Larry Menard Net Worth – Personal Finance Seven Wisconsin Billionaires Make Forbes 400 Super Rich List Wisconsin recently lost one of its wealthiest residents, but seven billionaires still call the Badger State home, according to Forbes.
Forbes magazine’s latest list of Wisconsin’s richest people. According to the 2022 ranking, Wisconsin has one less billionaire than last year. (Scott Anderson/)
Larry Menard Net Worth
WISCONSIN. For the first time since the Great Depression, the 400 richest Americans didn’t get richer this year, according to the 2022 Forbes 400, but not all seven of Wisconsin’s billionaires did.
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According to Forbes, the combined wealth of super-rich Americans fell by $500 billion, or 11 percent, to $4 trillion. The Forbes list is based on stock prices as of September 2.
The fortunes of most of Wisconsin’s billionaires have increased recently, Forbes reports, but recent changes in the stock market may also affect Wisconsin’s wealthiest residents.
Herbert Kohler Jr., who died in 2022, recently lost a member of the 2022 Forbes list of Wisconsin billionaires. Kohler used to be the Badger State’s third-richest person.
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“The rich don’t always get richer,” said Chase Peterson-Whithorn, deputy editor of Forbes magazine, noting that like many Americans, the nation’s 400 richest people are feeling the stock market slump.
“But they just do it,” he said. As a group, they are a trillion dollars richer than they were in 2019, before the start of the COVID-19 pandemic.
Elon Musk, who founded six companies, including electric car maker Tesla and rocket maker Space X, topped the list of America’s super-rich for the first time on Thursday with a fortune of $263.2 billion. That’s an increase from $251 billion since September 2.
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He displaced Amazon founder Jeff Bezos, who had topped the list for four years. At the time of listing, Bezos was worth $141.4 billion, up from $151 billion.
Facebook founder and Meta Platforms co-founder Mark Zuckerberg entered the top 10, rising from third place last year to 11th. Its real-time net worth was $51.2 billion on Thursday, down from $57.7 billion at the time of listing.
Since September 2021, Zuckerberg has lost more than half of his fortune, or $76.8 billion, according to Forbes. Over the past year, no one from the Forbes 400 lost more money than Zuckerberg, the financial publication reports.
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Former President Donald Trump is back on the list after a drop in his ratings in 2021. Forbes magazine estimates his real-time net worth at $3.2 billion. Forbes notes that New York Attorney General Letitia James has sued Trump, her three children and the Trump Organization for $250 million, alleging that they repeatedly and grossly inflated the value of her properties to obtain loans. The Menard collection will be auctioned on October 2 | VanDerBrink Auction Image
If you live in the Midwest, you probably know Menards as a store that sells lumber, tools, doors, windows, roofing, flooring, paint, appliances, and more.
Even if you don’t live in the Midwest, you may recognize the Menard family name from Indy and race cars.
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The company was founded by John Menard Jr., the oldest of eight siblings, who attended college and sold surplus lumber on railroad tracks. He opened his first hardware store in 1964.
His younger brother, Larry, was a key part of the shop’s expansion program, John’s passion for racing cars, and Larry became a car collector. Larry passed away in 2019, but the auction of his Larry and Dawn Menard Collection of cars was postponed due to the coronavirus pandemic.
The auction will also be held at a new location. The sale will be held at the Northern Wisconsin State Fairgrounds Expo in Chippewa Falls instead of the Menard Collection.
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Yvette VanderBrink wrote: “This incredible collection of collector cars, badges and Petroliana was acquired over many years of searching for just that car and those memorabilia.” “Larry and Dawn enjoyed going to shows and auctions together and scouring antique stores for items to add to their collections. Larry and Dawn Menard had assembled their collection and were excited to show it to other collectors.
“Larry Menard was often the face of Menards and spent many hours working and inspecting Menard stores throughout the Midwest,” he continued. “That gave him plenty of time to look for the next addition to their collection.”
