James Ray Cargill, II

James Cargill II is an American businessman with an estimated net worth of $2.3 billion as of March 2013. He is the 190th richest person in the “Forbes 400” list and 641st in the list of World Billionaires.

Born James Ray Cargill II in Birchwood, Wisconsin, he is the great-grandson of Cargill founder William W. Cargill. His brother is Austen S. Cargill II, a businessman and a rancher, and his sister is Marianne Cargill Liebman. Most of his estimated net worth of $2.3 billion came from Cargill, a privately held multinational corporation founded in 1865 and is based in Minnetonka, Minnesota. Currently, it is the largest privately held corporation in the United States in terms of revenue. Its $134 billion in revenues in the fiscal year of 2012 came from all areas of food production such as crops, cattle, commodity trading, and risk management.

Together with five other secretive billionaire relatives, Mr. Cargill still owns a majority of the agro-giant company. Its major businesses include trading, purchasing, and distributing grain and other agricultural commodities such as palm oil. It is also trading in energy, steel, and transport. It is involved in the manufacturing of livestock and feed. It also produces food ingredients such as starch and glucose syrup, vegetable oils and fats for processed foods and industrial use.James Cargill II is an American businessman with an estimated net worth of $2.3 billion as of March 2013. He is the 190th richest person in the “Forbes 400” list and 641st in the list of World billionaires.