John Hugh Macmillan III (February 28, 1928 - April 23, 2008) was an American
billionaire
A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busin ...
businessman.
Early life
He was born on February 28, 1928, in
Minneapolis
Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins ...
, Minnesota, the son of
John H. Macmillan Jr. and Marion Dickson, and grew up in Wayzata, Minnesota.
He was educated at the
Blake School,
Berkshire School
Berkshire School is a private, co-ed boarding school for grades 9 through 12 located in Sheffield, Massachusetts, USA.
History
1907–1943: Founding and early years
Berkshire School (for boys) was established in 1907 at the foot of Mount Ever ...
in Sheffield, Massachusetts, West High School, and the
University of Minnesota
The University of Minnesota, formally the University of Minnesota, Twin Cities, (UMN Twin Cities, the U of M, or Minnesota) is a public university, public Land-grant university, land-grant research university in the Minneapolis–Saint Paul, Tw ...
.
[
]
Career
In 1955, Macmillan started working for Cargill
Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865, it is the largest privately held corporation in the United States in ter ...
as a grain merchant
The grain trade refers to the local and international trade in cereals and other food grains such as wheat, barley, maize, and rice. Grain is an important trade item because it is easily stored and transported with limited spoilage, unlike other ...
and held positions in Great Falls, Montana
Great Falls is the third most populous city in the U.S. state of Montana and the county seat of Cascade County. The population was 60,442 according to the 2020 census. The city covers an area of and is the principal city of the Great Falls, M ...
, Baton Rouge, Louisiana
Baton Rouge ( ; ) is a city in and the capital of the U.S. state of Louisiana. Located the eastern bank of the Mississippi River, it is the parish seat of East Baton Rouge Parish, Louisiana's most populous parish—the equivalent of counties i ...
, and Minneapolis.[
In 2007, '']Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
'' estimated his net worth at $1.7 billion.
Personal life
His first wife was Susan Velie (1931-2003), with whom he had three children, John Hugh Macmillan IV, David Deere Macmillan, and Kate Macmillan Reed. She later married Henry W. Norton, and became Susan Velie Norton.[
He died on April 23, 2008, in Fort Lauderdale, Florida, and is buried at ]Lakewood Cemetery
Lakewood Cemetery is a large private, non-sectarian cemetery located in Minneapolis, Minnesota, United States. It is located at 3600 Hennepin Avenue at the southern end of the Uptown area. It is noted for its chapel which is on the National Re ...
, Minneapolis.[
]
References
1928 births
2008 deaths
Cargill people
Berkshire School alumni
University of Minnesota alumni
Burials at Lakewood Cemetery
20th-century American businesspeople
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