Kroenke leads list of 6 local billionaires in Forbes ranking

Six billionaires from Missouri and the greater Kansas City area made the annual Forbes billionaires list released Monday.

Sports and real estate tycoon Stan Kroenke leads the local contingent with a net worth of $7.5 billion. Kroenke’s fortune places him at No. 182 on the Forbes list.

Pauline MacMillan Keinath, believed to be the biggest individual shareholder of Cargill, follows Kroenke with a net worth of $6.8 billion, good for No. 202 on the Forbes list. Keinath inherited her stake in Cargill, the privately held food and agriculture conglomerate, as a member of the Cargill-MacMillan family.

Ann Walton Kroenke, Stan Kroenke’s wife and the daughter of Walmart co-founder Bud Walton, ranks No. 239, with a net worth $6 billion.

John Morris, the self-made billionaire owner of Bass Pro, is worth $4 billion, according to Forbes, placing him 441st on the list. Springfield-based Bass Pro had an estimated $4.5 billion in sales in 2015.

Min Kao, who co-founded Kansas City-area technology company Garmin, is worth $2.9 billion, tied for No. 693 on the list. Kao, an immigrant from Taiwan, moved to the U.S. in the 1970s, did research for NASA and the U.S. Army and in 1989 founded Garmin. The company now has a market valuation of almost $8.5 billion.

Rounding out the local contingent, Neal Patterson, co-founder of Cerner, the North Kansas City-based health care IT company, is estimated to be worth $1.5 billion, putting him at No. 1,376.

According to Forbes, Microsoft co-founder Bill Gates remains the richest person in the world with an estimated net worth of $86 billion, followed by Berkshire Hathaway chairman Warren Buffett, who is worth $75.6 billion. Amazon founder Jeff Bezos is close on Buffett’s heels at $72.8 billion and was the biggest billionaire gainer of the past year, with his net worth jumping by $27.6 billion.


Tags:, , , , , , , , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students