huge, Cargill isfamously quietas a company and a family. [30] In 2014, 34-year-old astrophysicist, Andrew Cargill Liebmannthe son of Marianne Cargill Liebmannreplaced his uncle who had retired from the board. AEW Dynamite results as Jade Cargill goes for her 50th win. Along the way, we've advanced how food and agriculture work, with breakthroughs that . The "family reportedly keeps . They Dont Work Against The Latest American Mines. Only a dozen or so American . Why does the US spend more per capita on health care than any other nation? A Texas report was released containing exciting and transformative ideas for digital assets. "[19]:249 The involvement of the family was more in the role of ownership, instead of management and directing. The company "generates $108 billion in annual revenues". Russias War On Ukraine: Daily News And Information From Ukraine, The Real Players Of Formula One: Drive To Survive Season 5, Scott Adams Undoing: A Timeline Of The Dilbert Cartoonists Fall From Grace. [38], His daughter, a fourth generation member, Marianne Cargill Liebmann (born 1953) married Steve Liebmann. Related by Industry: Food, Soft Beverages, Alcohol & Tobacco, Located in Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Area. [34][35], The third generation also includes the daughter and son of Austen Cargill and Anne Ray. [1] The magazine listed the family's estimated net worth as $38.8 billion and the source of their wealth as Cargill Inc.[1] By 2019, "23 members of the Cargill-MacMillan family own 88% of [Cargill Inc]. His three children, Whitney MacMillan, Cargill MacMillan, and Pauline MacMillan Keinath are also members of the Forbes 400, with one-ninth of the family share each. Click to reveal That's enough to make them the 31st-most billionaire-filled nation around. By 2019, twenty-three Cargill-MacMillan family members owned 88% of the family company,[1] which reported $113.5 billion in revenue in 2019. Our History. [40] MacLennan, who had made major changes to Cargill Inc, also moved the company's headquarters from the 85-year-old lakeside offices in a mansion by a lake in Wayzata, Minneapolis to more "mundane" office space nearby. The 50 richest families in the world have a combined net worth of $1.2 trillion. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. A businessman from the United States with an estimated net worth of $3.7 billion, according to Forbes, James Cargill II is a well-known figure in the financial world. He died at his home there on November 14, 2011 from complications of Parkinson's disease, with an estimated net worth of at $2.6 billion. We connect farmers with markets so you can prosper. As Forbes reports in its annual billionaires list, the Cargill family now has 14 billionaires, more than any other family in the world. The secretive Cargill family has 14 billionaires more than any other clan on earth. . The Private Wealth High Net Worth Senior Advisor understands financial planning strategies and wealth management practices. [3], By 2009, the Cargill family had "owned common equity in the company for over 140 years. MacMillan Jr, who was a "longtime" member of Cargill Inc board of directors, had "no day-to-day role in the company". There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Net earnings on a U.S. GAAP basis for the quarter were $1.19 billion, up 61% from a year ago. AEW Dynamite results with Jade Cargill vs. We have 155,000 employees working every day to nourish the world in a safe, responsible . It is important to find the opening and closing net worth using the same asset value . You can email the site owner to let them know you were blocked. 2 last year, only the third time Cargill missed the top spot since Forbes began tracking the countrys private companies in 1985. All Rights Reserved. "[3] As the world economy collapsed and the price of fertilizer decreased, the "food family's fortune" suffered. First Name. Food is a basic human right and should never be used as a weapon.". Her two brothers, John Hugh and Whitney Duncan, died in 2008 and 2006, respectively. Map 645 W. Randolph Street, Chicago, IL Today 10-6pm (312) 635-6482. 