T. Denny Sanford

About T. Denny Sanford

Birth Day: December 23, 1935
Birth Place: Sioux Falls, South Dakota, United States
Birth Sign: Capricorn
Alma mater: University of Minnesota
Occupation: Owner and founder of First Premier Bank Chief executive officer of United National Corp.
Salary: In excess of US$ 1 million

T. Denny Sanford Net Worth

T. Denny Sanford was bornon December 23, 1935 in Sioux Falls, South Dakota, United States. 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.
T. Denny Sanford is a member of Finance and Investments

💰 Net worth: $2.5 Billion (Updated at 22 June 2018)

2009 $1 Billion
2016 $1.8 Billion
2017 $1.8 Billion
2018 $2.18 Billion

Some T. Denny Sanford images

Biography/Timeline

1935

Thomas Denny Sanford was born on December 23, 1935, in Saint Paul, Minnesota, during the Great Depression. Sanford's mother, Edith, died when he was 4 years old from breast cancer. His first job was at age 8 working in his father's garment shop. In his teenage years, he was arrested for drinking and fighting and placed in a Juvenile detention center, being released after 36 days on the condition that he enroll in college. He became a student at the University of Minnesota, intending to become a Doctor. But he struggled with chemistry and switched majors. At age 20, Sanford's Father passed away. Sanford eventually graduated from the University of Minnesota with a degree in psychology in 1958.

1958

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.

2006

BusinessWeek magazine listed him as one of the top-50 most generous Philanthropists in November 2006.

2007

On February 3, 2007, Sanford announced a $400 million gift to Sioux Valley Hospitals and Health System, which renamed itself Sanford Health. Largely because of this gift, Sanford came in third on The Chronicle of Philanthropy "Philanthropy 50: Americans Who Gave the Most in 2007."