Austen Cargill Ii Net Worth is$1.6 Billion
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Austen Cargill II net worth: Austen Cargill II is one of the seven members of the wealthy Cargill/MacMillan family and has an estimated net worth of $1.6 billion dollars which makes him one of the richest people in Montana. He earned both his B.A. and his M.S. from the University of Minnesota, and then went on to earn a Doctorate from Oregon State University. He is one of the heirs to the Cargill, Inc. fortune. Cargill, Inc., was founded by William Cargill in 1865, and was originally focused on grain storage. The company has since grown to included everything related to food production, from animal feed, to food transport, and the Cargill family has become one of the richest in the world. The exact amount of wealth the family has amassed to this point is unknown, as Cargill, Inc. is a privately owned company, the largest in the United States, and the owners of privately owned firms are not required to report their personal wealth. Austen Cargill II currently lives in Livingston, Montana and has two children.
Cargill, Incorporated is an American privately held, multinational corporation based in Minnetonka, Minnesota. Founded in 1865, it is now the largest privately held corporation in the United States in terms of revenue. If it were a public company, it would rank, as of 2011, number 13 on the Fortune 500, behind AT&T and ahead of JP Morgan Chase. Some of Cargill's major businesses are trading, purchasing and distributing grain and other agricultural commodities, such as palm oil; trading in energy, steel and transport; the manufacture of livestock and feed; producing food ingredients such as starch and glucose syrup, vegetable oils and fats for application in processed foods and industrial use. Cargill also operates a large financial services arm, which manages financial risks in the commodity markets for the company. In 2003, it split off a portion of its financial operations into a hedge fund called Black River Asset Management, with about $10 billion of assets and liabilities. It owned 2/3 of the shares of The Mosaic Company (sold off in 2011), one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients.
Cargill declared revenues of $116.6 billion and earnings of $3.33 billion in the 2009 fiscal year. Employing over 140,000 employees in 66 countries, it is responsible for 25% of all United States grain exports. The company also supplies about 22% of the US domestic meat market, exporting more product from Argentina than any other company and is the largest poultry producer in Thailand. All of the eggs used in McDonald's restaurants in the US pass through Cargill's plants. It is the only producer of Alberger process salt in the US, which is highly prized in the fast-food and prepared food industries.
Cargill remains a family-owned business, as descendants of the founder (from the Cargill and MacMillan families) own over 85% of the company. As a result, most of its growth has been due to reinvestment of the company's o

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