T. Denny Sanford
$2.1B
Born
Dec 23, 1935
Age
89
Source of Wealth
Banking, credit cards
Residence
Sioux Falls, South Dakota
Citizenship
United States
Marital Status
Divorced
Children
2
Education
Bachelor of Arts/Science, University of Minnesota
- T. Denny Sanford owns First Premier Bank, which specializes in offering credit cards to high-risk borrowers.
- The Sioux Falls, South Dakota, bank has just 17 branches, but is one of the largest issuers of Mastercards - many with steep rates and low limits.
- An active philanthropist, Sanford says he wants to die broke. To do that he'd have to give away his most valuable asset, credit card issuer First Premier.
- Sanford funds his charitable giving with hefty dividends from First Premier
- Sanford has given more than $1 billion to Sanford Health, a group of 43 nonprofit hospitals formerly called the Sioux Valley Health System.
- Sanford's children's education initiatives include one for young boys and girls which he hopes will cut America's divorce rate by 50% in the next 50 years.
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