#2994
Gary Tharaldson
Overview
- Source of Wealth
- Hotels
- Industry
- Real Estate
- Residence
- Fargo, North Dakota
- Marital Status
- Married
- Children
- 6
Biography
Gary Tharaldson purchased his first Super 8 motel in 1982 in Valley City, North Dakota.
He has since built, owned and operated over 480 hotels, opening one new hotel per month on average over 40 years.
In 2006, he sold 130 hotels to Goldman Sachs for about $1.2 billion, which he reinvested into land and commercial and residential developments.
In 2008, he launched an ethanol facility near Fargo, North Dakota, which produces over 175 million gallons per year.
About
Tharaldson once worked as a physical education teacher and insurance salesman.
Tharaldson is the richest person in North Dakota.