Cargill family
The Cargill family, also known as the Cargill-MacMillan family, refers to the multi-generational descendants of the American business executive William Wallace Cargill (December 15, 1844 – October 17, 1909) and his son-in-law John H. MacMillan Sr. The Cargill-MacMillan family is the fourth-wealthiest family in America. Descendants of Cargill and MacMillan have owned common equity in the "agribusiness giant" Cargill Inc, one of the largest privately owned corporations in the United States, for over 140 years. William Cargill founded the Cargill company as an Iowa grain storage business in 1865, during the post–Civil War period, and was its CEO for almost 40 years. Following the death of William Cargill in 1909, his son-in-law John MacMillan steered the company out of a debt crisis and into stability. The two branches of the family—the MacMillans and the Cargills—continue to be represented on the board of directors of Cargill Incorporated. The most recent family members appointed to the board are fifth generation. By 2019, twenty-three Cargill-MacMillan family members owned 88% of the family company, which reported $113.5 billion in revenue in 2019. The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually." Forbes listed the family's estimated net