After graduating, he founded Albaugh, Inc., a company that produces and distributes agricultural chemicals. The company has grown to become one of the largest privately-held companies in the United States, and Albaugh himself is now the richest person in Iowa.
Dennis Albaugh is an American businessman and the richest person in Iowa, with a net worth of $1.5 billion. He attended Des Moines Area Community College to focus on agricultural business, and after graduating, founded Albaugh, Inc., a company that produces and distributes agricultural chemicals. The company has grown to become one of the largest privately-held companies in the United States, and Albaugh himself is now the wealthiest person in Iowa.
Dennis Albaugh is a member of Executives
💰Dennis Albaugh Net worth: $1.5 Billion
Some Dennis Albaugh images
After graduating, he focused on fertilizer and seed sales, traveling all over the country for seven years. In 1979, he left sales to focus on opening his own company, Albaugh, Inc., with a focus on fertilizer. After mortgaging his house, he set out to build a client base. His inaugural year was a complete disaster, and he struggled throughout the early 80s, just barely breaking even. In the late 80s, he began selling glyphosate, the primary ingredient in the herbicide, Roundup, made by Monsanto. When the patent for the chemical ended in the US, he bought factories in Argentina and Brazil to continue manufacturing it. His business has continued to expand, and he is also developing farmland in his home state.
