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Grizzly Bulls’ Billionaires Index

⬅ # 196 Sunil Mittal|# 198 Kwong Siu-hing ➡

# 197 Harry Stine 

$11.1B

Real Time Net Worth
as of 7/25/2024

# 197 Harry Stine 

$11.1B

Real Time Net Worth
as of 7/25/2024
OccupationFounder and CEO, Stine Seed
Source of WealthAgriculture
Age82
ResidenceAdel, Iowa
Marital StatusMarried
Children4
Age-Adjusted Net Worth$2.50B
Harry Stine
Harry Stine
United States
Net worth: $11.1B

Self-Made Score 

Wealth History

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Biography

Overview

Harry H. Stine was born in 1941 or 1942 in Dallas County, Iowa, USA.
He is the son of Bill and Roselba Stine, descendants of William and Sarah Stine who arrived in Adel, Iowa, in 1871 and established a farm.
In 1934, his parents moved to a 200-acre farm, laying the foundation for what would become Stine Seed Farm in the 1950s.
Raised in Iowa, Harry Stine graduated from Central Dallas High School and later attended McPherson College in Kansas.
In 1964, he joined his father's soybean cleaning business in Adel, Iowa, marking the beginning of his career in agriculture.
Despite facing challenges such as dyslexia and autism, Stine's mathematical prowess and negotiation skills have contributed to his success as a businessman.

Early Ventures in Agriculture

Harry's interest in seed breeding and research was sparked when he discovered unique soybean plants in the company's fields, recognizing the potential for breeding higher-yielding varieties.
He co-founded Improved Variety Research (IVR) in the 1960s, the first private soybean research and development company in the US.
IVR transitioned into Midwest Oilseeds in 1973, which remains a prominent soybean genetics licensing company.
In the early 1980s, Stine established Eden Enterprises, focusing on corn breeding and genetics.
Harry Stine launched retail soybean seed sales under his own label, Stine Soybean Seeds, in 1979, expanding to corn and soft red winter wheat sales under the Stine brand in 1992.

Professional Achievements

Stine's ventures revolutionized the seed industry, making him a prominent figure in agricultural innovation and entrepreneurship.
He is known for his expertise in seed genetics, which has led to lucrative licensing deals with multinational corporations like Monsanto and Syngenta.
Harry Stine is a member of esteemed organizations such as the American Society of Agronomy and the American Seed Trade Association.

Philanthropic Activities

He has also been actively involved in philanthropy, donating to various Iowa institutions including McPherson College, Drake University, and Spurgeon Manor.

How long would it take you to become as rich as Harry Stine?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Harry Stine's net worth of $11.1B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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Harry Stine 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 Harry Stine, Agriculture 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