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Soaring food prices push more Cargill family members on to world’s richest 500 list

How more sick can this world of “haves” and “have-nots” become? As Rupert Neate reports for The Guardian, a “giant leap” in global food prices caused by Russia’s invasion of Ukraine has helped three members of the super-rich Cargill family, who majority-own one of the world’s largest food companies, join the ranks of the world’s 500 richest people.

Siblings James Cargill, Austen Cargill and Marianne Liebmann – all great-grandchildren of William Wallace Cargill, who founded the Cargill company in 1865 – this week joined the Bloomberg Billionaires list of the richest 500 people alive. Each of them has an estimated $5.4bn (£4.1bn) fortune – up a fifth so far this year.

They join Cargill’s other great-grandchildren Pauline Keinath and Gwendolyn Sontheim Meyer on the richest 500 list. They each have fortunes of about $8.06bn.

Cargill, which has its headquarters in Minnesota, reported a 63% increase in profits last year to almost $4.93bn – the biggest in its 157-year history. Revenues rose by 17% to $134bn.

Source: The Guardian. Full story can be read here
Photo: A Cargill inland grain terminal in Canada. The Cargill food company, which has its HQ in Minnesota, employs more than 155,000 staff in 70 countries. Courtesy and credit: Terrance Klassen/Alamy

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