en.wikipedia.org/wiki/Cargill_family
2 corrections found
their revenue was estimated at USD$49 billion, and $113.5 billion in 2019.
This mixes up two different metrics. Forbes’ $49 billion figure was the family’s 2016 net worth, while $113.5 billion was Cargill’s 2019 company revenue—not the family’s revenue.
Full reasoning
The statement conflates family wealth with corporate revenue.
- Forbes’ 2016 richest-families ranking lists the Cargill-MacMillan family at $49 billion in net worth.
- Separately, Forbes’ company profile for Cargill lists 2019 revenue of $113.5 billion for Cargill the company.
Those are not the same kind of number, and neither source describes the family itself as having “revenue” of $49 billion or $113.5 billion. The article appears to have combined a family-wealth figure with a company-revenue figure and labeled both as the family’s revenue.
2 sources
- Billion-Dollar Clans: America's 25 Richest Families 2016
Rank 4 Cargill-MacMillan family $49 billion Cargill Inc.
- Cargill | Company Overview & News
2019 ... Revenue ... $113.5B
Margaret Anne Cargill, a fourth generation member of the Cargill family,
Margaret Anne Cargill was William W. Cargill’s granddaughter, which makes her third generation from the founder, not fourth.
Full reasoning
This generation label is off by one.
Authoritative biographical sources describe Margaret Anne Cargill as the granddaughter of Cargill founder William W. Cargill. In a founder-based family count, the founder is the first generation, the founder’s children are the second, and a granddaughter is the third generation.
So calling Margaret Anne Cargill a fourth generation family member is incorrect.
2 sources
- Working With Us - Margaret A. Cargill Philanthropies
The granddaughter of William W. Cargill, founder of Cargill, Incorporated, Ms. Cargill spent much of her childhood in Minneapolis with her parents Austen and Anne Cargill and her brother James.
- Margaret Anne Cargill, 85; Anonymous Philanthropist - The Washington Post
She was a granddaughter of William Cargill, who in 1865 founded the grain storage firm that became one of the world's largest private companies.