Saturday, October 27, 2012

Regional Rich Folk

Daily Finance has published a list of the richest citizens of each state. I found it interesting that South Dakota, a state that takes pride in its low wagers is home to rich citizen who has more wealth than the richest citizens of several neighboring states.

T. Denny Sanford, the richest person in South Dakota, is not in Warren Buffet's league. Buffet, of course, is Nebraska's richest resident with a net worth $49.6 billion. Sanford doesn't have the bankroll of Montana's Dennis Washington who is worth $5 billion. In Minnesota, Pauline MacMillian Keinath, a Cargill heiress, has a net worth of $3.7 billion, a total nearly three times greater than Sanford's wealth

Sanford does, however, should have enough money to hand out Halloween candy to everyone who rings his doorbell next Wednesday.

With a net worth of $1.3 billion, Sanford has substantially more wealth than Wyoming's John Martin. Martin, the CEO of Gilead Services has a net worth of $210 million. Sanford also has more wealth than North Dakota's Gary Tharaldson who is worth $900 million, and Iowa's Dennis Albaugh who is worth $1billion.

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