What is T. Denny Sanford's Net Worth?
T. Denny Sanford is a businessman and philanthropist out of South Dakota who has a net worth of $2.3 billion. T. Denny Sanford is the richest person in South Dakota. His net worth was largely accumulated during his time as the owner of First Premier Bank and its subsidiary Premier Bankcard, both of which are listed among the biggest providers of credit cards in the world.
Sanford is infamous in the business world for the credit cards issued by First Premier Bank and Premier Bankcard, which to this day carry the highest credit card fees in the country. Despite their low credit limits, these cards carried fees of $256 a year until federal law banned these types of fees in the credit card business. Now, they have a fee of 79.9% which still puts them at the very top of the list of highest credit card fees in the United States. Despite the predatory nature of the business which gave him his wealth, Sanford is known as a very generous philanthropist, having donated an estimated grand total of $500 million to various charitable organizations over the course of his career. The vast majority of these charitable donations have been geared toward organizations
