James Ray Cargill (October 9, 1923 – March 26, 2006) was an American billionaire heir and businessman.
Early life
James Ray Cargill was born on October 9, 1923, in Chicago, Illinois.[1] His father was Austen Cargill and his mother, Anne Ray Cargill. His grandfather, William Wallace Cargill, was the founder of Cargill, an agribusiness corporation.[2]
He grew up in Minneapolis, Minnesota.[1] He was educated at the Lake Forest Academy in Lake Forest, Illinois.[1] He also worked at Cargill during the summers of 1939 through 1941.[1] He served in the United States Army in Europe for three years during World War II.[1] He graduated from the University of Minnesota.[1]
Career
In 1947, he started his career at Cargill, working in advertising.[1] By 1989, he retired as senior vice president of Cargill.[1] He served on its board of directors from 1963 to 1995.[1] He was a major shareholder of Cargill.[2]
In 1992, he acquired J. B. Hudson Jewelers, a retailer of jewelry, china and crystals.[1][3]
He was worth US$1.8 billion in 2006.[4]
Philanthropy
He donated to his alma mater, the University of Minnesota, from which he was a recipient of the Distinguished Service Award.[1] He established Dinnaken Properties, student residences which were affordable yet good quality, at UM.[1]
He was a donor to Ducks Unlimited and Trout Unlimited.[1]
Personal life
He married Mary Janet Cargill. They had three children:[1]
Death
He died on March 26, 2006, in Edina, Minnesota.[1]
Legacy
Each of his children inherited a 1/18 share of Cargill.[2]
References
- ^ a b c d e f g h i j k l m n o "James R. Cargill Obituary: View James Cargill's Obituary by Pioneer Press". Legacy.com. Retrieved 30 October 2014.
- ^ a b c Solomon, Brian. "The Secretive Cargill Billionaires And Their Family Tree". Forbes. Retrieved 15 November 2014.
- ^ "JB Hudson: About Us".
- ^ "James Cargill, The World's Richest People - Forbes.com". www.forbes.com.
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