More than 30 cars for sale include Fords from the 1930s and mid-century models from a variety of manufacturers, including Chevrolet and Corvette. In addition, motorcycles, vintage tractors, scooters, gas pumps and signposts were placed at the airport.
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Larry Edsall, a former daily newspaper sports editor, was the editor of AutoWeek for decades before moving to the Internet and authoring more than 15 auto books. In addition to being the founding editor of ClassicCars.com, Larry has written for The New York Times, The Detroit News, and served as Professor Emeritus at Arizona State University’s Walter Cronkite School of Ism and Mass Communication. John Maynard Jr. In 1958, the first seed, Menards, a home goods retail chain, sold stilts as a means of financing its education. After graduating from college, Menard was able to devote all his energy to business and purchased land in Eau Claire to open a small office and store. He opened his first business, Menards Cashway Lumber, a construction company that sold lumber and building materials to the public. He opened his first hardware store in 1972, seven years before one of his main competitors, Home Depot, opened.
Today, Menards has more than 330 stores in 15 states. It ranks 34th on the National Retail Federation’s Top 100 Retailers list, with 2021 revenue of $13.1 billion.
Menard remains the majority shareholder of the merged business. Menard is ranked 104th on the Forbes list of the world’s billionaires and is the richest person in Wisconsin with a fortune of $17.3 billion.
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Menard has been involved in auto racing for decades and sponsored the winning car in the 2019 Indy 500.
In 2008, Menard donated $15 million to build a new emergency department at Luther Middlefort Hospital in Eau Claire. In 2015, he gave $10 million to the Eau Claire Area YMCA to build the John and Faye Menard YMCA Tennis Center.
He gave $2.1 million to the University of Wisconsin La Crosse College of Business, $2.4 million to the UW-Stout Foundation and $3 million to the UW-Eau Claire Center for Constitutional Studies. Menard also regularly donates to conservative political groups, candidates, parties and committees.
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Founder and owner of Menards | Eau Claire John Menard Jr. In 1958, Menards planted the seeds for the home goods retail chain by selling pole buildings as a means of financing his education. After graduating from college, Menard was able to devote all his energy to business and purchased land in Eau Claire to open a small office and store. He opened his first business, Menards Cashway Lumber, a construction company that sold lumber and building materials to the public. He opened his first hardware store in 1972, seven years before one of his main competitors, Home Depot, opened. Today, Menards has more than 330 stores in 15 states. It ranks 34th on the National Retail Federation’s Top 100 Retailers list, with 2021 revenue of $13.1 billion. Menard remains the majority shareholder of the merged business. With a net worth of $17.3 billion, Menard is the richest person in Wisconsin, ranking 104th on the Forbes list of the world’s billionaires. Menard has been actively involved in motor racing for decades, sponsoring winning cars. 2019 Indy 500 In 2008, Menard donated $15 million to support Luther Middlefort Hospital in Eau Claire, which supported a new emergency department. In 2015, he gave $10 million to the Eau Claire Area YMCA to build the John and Faye Menard YMCA Tennis Center. He gave $2.1 million to the University of Wisconsin La Crosse College of Business, $2.4 million to the UW-Stout Foundation and $3 million to the UW-Eau Claire Center for Constitutional Studies. Menard also regularly donates to conservative political groups, candidates, parties and committees. Education: BA, UW-Eau ClaireEAU CLAIRE, Wisconsin. () – Dawn and Larry Menard collected a wide variety of classic cars and memorabilia during their time together.
“We both loved it,” Dawn said. “We have been married for 19 years and together for 25 years.”
“There wasn’t a car he didn’t like,” Dawn said. “People said he loved it, and I always said I loved the cars he drove.”
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Before Larry’s death in 2019, Don asked him what he wanted to do with his 300-piece collection.
“I asked him about selling before he died, but he was not happy with the idea.
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