The company issued $2.25 million in Gold Notes, backed by Cargill stock, to pay off its creditors. Activist Group 'Names and Shames' Cargill and Its Heirs to Keep The Natures Bounty, a New York-based vitamin maker, was sold to Nestl in August 2021 for $5.75 billion. Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador,[69] Guatemala, Honduras, Nicaragua, Paraguay, Peru, Uruguay and Venezuela. At Cargill, everyone matters and everyone counts. Written by Drake Baer; edited by Libby Kane W. W. Cargill Cargill Cargill is the largest privately held company in the US . CARGILL ANNOUNCES ACQUISITION OF OWENSBORO GRAIN COMPANY - PR Newswire Inside the Cargill family - Creaghan McConnell Group [1] The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually. [18] He opened the company's first Canadian, European and Latin American offices in 1928, 1929, and 1930. Cargill family - Wikipedia [5], W. Duncan MacMillan, and James and Margaret Cargill died in 2006. [19]:249, Cargill MacMillan Jr. (19272011), Cargill MacMillan Sr.'s (19001968) oldest son and the great-grandson of W. W. Cargill, worked at Cargill for 38 years and retired in 1988. (19001968). He was also the architect of the company's strategy of internationalism. [33][39] Three of Cargill MacMillan Sr's four children Whitney MacMillan, Alice Whitney MacMillan, and Pauline MacMillan Keinath (born 1934 in Hennepin County, Minnesota),[33] were on "The 400 Richest Americans 2009" with a listed revenue of $4.3 billion each. Cacao, les enfants pris au pige", "Du cacao illgal dans le chocolat suisse", "Mars, Nestl and Hershey to face child slavery lawsuit in US", "The Curse of Cotton: Central Asia's Destructive Monoculture", "Community Solidarity with Poultry Workers call for changes at Cargill", "Nine protesters arrested outside Cargill in Dayton", "High River Cargill workers being neglected PPE equipment amid COVID-19 outbreak - 660 NEWS", "85% of workers afraid to return as Alberta meat plant preps to reopen after COVID-19 outbreak, union says - CBC News", "Divide and purchase. Three years later, the Minneapolis operation incorporated as Cargill Elevator Co.; some years after that the La Crosse operation incorporated as W. W. Cargill Company of La Crosse, Wisconsin. . New York state's $250 million fraud lawsuit against Donald Trump, his company and three of his children is still on track for a civil trial in October but now has one . The four children of their second oldest son, Cargill MacMillan Sr (19001968) and his wife Pauline Whitney (19001990) are also second generationCargill MacMillan Jr (19272011), Whitney MacMillan (1929-2020), Alice Whitney MacMillan (19321932), and Pauline MacMillan Keinath (born 1934 in Hennepin County, Minnesota). The commodities and ingredients business, which was 75% of Cargill's total revenue, suffered from the 1997 Asian Financial Crisis. Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Part went to W.W.'s son Austen, whose two children both died. In 2019, Cargill invested an additional $75 million. Upon Sam Cargill's death in 1903, William Cargill became the sole owner of the La Crosse office. Mary Janet Morse Cargill (85), who lived in Minneapolis, was the widow of James R. Cargill (19232006) of the second generation. In the decades before email, the company relied on its own telex-based system for internal communication. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Cargill is a privately-owned multinational corporation primarily involved in the agricultural, food, and industrial industries. 38, has been flirting with a public offering for years but cancelled plans for an IPO earlier this month. [11] Cargill Inc revenues remained at $117 billion. 65.109.20.147 To accomplish this, Cargill set up no fewer than 36 mailbox companies, which enabled it to exceed the legally prescribed maximum size of land ownership. 89 Source of Wealth Cargill Self-Made Score 1 Philanthropy Score 1 Residence St. Louis, Missouri Citizenship United States Marital Status Married Children 4 Related People & Companies Gwendolyn. [4][5][6] Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. [27] The division expanded into turkey, food service and food distribution businesses and is now known as Cargill Meat Solutions. The Cargill-MacMillans have consistently ranked among the 25 richest families in America, and are currently listed by Forbes as the nation's fourth-richest family, behind the Waltons, Kochs,. [4] Liebman's mentorship included a tour of the company's interests in India, China and Singapore. Cargill started doing business in Pakistan in 1984. [64] In the 1980s, Cargill sold hybrid safflower seeds extensively in Pakistan. [41][42], In 2016, Cargill completed the commissioning of a feed plant in Bathinda, Punjab, India, and manufactures dairy cattle feed under the Purina brand name. Together, they built grain flat houses and opened