Harry Stine (businessman)

Last updated
Harry Stine
Born1941or1942(age 81–82) [1]
NationalityAmerican
Alma mater McPherson College
Occupation(s)Farmer and seedsman
Known forFounder and owner of Stine Seed
Owner of International Oilseed Distributors, Inc.
SpouseMolly [2]
Children4 [3]
Website www.stineseed.com/about/company-leadership/harry-h-stine/

Harry H. Stine (born 1941/1942) is an American billionaire businessman, the founder and owner of Stine Seed.

Contents

Family and early life

He is the son of Bill and Roselba Stine. In 1871, his great-grandparents, William and Sarah Stine arrived in Adel, Iowa, from Pennsylvania, and established a 160-acre farm there. In 1894, his grandfather Ira Cloyd Stine married Lydia Sheaffer and they had had four children, all sons. Everyone worked for I.C Stine and Sons until after World War II. In 1934, Bill and Roselba Stine moved to the 200-acre farm that would become Stine Seed Farm, which was founded in the 1950s. [4] [5]

Career

He made his fortune licensing soybean and corn genetics to Syngenta, Monsanto, and other agribusiness giants. [6] [7]

He is Iowa's richest man and as of 2020, the state's only billionaire. [8] [9] [10] [11]

Owning nearly 15,000 acres of land in Iowa through his private ownership of Stine Seed, [12]

In 2018, he was listed as the wealthiest in Iowa with a net worth of $3.2 billion by Forbes. [13] In 2019, he increased his fortune by $1.8 billion to $5 billion ranking him the richest Iowan and #131 richest in the United States by Forbes. [7] [14] In 2020, his net worth was estimated at $5.7 billion ranking him the richest Iowan and #484 richest in the world by Forbes. [14] [15]

Politics

As a registered Republican, he did not support Donald Trump during 2020 elections but favored Elizabeth Warren in the 2020 Iowa Democratic caucuses. [16]

Related Research Articles

<span class="mw-page-title-main">Adel, Iowa</span> City in Iowa, United States

Adel is a city in and the county seat of Dallas County, Iowa. It is located along the North Raccoon River. Its population was 6,153 at the time of the 2020 Census.

<span class="mw-page-title-main">Jeff Bezos</span> American businessman (born 1964)

Jeffrey Preston Bezos is an American businessman, media proprietor and investor. He is the founder, executive chairman, and former president and CEO of Amazon, the world's largest e-commerce and cloud computing company. He is the second wealthiest person in the world, with a net worth of about US$205 billion as of April 5, 2024. He was also the wealthiest from 2017 to 2021, according to both the Bloomberg Billionaires Index and Forbes.

<span class="mw-page-title-main">Bernard Arnault</span> French businessman (born 1949)

Bernard Jean Étienne Arnault is a French businessman, investor and art collector. He is the founder, chairman and CEO of LVMH, the world's largest luxury goods company. Arnault is the richest person in the world, with an estimated net worth of US$233 billion as of April 2024, according to Forbes.

Tsai Wan-lin was a Taiwanese businessman who, at the peak of his wealth in 1996, was considered to be the fifth richest person in the world, with a family net worth of US$12.2 billion. At the time of his death in 2004, he was the richest man in Taiwan with a fortune of US$4.6 billion, ranked 94th worldwide. He founded the Lin Yuan Group, a large banking and insurance group.

<span class="mw-page-title-main">Black billionaires</span>

Black billionaires are individuals who are of predominantly African ancestry with a net worth of at least US$1 billion.

<span class="mw-page-title-main">Ma Huateng</span> Chinese billionaire business magnate (born 1971)

Ma Huateng is a Chinese business magnate, investor, and philanthropist. He is the co-founder and chief executive officer of Tencent, one of the most valuable companies in East Asia, one of the largest internet and technology companies, and one of the biggest investment, gaming, and entertainment conglomerates in the world. The company in Shenzhen develops China's biggest mobile instant messaging service, WeChat, and its subsidiaries provide media, entertainment, payment systems, smartphones, internet-related services, value-added services and online advertising services, both in China and globally.

<span class="mw-page-title-main">Harry Triguboff</span> Australian property developer and founder of Meriton (born 1933)

Harry Oskar Triguboff is a Chinese-born Australian billionaire real estate developer, and one of Australia's richest people. He is the founder and managing director of Meriton and is known as "high-rise Harry".

<span class="mw-page-title-main">Aliko Dangote</span> Nigerian businessman (born 1957)

Aliko Dangote is a Nigerian businessman and industrialist. He is best known as the founder, chairman, and CEO of the Dangote Group, the largest industrial conglomerate in West Africa. The Bloomberg Billionaires Index estimated his net worth at $16.1 billion in November 2023, making him the richest person in Africa, the world's richest black person, and the world's 107th richest person overall.

<i>The Worlds Billionaires</i> Annual ranking of the Worlds billionaires by Forbes magazine

The World's Billionaires is an annual ranking of people who are billionaires, i.e., they are considered to have a net worth of US$1 billion or more, by the American business magazine Forbes. The list was first published in March 1987. The total net worth of each individual on the list is estimated and is cited in United States dollars, based on their documented assets and accounting for debt and other factors. Royalty and dictators whose wealth comes from their positions are excluded from these lists. This ranking is an index of the wealthiest documented individuals, excluding any ranking of those with wealth that is not able to be completely ascertained.

Tamara Hughes Gustavson is an American business executive and billionaire. The daughter of Public Storage co-founder and chairman B. Wayne Hughes, Gustavson is Public Storage’s largest shareholder, owning 11% of the company. As of August 2022, she ranked #251 on the Forbes 400 with a net worth of $8 billion.

