Pauline MacMillan Keinath Net Worth, Biography, and Career

Pauline MacMillan Keinath Net Worth  $5 billion

Mrs. Pauline MacMillan Keinath is an American heiress and billionaire. In 2022, the Bloomberg Billionaire Index estimated her net worth at over 5 billion dollars. As you would have guessed, Pauline is associated with the Cargill family, owners of the largest privately held company in America known as Cargill Incorporated.

Her great-grandfather William Wallace Cargill, was the man that started the company in 1865 right after the Civil War. Born in Minnesota in the year 1934, Pauline MacMillan Keinath is currently 88 years old.  She is married with four children and resides in St. Louis, Missouri with her family.

Many people know Pauline to be one of the secretive billionaire heirs of the Cargill Company, whose major businesses are the production of food ingredients such as glucose syrup and starch, vegetable oils and fats for industrial use and application in processed foods, raising of livestock and production of feed, trading in energy, steel and transport, and procuring, trading and distributing grain and other agricultural supplies, such as palm oil. The company also runs a financial services company which is also successful.

Through the years, Cargill still remains a family business as more than 90 percent of the company’s shares are owned by the founder’s descendants. Nowadays, the company is considered one of the biggest privately held corporations in the United States with annual revenue of more than $134 billion as of 2012.

Since the son-in-law of William W. Cargill named John MacMillan took over the company in 1909, the company’s chief executive officer has always been a member of the reputed family but only until 1995. More details follow below.

Early Life: Childhood, Education

Pauline MacMillan Keinath was born July 31, 1934, in Hennepin County, Minnesota, United States. She is a great-granddaughter of Cargill Inc. founder William W. Cargill.

Professional Life: Business Career

Mrs. Pauline MacMillan Keinath is a holder of a 9 percent stake in Cargill. She inherited that portion of the company from her father. Apart from that, Pauline hasn’t really paid attention to the family’s company. She doesn’t play any role in the company’s daily operations.

The company, Cargill Incorporated, is a privately held global food corporation founded in 1865, established in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. It is considered the largest privately held company in the United States in terms of revenue.

If it were a public company, Cargill would rank number 15 on the Fortune 500 (as of 2015), ahead of AT&T and behind McKesson. The company has frequently been the subject of criticism related to finance, human rights, the environment, and other ethical considerations.

Some of its major businesses are the production of food ingredients such as glucose syrup and starch, vegetable oils and fats for industrial use and application in processed foods, raising of livestock and production of feed, trading in energy, steel, and transport, and procuring, trading and distributing grain and other agricultural supplies, such as palm oil.

The company also has a large financial services division, which helps it to manage financial risks in the commodity market.

In 2003, Cargill split off a percentage of its financial operations into the hedge fund Black River Asset Management, which holds around $10 billion of assets and liabilities. It owned 33.3 percent of the shares of The Mosaic Company, a business that is known to be one of the leading producers and marketers of potash crop nutrients and concentrated phosphate in the world.

Cargill sold off its Mosaic holding in 2011. In 2018, Cargill reported earnings of $3.103 billion and revenues of $114.695 billion and boasted of employing more than 166,000 people in 66 countries.

The Cargill Company, which is responsible for 25 percent of all US grain exports, also supplies about 22 percent of the United States domestic meat market. It is known to be the biggest importer of products from Argentina and is the largest poultry producer in Thailand.

It has been reported that all the eggs used in McDonald’s restaurants in the United States pass through Cargill’s plants. It is the United States-only producer of Alberger process salt, which is used in the prepared food and fast-food industries.

To date, Cargill still remains a family-owned business. The majority of the company (over 90 percent) is still owned by the descendants of the founding Cargill and MacMillan families.

Personal Life: Husband, Children, Residence

Mrs. Pauline MacMillan Keinath is married, with four children. She lives in St. Louis, Missouri. In 2014, she was listed as the 16th wealthiest woman in the United States.

Pauline MacMillan Keinath Net Worth: Salary, Income Sources, Assets

This woman hasn’t really concerned herself with the family business or with any other business endeavors for that matter. She holds a 9 percent stake in the renowned Cargill Company, and those shares have made her a billionaire.

Pauline MacMillan Keinath’s net worth is 5 billion dollars. She is a member of the rich and prominent Cargill family that controls Cargill, Inc.