LeaderPortfolio
family
H
Rank #338
UNITED STATESFood & BeverageAgriculture

Harry Stine & family

Net Worth
$9.891B
0% (24h)
Harry Stine, the founder of Stine Seed Company, is an 84-year-old American businessman and entrepreneur who made his fortune in agriculture. He is the wealthiest person in Iowa, with a net worth of $9.9 billion. Stine's career began with a focus on soybean genetics and led to the creation of the world's largest private seed company. His focus on research and innovation, including licensing corn and soybean genetics to major agribusiness corporations, has significantly contributed to the advancement of agricultural productivity. Stine, who is dyslexic and moderately autistic, is known for his modest lifestyle and his dedication to his family and community, including supporting education and local institutions.

The Full Dossier

Early Life and Education

Harry H. Stine was born in Adel, Iowa, in 1941/1942. His family had deep agricultural roots, with his great-grandparents establishing a farm in 1871. Stine graduated from Central Dallas High School and then McPherson College in Kansas with a degree in crop science.

Rise to Success

In 1964, Stine joined his father's soybean cleaning business, Stine Seed Farm. His interest in seed breeding was sparked by observing high-yielding soybean plants, leading him to start a soybean breeding program the same year. In the 1970s, he founded the first private soybean research and development company in the United States, Improved Variety Research (IVR). Stine launched retail soybean seed sales under his own label, Stine Soybean Seeds, in 1979. He made his fortune by licensing soybean and corn genetics to large multinational corporations like Syngenta and Monsanto.

Key Business Strategies

Stine Seed Company became the world's largest private seed company, with over 800 patents. Stine's company has operations in 14 different countries. Stine's strategy involved a focus on research, innovation in genetics, and licensing high-yield seed varieties, significantly impacting global agriculture and crop productivity. His company has developed high-density corn varieties and has the broadest lineups of Enlist E3 soybeans.

Philanthropy

Stine established the Stine Family Foundation, which supports charitable causes, including education, healthcare, and community development. He has donated to educational institutions and supports healthcare initiatives.

Career Timeline

1990s

Licensing Deals

Struck lucrative licensing deals with large multinational corporations for soybean and corn genetics.

1979

Launched Retail Soybean Seed Sales

Began selling soybean seed under the Stine Soybean Seeds label.

1970s

Founded Stine Seed Company

Founded the first private soybean research and development company in the United States

1964

Joined Stine Seed Farm

Joined his father's soybean cleaning business.

Philanthropic Impact

Philanthropy & Grantmaking$19.9M (Total assets)

Stine Family Foundation

Supports various charitable causes, including education, healthcare, and community development.

Wealth Trajectory