T. Denny Sanford’s profile picture

T. Denny Sanford

T. Denny Sanford’s profile picture
Net worth 2018: $2.18 Billion
Residence: Sioux Falls, South Dakota
Country: United States
BirthDay: 23 December 1935
Sigh: Capricorn
Children: 2
Education: Bachelor of Arts / Science, University of Minnesota
BIOGRAPHY

T. Denny Sanford was bornon 23 December 1935 in Sioux Falls, South Dakota, United States. T. Denny Sanford is #1113 in List Billionaires People In The World. T. Denny Sanford owns First Premier Bank, which specializes in offering credit cards to high-risk borrowers. The Sioux Falls-based bank has just 12 branches, but is one of the largest issuers of Visa and Mastercards -- many with steep rates and low limits. An active philanthropist, Sanford says he wants to die broke. But he faces a rare problem: He says he can't get rid of his fortune fast enough. Thanks to hefty dividends from First Premier, Sanford is no closer to bankruptcy than when he began, despite giving more than $1.6 billion to charity.

NET WORTH STATISTIC
2009

$1 Billion

2016

$1.8 Billion

2017

$1.8 Billion

2018

$2.18 Billion

TIMELINE
Thomas Denny Sanford (born December 23, 1935 in Saint Paul) is a South Dakota businessman and philanthropist. He is the chairman and chief executive officer of United National Corporation.Sanford made his fortune as the owner of First PREMIER Bank and PREMIER Bankcard, both among the nation's leading credit card providers. Premier Bankcard issues low-limit Mastercards and Visas to credit-impaired customers, charging higher-than-average interest rates and fees. The typical customer stays only 18 months before graduating to a better rate. "We provide a lifeline for credit-impaired people," Sanford told Forbes magazine.The Denny Sanford PREMIER Center in Sioux Falls, South Dakota, is named for him.BusinessWeek magazine listed him as one of the top-50 most generous philanthropists in November 2006.On February 3, 2007, Sanford announced a $400 million gift to Sioux Valley Hospitals and Health System, which renamed itself Sanford Health. Sanford's total philanthropic gifts have exceeded $500 million, and are generally geared toward improving the quality of life for children.Others receiving significant gifts include:Sanford graduated from the University of Minnesota in 1958 with a degree in psychology. In 2003, Sanford and the University of Minnesota announced that Sanford would donate $35 million towards a proposed new football stadium for the Minnesota Gophers football team; a deal which would have given him full naming rights. However, that deal fell through in late 2003 when the two parties were unable to reach an agreement on terms of the funding. Later in 2005, TCF Bank won the bid to receive naming rights for the new stadium.On May 21, 2009, the University of Minnesota accepted a $6 million donation to name the athletic hall of fame within TCF Bank Stadium in his honor. This donation was the final amount to close out the $86 million in private fundraising for the stadium.
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