Gary Tharaldson

$1.22 B

Ranked #2971 in World

About Gary Tharaldson

Gary Tharaldson, an influential American entrepreneur born in 1945, is renowned for founding Tharaldson Companies, a conglomerate that significantly impacts the U.S. hotel industry. A Valley City State University alum, Tharaldson's journey began in education before venturing into hospitality by acquiring a Super 8 Motel in 1982 in Valley City, North Dakota. His strategic vision led to the expansion of Tharaldson Hospitality, which at its peak, managed numerous hotels across America. Noteworthy milestones include a $1.2 billion deal in 2006, selling 130 hotels to Whitehall Real Estate Fund, and subsequent investments in national real estate via Diversified Asset Management. Tharaldson's accolades include a Forbes 400 Richest Americans mention in 1998 and a 2003 induction into the Scandinavian-American Hall of Fame.

Born

October 17, 1945 in Dazey, North Dakota, U.S.

Age

80 years

Source Of Wealth

Hotels

Industries

Real Estate

Citizenship

United States

Residence

Fargo, North Dakota

Gary Tharaldson, a prominent American entrepreneur and the founder of Tharaldson Companies, was born in 1945 in the small town of Dazey, North Dakota. Growing up in the rural Midwest, Tharaldson developed a strong work ethic and a passion for entrepreneurship from an early age.

Gary Tharaldson: Family

Tharaldson comes from a close-knit family. His parents, Norwegian immigrants, instilled in him the values of hard work, integrity, and community service. Tharaldson's family has been a pillar of support throughout his life and career.

Gary Tharaldson: Career Highlights

After graduating from Valley City State University with degrees in Business Administration and Physical Education, Tharaldson embarked on a teaching career. He taught school in Leonard, North Dakota for two years before venturing into the business world.

In 1982, Tharaldson founded Tharaldson Companies with the purchase of a Super 8 Motel in Valley City, North Dakota. Over the years, Tharaldson Companies expanded rapidly, becoming one of the leading hotel development and management companies in the United States. Tharaldson's business acumen and strategic vision played a pivotal role in the company's success.

Tharaldson Hospitality, a subsidiary of Tharaldson Companies, specializes in building and operating hotels across the country. The company has a diverse portfolio of properties, ranging from budget-friendly motels to upscale resorts.

Gary Tharaldson: Companies

Tharaldson Companies encompasses a diverse range of businesses, including Tharaldson Hospitality, Diversified Asset Management, and several real estate ventures. Tharaldson's entrepreneurial spirit and keen eye for investment opportunities have driven the growth and success of his companies.

Gary Tharaldson: Major Achievements

Tharaldson's remarkable achievements have earned him recognition and accolades throughout his career. In 1998, he was listed among the Forbes 400 Richest Americans, a testament to his exceptional business acumen and financial success.

In 2003, Tharaldson was inducted into the Scandinavian-American Hall of Fame, an honor bestowed upon individuals of Scandinavian descent who have made significant contributions to American society.

This prestigious recognition highlighted Tharaldson's outstanding achievements and his commitment to his heritage.

Gary Tharaldson: Awards & Achievements

Tharaldson's contributions to the business community and his philanthropic efforts have been widely recognized. He has received numerous awards and accolades, including the Ernst & Young Entrepreneur of the Year Award and the Horatio Alger Award. These honors underscore Tharaldson's exceptional leadership, innovation, and dedication to making a positive impact on society.

Gary Tharaldson: Personal Life & Legacy

Despite his professional success, Tharaldson remains grounded and committed to his family and community. He is actively involved in various charitable organizations and educational institutions, particularly the University of Mary in Bismarck, North Dakota. Tharaldson's legacy extends beyond his business achievements, as he is known for his generosity, humility, and commitment to giving back.

Gary Tharaldson: Trivia

Tharaldson's entrepreneurial journey began with a modest investment of $10,000. His remarkable success story serves as an inspiration to aspiring entrepreneurs, demonstrating that with determination, hard work, and a clear vision, anything is possible.

Wealth History

Timeline

1945

Gary Tharaldson is born in Dazey, North Dakota.

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Graduates from Valley City State University with degrees in Business Administration and Physical Education.

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Teaches school in Leonard, North Dakota for two years.

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Becomes extensively involved at the University of Mary in Bismarck, North Dakota.

1982

Tharaldson Companies is established with the purchase of a Super 8 Motel in Valley City, North Dakota.

1998

Gary Tharaldson is listed among the Forbes 400 Richest Americans.

2003

Gary Tharaldson is inducted into the Scandinavian-American Hall of Fame.

2006

The Tharaldson Family sells 130 hotels to Whitehall Real Estate Fund for $1.2 billion.

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Proceeds from the sale are invested in key land properties around the nation, managed by Diversified Asset Management in Las Vegas, Nevada.

Gary Tharaldson : FAQs

What is Gary Tharaldson's current net worth?

Gary Tharaldson's current net worth is $1.22 billion.

What is Gary Tharaldson's current global rank among billionaires?

Gary Tharaldson holds the 2971st position globally among billionaires.

What is Gary Tharaldson's current ranking within the United States?

Gary Tharaldson holds the 889th position in United States.

What was the change in Gary Tharaldson's net worth compared to the previous year?

Gary Tharaldson's net worth decreased by 0 million dollars compared to the previous year 2025, when his net worth was 1.22 billion dollars.

What are Gary Tharaldson's main sources of wealth?

Gary Tharaldson's main source of income comes from Hotels.

In which industry does Gary Tharaldson primarily operate?

Gary Tharaldson is primarily involved in the Real Estate industry.

How old is Gary Tharaldson?

Gary Tharaldson is 80 years old.

How many children does Gary Tharaldson have?

Gary Tharaldson has 6 children.

Who is Gary Tharaldson and what is his contribution to the hospitality industry?

Gary Tharaldson is an American entrepreneur who founded Tharaldson Companies, which builds and operates hotels across the United States, transforming the hospitality industry since its establishment in 1982.

What are Gary Tharaldson's academic qualifications and early career?

Gary Tharaldson graduated from Valley City State University with degrees in Business Administration and Physical Education, and he taught school in Leonard, North Dakota for two years before embarking on his entrepreneurial journey.

How did Gary Tharaldson start his venture into the hotel business?

Gary Tharaldson entered the hotel business in 1982 with the purchase of a Super 8 Motel in Valley City, North Dakota, marking the beginning of Tharaldson Companies.

What major deal did the Tharaldson Family close in 2006, and how did it impact their investments?

In 2006, the Tharaldson Family sold 130 hotels to Whitehall Real Estate Fund for $1.2 billion, and the proceeds were invested in key land properties around the nation, managed by Diversified Asset Management in Las Vegas, Nevada.

What recognitions has Gary Tharaldson received for his achievements and impact?

Gary Tharaldson was listed among the 1998 Forbes 400 Richest Americans and was inducted into the Scandinavian-American Hall of Fame in 2003, recognizing his significant contributions and impact.