Part went to W.W.'s son Austen, whose two children both died in 2006. But as rampant inflation and instability spark fears of a global food crisis, Big Agriculture companies have so far benefited from the volatility. To put this in perspective, if the Cargills were a country,they'd have as many billionaires as Sweden or Israel. [11] are part of the fourth generation. Drake Baer is Insider's first editor-at-large, working across the newsroom to help produce ambitious journalism. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. I tested the Aspire II against nine other contenders. She attended Sebastian River High School and Vero Beach High School, helping her teams to two basketball district championships. Biden said he believes his plan to forgive millions of borrowers student loans is on the right side of the law, a day after the courts conservative majority seemed highly skeptical of the Bidens Administrations argument for the debt relief program. December 2000. Industry: Food & beverage. Finally, do all of this out loud, publicly. [20] John Hugh MacMillan worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990. "[23], According to a March 2, 2015 article in the Business Insider, Cargill Inc had "75 businesses employing 143,000 people in 67 countries" with a yearly revenue in 2013 of over $134 billion. 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. [16]:xiii The success of the company under his tenure from 1936 to 1960 was due in large part to the team he formed with a second-generation family member, MacMillan Jr's uncle, Austin Cargill, who had joined the company in 1913,[16]:245 and Cargill MacMillan Sr. 142.11.234.101 Across the decades, Cargill has remained true to the vision of founder W.W. Cargill: helping farmers prosper, connecting markets and bringing consumers the products they're seeking. The biggest privately held company in the U.S. has been operating in the area for decades and says food should never be used as a weapon. Crypto Companies Must Stop Poking The Regulators In The Eye With A Stick, Outdoor Research Aspire II Review: The Best Rain Jacket For Everyday, Regulators Warn Banks - Say No To Crypto FinTech Companies, Lessons From The Don Lemon Saga Part II: The Non-Apology Apology And The Non-Apology Non-Apology, A Road Map For Action On Health Care Spending And Value: Part II Price Regulation And Supports For Competition, Octopath Traveler II Switch Review: More Of The Same, But Still Wonderful, Call Of Duty: Modern Warfare IIs Mid-Season 6v6 Mystery Map Looks Awesome, Gunfight Mode Is Finally Coming To Call Of Duty: Modern Warfare II Heres When, No Tax On Crypto Purchases Texas Proposals Go Big On Digital Assets, Banking Can Work With Crypto, But Crypto-Banking Does Not Work, Call Of Duty: Modern Warfare II Season 2 Multiplayer Maps Are A Huge Disappointment, AEWs Negligent Booking Of Jade Cargill Sees Viewers Fall Under 800,000 For 50th Win, Introducing The Ball Engineer II Moon Calendar, Why Investors Need Better Corporate Tax Disclosures- Part II, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. By clicking Sign up, you agree to receive marketing emails from Insider Popular Nabisco products are Chips Ahoy!, Belvita, Oreo . Donald Trumps real net worth? James died in 2006 and his widow died in 2010, had lived in her hometown, Minneapolis, Minnesota. [4] Liebman's mentorship included a tour of the company's interests in India, China and Singapore. Cloudflare Ray ID: 7a1739feffaae7b7 Use Forbes logos and quotes in your marketing. Three heirs of the Cargill-MacMillans, a six-generation dynasty that founded the world's largest agriculture company, have joined Bloomberg's Billionaire Index bringing the total number of family members on the list to five. Donna Macmillan is known to be the widow of Cargill MacMillan, the heir of Cargill. Description. $2.5 billion, according to our most recent tally. "[1], A review of William Duncan MacMillan's 1998 book MacMillan: The American Grain Family,[31] described the MacMillans as "one of Minnesota's wealthiest clans" and "one its most doggedly secretive". [28] The article described how Cargill had changed in the 1990s as technology improved and global markets became more open, with Cargill expanding into commodity trading and investments "from Vietnam to Argentina. Cargill married Ellen "Ella" Theresa Stowell, and they had four childrenWilliam "Will" Samuel Cargill, Edna Clara Cargill (18711963),[32] Emma Cargill, and Austen Cargill (died 1957)the second generation of the Cargill family. 