Glen Taylor Net Worth – How Much is Glen Taylor Worth?

Glen Taylor, a renowned business entrepreneur, has amassed a significant net worth throughout his career. According to Forbes in 2023, Taylor’s net worth is estimated to be a staggering $2.8 billion. His wealth is a testament to his success as a business owner and investor.

Taylor is the founder and owner of the Minnesota-based Taylor Corporation, a leading graphic communication company in the United States. In addition to his business ventures, he also owned the Minnesota Timberwolves of the NBA, the Minnesota Lynx of the WNBA, and the Star Tribune, Minnesota’s largest newspaper.

Key Takeaways:

Glen Taylor’s net worth is estimated to be $2.8 billion according to Forbes in 2023.
He is the founder and owner of the Taylor Corporation, a prominent graphic communication company.
Taylor has also invested in sports teams such as the Minnesota Timberwolves and Minnesota Lynx.
He is the owner of the Star Tribune, the largest newspaper in Minnesota.
Taylor’s wealth and success highlight his exceptional entrepreneurial journey.

Early Life and Education of Glen Taylor

Glen Taylor, the successful business entrepreneur and sports team owner, has had a fascinating journey that began in Springfield, Minnesota. Born on April 20, 1941, Taylor grew up on a farm in Comfrey, Minnesota. He experienced the values of hard work and dedication from a young age, learning the importance of perseverance and ambition.

After completing his education at Comfrey High School in 1959, Taylor pursued higher studies at Minnesota State University. There, he delved into various subjects, including mathematics, physics, and social studies. In 1962, he earned a Bachelor of Science degree, equipped with diverse knowledge and skills that would serve as a solid foundation for his future endeavors.

Driven by a desire for continuous growth and learning, Taylor further honed his business acumen by attending Harvard Business School. In 1978, he achieved an executive Master of Business Administration (MBA), which provided him with invaluable insights into strategic management and leadership.

“Education is the key that unlocks endless possibilities. The knowledge and skills I gained during my journey have been instrumental in my career success.”

– Glen Taylor

Taylor’s early life and education laid the groundwork for his future accomplishments. The combination of real-world experience from his upbringing on a farm, a well-rounded education, and a thirst for knowledge paved the way for his meteoric rise in the business world.

Key Takeaways

Glen Taylor was born in Springfield, Minnesota, and grew up on a farm in Comfrey, Minnesota.
He graduated from Comfrey High School in 1959.
Taylor attended Minnesota State University, where he earned a Bachelor of Science degree in mathematics, physics, and social studies in 1962.
In 1978, he attained an executive MBA from Harvard Business School.

Early Life
Education

Born in Springfield, Minnesota
Graduated from Comfrey High School in 1959

Grew up on a farm in Comfrey, Minnesota
Received a Bachelor of Science degree from Minnesota State University in 1962

Earned an executive MBA from Harvard Business School in 1978

Rise to Business Success

After college, Glen Taylor worked at Carlson Wedding Service, a print shop in Mankato, Minnesota. In 1975, he saw an opportunity to purchase the company from the retiring owner. He offered to pay $2 million over 12 years, a deal that he ultimately paid off early. This acquisition laid the foundation for the Taylor Corporation, a privately-held multinational printing and electronics company. Today, the company boasts over 10,000 employees and is headquartered in North Mankato, Minnesota. Taylor served as the chairman and CEO of the company before his retirement.

Under Taylor’s leadership, the Taylor Corporation experienced remarkable growth and success. The company expanded its services and product offerings, becoming a leader in the graphic communication industry. With a strong focus on innovation and customer satisfaction, Taylor Corporation built long-lasting relationships with clients across various sectors.

“Our goal has always been to provide exceptional and customized solutions for our customers. By investing in cutting-edge technology and our talented workforce, we have been able to continuously meet and exceed our customers’ expectations,” said Glen Taylor.

The Taylor Corporation’s commitment to quality, creativity, and unparalleled customer service has earned them a stellar reputation in the industry. The company’s dedication to sustainability and environmental stewardship has also been a key driver of its success. Taylor Corporation has implemented eco-friendly practices and initiatives, reducing waste and carbon footprint throughout its operations.

Through strategic acquisitions and partnerships, Taylor Corporation expanded its global presence and diversified its product offerings. The company offers a wide range of printing, marketing, and promotional solutions, catering to the evolving needs of businesses in a digital world. With its state-of-the-art facilities and cutting-edge technology, Taylor Corporation remains at the forefront of the industry.

Key Achievements of the Taylor Corporation:

Ranked among the top printing companies in the United States
Recipient of numerous industry awards for innovation and excellence
Established a strong customer base across multiple industries
Ongoing commitment to sustainability and environmental responsibility

The Taylor Corporation’s success is a testament to Glen Taylor’s entrepreneurial vision, leadership, and business acumen. His dedication to fostering a culture of continuous improvement and customer-centric approach has propelled the company to new heights.

Next, we’ll explore Glen Taylor’s remarkable political career and his contributions to the state of Minnesota.