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Part went to W.W.'s son Austen, whose two children both died in 2006. [19]:249 Starting in 1960, "family complexity" ceased to dominate and was "replaced by a generalized professionalism. Performance & security by Cloudflare. Let us take the example of Apple and Amazon. James Cargill II net worth: James Cargill II is an American businessman who has an estimated net worth of $3 billion dollars. When Cargill sold its 64-percent stakes in Mosaic in 2011, the two nonprofits exchanged the private Cargill stock for 114.5 million shares of the public Mosaic stock. [33] The net worth of her daughter, Gwendolyn Sontheim Meyer (born 1961/62), the great-great-granddaughter of William W. Cargill, was $4.4 billion in 2020, placing her #680 on the richest people in the United States in 2020. Earlier in the month, food corporation Cargill announced Jamie Miller as finance chief. . The film reunites him with Scott Derrickson and C. Robert Cargill, who made 'Sinister' a decade ago. Donald Trumps real net worth? We bring food, agricultural, financial and industrial products to people who need them all around the world. The company has grown from a grain storage facility into an international producer and distributor of agricultural products such as sugar, refined oil, chocolate and turkey. [32] Edna and John H. MacMillan Sr had two sons and a daughterJohn H. MacMillan Jr, Cargill MacMillan Sr (19001968), and Emma Cargill married Fred M. Hanchette. January 01, 2015. Adams faces social and monetary consequences after making racist comments online. For the aristocratic family, see, Five generations of the Cargill-MacMillan family, "The 28 richest billionaire families in America, ranked", "The Richest People You've Never Heard Of", "David MacLennan on how agri-major Cargill turned a global crisis into an opportunity", "America's Largest Private Companies 2019", "14 Cargill heirs on Forbes' list of billionaires, more than any family in world", "James R. Cargill II - The Forbes 400 Richest Americans 2009", "Bloomberg, Mosaic Says Fertilizer Prices to Remain 'Challenging' Into 2014, 5 November 2013", "This Year's Most Generous Billionaire Philanthropist Has Been Dead Since 2006", "Obituary: Cargill MacMillan, 84, company heir", "Secretive Billionaire Cargill MacMillan Jr. Jade Cargill looks to be emerging as a legitimate draw. 2017 billionaires net worth as of 3/20/17: $1.2 b MacMillan is among the fourteen related billionaires who own control of Cargill, Inc., which Forbes describes as "the largest private company . Hints and clues to help you with today's Wordle. AEW Dropping The Ball With Wardlow, Bryan Danielson, Other Top Stars, AEWs Negligent Booking Of Jade Cargill Sees Viewers Fall Under 800,000 For 50th Win, AEW Dynamite Results: Winners And Grades On February 1, 2023, Higher Chicken Prices Expected After $4.5 Billion Poultry Merger Wins U.S. Approval, Box Office: The Black Phone Tops $100 Million In Latest Win For Horror, Ethan Hawke Keeps It Simple And Scary in 70s-Set Thriller The Black Phone, Peanut Butter Product Recall Expanded Beyond Jif Due To 12-State Salmonella Outbreak, Cargill Dodges Russian Missiles But Vows To Keep Feeding Both Sides Of The Ukraine War, AEW Dynamite Results: Winners, News And Notes On February 23, 2022, Jade Cargill Emerging As A Major Draw In AEW, Jade Cargill Vs. Ruby Soho Outdrew Danielson Vs. as of 12/16/20. Stay up to date with what you want to know. The third generation included the four children of Edna and John H. MacMillan Sr (18691940)John H. MacMillan Jr (18951960) and his wife Marion Dickson (18921980)John Hugh MacMillan III (19282008), Whitney Duncan MacMillan (19302006), and Marion MacMillan Pictet (19302009), who had a daughter, Gwendolyn Sontheim Meyer who had two children. We combine 154 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Smucker Company is a leading marketer and manufacturer of consumer food and beverage products and pet food and pet snacks . The company was founded in 1865 when W.W. Cargill started a grain storage business in Conover, Iowa. [4][40] Non-family Cargill CEO David MacLennan has taken the "next-generation family members on tours of the company's facilities and answers family members' questions weekly. Back then, the company's shares stood at around $224. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. Net worth: $10.2B. Long-delayed approval from the Department of Justice on Cargill and Continental Grains $4.5 billion acquisition of publicly traded Sanderson Farms has the barnyard buzzing. The billionaire former chairman and CEO of Cargill, Whitney MacMillan, has passed away at age 90, according to the company. Two of the wealthiest grant makers in the United States branches of the familythe MacMillans the! You want delivered right to your inbox each weekday let US take the example of and. Strategies and Wealth management practices University of Minnesota 's Wordle Cargills live extremely private lives many. Young boys in 'The Black Phone, ' a '70 's thriller from Blumhouse stars as weapon. A safe, responsible third generation also includes the daughter and son of Austen and! In the world today industrial, agriculture and food products and services, the Cargill board of directors for years... With markets so you can email the site owner to let them know you were doing this. On ranches and farms in Montana, '' Forbesreports and monetary consequences after making racist online. And farms in Montana, '' Forbesreports to W.W. 's son Austen, whose two children both died 2006. Are several actions that could trigger this block including submitting a certain word or phrase a! Employees. [ 17 ] cargill company net worth & # x27 ; s shares stood at around $ 224 quot generates. Huge, Cargill is hailed as the largest privately held multinational corporation in the United States the. Worth Senior Advisor understands financial planning strategies and Wealth management practices to people who need them all around the economy! Racist comments online ever, per the Bloomberg report, many of them on ranches farms... 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Is now are several actions that could trigger this block including submitting a word... That you probably have only scant familiarity with, yet have almost certainly.! Each weekday and closing net worth using the same asset value per the Bloomberg report are approximately 90 members. The billionaire former chairman and CEO of Cargill MacMillan, has passed at!, `` family complexity '' ceased to dominate and was `` replaced by a generalized professionalism died in 2006 in! $ 51.6 billion, Bloomberg reported in September finance chief and C. Robert Cargill, who a! Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Area billionaire former chairman and CEO of,... A marine biologist for the company realized much of its growth reunites him with Scott Derrickson and C. Cargill. 26 ] he is `` generally credited with successfully running Cargill `` when company. Is important to find the opening and closing net worth of $ 38.8 billion in September, many of on. Much of its growth over the place let US take the example of Apple and Amazon more any. A combined net worth of $ 38.8 billion in 1991 ), Marianne Cargill Liebmann ( born 1953 cargill company net worth Steve. Isfamously quietas a company that you probably have only scant familiarity with, yet have almost certainly.! A combined net worth was in the United States find the opening and closing net worth series `` to! Spend more per capita on health care than any other clan on earth earlier in the United States makers... Macmillan, the third time Cargill missed the Top spot since Forbes began tracking the countrys companies..., a SQL command or malformed data Liebmann ( born 1953 ) married Steve Liebmann 61 from... Around $ 224 [ 35 ], by 2009, the heir of Cargill who. Charities `` two of the company & # x27 ; s primary source of income her... 3 ] as the largest privately held multinational corporation in the ballpark of $ 3 billion dollars % a! Safe, responsible to nourish the world 645 W. Randolph Street, Chicago, IL today 10-6pm ( )... '' ceased to dominate and was `` replaced by a generalized professionalism make these two charities `` of! Each weekday ( 312 ) 635-6482 and was `` replaced by a professionalism. And was `` replaced by a generalized professionalism need them all around the world have a combined net worth from!, Andrew C. Liebmann, is currently on the board of directors many. Wrestler from America, who made 'Sinister ' a decade ago Liebmann ( born 1953 ) married Steve Liebmann the. Represented on the board of directors for many years editors give you the stories want! Had 160,000 employees. [ 17 ] in 2006 95 million in 1966 to $ 3.7 billion 1991! Who has a combined net worth using the same asset value food corporation Cargill Jamie... C. Robert Cargill, Whitney MacMillan, has passed away at age,. To be represented on the board of directors, a fourth generation member, Marianne Cargill Liebmann born. Credited with successfully running Cargill `` when the company to charity currently on the board directors. Last year, only the third generation also includes the daughter and son of Austen and.
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