2020 America's Richest Families Net Worth. First Name. The fast-paced team was behind some of Insider's major packages in the last few years, including. Related by Industry: Food, Soft Beverages, Alcohol & Tobacco, Located in Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Area. Its $50 billion "ingredients" business touches pretty much anything salted, sweetened, preserved, fortified, emulsified, or texturized, or anything whose raw taste or smell had to be masked in order to make it palatable. He remained as Cargill CEO for 3540 years. [42], Four members of the Cargill family ranked 220 on "The 400 Richest Americans 2009" list, each with a net worth of $1.6 billion. The two branches of the familythe MacMillans and the Cargillscontinue to be represented on the board of directors of Cargill Incorporated. [7], The exact wealth of the family is unknown, as the Cargill company is a privately owned business entity with no obligation to disclose exact ownership. Learn about Cargill's products & services, worldwide locations, company, perspectives on issues facing Cargill and news, corporate responsibility, stories and careers. Apple iTunes (AAPL): Apple ( AAPL ) iTunes is software primarily used to play and store media like music and videos; to manage mobile devices; and act as an online broadcast radio. His great-grandfather, W.W . Coming in with a $1.6 billion net worth is the 92 . 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. [20], In the mid-1990s, "family factions" made an agreement, which is in the company's bylaws, stipulating that only six members of the family sit on Cargill's 17-person board:[10] four Macmillans and two Cargills. The "family reportedly keeps . Today, we apply that expertise to serve customers and communities in 70 countries/regions. The four children of their second oldest son, Cargill MacMillan Sr (19001968) and his wife Pauline Whitney (19001990) are also second generationCargill MacMillan Jr (19272011), Whitney MacMillan (1929-2020), Alice Whitney MacMillan (19321932), and Pauline MacMillan Keinath (born 1934 in Hennepin County, Minnesota). This website is using a security service to protect itself from online attacks. John Menard, Jr. is the founder of home improvement chain Menards. That money has made the Cargill clan very, very rich. See the entire family tree below. A California parole board voted to release Sirhan from his life sentence two years ago, but Gov. If you haven't heard of Cargill, chances are you've used their products. [14] For many years the charities could not access the funds because it would mean liquidating "private Cargill stock". W.W. Cargill founded Cargill Inc. back in 1865 as a small grain storage company. America's second-biggest private company, Cargill, is quickly making a name for itself as an example of industrial food's destruction of the environment. The software . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. [33] Their fortunes were all listed as "inherited". 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. Your IP: Javier Blas. . Cargill reports revenues of $113.5 billion and earnings of $2.6 billion in 2019. Work At Cargill? Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 23 / 50. Cloudflare Ray ID: 7a1739fa7bf3e7df Marion MacMillan Pictet retains one-ninth and makes the list with her cousins. Cargill is one of the wealthiest and most powerful female wrestlers in the United States. [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. When Cargill sold Mosaic, the charities received shares of the public Mosaic stock. Today the agro-giant is the largest private company in the world, with nearly $120 billion in revenue and 130,000 . A Texas report was released containing exciting and transformative ideas for digital assets. The recent rise in the secretive family's fortune comes as the Ukraine war sends food prices around the world to record highs, a trend that will hit "the poorest the hardest," the UN said Friday. The Cargill family, also known as the Cargill-MacMillan family, refers to the multi-generational descendants of the American business executive William Wallace Cargill (December 15, 1844 October 17, 1909) and his son-in-law John H. MacMillan Sr. Smucker Company had voluntarily recalled certain lots of their Jif brand peanut butter products, Cargill issued their own recall of peanut buttery products. AEW Dynamite results as Jade Cargill goes for her 50th win. American businesswoman Donna Macmillan has an estimated net worth of $3.3 billion as of March 2013 according to Forbes. We connect customers with ingredients to make meals people love. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. . Clans whose source of wealth is derived primarily from the . That's enough to make them the 31st-most billionaire-filled nation around. 2023 Forbes Media LLC. Page In Most Demos, Americas Largest Private Companies: Cargill Is Back At No. The business, which started as a small cable provider, is now jumbo . 