a lumberyard. [32] Edna and John H. MacMillan Sr had two sons and a daughterJohn H. MacMillan Jr, Cargill MacMillan Sr (19001968), and Emma Cargill married Fred M. Hanchette. and Glencore Agri, committed themselves to monitoring their soy supply chains in Brazil's Cerrado. Key Points. It was formed in April 2020 through the merger of Ultimate Software and Kronos Inc. Michaels Companies, the arts, crafts, and framing retailer, is back on our list, its third go around as a private company. Other familiar names at the top of the list include candy maker Mars at No. The 10 Best Double Strollers That Accommodate Growing Families, The Perfect Family Stay Is At The Andaz Maui, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The highest ranked newcomer is Uline at No. [19]:249 Starting in 1960, "family complexity" ceased to dominate and was "replaced by a generalized professionalism. Grocery store chain Brookshire Brothers, ranked No. In 1875, Cargill moved to La Crosse, Wisconsin, and their brother James joined the business. Instances of child trafficking from neighboring Burkina Faso were also reported. Newly formed Ultimate Kronos Group joins the list at No. The action you just performed triggered the security solution. This website is using a security service to protect itself from online attacks. Grain warehousing was a novel concept at the time. 4 Billionaire Cargill Heir Sisters Fall Off Forbes 400 2019 Poaching contributes to forest elephant declines in Cte dIvoire, new numbers reveal. . Netflix. The action you just performed triggered the security solution. [75], In 2005, the International Labor Rights Fund filed suit against Cargill, Nestl, and Archer Daniels Midland in federal court on behalf of children who said they were trafficked from Mali into Cte d'Ivoire and forced to work on cocoa bean plantations 12 to 14 hours a day with no pay, little food and sleep, and frequent physical abuse. [87], Cargill's grainwhich was dyed red and labeled with warnings in Spanish and English as well as a skull and crossbones design following a previous incident of mercury-treated seed being sold as food in Iraqi markets in 1960was distributed too late for much of the 1971 planting season, causing many farmers to sell their excess product in the public markets at very low prices; this attracted many poor Iraqis who either could not understand the warnings or disregarded them, causing thousands of cases of mercury poisoning. [1][41] In 2016 their revenue was estimated at USD$49 billion,[10] and $113.5 billion in 2019. By 2019, twenty-three Cargill-MacMillan family members owned 88% of the family company,[1] which reported $113.5 billion in revenue in 2019. Monkeys in a West African bushmeat market: implications for cercopithecid conservation in eastern Liberia. "[1], A review of William Duncan MacMillan's 1998 book MacMillan: The American Grain Family,[31] described the MacMillans as "one of Minnesota's wealthiest clans" and "one its most doggedly secretive". [14] By 1972, Gargills business grew with $5 billion in sales, becoming the largest agricultural trader in the world. and James Cargill, II., each with a net . As a private group, Cargill funds investments . Global Food, Agriculture, and Bioindustrial Specialists | Cargill There are approximately 90 family members that together own 88% of the company. He was also noted for his involvement in the controversial commercial rapprochement between the U.S. and the Soviet Union. Cargill's 155,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. He pursued a new strategy that shifted away from an asset-intensive commodities company to solutions-oriented enterprise. Census and Distribution of Chimpanzees in Cote DIvoire. When Cargill sold Mosaic, the charities received shares of the public Mosaic stock. It previously owned two-thirds 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. Renewable diesel production expanding thanks to Love's and Cargill A bulk tanker loads up at Cargill's soybean terminal in Santarem, Brazil in August 2015. . "[17] Cargill had 160,000 employees.[17]. [20] John Hugh MacMillan worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990. [33], Their oldest son, Cargill MacMillan Jr (born Hennepin County, Minnesota, March 29, 1927 November 14, 2011) and his wife had four children. The company also supplies about 22% of the US domestic meat market, importing more products from Argentina than any other company, and is the largest poultry producer in Thailand. MacMillan Jr, who was a "longtime" member of Cargill Inc board of directors, had "no day-to-day role in the company". Cargill: Business Model, SWOT Analysis & Competitors 2023 - GITNUX Furniture maker Haworth was affected by the downturn in the office furniture market and revenues fell by 19% to $1.8 billion in 2020. The remaining 10 percent was owned by Cargill employees. [citation needed], In