richest030708

On the homepage

Local

Tax evader seeks house arrest, not prison

Out There

Business

Mall, teen store sales decline

Vita.mn

Farm school: Local organic farming

Home | Business

Pohlad richest owner in baseball, Forbes list shows

By PAUL WALSH, Star Tribune

Last update: March 6, 2008 - 11:38 AM

Print this story

Minnesota business by the numbers

See Minnesota's top earning companies, CEOs and non-profits

poll: Do you personally know any of the billionaires?

Home foreclosures hit record high

Oil prices down slightly near $105

More from Business

Several Minnesotans are sprinkled throughout the newest Forbes magazine list of the world's richest people -- and one of them is Carl Pohlad, the wealthiest among Major League Baseball's team owners.

Four MacMillans -- Whitney, Marion, Cargill and John -- sit tied for 236th with $4.4 billion each. Their wealth is from inheritance. Next is Richard Schulze of Best Buy. He's at No. 296 with $3.6 billion.

After that it's Pohlad (358th, $3.1 billion), whose pockets are the deepest of any team owner in baseball.

The New York Times in November made note of Pohlad at the top of the baseball ownership heap. At that time, the Twins had lost center fielder Torii Hunter to a more lucrative California Angels contract and would later see pitching ace Johan Santana go to the New York Mets deal for a richer deal.

Among Pohlad's peers on Forbes' global billionaire list are John Malone (Braves, tied for 553rd, $2.2 billion), Mike Ilitch (Tigers, 743rd, $1.6 billion), and Tom Hicks (Rangers) and George Steinbrenner (Yankees, tied for 897th, $1.3 billion).

As for the rest in Minnesota:

Timberwolves owner Glen Taylor (428th, $2.7 billion); businesswoman Marilyn Carlson Nelson and family (553rd, $2.2 billion); DirectTV's Stanley Hubbard (743rd, $1.6 billion); businesswoman Barbara Carlson Gage and family (553rd, $2.2 billion), and publishing executive Dwight Opperman (1,014th, $1.1 billion).

At the top sits Berkshire Hathaway Inc. Chairman Warren Buffett at $62 billion.

Bill Gates saw his fortune rise to $58 billion. The Microsoft chairman fell to third on the list behind Mexican telecommunications mogul Carlos Slim, who has an estimated net worth of $60 billion.

The youngest member of the billionaire club is Facebook founder Mark Zuckerberg, 23, at 785th with $1.5 billion.

Wire services contributed to this report.

Comment on this story | Read all 62 comments | Hide reader comments

Blog: Patent Pending

Bits of other stuff

AbbeyMoor Medical of Parkers Prairie has received pre-market approval from the Food and Drug Administration to sell “The Spanner,” a stent that treats men suffering from urinary problems because of a blocked prostate. Catchy name for a stent. Very vivid imagery. TST Media, a Minneapolis-based software company that specializes in Websites for amateur sport teams, said it [...]