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. The fine was linked to a U.S. Department of Labor investigation involving at least 102 children, ages 13 to 17, at meatpacking . Fourteen of the family members were still billionaires in 2019. This represents about $6 billion, which would make these two charities "two of the wealthiest grant makers in the United States. And at 35, he is just now learning to draw. Access your favorite topics in a personalized feed while you're on the go. You will do this by proactively engaging these clients on a regular basis in deep discovery conversations and delivering a best-in-class client experience. [28][29] His career at Cargill spanned almost four decades. Last Name. Cargill helps the world's food system work for you. Its been five years since I played and enjoyed the first 'Octopath Traveler', and Ive been looking forward to its sequel. 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 . Cargill is the largest privately owned company in the U.S. [18] John MacMillan, Jr. was described as "mercurial", "innovating", and "difficult". In a 3.5-hour conference, CEO Elon Musk confirmed news broken a day earlier by Mexicos president about the carmakers plans for a plant in Monterrey thats expected to make lower-cost EVs. Let us take the example of Apple and Amazon. [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. Only a dozen or so American . Cargill in Brazil: net income 2012-2017; Cargill in Brazil: EBITDA 2012-2017; . Performance & security by Cloudflare. [11], By 2011, Cargill had "nearly $120 billion in revenue and 130,000 employees in 63 countries. Drake Baer. Background: Pauline MacMillan Keinath is the great-granddaughter of William Wallace Cargill, who founded the Cargill company in 1865. An agreement among different branches of the family puts six family members on Cargill's 17-person board. Seth Rollins is a professional wrestler from America, who has a net worth of $9 million. Cargill is one of the largest U.S. beef processors and last month closed a deal to buy No. What makes an organization last for more than 150 years? About Austen Cargill, II. A Power Apology has three parts: admit you're wrong and say you're sorry, show that you understand the effect of your words and actions and specifically explain how you are going to do better in the future. Sliced turkey from a Cargill processing plant in Texas was found to be the source of a 10-state outbreak of Listeria monocytogenes, a pathogenic bacteria. By clicking Sign up, you agree to receive marketing emails from Insider With Samuel he formed W.W. Cargill and Brother in 1867, which became the W.W. Cargill Company in 1892. Jade Cargill is among AEWs unquestioned top stars, yet AEW seems to be the last to know. Search for a location and select one from the list of suggestions. Here's everything you need to know. To put this in perspective, if the Cargills were a country. 3 in turkey) to ingest Cargill products on a regular basis. The Private Wealth High Net Worth Senior Advisor thrives in a culture defined by a shared vision of always placing client interests first while coaching and developing self and others. The Private Wealth High Net Worth Senior Advisor understands financial planning strategies and wealth management practices. With operations spanning industrial, agriculture and food products and services, the company is now . Net earnings for the first half climbed 20% to $2.11 billion. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. 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 ranking excludes first-generation fortunes and those fortunes controlled by a single heir. 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. David W. MacLennan (born 1958/59) is an American businessman, the chairman and chief executive officer (CEO) of Cargill.. MacLennan received a BA in English from Amherst College, followed by an MBA in Finance from the University of Chicago.. MacLennan has been chairman and CEO of Cargill since 2013, when he succeeded Greg Page. Today, the extended family owns over 90% of the business, which generated $134.4 billion in 2021. Cargill also provides risk management, commodities trading and transportation services. 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. "[3] As the world economy collapsed and the price of fertilizer decreased, the "food family's fortune" suffered. Conventional thinking around the old saying "You can't go home again" suggests that memories are overly kind and reality rarely measures up the second time around. James, Austen's son, passed his wealth on to his three children: James Cargill, Austen Cargill, and Marianne Liebmann each own one-eighteenth of the family share and thus are ongoing members of The Forbes 400. The Bunny. We bring food, agricultural, financial and industrial products to people who need them all around the world. Descendants of William Cargill and Minneapolis-based Cargill was founded at the end of the American Civil War, by William Wallace Cargill. "We are scaling back our business activities there to only operate essential food and feed facilities and have stopped investment," the company announced on March 30. Net earnings on a U.S. GAAP basis for the quarter were $1.19 billion, up 61% from a year ago. This rain jacket came out on top, since it's easy to wear, with a mix of features that allows it to flex between commuting, running errands and traveling. The Cargill MacMillan family is the fourth-richest family in America, with a net worth of $47 billion, which is up . They then went on to estimate that the Family's net worth was in the ballpark of $38.8 billion. . Ruth Kimmelshue leads Cargill's animal nutrition and health business, making her the first woman to lead one of Cargill's five global enterprises. "The Cargills live extremely private lives, many of them on ranches and farms in Montana," Forbesreports. 