Forbes magazine is out with its list of the richest residents in each state and an agribusinessman from Adel is listed as Iowa’s richest person.
Seventy-four-year-old Harry Stine is the founder of Stine Seed. He started experimenting with corn and soybean genetics in the 1960s and got patents on key soybean genetics in the 1990s. Stine Seeds has negotiated lucrative licensing contracts with companies like Monsanto and Syngenta that are marketing products based upon Stine’s genetic research.
Forbes pegs Stine’s net worth at $3.6 billion. The magazine’s website says Stine drives a Ford F-150 pick-up and lives in a small home near the Stine Seed headquarters.
Investment guru Warren Buffet is the richest person in Nebraska. South Dakota’s richest resident is a banker. The part-owner of Cargill is the richest person in Minnesota. Wisconsin’s richest person founded the Menard’s chain of home improvement stores. The richest person in Illinois is a hedge fund manager and Missouri’s richest person owns the St. Louis Rams, but recently struck a deal to move the team to Los Angeles.