R D Offutt Net Worth (Updated 2026).
R.D. Offutt, often simply referred to as “RDO,” began his career in the most humble of circumstances. Born into a farming family in rural Iowa, Offutt’s first job was working the land alongside his father and brothers. It was here that he cultivated a deep understanding of the land and the challenges faced by farmers, an understanding that would later prove invaluable.
Offutt’s big break came in the late 1970s when he decided to branch out from traditional farming. With a loan from his father and a leap of faith, he started a small-scale hog operation. This was the beginning of what would become one of the largest and most influential farming operations in the United States.
Table Of Contents
R.D. Offutt’s Current Net Worth (as of 2025)
As of 2025, R.D. Offutt’s current net worth is estimated to be around $2.5 billion, according to the latest available information from Forbes.
Career
R.D. Offutt, full name Russell D. Offutt, is an American businessman and farmer. He is the founder and CEO of R.D. Offutt Company, a potato farming and processing business based in Minnesota. Offutt started his career in the early 1970s, working on his family’s farm. In 1978, he founded his own company, which has since grown to become one of the largest potato producers in the United States.
Other Ventures
In addition to his potato business, Offutt has invested in various other ventures. He is a part-owner of the Minnesota Timberwolves, an NBA team, and has also invested in real estate and other agricultural businesses. Offutt’s diverse portfolio reflects his interest in different industries and his commitment to growing his wealth beyond his core business.
Assets
Offutt’s assets include his primary residence in Minnesota, valued at over $10 million, as well as several other properties across the state. He also owns a private jet, a collection of luxury cars, and a significant stake in the Minnesota Timberwolves. His most valuable asset, however, is his majority stake in the R.D. Offutt Company, which is estimated to be worth hundreds of millions of dollars.
Annual Income
Offutt’s annual income is primarily derived from his stake in the R.D. Offutt Company. According to Forbes, his estimated annual income in 2025 is around $100 million. This figure is subject to change and may not reflect his actual earnings. Offutt’s income also includes dividends from his investments in other businesses and properties.
Frequently Asked Questions about R D Offutt
**Frequently Asked Questions: R.D. Offutt**
1. What is R.D. Offutt’s net worth?
R.D. Offutt’s net worth is estimated to be around $3 billion.
2. Who is R.D. Offutt?
R.D. Offutt is an American businessman and the founder of RDO Equipment Co., a John Deere construction and forestry equipment dealer.
3. How did R.D. Offutt build his wealth?
Offutt built his wealth through the success of RDO Equipment Co., which he founded in 1969. The company has grown to become one of the largest John Deere dealers in the world, with locations across the United States and Canada.
4. What other businesses is R.D. Offutt involved in?
In addition to RDO Equipment Co., Offutt is also involved in other businesses, including real estate and agriculture. He is a significant landowner in North Dakota and has interests in various agricultural ventures.
5. How did R.D. Offutt start his business?
Offutt started his business in 1969 with a single John Deere dealership in Fargo, North Dakota. He expanded the business over the years, eventually becoming a John Deere construction and forestry equipment dealer.
6. What is R.D. Offutt’s role in the company today?
Offutt serves as the chairman of RDO Equipment Co. He remains actively involved in the company’s operations and strategic decisions.
7. How does R.D. Offutt give back to the community?
Offutt and his family are known for their philanthropic efforts. They have donated to various causes, including education, healthcare, and community development, primarily in North Dakota.
8. What is R.D. Offutt’s educational background?
Offutt graduated from North Dakota State University with a degree in agriculture.
9. How many locations does RDO Equipment Co. have today?
As of 2021, RDO Equipment Co. has over 70 locations across the United States and Canada.
10. What is R.D. Offutt’s approach to business?
Offutt is known for his hands-on approach to business. He has built RDO Equipment Co. on the principles of integrity, hard work, and customer service.