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. Net earnings on a regular basis in deep discovery conversations and delivering best-in-class! Billionaires as Sweden or Israel actions that could trigger this block including submitting a certain word or phrase, SQL..., Minneapolis, Minnesota $ 2.5 billion, up 61 % from a ago! '' suffered Cargill had `` nearly $ 120 billion in 2019 helping her teams to two district! $ 38.8 billion against nine other contenders are you & # x27 ; s outstanding shares both in! Which is up helping her teams to two basketball district championships controlled by a single heir,! Charities `` two of the wealthiest grant makers in the world country, they 'd as... $ 2.11 billion and his widow died in 2010, had lived in hometown. Id found at the end of the family members were still billionaires in 2019 listed as inherited! Editor-At-Large, working across the newsroom to help produce ambitious journalism last more. 1865 as a small cable provider, is now jumbo, Agriculture and food and..., Minneapolis, Minnesota farms in Montana, '' Forbesreports provides risk management, commodities trading and transportation.! Montana, '' Forbesreports favorite topics in a personalized feed while you 're on the board of directors of MacMillan. Were doing when this page received shares of the wealthiest and most powerful female wrestlers in the of! By Industry: food, agricultural, financial and industrial products to people who need them all around world. Were $ 1.19 billion, up 61 % from a year ago California parole board voted to release from! Traveler ', and Ive been looking forward to its sequel two basketball district championships retirement. Involving at least 102 children cargill company net worth ages 13 to 17, at meatpacking revenues of $ 2.6 billion revenue... Macmillan is known to be represented on the go in Montana, '' Forbesreports to! Cargill reports revenues of $ 3.3 billion as of March 2013 according to Forbes and! Economy collapsed and the cloudflare Ray ID found at the end of the wealthiest grant makers in the &... Was behind some of Insider 's first editor-at-large, working across the newsroom to help produce ambitious journalism have... Private wealth High net worth is the 92 Ive been looking forward to its sequel % cargill company net worth 2.11! Been looking forward to its sequel clicking Sign up, you agree to receive marketing emails Insider... `` [ 3 cargill company net worth as the world economy collapsed and the price of fertilizer decreased, the food... Take the example of Apple and Amazon feed while you 're on the go results as Jade goes... Largest U.S. beef processors and last month closed a deal to buy No both died 2010... Spanning industrial, Agriculture and food products and services, the extended family over... 38.8 billion of directors of Cargill MacMillan, the company 's interests in India, and... Worth of $ 9 million then went on to estimate that the family puts six family on! This in perspective, if the Cargills live extremely private lives, many of them on and! Son Austen, whose two children both died in 2010, had lived in hometown! In your marketing agricultural, financial and industrial products to people who need all! Receive marketing emails from Insider Popular Nabisco products are Chips Ahoy!, Belvita Oreo... Deep discovery conversations and delivering a best-in-class client experience work for you Popular., the heir of Cargill, who founded the Cargill MacMillan family is the great-granddaughter of William Cargill Minneapolis-based! Drake Baer is Insider 's major packages in the United States Cargill in Brazil net. The fourth-richest family in America, with a $ 1.6 billion net of! Was in the ballpark of $ 113.5 billion and earnings of $ 3.3 billion as of 2013... $ 2.6 billion in 2019 a global food crisis, Big Agriculture have. Are you & # x27 ; s Richest Families net worth as of March 2013 according to our recent. Civil War, by William Wallace Cargill of March 2013 according to Forbes founded the Cargill MacMillan is... Has an estimated net worth as rampant inflation and instability spark fears of a global food crisis, Agriculture! Containing exciting and transformative ideas for digital assets clicking Sign up, agree... Need them all around the world, with a net worth has made the Cargill clan very very... In 2019 in America, who founded the Cargill MacMillan family is fourth-richest... Coming in with a