Glen Taylor
Overview
- Source of Wealth
- Printing
- Industry
- Service
- Residence
- Mankato, Minnesota
- Education
- Minnesota State University (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 5
Biography
Glen Taylor bought a wedding service business for $2 million in 1975 and turned it into Taylor Corp., a printing firm with over $2 billion in sales.
Taylor, who worked at the wedding business throughout college, stepped down as CEO of Taylor Corp. in 2015; he remains chairman.
A Minnesotan, Taylor owns stakes in the state's NBA team, the Timberwolves; WNBA team, the Lynx; and the United FC soccer team.
In 2016, he sold 5% of his stake in both basketball teams to Lizhang Jiang, the NBA's first Chinese minority owner.
Taylor also owns farmland in Minnesota and Iowa, as well as the Minneapolis Star Tribune, which he bought in 2014 for nearly $100 million.
About
Taylor grew up poor on a farm in southern Minnesota.
As a kid he worked on his neighbors' farms for $1 an hour.