Glen A. Taylor (born April 20, 1941) is an American billionaire businessman who is the majority owner of the Minnesota Timberwolves National Basketball Association team, owner of the Minnesota Lynx WNBA basketball team, owner of the Star Tribune, and a former member of the Minnesota Senate.
Early life and education
Taylor was born in Springfield, Minnesota, and grew up on a farm in Comfrey, Minnesota. He graduated from Comfrey High School in 1959, and received a bachelor of science in mathematics, physics and social studies from Minnesota State University, Mankato, in 1962.[1][2] In 1978 he received an executive MBA from Harvard Business School.
During and after college, he worked at Carlson Wedding Service (later Carlson Craft), a Mankato print shop specializing in formal invitations. In 1975, company owner Bill Carlson wanted to retire, and Taylor offered to pay $2 million over the course of 10 years for the company.
Later life
The purchase (which he paid off early) formed the basis for the Taylor Corporation, a privately held multinational printing and electronics company with more than 15,000 employees and based in North Mankato, Minnesota. Taylor continues to serve as chairman and CEO.[4]
Taylor was a Republican Minnesota State Senator from 1981 to 1990, serving as assistant minority leader from 1983 to 1985 and Minority Leader from 1985 to 1988.
In 2014, he purchased the Star Tribune for about $100 million.
Taylor has been ranked No. 149 on the Forbes 400 and his company No. 254 on Forbes ranking of private United States corporations.
In 2015, his net worth was reported by Forbes to be $1.86 billion.
Glen Taylor net worth: Glen Taylor is an American businessman who has a net worth of $2.3 billion dollars which makes him one of the richest people in Minnesota. Born in Comfrey, Minnesota, Glen Taylor graduated from Minnesota State University in the early 60s, and also attended a training program at Harvard Business School. He began his professional career working for a Minnesota-based printing company. He eventually purchased the company from the previous owner and grew it into the Taylor Corporation, a multinational company that focuses on printing and electronics, and currently employs 15,000 people. He is a member of the Republicn Party, and was a State Senator for Minnesota from 1981 to 1990. In 1994, he purchased the Minnesota Timberwolves basketball team. As of 1999, he is also the majority owner of the Minnesota Lynx WNBA team. He is the current Chairman of the NBA Board of Governors. He currently resides in Mankato, Minnesota, which is also the home of the Taylor Corporation.
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