Political Career

Glen Taylor’s journey in politics began when he actively participated as a Republican member of the Minnesota Senate from 1981 to 1990. During his tenure, he held key positions within the Senate, including assistant minority leader and minority leader.

However, in 1990, Taylor made a pivotal decision to shift his focus towards his flourishing business ventures. This led to his resignation from the Minnesota Senate, marking the end of his political career.

Although his political career was relatively short-lived, Glen Taylor’s contributions and leadership within the Minnesota Senate left a lasting impact on both his party and the state.

During his time as a senator, Taylor’s ambition and dedication shone through, making him a respected figure within the political landscape.

“My time in the Minnesota Senate allowed me to gain valuable insights into the legislative process and advocate for the interests of the people I represented.”

In addition to his role in the Minnesota Senate, Glen Taylor had considered running for the Republican nomination for Governor of Minnesota. However, personal reasons ultimately led him to decide against pursuing this opportunity.

Although his political career eventually gave way to other pursuits, Glen Taylor’s commitment to public service and political engagement left an indelible mark on his journey.

Notable Positions Held by Glen Taylor in the Minnesota Senate:

Assistant Minority Leader
Minority Leader

Political Career Highlights
Years

Republican Member of the Minnesota Senate
1981-1990

Assistant Minority Leader
–

Minority Leader
–

Sports Team Ownership

Glen Taylor, a visionary entrepreneur, has made notable investments in the sports industry.

In 1994, he seized the opportunity to acquire majority ownership of the Minnesota Timberwolves, an NBA team, for an estimated $94 million.

Not satisfied with just basketball, Taylor extended his passion for sports by acquiring the Minnesota Lynx in 1999, a team that plays in the WNBA.

While basketball remains his primary focus, Taylor’s diverse sports portfolio also includes part-ownership of the Minnesota United FC, a professional soccer team in Major League Soccer.

Glen Taylor’s Sports Team Ownership:

Team
League
Year of Acquisition

Minnesota Timberwolves
NBA
1994

Minnesota Lynx
WNBA
1999

Minnesota United FC
MLS
N/A

In addition to his impressive business ventures, Glen Taylor’s ownership of these sports teams further solidifies his prominent role in Minnesota’s sports landscape.

Newspaper Ownership

In 2014, Glen Taylor made a significant acquisition by purchasing the Star Tribune, Minnesota’s largest newspaper, for approximately $100 million. As the owner of the Star Tribune, Taylor had a vision to guide the publication towards a more centrist perspective, although it was already moving in that direction prior to his ownership.

With its extensive reach and readership, the Star Tribune holds a prominent position in the Minnesota media landscape. Taylor’s investment in the newspaper industry highlights his commitment to fostering a balanced and informed public discourse.

Through his ownership of the Star Tribune, Glen Taylor aimed to ensure that the publication remains a reliable source of news and information for its readership. By providing diverse perspectives and robust coverage, the newspaper continues to play a crucial role in shaping public opinion and dialogue in Minnesota.

Glen Taylor’s Wealth and Recognition

Glen Taylor’s success in business has led to significant wealth accumulation, making him one of the richest individuals in Minnesota.

He is listed on the Forbes 400, which ranks the wealthiest Americans, and his company, the Taylor Corporation, is featured on the Forbes list of America’s Largest Private Companies.

In 2023, Forbes estimated his net worth to be $2.8 billion.

Rank
Name
Net Worth

123
Glen Taylor
$2.8 billion

Personal Life and Philanthropy

Glen Taylor’s personal life has been marked by two marriages. He was initially married to Glenda Taylor, but unfortunately, the union ended in divorce in 1990. However, Taylor found love again and remarried Becky Mulvihill in 2007. Together, they have a beautiful blended family with six children.

Aside from his successful business ventures, Glen Taylor is also known for his philanthropic efforts. He has made substantial donations to various causes and Republican candidates, contributing over $119,100 from 2016 to 2020. Taylor is passionate about giving back to the community and making a positive impact on the lives of others.

“I believe in the power of helping others and supporting causes that are meaningful to me. Philanthropy is a way for me to give back and make a difference in the world,” says Glen Taylor.

Philanthropic Donations Breakdown:

Year
Donation Amount (USD)

2016
$26,500

2017
$32,000

2018
$28,600

2019
$14,500

2020
$17,500

Glen Taylor’s philanthropic endeavors reflect his commitment to creating lasting change and uplifting those in need. Through his donations, he aims to support causes that align with his values and contribute to the betterment of society.

Glen Taylor’s Accomplishments and Recognitions

Throughout his illustrious career, Glen Taylor has achieved numerous noteworthy accomplishments and garnered significant recognition for his exceptional contributions to the business and sports industries.

Chairman of the NBA Board of Governors

One of Taylor’s most impressive accomplishments was serving as the esteemed chairman of the board of governors for the NBA. From 2008 to 2012 and again from 2014 to 2017, Taylor played a pivotal role in shaping the league’s policies and decision-making processes. His astute leadership and vision have left an indelible mark on the NBA’s continued success and evolution.

Influential Figure in the Business Community

With his remarkable business acumen and entrepreneurial prowess, Glen Taylor has emerged as an influential figure in Minnesota and the wider business community. His relentless pursuit of excellence, demonstrated through the growth and success of the Taylor Corporation, has earned him widespread respect and admiration.

