What is James Cargill II's Net Worth?
James Cargill II is an influential American businessman, renowned for his impressive net worth of $3 billion. Born in Birchwood, Wisconsin, James Cargill II is a notable member of the Cargill Family, one of America's wealthiest but low-profile families. The Cargill Family are heirs to Cargill Inc, the largest privately held corporation in the United States.
The Cargill Legacy
Founded by William W. Cargill in Iowa during the late 1800s, the company initially specialized in grain storage. Over the years, the business diversified into multiple sectors, including food production, risk management, commodities trading, and cattle. This expansion has significantly augmented the company's value and the wealth of the Cargill family.
Leadership Through the Years
James Cargill II, the great-grandson of William W. Cargill, has upheld the family’s legacy. Until 1995, the company was always led by a family member as CEO. However, due to the aging and passing of family members, they eventually appointed a non-family CEO. Despite this, the Cargill family retains control of the company, holding 90% ownership.
Family Wealth
The actual wealth of the Cargill family remains a mystery, as the private status of the company exempts them from disclosing financial details by law. This privacy helps maintain their low profile while also adding to the intrigue surrounding their fortune.
