T. Denny Sanford
Sioux Falls, South Dakota
Bachelor of Arts/Science, University of Minnesota
United States
9
banking, credit cards, Self Made
$2,500,000,000
877
5
The Richest Person In Every State 2019
#877 Billionaires 2019
T. Denny Sanford owns First Premier Bank, which specializes in offering credit cards to high-risk borrowers.The Sioux Falls-based bank has just 12 branches, but is one of the largest issuers of Visa and Mastercards -- many with steep rates and low limits.An active philanthropist, Sanford says he wants to die broke. But he faces a rare problem: He says he can't get rid of his fortune fast enough.Thanks to hefty dividends from First Premier, Sanford is no closer to bankruptcy than when he began, despite giving more than $1.6 billion to charity.
Sanford has given nearly $1 billion to Sanford Health, a group of 43 non-profit hospitals formerly called the Sioux Valley Health System.His children's education initiatives include one for young boys and girls which he hopes will cut America's divorce rate by 50% in the next 50 years.
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