February 2018, several employees of Cargill's Dayton, Virginia plant held protests. [11], By 2009, the family company, Cargill Inc controlled "food from stable to table" including "animal feed, meat, [and] crops" and operated "large commodity trading and risk management operations". Supplier Central Company Overview We bring food, agricultural, financial and industrial products to people who need them all around the world. [26] He is "generally credited with successfully running Cargill "when the company realized much of its growth. Click to reveal [24], When the Soviet Union entered the grain markets in the 1970s, demand grew to unprecedented levels, and Cargill benefitted. Click to reveal The Diamond Crystal Salt company began in 1886. [31], By 2002, Cargill had over $50 billion in annual sales, twice the amount of its closest rival, Archer Daniels Midland, and had 97,000 employees running more than 1,000 production sites in 59 countries. Brookshire Brothers is related to another company on the list, Brookshire Grocery, No. By the early 1990s, members of the Cargill and MacMillan families became upset that their shares in the company were yielding mediocre dividends. In March 2009, the Australian Quarantine and Inspection Service (AQIS) temporarily suspended Cargill Australia's license to export meat to Japan and the US after E. coli was detected in Cargill's export containers from its Wagga Wagga plant. [4], From 1999 until his retirement in 2007, a nonfamily member, American investor and businessman, Warren Staley, was CEO of Cargill, Inc. of Minneapolis, Minnesota. Today the company sells and markets food, trades commodities and provides financial risk management. Trump is heard acknowledging having highly confidential, secret documents in his possession in the tapes. The report accused Cargill of endangering the forest habitats of chimpanzees, elephants and other wildlife populations by purchasing cocoa linked to deforestation. [34], Cargill heiress Marion MacMillan Pictet (19322009) ranked #176 on Forbes list in 2010 with a net worth of $4.5 billion,[43][44][45] an increase over $4.3 in 2009. We combine 155 years of experience with . Welcome to Cargill! | Cargill Germany In July 2006, the federal prosecutor indicated they were close to shutting down the port. The joint venture is called Heartwell Renewables and will result in the construction of a new production plant and more than 50 jobs in Hastings, Nebraska. Marchesi, P., Marchesi, N., Fruth, B., and Boesch, C. , Bitty, A. E., Gonedele, S. B., Koffi Bene, J.C., Kouass, P.Q.I and McGraw, W. S. , United Food and Commercial Workers Canada, Australian Quarantine and Inspection Service, Centers for Disease Control and Prevention, "Cargill fiscal 2021 revenue rises to $134.4 billion", "Cargill family has 14 billionaires - Business Insider", "Cargill: Our Company - Our History - 1865 - 1899", "How Delaware Thrives as a Corporate Tax Haven", "Cargill on the Forbes America's Largest Private Companies List", "Fortune 500 2013 - Fortune on CNNMoney.com", "Cargill revenues jump 23% in fiscal 2022 | Baking Business", "Crop Giant Cargill Reports Biggest Profit in 156-Year History", "Cargill Decides to Demolish the Still Pond Mansion", "History in Venezuela | Cargill Venezuela", Cargill Acquires Cerestar Expanding Global Starch Share, At $471,611 an hour, Cargill posts fine quarter, "A Cargill scientist, and a spy for China", "Cargill building $100 million Indonesian cocoa plant", "Phaseout of Cargill's Black River Asset Management completed", "Cargill selects site for new Wichita headquarters", Cargill unveils plans for $60 million Protein Group headquarters, "Cargill and Faccenda unveil Avara Foods joint venture", "Cargill acquires Pro-Pet private label pet food maker", "La Coop completes revamped acquisition of Ontario Cargill assets", "Cargill makes $75 million investment in Puris, a key supplier to Beyond Meat", "COVID-19: Cargill Closes Pennsylvania Plant", "Cold, Crowded, Deadly: How U.S. Meat Plants Became a Virus Breeding Ground", "Cargill to temporarily idle Alberta beef plant as hundreds of workers infected by COVID-19", "Justin Trudeau warns beef prices could go up after Alberta plant closes due to COVID-19", "358 cases of COVID-19 now linked to Cargill meat plant", "Cargill meat-processing plant south of Montreal says 64 workers infected with COVID-19", "Coronavirus: What's happening in Canada and around the world Sunday", "Food inspectors could face sanctions if they refuse reassignment to COVID-19-infected meat plants, union told", "Alberta NDP, union call for Cargill plant to be shut down pending legal review after second COVID-19 death at facility", "Cargill halts public reporting of quarterly results", "Joe Stone elected to Cargill Board of Directors", "Wipro sells Sunflower Vanaspati brand to Cargill", "Cargill acquires Wipro's Sunflower