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Many with Minnesota ties make Forbes list of world’s richest people

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Many with Minnesota ties make Forbes list of world’s richest people


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  • While Elon Musk topped Forbes’ list of world’s richest people for 2026, several people with ties to Minnesota are also on the list.
  • They include Glen Taylor, founder of Taylor Corp., and T. Denny Sanford, owner of First Premier Bank.
  • 21 heirs of Cargill founder W.W. Cargill are also on the list of the world’s billionaires.

Several people with Minnesota ties are on Forbes’ latest listing of the world’s wealthiest people.

South African-born businessman and tech mogul Elon Musk is once again the richest man in the world, according to the magazine, which released its annual list of the world’s billionaires March 10.

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Glen Taylor, of Mankato, Minnesota, is at No. 1285 on the list with assets totaling $3.3 billion, Forbes said. Taylor, 84, grew up on a farm in southern Minnesota, went to Minnesota State University, and in 1975 bought a wedding service he had worked in during college for $2 million, according to the magazine. That wedding service became Taylor Corp., a printing service with current annual sales of more than $2 billion. He owns stakes in the NBA’s Timberwolves and WNBA’s Lynx as well as the Minnesota Star Tribune newspaper.

T. Denny Sanford, who grew up in the Twin Cities, went to the University of Minnesota and now lives in Sioux Falls, South Dakota, was at No. 1712 on the list with assets totaling $2.4 billion. Sanford, 90, owns First Premier Bank, which is one of the largest issuers of Mastercards. Sanford has said that he wants to die broke, and he has given more than $1 billion to Sanford Health, a group of 43 nonprofit hospitals formerly called the Sioux Valley Health System, according to Forbes.

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Also on the Forbes list are members of the Cargill family, which owns Cargill. The food and beverage company based in Wayzata, Minnesota, is the largest privately owned company in the country, and 21 heirs of founder W.W. Cargill are worth $1 billion or more, according to Forbes. The highest on the list is Pauline MacMillan Keinath, who landed at No. 361 with $9.5 billion in assets, according to Forbes. Keinath, 92, now lives in St. Louis.

There are a record 3,428 people worth $1 billion or more, an increase of 400 compared with last year. This year’s billionaire class is worth a combined record $20.1 trillion, $4 trillion more than last year’s total income.

Musk, CEO of Tesla and SpaceX, tops the list again this year, increasing his wealth from 2025 by an estimated $497 billion, roughly doubling his fortune and bringing it to a record $839 billion. The 54-year-old is more than three times richer than Google co-founders Larry Page and Sergey Brin, who Forbes lists as the second and third wealthiest people in the world, respectively.

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Here’s the top 50 wealthiest people on this year’s list.

Forbes’ 2026 top billionaires in the world

Forbes’ 2026 ranking of the richest people in the world was based on stock prices and exchange rates, as of March 1, according to the magazine.

Here’s a look at the top 50:

