Denny Sanford Net Worth is$1 Billion
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Profession: Businessperson
Date of Birth: Dec 23, 1935
T. Denny Sanford is a businessman and philanthropist out of South Dakota with a net worth of $1 billion. T. Denny Sanford is the richest person in South Dakota. His net worth was largely accumulated during his time as the owner of First Premier Bank and its subsidiary Premier Bankcard, both of which are listed among the biggest providers of credit cards in the world. Sanford is infamous in the business world for the credit cards issued by First Premier Bank and Premier Bankcard, which to this day carry the highest credit card fees in the country. Despite their low credit limits, these cards carried fees of $256 a year until federal law banned these types of fees in the credit card business. Now, they have a fee of 79.9% which still puts them at the very top of the list of highest credit card fees in the United States. Despite the predatory nature of the business which gave him his wealth, Sanford is known as a very generous philanthropist, having donated an estimated grand total of $500 million to various charitable organizations over the course of his career. The vast majority of these charitable donations have been geared toward organizations
Thomas Denny Sanford (born 23 December 1935 in Saint Paul) is a South Dakota businessman and philanthropist. He is currently the chairman and CEO of United National Corp.
Sanford made his fortune as the owner of First Premier Bank and Premier Bankcard, both among the nation's leading credit card providers. Sanford's net worth is roughly $1.0 billion, and he is ranked as #701 in Forbes list of richest people in the world. Until prevented by federal law, the credit cards from banks controlled by Sanford charged $256 in fees per year for a card with a $250 credit limit. In response to the law banning such fees, the bank now issues cards carrying an interest rate of 79.9%, the nation's highest, on a card with a $300 limit. Sanford and his business entities have a history of violations of Federal rules of banking practice.
Sanford has been as generous in his philanthropy as he has been successful in his business ventures. BusinessWeek magazine listed him as one of the top 50 most generous philanthropists in November, 2006.
On Saturday, February 3, 2007, Sanford announced a $400 million gift to Sioux Valley Hospitals and Health System, which renamed itself Sanford Health. Sanford's total philanthropic gifts have exceeded $500 million, and are generally geared toward improving the quality of life for children. Others receiving significant gifts include:
T. Denny graduated from the University of Minnesota in 1958 with a degree in psychology. In 2003 Sanford and the University of Minnesota announced that Sanford would donate $35 million towards a proposed new football stadium for the Minnesota Gophers football team; a deal which would have given him full naming rights. However, that deal fell through in late 2003 when the two parties were unable to reach an agreement on terms of the funding. Later in 2005, TCF Bank won the bid to receive naming rights for the new stadium.
On May 21, 2009, the University of Minnesota accepted a $6 million donation to name the

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Denny Sanford Latest News

Denny Sanford Gives $100 Million to National University for ‘Life-Transforming’ Teacher Training

Denny Sanford (let) and Michael Cunningham with the ceremonial check for $100 million. Courtesy National University System San Diego philanthropist T. Denny Sanford on Tuesday donated $100 million to the private, nonprofit National University System to ...
Posted: June 5, 2018, 1:37 pm

South Dakota Billionaire’s $100 Million Gift for Harmony

South Dakota banker and philanthropist T. Denny Sanford has given away more than $1 billion of his fortune so far, and he’s not slowing down. His most recently announced gift of $100 million will go to the San Diego-based National University System to ...
Posted: June 7, 2018, 7:38 am

Covert Elementary School showcases social and emotional learning

If they don’t work, you can just keep on trying again and again until you solve it.” Thomas Denny Sanford, 82, a billionaire philanthropist, sat next to Goodman, smiling at the students, who sat cross-legged around a colorful rug depicting a map of the ...
Posted: June 13, 2018, 9:00 pm
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