Iowa, known for its sprawling farmlands and close-knit communities, is also home to some of the wealthiest individuals in the United States. These individuals have not only amassed great fortunes but have also contributed significantly to the state’s economy. Here, is a list of the top 10 richest people in Iowa, exploring their net worth, journeys, businesses, and how they’ve impacted the Hawkeye State.
1. Harry Stine
- Net Worth: $9 billion
- Industry: Agriculture
- Profile: Harry Stine, the founder of Stine Seed, is widely recognized as the richest person in Iowa. His company is a leader in the development and production of hybrid seeds, playing a crucial role in the global agriculture sector. Despite his wealth, Stine remains a humble figure, focusing on innovation and sustainability in farming.
2. John Pappajohn
- Net Worth: $1 billion
- Industry: Venture Capital
- Profile: John Pappajohn is a renowned entrepreneur and philanthropist. He has invested in over 100 startups and is a major contributor to the education and healthcare sectors in Iowa. Pappajohn’s philanthropic efforts have led to the establishment of various institutions, including the Pappajohn Business Building at the University of Iowa.
3. Dennis Albaugh
- Net Worth: $1.5 billion
- Industry: Agribusiness
- Profile: Dennis Albaugh made his fortune through Albaugh, Inc., a leading agricultural chemical company. Known for his love of classic cars, Albaugh has built a massive collection and often showcases them at events across the state. His contributions to Iowa’s agricultural industry are immeasurable.
4. Bruce Rastetter
- Net Worth: $700 million
- Industry: Agribusiness, Renewable Energy
- Profile: Bruce Rastetter is a key player in both the agricultural and renewable energy sectors. As the CEO of Summit Agricultural Group, he has been instrumental in promoting biofuels and sustainable farming practices. Rastetter is also a significant political donor and advocate for Iowa’s farming community.
5. Glen Taylor
- Net Worth: $2.5 billion
- Industry: Media, Printing
- Profile: Glen Taylor, originally from Iowa, is the owner of the Star Tribune and the Minnesota Timberwolves. His business ventures in printing and media have made him one of the wealthiest individuals in the Midwest. Taylor is also known for his philanthropic efforts, particularly in education.
6. Fred Hubbell
- Net Worth: $500 million
- Industry: Insurance, Investment
- Profile: Fred Hubbell hails from a prominent Iowa family and has made a name for himself in the insurance and investment sectors. He has served as the chairman of Younkers and was a Democratic candidate for governor. Hubbell’s commitment to public service and philanthropy is well recognized in Iowa.
7. Richard Jacobson
- Net Worth: $450 million
- Industry: Warehousing, Logistics
- Profile: Richard Jacobson founded Jacobson Companies, a warehousing and logistics firm that grew to become one of the largest in the country. His business acumen and leadership have left a lasting impact on the logistics industry in Iowa.
8. Michael J. Richards
- Net Worth: $300 million
- Industry: Health Care, Investments
- Profile: Michael J. Richards is a major figure in Iowa’s healthcare and investment sectors. He has held leadership positions in various health organizations and is known for his strategic investments in the state’s economy.
9. Diane Hendricks
- Net Worth: $10 billion
- Industry: Building Materials
- Profile: Diane Hendricks, though based primarily in Wisconsin, has significant business operations in Iowa. As the owner of ABC Supply, the largest wholesale distributor of roofing and siding materials in the U.S., her influence extends across the Midwest, including Iowa.
10. Russell Weiner
- Net Worth: $4 billion
- Industry: Beverage, Real Estate
- Profile: Russell Weiner, the founder of Rockstar Energy, has also invested in real estate across the U.S., including Iowa. Though his primary business operations are elsewhere, his investments in Iowa real estate make him a notable figure in the state’s economic landscape.
Conclusion
Iowa may be best known for its agriculture, but it’s also home to a diverse group of wealthy individuals who have made significant contributions to the state and beyond. From agribusiness to media and healthcare, these top 10 richest people in Iowa represent a wide array of industries, each playing a crucial role in shaping the state’s economy and future.
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Hello, my name is William Baker and I am a seasoned business strategist with over a decade of experience driving growth and profitability for organizations across diverse industries. I have in-depth knowledge of market analysis, financial modeling, and operational efficiency. I am passionate about helping businesses overcome challenges, seize opportunities, and achieve sustained success.
