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ST. CLOUD,Minn. – Forbes’ 2025 World Billionaires List featured several residents of Minnesota, highlighting their notable wealth and business ventures.
The annual list included a record number of billionaires, with over 3,020 individuals holding a total worth of $16.1 trillion. The United states topped the list with 902 billionaires.
Here’s a look at the five wealthiest individuals in Minnesota who made the list:
- Forbes’ 2025 World Billionaires List includes several Minnesotans.
- Cargill heirs John and Martha MacMillan are tied with $1.4 billion each.
- Glen Taylor remains Minnesota’s wealthiest resident with a net worth of $2.9 billion.
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Table of Contents At 75 years old, John MacMillan possesses a net worth of $1.4 billion. He is among the dozen heirs to Cargill, a Minnetonka-based agribusiness giant. According to forbes’ 2024 list, Cargill stands as the largest privately-held company in the U.S.The company’s diverse operations in agriculture, food, finance, and industry generated $114.6 billion in sales in 2020. Martha MacMillan shares the same net worth of $1.4 billion with her relative, John MacMillan, as another heir to the Cargill fortune. The Cargill-MacMillan family collectively retains approximately 90% ownership of the company, receiving around 18% of net profits annually through dividends. Stanley Hubbard,the 92-year-old chairman and CEO of Hubbard Broadcasting,boasts a net worth of $1.8 billion. Hubbard Broadcasting, based in Minnesota, operates 13 TV stations and 57 radio stations across the nation. Hubbard has been involved in the family business since childhood, assuming leadership in 1983. Jeffrey Michael, 68, holds a net worth of $2.4 billion through his role as a founding investor and board member of the California-based technology firm, CorVel Corporation.Michael and his family control a 38% stake in CorVel through Michael’s holding company, Corstar Holdings. Glen taylor, an 84-year-old businessman, remains the wealthiest individual in Minnesota, with a net worth of $2.9 billion.In 1975, Taylor acquired a wedding service business for $2 million, transforming it into Taylor Corporation, now a leading graphic communications company in the U.S. with over $2 billion in sales. Taylor’s investments include stakes in the Timberwolves, the Lynx, and the United FC soccer team. Additionally, he owns farmland in Minnesota and Iowa, and in 2014, he purchased the minnesota Star Tribune for approximately $100 million. T. Denny Sanford, 89, is the wealthiest individual in South Dakota, with a fortune of $2.1 billion, according to Forbes. Although he resides in Sioux falls, Sanford spent his childhood in St. Paul and attended the University of Minnesota. Sanford is the owner of First Premier Bank and has publicly stated his intention to donate his wealth to charitable causes before his death. To date, he has contributed over $1 billion to Sanford Health, based in Sioux Falls. In 2016, he was honored with the Horatio Alger Award.4: Martha MacMillan
3: Stanley Hubbard
2: Jeffrey Michael
1: Glen taylor
The wealthiest person in South Dakota grew up in Minnesota
