Gary Tharaldson net worth: Gary Tharaldson is an American entrepreneur who has a net worth of $1 billion dollars. Born in Dazey, North Dakota, Gary Tharaldson graduated from Valley City University with dual degrees in Business Administration and Physical Education. After graduating from college, he began graduate school at North Dakota State University, while also teaching. In the early 80s, he launched the Tharaldson Companies. The Tharaldson Companies is a hospitality business that operates and maintains multiple hotels around the United States. Mr. Tharaldson started with the purchase of one Super 8 Motel, and has grown the Tharaldson Companies into one of the most successful developers of new hotels in the US. In 2006, Tharaldson Companies sold 130 hotels to Goldman Sach's real estate arm, the Whitehall Real Estate Fund. The bill was $1.2 billion in cash. Mr. Tharaldson invested the majority of the profits in a range of important properties in multiple states.
Billionaire Status: For much of decade between 2010 and 2019 Gary Tharaldson's net worth ranged between $600 and $900 million. In June 2019 his net worth finally topped billionaire status for the first time in his life. That still makes him the richest person in North Dakota by a mile and the state's first official home-grown billionaire.