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Rank Name Net Worth Age Country Source
1 Elon Musk $839 billion 54 United States Tesla, SpaceX
2 Larry Page $257 billion 52 United States Google
3 Sergey Brin $237 billion 52 United States Google
4 Jeff Bezos $224 billion 62 United States Amazon
5 Mark Zuckerberg $222 billion 41 United States Facebook
6 Larry Ellison $190 billion 81 United States Oracle
7 Bernard Arnault & family $171 billion 77 France LVMH
8 Jensen Huang $154 billion 63 United States Semiconductors
9 Warren Buffett $149 billion 95 United States Berkshire Hathaway
10 Amancio Ortega $148 billion 89 Spain Zara
11 Rob Walton & family $146 billion 81 United States Walmart
12 Jim Walton & family $143 billion 77 United States Walmart
13 Michael Dell $141 billion 61 United States Dell Technologies
14 Alice Walton $134 B 76 United States Walmart
15 Steve Ballmer $126 B 69 United States Microsoft
16 Carlos Slim Helu & family $125 billion 86 Mexico Telecom
17 Changpeng Zhao $110 billion 49 Canada Cryptocurrency exchange
18 Michael Bloomberg $109 billion 84 United States Bloomberg LP
19 Bill Gates $108 billion 70 United States Microsoft
20 Francoise Bettencourt Meyers & family $100 billion 72 France L’Oréal
21 Mukesh Ambani $99.7 billion 68 India Diversified
22 Giancarlo Devasini $89.3 billion 61 Italy Cryptocurrency
23 Thomas Peterffy $82.9 billion 81 United States Discount brokerage
24 Julia Koch & family $81.2 billion 63 United States Koch, Inc.
25 Charles Koch & family $73.8 billion 90 United States Koch, Inc.
26 Zhang Yiming $69.3 billion 41 China TikTok
27 Zhong Shanshan $68.1 billion 71 China Beverages, pharmaceuticals
28 Jeff Yass $67.4 billion 67 United States Trading, investments
29 Dieter Schwarz $67.2 billion 86 Germany Retail
30 Germán Larrea Mota Velasco & family $67.1 billion 72 Mexico Mining
31 Gautam Adani $63.8 billion 63 India Infrastructure, commodities
32 Tadashi Yanai & family $61.8 billion 77 Japan Fashion retail
33 Ma Huateng $53.8 billion 54 China Online games
34 Robin Zeng $53.2 billion 57 Hong Kong Batteries
35 Iris Fontbona & family $52.6 billion 83 Chile Mining
36 Masayoshi Son $51.5 billion 68 Japan Telecom, Investments
37 Ken Griffin $49.8 billion 57 United States Hedge funds
38 Jacqueline Mars $49.1 billion 86 United States Candy, pet food
38 John Mars $49.1 billion 90 United States Candy, pet food
40 Lukas Walton $48.9 billion 39 United States Walmart
41 Giovanni Ferrero $48.8 billion 61 Italy Nutella, chocolates
42 Li Ka-shing $47 billion 97 Hong Kong Diversified
43 Mark Mateschitz $45.8 billion 33 Austria Red Bull
44 Gianluigi Aponte $44.5 billion 85 Switzerland Shipping
44 Rafaela Aponte-Diamant $44.5 billion 80 Switzerland Shipping
46 Andrea Pignataro $42.6 billion 55 Italy Financial software
47 Klaus-Michael Kuehne $41.9 billion 88 Germany Shipping
48 Thomas Frist, Jr. & family $41.1 billion 87 United States Hospitals
49 Alain Wertheimer $39.4 billion 77 France Chanel
49 Gerard Wertheimer $39.4 billion 75 France Chanel

To see the full list, go to https://www.forbes.com/billionaires/.

Gayle Eubank contributed to this story.

Kate Perez covers national trends and breaking news for USA TODAY. You can reach her at kperez@usatodayco.com or on X @katecperez_.



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Police seeking suspect in Eagan road rage shooting incident

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Police seeking suspect in Eagan road rage shooting incident



A road rage-related shooting caused a southern Twin Cities metro highway to shut down for several hours Saturday evening.

The Minnesota State Patrol and the Eagan Police Department responded to a report of a road rage incident on northbound Interstate 35E near Deerwood Drive around 5:16 p.m., according to Eagan police.

Police say one of the drivers fired multiple rounds at another vehicle. While no one was injured, the victim’s vehicle was struck by gunfire and sustained damage.

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Investigators are looking for a white 2010-2014 Ford F-150 with four doors, black door handles, gray rocker panels, a black tonneau cover and visible rust around the driver’s side rear wheel well/fender.

Eagan Police Department


The Eagan Police Department is seeking the public’s assistance in identifying the suspect vehicle and driver involved. Investigators are looking for a white 2010-2014 Ford F-150. The truck is described as having four doors, black door handles, gray rocker panels, a black tonneau cover and visible rust around the driver’s side rear wheel well/fender. The suspect is described as a White man with long, dark hair.

Anyone with information about the incident or the driver is asked to contact the Eagan Police Department tip line at 651-675-5799 or email the department at eaganpd@eaganmn.gov.

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I-35E reopened to traffic around 8:10 p.m. Saturday.



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Minnesota was center of immigration enforcement. Here’s how its playing out legally.

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Minnesota was center of immigration enforcement. Here’s how its playing out legally.


A Liberian immigrant who came to the United States in 2018 quickly found work as a Twin Cities caregiver for seniors and the disabled. In 2025, she applied for her U.S. citizenship while seeking a full or partial waiver of the $760 application fee. A citizenship test was scheduled for her, and then abruptly canceled.

Instead, on a Saturday morning last fall, two federal agents with U.S. Citizenship and Immigration Services — a man and a woman — knocked on her door.

“They said they had a few questions for me before my citizenship appointment could be set up,” said the woman, who asked that her name not be shared given her circumstances. “I was a little bit shaken because it was so confusing. They wanted to know how good I was in my neighborhood and in my job.”

