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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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Minnesota

Keeping the ‘Classic’ Minnesota Flag – Minnesota Senate Republicans

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Keeping the ‘Classic’ Minnesota Flag – Minnesota Senate Republicans


At Senator Westrom’s St. Paul office, visitors are greeted by the classic Minnesota state flag, which the DFL leaders should not have taken away from Minnesotans.

However, local communities have the authority to keep flying it, like many have done, and Senator Westrom encourages communities interested in keeping it to do so.



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Minnesota

Bygones: ‘Wets’ had their day in 1926 Minnesota primary

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Bygones: ‘Wets’ had their day in 1926 Minnesota primary


News-Tribune, June 22, 1926

More Duluthians cast votes in yesterday’s primary election than in any primary in the city’s history. Statewide, the “wets” had their day, with M.J. Maas of St. Paul, a “light wine and beer” candidate, appearing victorious in the 4th Congressional District, and W.A. Pittenger of Duluth, similarly regarded as a “wet,” taking a commanding lead in the 8th.

News-Tribune, June 22, 1956

Following the deaths of a pilot and eight civilians in a crash in a residential area near Wold Chamberlain Field in Minneapolis, Duluth Mayor Eugene Lambert filed a request with the U.S. Air Force and Navy that jet training operations be transferred to Duluth, where congestion is less of a problem.

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News-Tribune, June 22, 1976

Ralph Nader named Duluth environmentalist Arlene Lehto one of America’s five “unsung heroines” for her contributions to pollution abatement. Lehto in 1969 organized the Save Lake Superior Association to fight pollution in the lake.

News Tribune, June 22, 2006

Duluth City Councilor Russ Stewart will present an ordinance to the council that extends the city’s existing standards for adult bookstores to adult entertainment. The move would allow the 62-year-old Club Saratoga to continue operation in the face of a state law prohibiting strip clubs within 500 feet of a residence or within 2,800 feet of churches and schools.

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Barrett Chase has been web editor for the News Tribune since 2015. You can email him at bchase@duluthnews.com or call him at 218-723-5310.





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Over a dozen cases dropped against Minnesota protesters accused of assaulting federal agents during ICE operation

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Over a dozen cases dropped against Minnesota protesters accused of assaulting federal agents during ICE operation


Federal prosecutors are continuing to dismiss charges initially brought against people in Minnesota for allegedly assaulting federal officers during the winter. 

WCCO dug through court filings and identified at least 18 people whose cases are now dropped. A federal judge officially dismissed the charges for 15 of them; three are pending a judge’s approval after prosecutors filed motions to dismiss the charges. At least 17 cases are still pending, with judges denying defense dismissal motions in several of them. 

Richard Painter, a legal expert with the University of Minnesota and former chief White House ethics lawyer for President George W. Bush, said that it’s clear to him that federal prosecutors brought several cases forward without sufficient evidence. 

“It appears that the United States Attorney’s Office in Minnesota is bringing some weak cases against protestors,” Painter said, adding that he believes that there was pressure from the Trump administration to charge people. 

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According to court records, defense and government attorneys alike asked for case dismissals for a variety of reasons. 

Juan Carlos Rodriguez Romero was accused in December of ramming into ICE vehicles in St. Paul, prompting an ICE agent to fire his weapon, hitting no one. On June 8, United States Attorney Daniel Rosen signed off on a dismissal motion based in part because prosecutors “thoroughly reassessed the evidence” and concluded that they were not confident that they could obtain and sustain a conviction against Rodriguez Romero. 

In January, ICE leadership acknowledged that ICE agent Christian Castro may have lied under oath about what happened the night he shot Julio Cesar Sosa-Celis in north Minneapolis. This led to the assault charges against Sosa-Celis and another man being dropped; Castro is now facing charges in Hennepin County for the shooting and for falsely reporting a crime.

Just a week after that incident, federal officers said Paul Johnson violently resisted arrest in north Minneapolis. On Thursday, Rosen signed a motion to dismiss the charges against Johnson. The U.S. Attorney for the District of Minnesota acknowledged issues raised by Johnson and his legal team, including allegations that agents shackled him to a bed at HCMC without access to his phone for days. 

“Based on newly received discovery, the government intends to pursue an investigation into allegations raised in Mr. Johnson’s filings; therefore the interests of justice support dismissal of this case,” Rosen’s motion reads in Johnson’s case. 

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In the more than 30 cases WCCO reviewed, one name appeared across a variety of different cases. HSI Special Agent Richard Berger submitted sworn affidavits prompting probable cause for the arrest of Johnson and nine others, whose charges were ultimately dismissed. Berger submitted affidavits in at least 12 cases that are still ongoing. 

In a hearing in Gillian Etherington’s case in April, which is still ongoing, U.S. District Court Magistrate David Schultz said that he became “concerned with the veracity” of multiple affidavits related to federal officer assault cases that came from Berger. Schultz said that in multiple instances, Berger “did not have any personal knowledge of the events described in the affidavits that he has submitted to this court as sworn affidavits.”

A spokesperson for the Department of Homeland Security ignored questions from WCCO about whether there has been an internal review of incident reports or legal filings. The spokesperson instead provided a statement describing Johnson, who prosecutors are dropping the federal case against, as an “anti-ICE rioter.” 

U.S. prosecutors in Minnesota on Tuesday announced charges against 15 people they say conspired to “violently oppose immigration law enforcement,” though Rosen failed to describe a single example of injuries to federal agents when repeatedly questioned.

When asked what makes the latest slate of indictments different than other cases that have been dropped, Rosen said he doesn’t think any cases have “failed in any way.”

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“Read the indictment and you’ll understand the magnitude of this case,” Rosen said. “You watch how this case plays out, you watch how the evidence plays out and the evidence will prove it all out.”



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