6 Minnesotans make Forbes list of richest Americans

2:34 PM, Sep 23, 2011   |    comments
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Six Minnesotans are among the 400 richest people in America, according to an annual list recently released by Forbes magazine.

The Minnesota residents who made the list are the same as last year, although Minnetonka-based Carlson's owners, Marilyn Carlson Nelson and Barbara Carlson Gage, moved up the list to top the local group.

Last year the Carlsons tied for the 252nd spot, while Whitney MacMillan took the 79th spot to top the list of the richest Minnesotans.

Here's the list of the richest of the rich who call Minnesota home, along with their rank on the Forbes list, their net worth, and the source of their wealth:

  • 117 (tie): Marilyn Carlson Nelson (age 72 of Long Lake), $3 billion- Her father, Curt Carlson, founded Carlson Companies. She served as CEO of the company until 2008.
  • 117 (tie): Barbara Carlson Gage (age 69 of Long Lake), $3 billion- Daughter of Curt Carlson and Marilyn's younger sister. She heads the company's family foundation and is active in children's charities.
  • 150: Whitney MacMillan (age 82 of Minneapolis), $2.6 billion- He was an heir to Minnetonka-based agricultural giant Cargill, where he served as CEO for 18 years. His family owns 88 percent of the company.
  • 212: Richard Schulze (age 70 of Edina), $2.0 billion- Founder of Richfield-based Best Buy Company. He stepped down as CEO in 2002 but is still chairman of the board.
  • 227: Stanley Hubbard (age 78 of St. Paul), $1.9 billion- He was chairman and CEO of St. Paul-based Hubbard Broadcasting, Inc., whose operations include numerous television and radio stations.
  • 242: Glen Taylor (age 70 of Mankato), $1.8 billion- The founder of Mankato-based Taylor Corporation, he has expanded the company's operations into commercial printing, packaging, and marketing. He's also the majority owner of the Minnesota Timberwolves.

Microsoft founder Bill Gates topped the list for the 18th year, with a $59 billion net worth. Following Gates as runner up is investor Warren Buffett with $39 billion. Oracle CEO Larry Ellison, and Charles Koch and David Koch of Koch Industries round out the top 5.

(Copyright 2011 by Forbes/KARE. All Rights Reserved.)

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