Anders Holch Povlsen is a Danish billionaire, CEO and sole owner of the international retail clothing chain Bestseller, a company founded by his parents. He is the largest shareholder in the British internet fashion retailer ASOS and second-largest in German internet clothing retailer Zalando. He is also the largest individual private landowner in the UK.

Stine Seed Company is the world's largest private seed company, and the largest independent seed company in the US. It has more than 900 patents, specializing in soybean and corn genetics, is based in the small town of Adel, Iowa, and is almost entirely owned by Harry Stine and his four children.

Bruce L. Rastetter is an American agribusinessman, agricultural entrepreneur. He founded Heartland Pork Enterprises, and started and sold 80% of Hawkeye Energy Holdings, one of the largest US ethanol producers and Summit Agriculture Group, which is in the business of carbon capture and storage for Iowa ethanol plants.

<i>Bloomberg Billionaires Index</i> Ranking of the worlds 500 richest people

The Bloomberg Billionaires Index, launched in March 2012, is a daily ranking of the world's 500 richest people based on their net worth. It features a profile of each billionaire, and includes a tool that allows users to compare the fortunes of multiple billionaires. The index is updated every day at the close of trading in New York.

<span class="mw-page-title-main">Murder of Mollie Tibbetts</span> 2018 murder in the US state of Iowa

On July 18, 2018, Mollie Cecilia Tibbetts, a 20-year-old University of Iowa student, disappeared while jogging near her home in Brooklyn, Iowa. A month later, police identified 24-year-old Cristhian Bahena Rivera as a suspect in connection with the disappearance; surveillance footage showed Rivera's car following Tibbetts on her jog. Rivera led police to the body of Tibbetts in a Poweshiek County cornfield on August 21. He was charged with first-degree murder. On May 28, 2021, Rivera was found guilty of first-degree murder. On August 30, 2021, Rivera was sentenced to life in prison without parole.

Dennis Ray Albaugh is an American billionaire businessman, and the founder and chairman of Albaugh LLC, a pesticide and fertilizer company. He is a car collector, especially Chevrolets, and owns one of the biggest collections of Chevy convertibles in the US.

<span class="mw-page-title-main">COVID-19 pandemic in Iowa</span> Ongoing COVID-19 viral pandemic in Iowa, United States

The COVID-19 pandemic was confirmed to have reached the U.S. state of Iowa in March 2020. The first known cases were three individuals who had traveled on a cruise in Egypt before returning home to Johnson County on March 3. Initially, case clusters were focused at meatpacking plants and congregate care facilities. By late October, community spread had become a concern, and some areas of the state had reported over 20% test positivity. A headline stated that "Iowa hospitals fear overwhelming patient surge if coronavirus cases continue to climb."

Zhong Shanshan is a Chinese entrepreneur.

References

  1. ↑ "Forbes profile: Harry Stine". Forbes. Retrieved 26 May 2020.
  2. ↑ "HARRY STINE HONORED FOR DISTINGUISHED SERVICE TO AGRICULTURE BY IOWA FARM BUREAU FEDERATION" . Retrieved 2021-12-11.
  3. ↑ Begemann, Sonja (July 3, 2019). Meet Harry Stine, Father of the Modern Soybean. Farm Journal magazine. Retrieved September 5, 2020.
  4. ↑ "History". stineseed. Retrieved 27 October 2015.
  5. ↑ "Stine - 30 Years of Performance Seed - The Early Years". Nxtbook.com. Retrieved 2016-01-03.
  6. ↑ Copeland, Dave (October 24, 2018). The Richest Person in Every State (see slide #15 of 50). Work+Money website. Retrieved September 5, 2020.
  7. 1 2 Jett, Tyler (October 2, 2019). Iowan climbs higher on list of the richest Americans. The Des Moines Register . Retrieved September 5, 2020.
  8. ↑ WHO TV staff (August 1, 2014). Map Reveals Wealthiest Person in Each State . WHO TV. Des Moines, Iowa. Retrieved September 5, 2020.
  9. ↑ Patane, Matthew (May 25, 2016). And the richest man in Iowa is .... The Des Moines Register. Retrieved September 5, 2020.
  10. ↑ Lee, Allen (September 1, 2020). Who Is The Richest Person in Iowa? moneyinc.com website. Retrieved September 5, 2020.
  11. ↑ lovemoney staff (July 17, 2020). The richest family in every state: Iowa: the Stine family – $3.8 billion (see slide #16). MSN news. Retrieved September 5, 2020.
  12. ↑ Morrell, Alex (April 14, 2014). Can This Man Feed the World? Billionaire Harry Stine's Quest to Reinvent Agriculture -- Again. Forbes. Retrieved September 5, 2020.
  13. ↑ Hardy, Kevin (May 21, 2018). The richest person in Iowa is a self-made billionaire. The Des Moines Register . Retrieved September 5, 2020.
  14. 1 2 Harry Stine. Forbes. Retrieved September 5, 2020.
  15. ↑ Jett, Tyler (July 20, 2020). Iowa's richest man, lawyers and private schools land Paycheck Protection Program funds. The Des Moines Register . Retrieved September 5, 2020.
  16. ↑ Green, Joshua (February 14, 2019). The Only Billionaire In Iowa Thinks Elizabeth Warren Makes Some Sense: Harry Stine, founder of Stine Seed Co, is a registered Republican but no fan of Trump’s. Bloomberg Businessweek. Retrieved September 5, 2020.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.