Net Worth Ranker
What Is Ladd Drummond’s Net Worth?
Ladd Drummond, an American cattle rancher, possesses a net worth estimated at $200 million. This substantial wealth is derived from his family’s extensive land holdings and cattle operations, as well as ventures linked to his wife, Ree Drummond’s, successful media career.
Family Wealth and Land Ownership
The Drummond family’s wealth is deeply rooted in their vast land ownership. As the 23rd largest landowners in the United States, they control approximately 433,000 acres, encompassing over 675 square miles, primarily in Oklahoma. This extensive landholding forms the foundation of their cattle ranching operations. The Drummond Land & Cattle Co., co-owned by Ladd and his brother Tim, traces its origins to the late 1800s when family patriarch Fred Drummond immigrated from Scotland and established the company after marrying Kansas native Addie Gentner. The company’s ownership is concentrated among four individuals.
Government records indicate that the Drummond Land & Cattle Co. receives significant payments from the U.S. government. Over the past decade, these payments have exceeded $24 million. A notable portion of this revenue, approximately $2 million annually, comes from the Bureau of Land Management to support the preservation of wild horses and burros on their property. Specifically, records show that from December 2006, the Bureau of Land Management has paid the Drummond Land & Cattle Co. $23.9 million for these conservation efforts. This arrangement highlights the Drummond family’s role in animal protection and land management, contributing to their overall financial stability. The Drummond Land & Cattle Co. is a private family-held company of four people that has an annual revenue of $2.5 million.
Ree Drummond’s Media Ventures and Business Expansion
Ladd Drummond’s net worth is also intertwined with his wife, Ree Drummond’s, media empire. Ree’s blog, “The Pioneer Woman,” has evolved into a multi-faceted enterprise encompassing cookbooks, a Food Network television series, and a line of businesses in Pawhuska, Oklahoma. Ladd has been involved in these ventures, contributing to their growth and success.
In late 2016, the Drummonds inaugurated The Merc, a restaurant and retail store situated in a renovated 100-year-old building in downtown Pawhuska. The Drummonds had acquired the building in 2012 and invested significantly in its renovation. The Merc has become a popular destination, drawing tourists and locals alike, and generating substantial revenue. The expansion of the Drummonds’ business interests continued in April 2018 with the opening of The Boarding House, a bed and breakfast also located in downtown Pawhuska. Furthermore, they have established P-Town Pizza and Charlie’s Sweet Shop, an ice cream parlor, further diversifying their holdings in the town. These businesses have revitalized Pawhuska’s downtown area and contributed significantly to the Drummond family’s income.
Early Life and Family Background
Ladd Drummond was born in Nebraska and is one of three sons, including Todd and Tim. Tragedy struck the family when his oldest brother, Todd, died in a car accident at the age of 18. At the time of the accident, Todd was working on a family friend’s ranch in Texas. Ladd later graduated from Arizona State University, solidifying his connection to the family’s cattle ranching legacy as a fourth-generation rancher. The Drummond family’s historical roots in cattle ranching and land ownership provide a strong foundation for their current financial standing.
Personal Life and Marriage
Ladd Drummond met Ree in a bar in the mid-1990s, after she had returned to Oklahoma following her time in Los Angeles after college. Ree had initially planned to attend law school in Chicago, but her plans changed after meeting Ladd. They married on September 21, 1996. During their wedding reception, Ladd followed his alma mater Arizona State as they played against Nebraska. Arizona State won. Ladd and Ree spent their honeymoon in Australia. They reside on a working cattle ranch approximately eight miles west of Pawhuska, Oklahoma, a location about two hours from Oklahoma City. Ladd and Ree have four children: Alex, born in 1997; Paige, born in 1999; Bryce, born in 2002; and Todd, born in 2004. The Drummonds chose to homeschool their children from kindergarten through high school. Alex is a graduate of Texas A&M University, and Paige is currently a student at the University of Arkansas. The Drummonds also share a love for fantasy football. The family also starred in the reality TV series “The Pioneer Woman,” which premiered on the Food Network in 2011 and has aired for over 25 seasons.
