Bloomberg Billionaires Index

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# James Cargill

Random fact: Wife Susan, a former Cargill employee, died at age 63 in April 2010.

Overview

Cargill is a director of Cargill Inc., the largest closely held company in the U.S. The Minnesota-based business produces agricultural and industrial products and services, and supplies food and beverage ingredients, meat, poultry and salt. He owns 7 percent of the business, which had sales of about $110 billion in the year to May 31, 2017.

As of Sept. 22, 2017:
Last change ()
YTD change ()
Industry Basic Materials
Biggest asset N/A
Citizenship United States
Age 67
Wealth Inherited
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Relative Value

James Cargill's net worth of can buy ...

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troy ounces of gold
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barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

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Biography

Birthdate: 4/1949
Family: Widowed, 2 children

James Cargill II was born in 1949, the oldest of three children of James Cargill and his wife Mary Janet. He's the great-grandson of William W. Cargill, the founder of Cargill Inc., who started the commodities business with one grain storage warehouse in Conover, Iowa, in 1865. His siblings are Marianne Liebmann and Austen Cargill II.

He led a group of younger members of the Cargill shareholding families in 1993 and 1994. Cargill advocated for more transparency in company operations and for higher dividend payments to shareholders in order to provide more liquid assets to members, according to a corporate history by Wayne G. Broehl. The billionaire and others said the company had allowed management to have too much control over corporate matters, according to Broehl.

He's a member of the Cargill board of directors, according to the company's most recent debt prospectus. His brother, Austen, and cousin, Whitney, have both served as executives at the family-owned business. His father died in 2006.

The billionaire also has been a board member of the Smithsonian Institute, and was a founding member of the National Air and Space Museum board. He's contributed to the Smithsonian's membership program since 1987, according to the institute's 2010 annual report.

Cargill lives in Birchwood, Wisconsin, and Boulder, Colorado, where he owns horses, according to Boulder County property records. He's widowed with two sons. His wife, Susan, a former Cargill employee, died at age 63 in April 2010.

Milestones
  • 1865 W.W. Cargill, son of Scottish sea captain, starts namesake company.
  • 1930 Cargill incorporates and takes up its current name.
  • 1949 James Cargill II is born, the oldest of three siblings.
  • 1953 Cargill establishes a separate company, TRADAX, to conduct business in Europe.
  • 1995 Cargill's earnings pass $1 billion for the first time in company history.
  • 2006 Inherits Cargill stake after father dies.
  • 2010 Wife Susan, a former Cargill employee, dies at age 63.
  • 2011 Cargill spins off Mosaic to fulfill Margaret Cargill bequest.