Rank #1730
T. Denny Sanford
Net worth $2.4B
Banking, credit cards · United States
- Born
- Dec 23, 1935
- Age
- 90
- Source
- Banking, credit cards
- Residence
- Sioux Falls, South Dakota
- Citizenship
- United States
- Marital status
- Divorced
- Children
- 2
- Education
- Bachelor of Arts/Science, University of Minnesota
Net worth over time
Biography
- 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 18 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, First Premier.
- Sanford was previously investigated for child pornography after photos of nude underage girls were discovered in his email.
- The investigation was closed and charges were never brought. Sanford said his email was hacked.
- 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.