Vanaspati in Rs 40-cr deal", "SECP turns down incorporation request of Cargill Holdings", "Cargill seeks out fertile ground in Asia frontier markets", "Cargill to grow Pakistan business with $200m investment", "Cargill Starts Shipping 2022 Harvest From War-Torn Ukraine", "Cargill invertir USD 50 millones en nueva planta de balanceado animal en Ecuador", "Diamond Crystal Is Here To Stay, But The Internet Is Salty About It", "Cargill Beef Returns to Sponsor Ricky Stenhouse Jr", "Company outed for fires in Indonesian palm lease still clearing forests in timber concession, NGO finds", "Agrarkonzern Cargill: "Das schlimmste Unternehmen der Welt", "Agricultural Commodity Traders in Switzerland", "Nestl, Cargill, Archer Daniels Midland lawsuit (re Cte d'Ivoire) | Business & Human Rights Resource Centre", "VIDEO. "[46], Margaret Anne Cargill, a fourth generation member of the Cargill family, who died in 2006, had bequeathed her shares of the "Minnesota-based food, agriculture and fertilizer conglomerate" Cargill Inc worth about $6 billion to two non-profitsthe Anne Ray Charitable Trust and the Margaret A. Cargill Foundation. "[15][11] W. W. Cargill, the "son of Scottish sea captain",[11] was twenty-one years old when he founded the company. [81] The protests led to nine people's arrest for trespassing on company property. The company was founded in 1865 when W.W. Cargill started a grain storage business in Conover, Iowa. It fell out of the rankings when list minimum was raised to revenues of $2 billion in 2009. [11][12], The family was also the majority owner of The Mosaic Company,[11] the largest producer of potash and phosphate fertilizer in the United States. Criticisms of Cargill - Wikipedia Boxed Beef The unscripted series features firefighters, helicopter pilots, and lifeguards battling raging brush fires, making mountain rescues, and conducting water saves. Related by financial asset: Cargill, Inc. Resides in Minneapolis-St. Paul, MN Metropolitan Area. Kexue Huang, a Chinese national, was discovered to be passing trade secrets back to China. [93], In 2003, Cargill completed a port for processing soya in Santarm in the Amazon region of Brazil, dramatically increasing soya production in the area and, according to Greenpeace, speeding up deforestation of local rain forest. [82], During the COVID-19 outbreak in 2020, a single meat processing plant in High River, Canada, was linked to over 358 cases[53] of infection. [8] The Cargill family had at least 14 billionaires. . [46][23][32] Sontheim Meyer's inheritance represented an "estimated 7% stake in food giant Cargill. Human remains found over the weekend were identified as Julian Sands, though the actors cause of death has not yet been determined. [110] The companies involved have denied the allegations. Three more members of the Cargill family -- siblings James Cargill, Austen Cargill and Marianne Liebmann -- have joined the ranks of the world's 500 richest people thanks to their stakes in. [36] The two children of their oldest son, James R. (Susan) Cargill II (born 1949), whose hometown was Birchwood, Wisconsin. [4] By 1900, the Cargill Elevator Company was a major Midwestern force. The new $60 million building will be built on the site of the building that formerly housed The Wichita Eagle, following the old building's demolition. When you choose Cargill, you choose a family of trusted brands and a dedicated team that stands behind them. Mighty Earth chair and former U.S. In 2018 Ghana had the highest rate of increase (60%) in the world compared to 2017, with Cte dIvoire (26%) in second place. He served on the board of directors from 1963 to 1996. [98], Cargill sells large volumes of palm oil, which is found in many processed foods, cosmetics and detergents. MINNEAPOLIS, Nov. 28, 2022 /PRNewswire/ -- Cargill and Owensboro Grain Company, a fifth-generation family-owned soybean processing facility and refinery located in Owensboro, Ky., today. Joining Airbnb as public companies are Petco Animal Supplies, Vizio and Jo-Ann Stores. Cargill returned to NASCAR sponsoring Front Row Motorsports in 2022 as an associate sponsor of the team. The Cargill-MacMillan family is the fourth-wealthiest family in America. As well as being the nation's largest marketer of salt, Cargill is also one . In late April 2009, AQIS lifted Cargill Australia's suspension on its export license. [7] In 2009, Forbes listed the net worth of Cargill MacMillan Jr at an estimated $4.3 billion. Argentina's revenue and customs service began an investigation into the four companies when prices for agricultural commodities spiked in 2008 but very little profit for the four companies had been reported to the office. Plans for an IPO in 2014 were also cancelled. MacMillan offers the closest look yet at the private lives behind the largest privately held company in the world.