LYCOS RETRIEVER 
Carl Pohlad
built 378 days ago
Carl Pohlad is contending with about 100 other multi-billionaires for the famous Golden Bathtub Award. It is a life-size bathtub, made entirely of gold, with your face in gold on the hot and cold handles. It is paid for by the losing entrants. To win, you have to get the biggest welfare handout from LOCAL government. A few million will never do - that's peanuts for the smooth-talking rich. No, it has to be AT LEAST a billion.
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Despite his business success and wealth, most Minnesotans had no idea who Carl Pohlad was until 1984, when he bought the Minnesota Twins for $36 million. He says he did it to keep the team from moving to Florida.
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The Twins are a big drain on the revenue sharing system, but at least owner Carl Pohlad puts the money back into the team despite the billionaire's cheapstake reputation around baseball. Payroll has gone from $16 million to $60 million in five years. The Twins added 130 new sold out luxury seats behind home plate last season that generated almost a $1 million in revenue. To move out from the bottom of baseball's revenue list, the team needs a new stadium. Last year, the Twins had an agreement on a new $478 million park with Hennepin County, but the state legislature wouldn't vote on the proposal to raise the county sales tax. The Twins were to put up $125 million of the cost plus overruns on the construction.
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Carl Pohlad, the owner of the Minneapolis Twins, is entering the Hip-Hop market, with the purchase of Hip-Hop radio station KTTB-FM B-96 in Minneapolis, Minnesota. Pohlad's recently formed Northern Lights Broadcasting LLC and will pay $28 million for B-96, "just to get into the industry," said Northern Lights' CEO Steve Woodbury. Pohlad bought the station from Radio One, who felt that that Twin Cities area did not have enough of a black population to support the station's format. According to the Associated Press, B-96 is very profitable and the station will retain it's original staff and format.
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Carl Pohlad was born the third of eight children in the railroad community of Valley Junction, Iowa. With the onset of the Great Depression during his youth, Carl began working at a young age to help his family make ends meet. These experiences allowed him to appreciate the value and importance of hard work, and instilled gratitude for the basic necessities of life.
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Carl Pohlad was born in 1915 in West Des Moines, Iowa. In stark contrast to his current circumstances, Pohlad was poor, part of a large immigrant family living literally on the wrong side of the tracks.
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Carl Pohlad