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Glen Taylor Net Worth, Biography & Wiki 2017
Glen Taylor was born on the 20th April 1941, in Springfield, Minnesota USA, and is a businessman, politician, and sports team owner, best known as the majority owner of the NBA team the Minnesota Timberwolves, and the owner of the WNBA Minnesota Lynx. Taylor is also a former member of the Minnesota Senate. His career has been active since 1975.
Have you ever wondered how rich Glen Taylor is, as of mid-2016? According to authoritative sources, it has been estimated that Glen Taylor’s net worth is as high as $2.3 billion, an amount earned through his successful entrepreneurial career. In addition to being involved in sports and politics, Taylor owns a multinational company, which has also improved his wealth.
Glen Taylor Net Worth $2.3 Billion
Glen Taylor grew up on a farm in Comfrey, Minnesota where he went to the Comfrey High School and matriculated in 1959. He later studied at the Minnesota State University in Mankato and graduated with a BSc degree in mathematics, physics and social studies in 1962. While at college, Taylor worked in a local print shop called Carlson Wedding Service, which specialized in wedding invitations. When owner of the company Bill Carlson wanted to retire in 1975, Taylor offered to buy it from him for $2 million, paid over ten years.
That purchase was a foundation for the Taylor Corporation, a multinational printing company that currently employs 15,000 people, including more than 5,000 Minnesotans. It consists of more than 70 operating divisions in 19 states, three Canadian provinces, the United Kingdom, Australia, the Netherlands, Sweden, and Mexico. The company is based in North Mankato, Minnesota, and Taylor is serving as a CEO and chairman, and as his company has developed, his net worth has increased to a large degree.
Taylor is a member of the Republican Party and served as a Republican Minnesota State Senator from 1981 to 1990, working as assistant minority leader from 1983 to 1985, and later as a Minority Leader from 1985 to 1988, which also added to his net worth.
As a Minnesota native, Taylor wanted to invest in sports teams in his home state, so in 1994 he became the majority owner of the Minnesota Timberwolves. During his tenure at the club, Minnesota already made a first playoff appearance in the franchise history in 1996, led by Kevin Garnett, Tom Gugliotta, and Stephon Marbury. In 1997, the Timberwolves had their first winning season with a 45-37 record, reaching the post-season for the second time in a row. The success and increasing popularity of the team certainly benefited Glen`s net worth. The team wasn’t the same when Marbury left for the New Jersey Nets, and Minnesota didn’t record important results until the 2003-04 season when they finished first in the Western Conference and reached the Conference Finals where they lost to the Los Angeles Lakers in six games.
In 2000, Taylor was involved in a controversy, signing Joe Smith to a secret contract against the league’s rules, and he was banned for nearly a year. He bought the WNBA team Minnesota Lynx in 1999, and also wanted to purchase the MLB team Minnesota Twins, but his bid was rejected. In 2005, Taylor was in contention to become the new Minnesota Vikings owner, but Zygi Wilf outbid him.
Most recently, Taylor bought the Star Tribune for about $100 million in 2014, and is currently serving as chairman of the board of governors for the NBA.
Regarding his personal life, Glen Taylor has been married to Becky Mulvihill since 2007, and the pair has five children. He currently resides in Mankato, Minnesota.