She then saw the agents go door-to-door on her street asking if she had ever “caused trouble,” as a neighbor who vouched for her later informed her. Her boss later called her from work and said USCIS agents, a man and a woman, had stopped by with similar questions.

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The woman, who had shortened her work hours to care for her 6-year-old daughter, spent the next few weeks defending her decision to ask for financial assistance with the citizenship application.

“They kept on asking why I had applied for a fee waiver,” she recalled. “I explained and they still weren’t satisfied. They kept calling me and asking for more documentation to show that it was actually true that I can’t afford the fees. They were looking for pay stubs, proof of health insurance, year-end tax income.”

She went on to pass her citizenship test last March, months later than expected, and is preparing to be sworn in as a U.S. citizen, but the federal curb on fee waivers has since intensified.

On June 22, the U.S. Department of Homeland Security published a new proposal that would raise naturalization fees by 75% or more and eliminate fee waivers entirely.

For immigration advocates in the Twin Cities, the fee waiver issue is just the latest hurdle in the multi-faceted crackdown on immigration that has unfolded under the second Trump administration — a crackdown that has at times placed Minnesota at its epicenter.

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While publicly purporting to go after “the worst of the worst” criminal offenders, Washington has found myriad ways to deter refugees and other immigrants from arriving in the U.S. or to force them to leave, including blocking or delaying efforts by law-abiding refugees to obtain their permanent residency green cards or American citizenship.

Among refugees, “green cards for most people have stopped,” said Jane Graupman, executive director of the International Institute of Minnesota, which is based in St. Paul, in early June. “So have citizenship applications. They want everyone to be in legal status, but then they’re preventing that from happening. It’s not happening, that we’ve seen.”

13 new U.S. citizens, down from 400

A federal judge’s recent ruling in Dorcas International Institute of Rhode Island v. USCIS appears to have reopened the door, at least a crack, and more applications are flowing. Still, in the first six months of the year, the International Institute saw only 13 of its clients receive U.S. citizenship. In the same time period last year, the number was closer to 400.

As for green cards, which confer proof of permanent residency status, 800 of the institute’s refugee and asylee applicants are still awaiting a decision on their applications, with an average wait time of more than a year.

“Verifying identities and personal histories of all aliens seeking immigration benefits requires a rigorous process — one that prioritizes the safety of the American people by more thoroughly screening and vetting all aliens,” said a spokesperson for USCIS in an email response to a reporter’s inquiry. “The goal is not to approve more or deny more applications, but to reach the correct decision in each case to the maximum degree possible.”

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This past winter, Operation Metro Surge and Operation PARRIS (Post-Admission Refugee Reverification and Integrity Strengthening) brought thousands of armed federal agents from the Department of Homeland Security to the Twin Cities for door-to-door sweeps and warrantless arrests that detained an estimated 3,700 refugees.

In several high-profile cases, U.S. citizens with no criminal history were removed from their homes by Immigration and Customs Enforcement, and some green card holders who had committed crimes decades ago, as teens or young adults, have been deported.

“The polls show most Americans are against the government arresting people who have not committed a crime — and are doing a job, and showing up — and arresting them for no reason,” Graupman said.

Jane Graupman, right, executive director of the International Institute of Minnesota, thanks Abebe Dashew, employer coordinator for the organization, while at the Institute in St. Paul on Thursday, July 9, 2026. Immigration advocates in the Twin Cities face many hurdles in the multi-faceted crackdown on immigration that has unfolded under the second Trump administration — a crackdown that has at times placed Minnesota at its epicenter. In the first six months of the year, the International Institute saw only 13 of its clients receive U.S. citizenship. In the same time period last year, the number was closer to 400. (John Autey / Pioneer Press)

Operation PARRIS, in particular, targeted lawful refugees who were still in the pipeline to receive their green cards, which provide evidence of permanent residency. Many refugees were taken out of state to detention centers as far away as Texas, under the premise of needing to be re-interviewed by federal authorities, until federal judges based in Minnesota and Massachusetts issued preliminary injunctions putting the detentions of refugees who had not yet received their green cards on pause.

“Our federal judges really stepped up,” said E. Michelle Drake, an attorney with the Minneapolis firm of Berger Montague, who served as the lead attorney representing refugees in a class-action lawsuit against the Department of Homeland Security and ICE over Operation PARRIS. “The courts were overwhelmed. … We had human beings being snatched off the street in broad daylight.”

