Ladd Drummond is not just famous for being the husband of the popular food blogger Ree Drummond; he has also built a massive fortune through his work as a successful cattle rancher. With a net worth of $200 million, Ladd has made his money primarily from his family’s ranching business, but his wealth also comes from various business ventures. 

The Drummond family is known for its vast cattle ranch in Oklahoma, which spans over 433,000 acres. His life and career have piqued the curiosity of many, and his rise to success is a fascinating one. In this article, we will explore how Ladd Drummond built his impressive fortune, his personal life, and the various ways in which he continues to earn his wealth.

Key Points:

1. Ladd Drummond’s net worth is $200 million.
2. He co-owns one of the largest cattle ranches in the U.S.
3. The Drummond family also runs several successful businesses.

How Did Ladd Drummond Accumulate His Wealth?

Ladd Drummond’s wealth comes from multiple sources, but the largest contributor is his family’s cattle ranching business. The Drummond Land & Cattle Co. is one of the most successful ranching operations in the United States. With 433,000 acres of land, the ranch generates millions of dollars annually from the sale of cattle. Ladd co-owns the ranch with his brother Tim, and together, they continue the legacy of their father, Chuck Drummond, who founded the ranch in the late 1800s.

In addition to cattle ranching, Ladd has expanded the family’s business ventures. The Drummonds own several retail businesses in downtown Pawhuska, Oklahoma, which help further increase his wealth. Some of these businesses include The Merc, a restaurant and retail store, The Boarding House, a bed and breakfast, and P-Town Pizza, a popular pizza place in town. These businesses attract thousands of visitors each year and add millions in revenue to the Drummond family’s total income.

Note: Remember that Ladd’s wealth is not solely from ranching; his family’s diversification into retail and hospitality has been key to their continued financial success.

What Is the Drummond Land & Cattle Co.?

The Drummond Land & Cattle Co. is the cornerstone of Ladd Drummond’s fortune. This vast ranch, which covers 433,000 acres, is not only one of the largest privately-owned cattle ranches in the U.S., but it has also become a household name due to its connection to the Drummond family. Founded by Fred Drummond, Ladd’s grandfather, in the late 1800s, the ranch has passed down through generations, and it continues to thrive under Ladd and his brother’s management.

Table: Drummond Land & Cattle Co. Overview

Ladd’s involvement in ranching not only provides him with income from cattle sales but also from government payments to preserve wildlife on the ranch. The Bureau of Land Management pays the Drummond family to keep wild horses and burros on their property, which adds another lucrative stream to their business.

Note: While Ladd Drummond’s ranch is a major source of income, it’s important to note that government royalties from wildlife preservation significantly enhance the family’s wealth.

How Has Ladd Drummond Benefited From His Family’s Business Ventures?

Beyond cattle ranching, Ladd Drummond has also benefited from the family’s expansion into retail and hospitality. Ree Drummond’s successful blog, The Pioneer Woman, has helped promote the family’s businesses, drawing tourists to their small town in Oklahoma. This has allowed the Drummond family to open various establishments, such as The Merc, which serves as both a restaurant and a retail store, and The Boarding House, a bed and breakfast offering visitors a chance to stay on the ranch.

Table: Drummond Family Businesses

These business ventures have been critical in diversifying the family’s income and making the Drummond family’s fortune even more impressive. By expanding their operations into the hospitality and food industries, the family has capitalized on their local fame, turning their ranch into a tourist destination and solidifying their financial security.

What Is Ladd Drummond’s Role in the Family Business?

Ladd Drummond’s role in the family business is extensive. As co-owner of the ranch, he is heavily involved in the day-to-day operations of the cattle business, overseeing both the livestock and land management. In addition to his ranching duties, Ladd plays a key role in the family’s expansion into retail and hospitality, contributing to the growth of businesses like The Merc and The Boarding House. His wife, Ree Drummond, has helped bring national attention to their business ventures through her blog and Food Network show, further boosting the family’s wealth.

Ladd’s business acumen, combined with his strong work ethic, has helped him grow the family’s wealth over the years. His investments in the community, particularly in Pawhuska, have also helped revitalize the town, bringing in new visitors and increasing the revenue of the family-owned businesses.

Conclusion

Ladd Drummond’s journey to a $200 million net worth teaches us valuable lessons about diversifying income sources and working hard to build a legacy. His wealth comes from a combination of ranching, family-owned businesses, and smart investments. By focusing on preserving the family’s legacy, expanding into new ventures, and working alongside his wife, Ladd has made a significant impact on both the cattle industry and his community.

For anyone interested in ranching or entrepreneurship, Ladd’s success story is an inspiring example of how to build a fortune while remaining grounded and connected to your roots.

FAQ’s

1. What is Ladd Drummond’s net worth?
   • Ladd Drummond’s net worth is estimated to be $200 million.
2. How did Ladd Drummond make his money?
   • Ladd made his fortune primarily through his family’s Drummond Land & Cattle Co., as well as from family-run businesses like The Merc and The Boarding House.
3. What is the size of the Drummond ranch?
   • The Drummond ranch spans 433,000 acres of land.
4. How much does the Drummond family earn from the government?
   • The Drummond family receives around $2 million per year from the Bureau of Land Management for protecting wild horses and burros.
5. Does Ladd Drummond have any other business interests?
   • Yes, in addition to ranching, Ladd is involved in several businesses in Pawhuska, including a restaurant, pizza place, and an ice cream shop.