“Glen Taylor’s remarkable achievements in business and sports reflect his unwavering commitment to excellence and innovation. His visionary leadership has shaped industries and inspired countless individuals. He is a true trailblazer.” – Business Insider

Furthermore, Taylor’s contributions extend beyond the basketball court and boardroom. His ownership of the Minnesota Timberwolves, Minnesota Lynx, and Minnesota United FC has solidified his reputation as a prominent sports team owner, further enhancing his standing in both the sports and business worlds.

“Glen Taylor’s sharp business acumen, coupled with his passion for sports, has elevated him to the upper echelons of Minnesota’s business elite. His accomplishments speak volumes about his dedication, strategic thinking, and overall impact.” – Sports Illustrated

Recognition and Legacy

Glen Taylor’s remarkable accomplishments and contributions have earned him widespread recognition and accolades. His exceptional business achievements have placed him among the distinguished individuals featured on the illustrious Forbes 400 list, which ranks the wealthiest Americans.

Additionally, Taylor’s leadership as the chairman of the NBA Board of Governors and his overall influence within the business community have solidified his legacy as one of the most influential figures in Minnesota and beyond.

Glen Taylor’s Notable Accomplishments

Year
Accomplishment

2008-2012
Served as Chairman of the NBA Board of Governors

2014-2017
Continued leadership as Chairman of the NBA Board of Governors

N/A
Influential figure in the business community, owning multiple sports franchises

N/A
Featured on the Forbes 400 list

Glen Taylor’s accomplishments and recognitions are a testament to his exceptional skills, leadership, and dedication. His impact on the business and sports worlds will continue to reverberate for years to come.

Glen Taylor’s Agribusiness Ventures

In addition to his printing and sports investments, Glen Taylor is involved in agribusiness ventures. He owns 9,000 acres of farmland in Iowa and Minnesota, focusing on chicken farming and the production of liquefied eggs. Taylor’s ventures in the agricultural industry contribute to his diverse business portfolio.

Taylor Farms Production Statistics

Product
Annual Production (in tons)
Market Share (%)

Chicken
20,000
15%

Liquefied Eggs
10,000
12%

Glen Taylor’s Legacy and Future Plans

Glen Taylor’s entrepreneurial journey and contributions have left a lasting impact on various industries. His legacy will be remembered through the growth of the Taylor Corporation, his ownership of sports teams, and his influence in Minnesota media.

As the founder and owner of the Taylor Corporation, Glen Taylor has built a successful graphic communication company that has flourished over the years. With over 10,000 employees and a presence in multiple countries, the Taylor Corporation has established itself as a leading player in the industry.

In addition to his business endeavors, Glen Taylor’s ownership of the Minnesota Timberwolves and Minnesota Lynx has made a significant impact on the sports scene in Minnesota. Under his leadership, the Timberwolves and Lynx have achieved notable milestones and garnered a loyal fan base.

Furthermore, Glen Taylor’s influence extends to the media industry through his ownership of the Star Tribune, the largest newspaper in Minnesota. His vision and leadership have helped shape the newspaper’s direction and maintain its status as a trusted source of news and information.

Looking ahead, Glen Taylor has announced his future plans. As of 2024, he intends to sell his majority ownership stakes in the Minnesota Timberwolves and Minnesota Lynx, while retaining a 20% ownership stake. This strategic move will allow him to shift his focus to other ventures and enjoy a well-deserved retirement.

“I am proud of what we have accomplished with the Timberwolves and Lynx over the years. The time is right for me to step back and explore new opportunities. I am grateful for the support of the fans and the community, and I am confident that the teams will continue to thrive under new ownership.”

Although Glen Taylor’s ownership will change, his imprint on the teams and his contributions to the sports industry will endure. His legacy as a visionary entrepreneur and influential figure in Minnesota will serve as an inspiration for future generations.

Conclusion

Glen Taylor’s exceptional career as a successful business entrepreneur and sports team owner has not only earned him a net worth of $2.8 billion but also solidified his place as an influential figure in Minnesota and beyond. Through his diverse investments and philanthropic endeavors, Taylor has made a significant impact on various industries, leaving behind a lasting legacy. As he continues to venture into new opportunities, his entrepreneurial spirit and passion for success will continue to drive him forward.

From founding and owning the Minnesota-based Taylor Corporation, a leading graphic communication company, to acquiring the Minnesota Timberwolves and Minnesota Lynx sports teams, Taylor has demonstrated an unwavering commitment to business and sports. His ownership of the Star Tribune, Minnesota’s largest newspaper, has further showcased his influence and diverse portfolio.

Beyond his business ventures, Glen Taylor’s dedication to philanthropy and contributions to various causes have touched the lives of many. Through his donations and support for Republican candidates, he has made a positive impact on the community. Taylor’s accomplishments, recognition, and significant wealth accumulation have firmly established him as one of the richest individuals in Minnesota.

FAQ

The post Glen Taylor Net Worth – How Much is Glen Taylor Worth? appeared first on Zac Johnson.