Cargill family
Encyclopedia
The Cargill family is one of the richest families in the world, holders of Cargill
, the largest privately-held corporation in the United States
. This secretive family are the descendents of William W. Cargill, who started the company in Iowa
after the Civil War
.
The Cargill family owns 90% of the family business. The exact wealth of the family is unknown, because, as Cargill company is privately owned, they are under no obligation to disclose their wealth.
Two branches of the Cargill family exist. Following the death of William W. Cargill's, his son-in-law, John MacMillan, saved the company from a debt crisis. The MacMillans are estimated by Forbes, to be worth $1.2 billion each. The wealth of James Cargill and Margaret Cargill were estimated to be $1.8 billion each. In 2006, W. Duncan MacMillan, James Cargill, and Margaret Cargill all died.
Cargill
Cargill, Incorporated is a privately held, multinational corporation based in Minnetonka, Minnesota. Founded in 1865, it is now the largest privately held corporation in the United States in terms of revenue. If it were a public company, it would rank, as of 2011, number 13 on the Fortune 500,...
, the largest privately-held corporation in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. This secretive family are the descendents of William W. Cargill, who started the company in Iowa
Iowa
Iowa is a state located in the Midwestern United States, an area often referred to as the "American Heartland". It derives its name from the Ioway people, one of the many American Indian tribes that occupied the state at the time of European exploration. Iowa was a part of the French colony of New...
after the Civil War
American Civil War
The American Civil War was a civil war fought in the United States of America. In response to the election of Abraham Lincoln as President of the United States, 11 southern slave states declared their secession from the United States and formed the Confederate States of America ; the other 25...
.
The Cargill family owns 90% of the family business. The exact wealth of the family is unknown, because, as Cargill company is privately owned, they are under no obligation to disclose their wealth.
Two branches of the Cargill family exist. Following the death of William W. Cargill's, his son-in-law, John MacMillan, saved the company from a debt crisis. The MacMillans are estimated by Forbes, to be worth $1.2 billion each. The wealth of James Cargill and Margaret Cargill were estimated to be $1.8 billion each. In 2006, W. Duncan MacMillan, James Cargill, and Margaret Cargill all died.
Family members
Some of the family members include:- Cargill MacMillan, Jr., had an estimated net worth of $4.3 billion. He was born in Hennepin County, Minnesota 29 March 1927. He is married with four children. MacMillan died on November 14, 2011.
- Whitney MacMillanWhitney MacMillanWhitney MacMillan born 25 September 1929 in Hennepin County, Minnesota and attended Yale University. He led the private corporation Cargill from 1976 through 1995. During 10 years of that period he saw the business grow from $10 billion to $33 billion via diversification...
has an estimated net worth of $4.3 billion and led the company from 1976 to 1995.
- Marion MacMillan Pictet, has an estimated net worth of $4.3 billion.
- Pauline MacMillan Keinath, has an estimated net worth of $4.3 billion. She was born 31 July 1934 in Hennepin County, Minnesota.
- James R. Cargill, II, has an estimated net worth of $1.6 billion. His hometown is Birchwood, Wisconsin.
- Mary Janet Morse Cargill, has an estimated net worth of $1.6 billion. She lives in Minneapolis, Minnesota. Her hometown is Minneapolis, Minnesota. She is widowed, and has three children.
- Marianne Cargill Liebmann, has an estimated net worth of $1.6 billion. She studied at Montana State University, where she received a Bachelor of Arts.
- Austen S. Cargill, II, has an estimated net worth of $1.7 billion. He is married with two children. He attended Oregon State University and University of Minnesota. He lives in Livingston, Montana.
- Margaret Anne CargillMargaret Anne CargillMargaret Anne Cargill was an American philanthropist and heiress to part of the Cargill fortune. She gave away more than $200 million anonymously.-History:...
(September 24, 1920 - August 1, 2006), was a philanthropist.