Bloomberg Billionaires Index

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#493 Steven Bresky $3.92B

Random fact: Was named Seaboard CEO by his father, Harry, in 2006.

Overview

Bresky is the CEO and largest shareholder of Seaboard, a food and shipping conglomerate that had $5.4 billion of revenue in 2016. The Merriam, Kansas-based company produces turkey and pork products in the U.S., jalapenos in Honduras and sugar in Argentina, and also operates cargo ships and port facilities in Miami and Houston.

As of July 26, 2017:
Last change -$3.37M (-0.1%)
YTD change +$260M (+7.1%)
Industry Food & Beverage
Biggest asset SEB US Equity
Citizenship United States
Age 63
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Steven Bresky's net worth of $3.92B can buy ...

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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 U.S. existing home sales
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Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Bresky's fortune is derived from Seaboard, a publicly traded commodities conglomerate. His grandfather, Otto, started the business as a grain-milling operation in Kansas in 1918. He controls 78 percent of Seaboard directly and through two entities, Seaboard Flour and SFC Preferred. Bresky is the sole owner of both, according to regulatory filings. Excluded from his net worth calculation are 4,250 shares held in a family charity of which he is a co-trustee, according to the company's 2017 proxy statement.

The value of his cash investments is based on an analysis of dividends, taxes and market performance.

He declined to comment on his net worth, according to his assistant Amanda Doyle, in September 2016.

Biography

Birthdate:
Family: Unmarried, No children

The Massachusetts-based Bresky family has controlled Kansas-based Seaboard Corporation since Otto Bresky bought control of a flour mill in Atchison, Kansas, in 1918. Otto expanded the company's flour operations in the succeeding decades and, in 1959, merged with Hathaway Industries, turning Seaboard into a publicly traded company. Otto's son Harry took over in 1973, expanding the company into its first non-flour milling business, animal feed, with the 1978 purchase of an Ecuadoran company.

Harry's son Steven was working as a Seaboard executive by 2002, according to filings with the Securities and Exchange Commission. He became president and CEO of the company in 2006. Steven expanded the company into pork, turkey, biodiesel and rice in the 2000s, and built up Seaboard's commodities trading operations to a presence on five continents.

Bresky is said to be low-profile and has not given a public interview, according to March 15, 2012 Bloomberg News story. One person who claimed to know Bresky and asked not to be identified because the information is private said in 2012 that Bresky prefers to carry his own clubs while golfing and drives a decade-old Mercedes Benz around his hometown of Newton, Massachusetts.

Milestones
  • 1918 Otto Bresky founds Seaboard, acquiring a flour mill in Kansas.
  • 1959 Seaboard becomes publicly traded after merger with Hathaway Industries.
  • 1973 Otto Bresky retires, succeeded by son H. Harry Bresky, Steven's father.
  • 1983 Seaboard Marine formed to perform containerized shipping to U.S.
  • 1998 Buys interest in Bulgarian winery, Lesotho maize mill and Haiti flour mill.
  • 2005 Harry Bresky retires. Steven Bresky takes over as Seaboard CEO.
  • 2010 Seaboard buys half of Butterball, the largest U.S. turkey producer.
  • 2011 Seaboard Corporation is first listed on the Fortune 500 list.