Gary Tharaldson
$1.2B
Born
Oct 17, 1945
Age
80
Source of Wealth
Hotels
Residence
Fargo, North Dakota
Citizenship
United States
Marital Status
Married
Children
6
Education
- 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.
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