Billionaire Steven Bresky, 58, has eluded the limelight that usually accompanies great wealth for five years.
In 2007, Bresky inherited his father’s 74 percent stake inSeaboard Corp. (SEB), a $5.7 billion commodities trading and cargo shipping company that generated almost a third of its revenue last year slaughtering 5 million hogs. Bresky’s stock is worth $1.7 billion today.
“He must regretfully decline to be interviewed,” said Bresky’s assistant, Amanda Doyle, from the company’s Merriam, Kansas, headquarters on March 14. “He just doesn’t do a lot of stories.”
An analysis of stakes held in publicly traded U.S. and Latin American companies uncovered Bresky and seven other billionaires who haven’t appeared in any major international wealth rankings. Most of their 10-figure fortunes are derived from public holdings and dividend income.
Bresky, Seaboard’s chairman, has remained under the radar by owning his shares, which are down 9 percent since he inherited them, through two Newton, Massachusetts-based holding companies, Seaboard Flour LLC and SFC Preferred LLC. Seaboard Corp., which also has sugar and power operations, bought half of the Butterball turkey brand for $178 million last year from Garner, North Carolina-based Maxwell Group.
Bloomberg Businessweek
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