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Grizzly Bulls’ Billionaires Index

⬅ # 674 Marianne Liebmann|# 676 Thomas Straumann ➡

# 675 Austen Cargill II 

$4.66B

Real Time Net Worth
as of 7/2/2024

# 675 Austen Cargill II 

$4.66B

Real Time Net Worth
as of 7/2/2024
OccupationPartial Owner, Cargill
Source of WealthCargill
Age73
ResidenceLivingston, Montana
Marital StatusDivorced
Children2
EducationDoctorate, Oregon State University; BS, University of Minnesota; MS, University of Minnesota
Age-Adjusted Net Worth$1.94B
Austen Cargill II
Austen Cargill II
United States
Net worth: $4.66B

Self-Made Score 

Biography

Overview

Austen Stowell Cargill II was born in 1951, as the great-grandson of William Wallace Cargill, the founder of Cargill.
He earned bachelor's and master's degrees from the University of Minnesota before obtaining a doctorate from Oregon State University.
Before joining Cargill's executive ranks, he worked as a marine biologist for the company.
Austen joined Cargill's board of directors in 1995 and later served as a vice president until his retirement in 2001.
He was a board member of GalaGen, a NASDAQ-traded company focused on dietary supplements, from 1999 to 2002.
In 2001, Austen purchased the North Ranch in Paradise Valley, Montana, formerly owned by the Church Universal and Triumphant.

Career Highlights

Began his career at Cargill as a marine biologist and later ascended to a vice president role.
Served on the board of GalaGen, a company specializing in dietary supplements, from 1999 to 2002.
Acquired the North Ranch in Paradise Valley, Montana, in 2001.

Personal Life

Resides in Livingston, Montana.
Enjoys ruffed grouse hunting in South Dakota.
Divorced with two children.

Cargill Family Business

Founded in 1865 by William Wallace Cargill, with a single grain warehouse in Iowa.
Cargill is the largest privately held company in the United States with revenues of $165 billion in 2022.
The family still owns over 90% of Cargill, which reported $177 billion in sales in 2023 across various sectors including food, agriculture, finance, and industry.
Cargill is involved in trading, purchasing, and distributing grain and other agricultural commodities, energy, steel, transport, raising livestock, and food production.
The company also operates in financial services, managing risks in commodity markets.
Cargill employs over 160,000 people in 66 countries and is a significant player in US grain exports and the domestic meat market.

How long would it take you to become as rich as Austen Cargill II?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Austen Cargill II's net worth of $4.66B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.24% compared to 16.19% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Austen Cargill II is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Austen Cargill II, Cargill is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey