Whitney Macmillan Net Worth is$3.3 Billion
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Profession: Businessperson

Date of Birth: 1929

Country: United States of America

Net Worth: View Whitney MacMillan Net Worth

Whitney MacMillan net worth: Whitney MacMillan is an American businessman with a net worth of $3.3 billion. That net worth makes Whitney MacMillan the richest person in Minnesota. His substantial net worth should come as no surprise when you consider his background: He is a major heir to the famous Cargill fortune and is the last member of the family to serve as chief executive of the company. He held this position from the year 1976 on into 1995, when he stepped down in a concession to his advanced age. Born in 1929, he was 66 years old when he stepped down, leaving him plenty of time to enjoy his retirement. That enjoyment is made easier by the fact that as of only a few years ago his stake in the highly successful corporation was $3.3 billion! All that wealth wasn’t for nothing, though – during his time as Chief Executive Officer of the company, it grew from a $10 billion corporation to corporation worth upwards of $33 billion. He achieved this through diversifying the holdings and investments of the company, and through his vision Cargill ascended to the very top of the grain industry, and became the largest privately held corporation in the entire world. Needless to say, this also put Cargill ahead of its European competitors in the field of grain.
Whitney MacMillan born 25 September 1929 in Hennepin County, Minnesota is a major heir to the Cargill fortune and is the last family member to serve as chief executive, running the private corporation from 1976 through 1995. Whitney MacMillan is a descendant of Cargill founder William Cargill's son-in-law, John MacMillan, who took the reins himself in 1909. The Cargill and MacMillan families own 88% of the company; in 2008 his share was $7.0 billion.
MacMillan attended Yale University. During his 10 years as CEO, he saw the business grow from $10 billion to $33 billion via diversification. He eventually led Cargill to the top of the grain industry, beating out all of its European rivals and becoming the largest privately held company in the world.

Whitney Macmillan Latest News

14 Cargill heirs on Forbes’ list of billionaires, more than any family in world

Ranked 254th on Forbes’ list was Pauline MacMillan Keinath with a fortune of $5.8 billion, followed by her brother, Whitney MacMillan, at 341st with $4.7 billion. Whitney MacMillan, now in his late 80s, was the last Cargill or MacMillan descendant to run ...
Posted: March 3, 2015, 2:36 am

Billionaire's ranch with ties to Lewis and Clark for sale in Montana

Co-owned by billionaire and former Cargill Inc. Chief Executive Whitney MacMillan, the property known as PN Ranch occupies more than 40,000 acres north of Winifred, Mont., where the Judith and Missouri rivers intersect. The ranch, integrated within parts ...
Posted: July 26, 2014, 8:57 am

Cargill guards private life in 150th year

The last family member to serve as chief executive, Whitney MacMillan, retired in 1995, and only one family member works full-time at the company. As a private group, Cargill funds investments with cash and debt rather than issuing equity. This could limit ...
Posted: August 14, 2017, 1:52 pm

Marilyn Carlson Nelson and Barbara Carlson Gage are the richest Minnesotans

As it turns out, a fortunate birth is Minnesotans' best chance to get wealthy: The next-richest person in the state behind Nelson and Gage was Whitney MacMillan, heiress to the Cargill, Inc. food fortune. Work your way far enough down the list, and you'll ...
Posted: September 22, 2011, 7:48 am

Whitney MacMillan's Montana Cattle Ranch Listed for $18 Million

A Montana cattle ranch co-owned by billionaire Whitney MacMillan has been listed for $18 million. Mr. MacMillan is the former CEO and a member of the founding family of the agribusiness giant Cargill Inc. He owns the roughly 40,000-acre PN Ranch near ...
Posted: July 17, 2014, 5:14 pm
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