Top Billionaires in Minnesota
The wealthiest residents of Minnesota include founders and executives of major companies such as Target, Best Buy, and UnitedHealth Group. The Forbes real-time billionaires list ranks these individuals by net worth, which is calculated from public stock holdings, private company valuations, and other assets. Many of these fortunes grew during periods of strong retail, healthcare, and technology performance in the state. Forbes billionaires list provides the latest net worth figures and global rankings.
Minnesota's billionaire cohort includes self-made entrepreneurs and heirs to business empires built in retail, healthcare, and consumer goods. Their wealth is closely tied to the performance of large public companies headquartered in the Minneapolis–St. Paul metro area. Forbes updates these rankings frequently as stock prices and private valuations change.
Minnesota's Richest Self-Made Founders
Several Minnesota billionaires built their fortunes by founding or leading major companies. These include the founders of Target and Best Buy, whose retail empires created lasting wealth and thousands of jobs in the state. Their net worth depends on the market value of their stakes in these companies and any additional private investments.
Other self-made founders in Minnesota built wealth through healthcare systems, insurance companies, and technology ventures. SEC filings show how these founders accumulate and manage their stakes in public and private companies. Their rankings on the Forbes list shift as stock prices and company valuations move.
Minnesota Billionaires by Industry and Company
Retail remains a key driver of Minnesota wealth, with founders and executives of Target and Best Buy among the state's richest individuals. Healthcare and insurance also play a major role, with UnitedHealth Group executives holding large stakes in one of the biggest U.S. health insurers. UnitedHealth Group is headquartered in Minnesota and its stock performance directly affects the net worth of its top shareholders.
Other industries represented among Minnesota's highest net worth individuals include consumer goods, food, and diversified conglomerates. Forbes groups these individuals by industry, showing how retail, healthcare, and consumer sectors concentrate wealth in the state. Their rankings reflect changes in public market prices and private company valuations over time.