The Free Press, Mankato, MN

Local News

July 17, 2014

Davis family wealth: $1.7 billion

Cambria, Davisco, Sun Country family on Forbes list

LE SUEUR — The Mark Davis family of Le Sueur and Nicollet counties has been listed by Forbes as the 130th richest family in America with a net worth of $1.7 billion as of July.

The family’s holdings include Davisco Foods International, Cambria countertops, dairy farms, cheese operations and Sun Country Airlines.

Stanley Davis founded what's now Davisco foods in 1943, selling butter to U.S. government during World War II. His son Mark began working for the company as a delivery driver in 1959 and started managing its cheese operation a decade later. In 1972, Mark switched the company's focus to cheese, leading to a boon in sales that has seen Davisco grow into one of Kraft's largest suppliers.

The wealthiest family in America, according to Forbes is the Waltons, owners of Wal-Mart and Sam's Club with an estimated net worth of $152 billion.

Minnesota's richest is the Cargill-MacMillan family, worth $43 billion.

The magazine lists 185 families in the country that are worth $1 billion or more.

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