Denny Sanford Net Worth is$1 Billion
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Profession: Businessperson

Date of Birth: Dec 23, 1935
T. Denny Sanford is a businessman and philanthropist out of South Dakota with a net worth of $1 billion. T. Denny Sanford is the richest person in South Dakota. His net worth was largely accumulated during his time as the owner of First Premier Bank and its subsidiary Premier Bankcard, both of which are listed among the biggest providers of credit cards in the world. Sanford is infamous in the business world for the credit cards issued by First Premier Bank and Premier Bankcard, which to this day carry the highest credit card fees in the country. Despite their low credit limits, these cards carried fees of $256 a year until federal law banned these types of fees in the credit card business. Now, they have a fee of 79.9% which still puts them at the very top of the list of highest credit card fees in the United States. Despite the predatory nature of the business which gave him his wealth, Sanford is known as a very generous philanthropist, having donated an estimated grand total of $500 million to various charitable organizations over the course of his career. The vast majority of these charitable donations have been geared toward organizations
Thomas Denny Sanford (born 23 December 1935 in Saint Paul) is a South Dakota businessman and philanthropist. He is currently the chairman and CEO of United National Corp.
Sanford made his fortune as the owner of First Premier Bank and Premier Bankcard, both among the nation's leading credit card providers. Sanford's net worth is roughly $1.0 billion, and he is ranked as #701 in Forbes list of richest people in the world. Until prevented by federal law, the credit cards from banks controlled by Sanford charged $256 in fees per year for a card with a $250 credit limit. In response to the law banning such fees, the bank now issues cards carrying an interest rate of 79.9%, the nation's highest, on a card with a $300 limit. Sanford and his business entities have a history of violations of Federal rules of banking practice.
Sanford has been as generous in his philanthropy as he has been successful in his business ventures. BusinessWeek magazine listed him as one of the top 50 most generous philanthropists in November, 2006.
On Saturday, February 3, 2007, Sanford announced a $400 million gift to Sioux Valley Hospitals and Health System, which renamed itself Sanford Health. Sanford's total philanthropic gifts have exceeded $500 million, and are generally geared toward improving the quality of life for children. Others receiving significant gifts include:
T. Denny graduated from the University of Minnesota in 1958 with a degree in psychology. In 2003 Sanford and the University of Minnesota announced that Sanford would donate $35 million towards a proposed new football stadium for the Minnesota Gophers football team; a deal which would have given him full naming rights. However, that deal fell through in late 2003 when the two parties were unable to reach an agreement on terms of the funding. Later in 2005, TCF Bank won the bid to receive naming rights for the new stadium.
On May 21, 2009, the University of Minnesota accepted a $6 million donation to name the

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Denny Sanford Latest News

Daily News Roundup: Charities Continue Exodus From Trump’s Fla. Estate

Dakota State U. Receives $30 Million for Cybersecurity Program: The donation from philanthropist T. Denny Sanford; fellow banking executive Miles Beacom; and Mr. Beacom’s wife, Lisa, will be matched through state and federal funds, reports the Associated ...
Posted: August 21, 2017, 6:45 am

Cheap Shania Twain Tickets at Bell MTS Place, Xcel Energy Center, and Denny Sanford Premier Center

Shania Twain is hitting the road in 2018 and kicking it all off on May 3rd in Tacoma, WA. Shania Twain is out in support of her new album, Now. Shania Twain is known as the “Queen of Country Pop”. Her first three albums (Shania Twain, The Woman in Me ...
Posted: August 22, 2017, 9:48 pm

Video: Sanford, Beacom donate $30 million to Dakota State University

Video: Sanford, Beacom donate $30 million to Dakota State University Denny Sanford and Miles and Lisa Beacom donate $30 million to Dakota State University for a new cyber security building. Check out this story on argusleader.com: http://argusne.ws/2wwsMjR
Posted: August 21, 2017, 1:35 pm

Dakota State University receives $60M for cyber security program

The future was a big theme at Sunday’s celebration. Lisa and Miles Beacom and Denny Sanford were there to announce a $30 million donation at the same time Governor Dennis Daugaard and Senator Mike Rounds also announced a major investment in government ...
Posted: August 20, 2017, 1:00 am

Dakota State Receives $30 Million Gift for Cybersecurity Programs

South Dakota State University has announced a joint gift of $30 million from PREMIER Bankcard president and CEO Miles Beacom and his wife, Lisa, and Denny Sanford, owner of Sioux Falls-based First PREMIER Bank and PREMIER Bankcard. The gift will fund ...
Posted: August 21, 2017, 10:08 pm
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