[27]. An activist group and researchers tried to increase pressure on agribusiness giant Cargill on Wednesday, June 14, 2023, to do more to fight deforestation and human rights abuse, releasing a report that accuses the company of not following through on commitments to help end such practices. [13] In 2011, they sold their sixty-four-percent stake in Mosaic for $24.3 billion. [58], As of 2016[update], Cargill operates in 70 countries across six regions around the world.[60]. Cargill: the company feeding the world by helping destroy the planet Please help update this article to reflect recent events or newly available information. Soaring food prices push more Cargill family members on to world's The Full List FORBES PREMIUM PARTNER Listees do not pay a fee for placement on Forbes Rankings. [77] The report found child labor to be widespread on the plantations investigated: every third worker was a child. Performance & security by Cloudflare. The fourth generation includes the two sons and daughter of James R. Cargill (19232006) and his wife Mary Janet Morse Cargill (died February 5, 2010). Our Story | Diamond Crystal Salt [65] Today, Cargill imports palm oil and palm oil products from Malaysia and Indonesia into Pakistan, selling them in the local market. Hannaford Supermarkets alerted consumers that Cargill Beef was voluntarily recalling 29,339 pounds of ground beef that might contain salmonella. Appeals court releases Ivanka Trump from New York AG's suit against The company - and the family business - is Cargill. A move to equalize prize money for men and women tennis championships is in the works, the Women's Tennis Association said Tuesday. Their daughter, Margaret Anne Cargill (19202006), who never married, was a philanthropist. An attempt by the Ukrainian armys 47th Assault Brigade and 33rd Mechanized Brigade to cross a minefield in southern Ukraine on June 8 was more disastrous than we knew. Passes Away", "The Secretive Cargill Billionaires And Their Family Tree", "The Last Cargill Family Member To Run The Giant Agribusiness Company Has Died", "Biography paints intimate portrait of the clan that built Cargill", "Cargill's retired CEO, wife now cultivate philanthropy", "Cargill MacMillan Jr., Agribusiness Heir, Dies at 84", "Cargill moving out of longtime HQ, reshaping business", "Billion-Dollar Clans: America's 25 Richest Families 2016", "#176 Marion MacMillan Pictet - Forbes.com", https://en.wikipedia.org/w/index.php?title=Cargill_family&oldid=1147936167, Articles with dead external links from August 2010, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 3 April 2023, at 04:00. Its Cargill Energy, Transport and Metals BU is active across ocean freight, coal, iron ore and steel trading. Agribusiness giant Cargill not doing enough to fight deforestation Diamond Crystal brand salt is now part of the Cargill family of products. [89] The beef was sold mainly at Walmart and Sam's Club stores. We do include companies that are majority owned by private companies, such as Medline Industries. William Wallace Cargill founded Cargill Inc. in 1865, at the end of the U.S. civil war. From proteins and oils to sweeteners and salt, you can count on our family of brands to deliver high-quality, versatile and delicious products to help your menu, customers, and community thrive. On June 1, 2007, CEO Staley was succeeded by Gregory R. Page. . . The 10 Largest Family Businesses in the U.S. - Business Insider 9.13. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. [30], In 2002 Cargill acquired European-based starch manufacturer Cerestar from Montedison for $1.1 billion. [30] While expanding, the company also refocused its business by selling assets such as its coffee and rubber businesses. [30] A new generation of the Cargill family was appointed to the board of directors, according to the Wall Street Journal. [42], Four members of the Cargill family ranked 220 on "The 400 Richest Americans 2009" list, each with a net worth of $1.6 billion. How land ownership is being concentrated in Columbia", "Poisoning caused by the consumption of organomercury-dressed seed in Iraq", "Wisconsin Firm Recalls Ground Beef Products Due to Possible E. coli O157:H7 Contamination", "Cargill exports beef - tracking system at abattoir", "Arkansas Firm Recalls Ground Turkey Products Due to Possible Salmonella Contamination", "Cargill Issues Another Ground Turkey Recall", "Contaminated ground beef sickens 10 in Vermont", "Soya blazes a trail through the Amazon | Greenpeace International", "Cargill finds resistance by environmentalists", "Global commodity traders to monitor deforestation in Brazil's savannah", "Beendete Petition - Fr Cargills Palml brennt der Regenwald - Rettet den Regenwald e.V.". Revenues at hospitality company Delaware North fell by 61% to $1.45 billion due to cancellations of sporting events and a slowdown in business at airportstwo areas where it operates.