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E. Michelle Drake, an attorney with the Minneapolis firm of Berger Montague, who served as the lead attorney in the 2026 class-action lawsuit against the U.S. Department of Homeland Security and ICE over Operation PARRIS. (Courtesy of Berger Montague)
E. Michelle Drake, an attorney with the Minneapolis firm of Berger Montague, who served as the lead attorney in the 2026 class-action lawsuit against the U.S. Department of Homeland Security and ICE over Operation PARRIS. (Courtesy of Berger Montague)

Among Drake’s clients was a 17-year-old girl who had been detained overnight in a hotel room by federal agents on the way to school. Drake had never before met her in person, but on the day she was released, the teen requested Chick-fil-A and asked if it would be safe to join her classmates for a mock trial debate she had been practicing for that weekend.

‘Removing murderers’

Federal officials continue to maintain that the majority of the immigrants they’ve detained have documented criminal histories. The Transactional Records Access Clearinghouse, which tracks federal data, reports just the opposite — that 42,722 out of 60,311 detainees, or 71% held in ICE detention, have no criminal conviction according to data current as of April 4. Many of those convicted committed only minor offenses, including traffic violations.

“What makes someone a target of ICE is if they are in the U.S. illegally,” said a U.S. Department of Homeland Security spokesperson in an email. “America’s brave men and women are removing murderers, MS-13 gang members, pedophiles, rapists — truly the worst of the worst from America’s communities.”

“Nearly 70% of ICE arrests are of criminal illegal aliens who have been convicted or have pending charges,” the DHS spokesperson wrote. “This statistic doesn’t account for those wanted for violent crimes in their home country or another country, INTERPOL notices, human rights abusers, gang members, terrorists, etc. The list goes on.”

Despite the Minnesota and Massachusetts rulings, issued in February and March respectively, federal efforts to remove immigrants through legal means — such as by attempting to invalidate birthright citizenship, as well as removing temporary protected status for Venezuelans, Haitians and Syrians — have continued unabated.

“The new head of immigration services, Tom Homan, is saying they are following rules now, but also (White House Deputy Chief of Staff for Policy) Stephen Miller is finding other ways,” Graupman said. “He’s looking for any way he can to discourage people from coming here and to deport people who are here, and that takes a lot of government resources to do that.”

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Immigration advocates say there’s good reason for law-abiding immigrants to be nervous, though they’re still encouraging permanent residents to seek U.S. citizenship, which offers a number of benefits, from U.S.-issued passports and protection from deportation to automatic citizenship for their offspring under the age of 18.

“The reason it was important to me is because I feel it was the right thing to do,” said the Liberian woman who passed her citizenship test in March. “If I want to go to Africa, and visit a friend — ever since I’ve been here, I’ve never gone to Africa, just to be on the safe side. Everybody is not feeling safe.”

During Operation Metro Surge, the Twin Cities became ground zero in a national debate around not just illegal immigration, but immigration in general, including the rights of refugees, asylum seekers, guest workers and permanent residents, or green card holders. At least three legal efforts based in Minnesota and Massachusetts have played pivotal roles in slowing, though not necessarily stopping, widespread detentions and warrantless arrests.

Habeas corpus petitions

During Operation Metro Surge, a wide network of attorneys contributed their time — often, but not always, pro bono, or free of charge — to get immigrants who had been detained without criminal charges out of detention centers. Immigration judges were generally skeptical of federal arguments that refugees could be held indefinitely until their green cards were issued, though some judges allowed detentions through the conclusion of eligibility interviews.

Berger Montague filed over 40 habeas corpus petitions and won most of them. Attorneys with the Minnesota Habeas Project, a collective of nonprofit legal service providers, law school clinics and pro bono law firms, filed additional cases. DHS continues to maintain that “pending applications do not confer legal status” and the detainment of refugees who are in the pipeline for green cards is lawful.

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U.H.A. et al v. Bondi

A Jan. 24 class-action lawsuit filed on behalf of Minnesota-based refugees by the Advocates for Human Rights, the International Refugee Assistance Project and Berger Montague sought to halt the door-to-door detention of refugees under Operation PARRIS.

On Jan. 28, Senior U.S. District Judge John Tunheim, based in Minneapolis, issued a temporary restraining order pausing the house-to-house arrests in Minnesota, and ordered the return of refugees who had been taken out of state. His order only applied to Minnesota refugees.

