Glen Taylor Net Worth: Billionaires Achievements & Philanthropy

June 27, 2024






Glen Taylor: The Entrepreneur, Politician, and Philanthropist

Glen Taylor: The Entrepreneur, Politician, and Philanthropist

Glen Taylor is a name that resonates deeply in the realms of business, sports, and politics. This Minnesota-based billionaire has made an indelible mark through his ventures and contributions.

From Humble Beginnings to Billionaire Status

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Taylor's journey is a classic rags-to-riches tale. Born and raised in Mankato, Minnesota, he started his career working at Carlson Wedding Service during his college years. When the owner retired, Taylor seized the opportunity and purchased the company for $2 million. This company later evolved into Taylor Corporation, a $1.8 billion printing giant specializing in invitations, stationery, and magazines.

Political Career

Aside from his significant business achievements, Taylor also made his mark in politics. He served as a Republican state senator in Minnesota from 1981 to 1990. Despite being a member of the party's moderate wing, his contributions to the state's legislature were noteworthy. He even considered running for governor in 1990 but decided against it due to personal reasons.

Sports Team Ownership

Smart City 2013
"Smart City 2013" by FPA S.r.l is licensed under CC BY-NC 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/by-nc/2.0/.

Taylor's impact extends to the sports world. He owns the NBA team Minnesota Timberwolves, the WNBA's Minnesota Lynx, and part of the Major League Soccer team, Minnesota United FC. Though he faced suspension from the NBA board of governors due to salary cap violations, his influence in sports remains substantial. In 2021, he agreed to sell the Timberwolves and Lynx to Marc Lore and Alex Rodriguez, retaining a 20% stake in the teams.

Media Ventures

In 2014, Taylor purchased the Star Tribune, Minnesota's largest newspaper. His vision for the publication was to steer it towards a more centrist stance, reflecting his moderate political views.

Philanthropic Efforts

Recently, Taylor has focused significantly on philanthropy. He established the Taylor Family Farms Foundation, which will donate proceeds from his rented farmland to various charitable causes. Valued at $172 million, this farmland could generate millions annually for childhood education and rural initiatives. This move, utilizing non-cash assets for philanthropy, sets a novel example for other wealthy donors.

Aspect Details
From Humble Beginnings to Billionaire Status Taylor started at Carlson Wedding Service, later purchasing the company and transforming it into Taylor Corporation, a $1.8 billion printing giant.
Political Career Served as a Republican state senator in Minnesota from 1981 to 1990. Contemplated running for governor in 1990 but chose not to.
Sports Team Ownership Owner of Minnesota Timberwolves, Minnesota Lynx, and part of Minnesota United FC. Agreed to sell Timberwolves and Lynx in 2021, retaining 20% stake.
Media Ventures Purchased the Star Tribune in 2014, aiming to shift its stance towards a more centrist position.
Philanthropic Efforts Founded Taylor Family Farms Foundation, valued at $172 million. Focuses on childhood education and rural initiatives.
Current Standing As of 2023, net worth stands at $2.8 billion. Remains chairman of Taylor Corporation.

Taylor envisions his foundations to be long-standing entities, making lasting impacts for generations. His philanthropic endeavors, alongside his business successes, form a significant part of his legacy in southern Minnesota.

For more information on the financial achievements of Glen Taylor and other prominent individuals, visit our net worth category archives.

Current Standing

As of 2023, Taylor's net worth stands at $2.8 billion, making him the wealthiest individual in Minnesota according to Forbes. Despite retiring as CEO, he remains the chairman of Taylor Corporation, overseeing its continued growth and success.

In summary, Glen Taylor's story is a multifaceted one, encompassing significant achievements in business, politics, sports, and philanthropy. His contributions to Minnesota and beyond will continue to resonate for years to come.


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JJ Sterling
As the co-founder of Urban Splatter and an architecture graduate from Chicago, I thrive on crafting a digital nexus where architectural innovation intersects with boundless digital opportunity. My academic roots in the Windy City's rich architectural tapestry inspire a unique vision for Urban Splatter's journey into the ever-evolving digital frontier of design. Join us as we navigate the exciting confluence of structure, style, and technology.

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