Glen Taylor
| Glen Taylor | |
|---|---|
| 9th Minnesota Senate Minority Leader | |
|
In office January 9, 1985 – January 5, 1987 | |
| Preceded by | James E. Ulland |
| Succeeded by | Duane Benson |
| Minnesota State Senator | |
|
In office January 6, 1981 – February 3, 1990 | |
| Personal details | |
| Born | April 20, 1941 |
| Political party | Republican |
| Spouse(s) | Becky Mulvihill |
| Children | Jean, Terri, Taylor Moor, Jeff, and Kendahl |
| Residence | Mankato, Minnesota, United States |
| Alma mater |
Minnesota State University Harvard Business School |
| Occupation |
Businessman and Entrepreneur Owner, Minnesota Timberwolves and Minnesota Lynx |
Glen A. Taylor (born April 20, 1941) is an American billionaire businessman who is the majority owner of the Minnesota Timberwolves National Basketball Association team, owner of the Minnesota Lynx WNBA basketball team and a former member of the Minnesota Senate.
Biography
Taylor grew up on a farm in Comfrey, Minnesota. He graduated from Comfrey High School in 1959, and received a B.S. from Minnesota State University, Mankato in 1962. In 1982 he participated in an executive education program for business owners and presidents at Harvard Business School.
During and after college, he worked at Carlson Wedding Service (later Carlson Craft), a Mankato print shop specializing in formal invitations. In 1975, company owner Bill Carlson wanted to retire, and Taylor offered to pay $2 million over the course of 10 years for the company. This purchase (which he paid off early) formed the basis for the Taylor Corporation, a privately held multinational printing and electronics company with more than 15,000 employees and based in North Mankato, Minnesota. Taylor continues to serve as chairman and CEO.
Taylor was a Republican Minnesota State Senator from 1981 to 1990, serving as assistant minority leader from 1983 to 1985 and Minority Leader from 1985 to 1988.
Taylor purchased majority ownership of the Minnesota Timberwolves basketball team in 1994. Taylor purchased the Minnesota Lynx WNBA basketball team in 1999. Taylor was in talks to buy the Minnesota Twins but nothing has come of it. In 2005, he was also rumored to be a possible buyer for the Minnesota Vikings, but was outbid by Zygi Wilf. He is currently the chairman of the Board of Governors for the NBA. Before Donald Sterling, Glen Taylor was the only NBA owner to be suspended for more than a couple of games. In 2000, he was banned for nearly a year for signing Joe Smith to a secret contract in violation of the league's salary cap rules (Washington Express, P15 April 30, 2014).
Taylor has been ranked No. 149 on the Forbes 400 and his company No. 254 on Forbes ranking of private United States corporations. His net worth was reported by Forbes to be $1.86 billion in 2015.[1]
Taylor purchased the Star Tribune newspaper in 2014 for about $100 million.[2]
References
- ↑ "Glen Taylor". Forbes. Retrieved 2015-09-27.
- ↑ "July 1, 2014: Glen Taylor finalizes purchase of Star Tribune". StarTribune.com. 2014-07-01. Retrieved 2015-09-27.
External links
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