Rank #3034
Gary Tharaldson
Net worth $1.2B
Hotels · United States
- Born
- Oct 17, 1945
- Age
- 80
- Source
- Hotels
- Residence
- Fargo, North Dakota
- Citizenship
- United States
- Marital status
- Married
- Children
- 6
- Education
Net worth over time
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.
- Tharaldson once worked as a physical education teacher and insurance salesman.
- Tharaldson is the richest person in North Dakota.