Tunheim extended his time-limited temporary restraining order on Feb. 9 and expanded it into a preliminary injunction on Feb. 27, where he noted the irony of arresting recent immigrants for failing to obtain a green card they were prohibited by law from applying for until one year after their arrival.

“The Court will not allow federal authorities to use a new and erroneous statutory interpretation to terrorize refugees who immigrated to this country under the promise that they would be welcomed and allowed to live in peace, far from the persecution they fled,” he wrote.

Rather than abandon the operation, the Department of Homeland Security soon changed tactics and began issuing letters alerting refugees in Minnesota that they had anywhere from a day to a week to obtain legal counsel before their re-vetting interviews.

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“This is yet another lawless and activist order from the federal judiciary who continues to undermine our immigration laws,” said a USCIS spokesperson by email. “We look forward to being vindicated in court. American citizens and the rule of law come first, always.”

Jean A. v. Noem

On Feb. 27, the International Refugee Assistance Project and the nonprofit Democracy Forward filed another lawsuit against warrantless arrests of refugees in the U.S. District Court of Massachusetts, this one challenging the practice nationally. The court order does not prevent DHS from issuing call-in letters forcing refugees to go through heightened scrutiny and re-interviews around their refugee claim, according to the National Immigration Forum. As a result of the Massachusetts case, which remains open, the Minnesota plaintiffs agreed to dismiss the Minnesota case.

Other cases

Other recent cases have also informed the national debate around immigration. Among them:

DOJ subpoenas quashed: A federal judge ruled last month against a Trump administration effort to access Minnesota officials’ records as part of an investigation into whether they obstructed federal law enforcement during Operation Metro Surge. Chief U.S. District Judge for Minnesota Patrick Schiltz quashed six grand jury subpoenas seeking records from Minnesota officials, including Gov. Tim Walz, St. Paul Mayor Kaohly Her and Minneapolis Mayor Jacob Frey. He said there was little evidence that any of the information was connected to a criminal investigation, and said the subpoenas instead were meant to “harass, coerce, and retaliate.”

Dorcas International Institute of Rhode Island, et al. v. USCIS: On June 5, a federal judge in Rhode Island vacated USCIS orders that paused the processing of asylum applications, work permits and green cards for applicants from 39 countries, most of them in Latin America, Asia and the Middle East, as well as the Palestinian Authority. The judge’s decision in the Dorcas case was finalized June 11. USCIS filed an appeal with the First Circuit Court of Appeals the next day, and the case remains open.

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250 runners take to the Minnewashta Mud Run

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250 runners take to the Minnewashta Mud Run


On a hot summer day, about 250 people decided that a sprint through the mud was the best way to spend time. 

That’s how many registered for the annual Minnewashta Mud Run on Saturday. Racers of all ages jumped in tubs of mud, made their way through various obstacles, and fired down a massive slip and slide powered by the Chanhassen Fire Department. 

Micah Ostergard, the Recreational Specialist with Carver County Parks, said it’s an event he looks forward to each year. 

“I think one of the great parts of being in this line of work for me is to see the joy that people have when they come out to an event like this,” Ostergard said. 

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The Mud Run, for now, helps to raise money for both Carver County Parks and the Minnetonka school system. Ostergard said that there are conversations in the works to transform it into a formal fundraiser to help underprivileged children access programs that may otherwise be too costly.

Either way, the focus was on fun and getting muddy on Saturday morning. That was 14-year-old Ingrid Boldischar’s goal when she convinced her family, including two younger brothers, to ender the Mud Run. 

“Everyone really likes getting dirty so, it’s just a fun thing!” Boldischar said. 

While she partook in the full course, which amounts to a 5-k for runners that go around twice, younger children enjoyed a smaller version of the run. That included Margot Bennett and Gus Youngstedt, two four-year-old best friends who arrived at the Mud Run on Saturday morning after throwing their first slumber-party together. 

Their parents, Annie Fagerlee and Dani Youngstedt, said they had a wonderful time on Saturday morning. 

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“It’s a designated spot for our kids to get as muddy and wet as possible that’s not in our house,” Fagerlee said. 

David Brandt, a Chanhassen firefighter, was happy to play his part manning the firehouse. He estimated they used up to three thousand gallons to keep the slip and slide going, providing relief from the heat. 

“We come out every summer, cool off the kids, give them some water,” Brandt said. 

While temperatures going above 90 on Saturday afternoon, parents and organizers alike were grateful that the outdoor Mud Run kicked off by about 8:30 in the morning.   

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