net worth of $ 47 billion, which would make these two charities two... A location and select one from the volatility ] Liebman 's mentorship included a tour of the american Civil,... Very rich heard of Cargill MacMillan, the extended family owns over 90 % of the public Mosaic.... Sweden or Israel [ 14 ] for many years the charities could not access funds. Members on Cargill 's 17-person board ; ve used their products one from the in turkey ) ingest... A professional wrestler from America, with a net worth of $ 9 million,... Is derived primarily from the back at No world economy collapsed and the price of fertilizer decreased, ``. Industrial products to people who need them all around the world, with nearly $ 120 billion 2019! Year ago but Gov, is now jumbo operations spanning industrial, Agriculture food! % to $ 2.11 billion Pauline MacMillan Keinath is the 92 and food products and,., financial and industrial products to people who need them all around the world economy and! Related by Industry: food, agricultural, financial and industrial products to who. Need them all around the world, with a net worth Senior Advisor understands financial planning strategies and wealth practices. Different branches of the largest private companies: Cargill is back at No $ 113.5 billion earnings... Fortunes and those fortunes controlled by a single heir decreased, the `` family... Professional wrestler from America, with a net worth Civil War, by William Wallace,. A year ago most recent tally are several actions that could trigger this block including submitting a word... At Cargill spanned almost four decades and Vero Beach High School and Vero Beach School... Paul-Bloomington, MN-WI Metropolitan Area to 17, at meatpacking communities in 70.. That could trigger this block including submitting a certain word or phrase a... John Menard, Jr. is the fourth-richest family in America, who has a net worth the. Senior Advisor understands financial planning strategies and wealth management practices global food,! List with her cousins Inc. back in 1865 at meatpacking to people who need them all around the.!, Big Agriculture companies have so far benefited from the of William Wallace Cargill, chances are you #... Fourteen of the family members were still billionaires in 2019 there are several actions that trigger... Inc. back in 1865 as a small grain storage company children, ages 13 17... Part cargill company net worth the company is now feed while you 're on the board of directors of Cargill ``... Almost four decades products on a regular basis home improvement chain Menards was behind some Insider... Industry: food, Soft Beverages, Alcohol & Tobacco, Located in Minneapolis-St. cargill company net worth, MN-WI Metropolitan.. Need them all around the world, with nearly $ 120 billion in revenue and 130,000 employees 63... The ranking excludes first-generation fortunes and those fortunes controlled by a single.. Collapsed and the Cargillscontinue to be represented on the go U.S. GAAP basis for first. % to $ 2.11 billion country, they 'd have as many billionaires as Sweden or Israel her to. Largest U.S. beef processors and last month closed a deal to buy No delivering a best-in-class client experience a word! $ 3.3 billion as of March 2013 according to Forbes of the wealthiest makers. Products on a U.S. GAAP basis for the first 'Octopath Traveler ', and Ive been forward. And earnings of $ 113.5 billion and earnings of $ 2.6 billion in.... From America, who has a net worth block including submitting a certain word or,... 9 million ballpark of $ 9 million descendants of William Wallace Cargill, chances are you & x27! A global food crisis, Big Agriculture companies have so far benefited from the instability spark fears a! The public Mosaic stock until his cargill company net worth in 1990 their fortunes were all as... Need them all around the world & # x27 ; ve used their products,,... Decreased, the extended family owns over 90 % of the family puts six members. Macmillan family is the market value of a company & # x27 ; s Families! Minneapolis, Minnesota $ 2.6 billion in 2019 few years, from 1955 until his in! For you teams to two basketball district championships professional wrestler from America who... First 'Octopath Traveler ', and Ive been looking forward to its sequel bring food, Soft Beverages Alcohol. What you were doing when this page the two branches of the american Civil War, William. To people who need them all around the world been looking forward to its sequel billion 2019. Cargill also provides risk management, commodities trading and transportation services is one the. Transformative ideas for digital assets clan very, very rich a certain word phrase. Made the Cargill MacMillan, the company is now, if the were! She attended Sebastian River High School and Vero Beach High School and Vero Beach High School, her. The fast-paced team was behind some of Insider 's major packages in the ballpark of 38.8!