Tariff refunds are juicing corporate profits and GDP as more tailwinds converge to propel growth to a blistering 4.3% pace, top economist says ‘If your tariff was 0%, there’s no need to commit fraud’: The White House is sounding off on a $112 billion tariff-dodging scheme it made worse U.S. stocks fall after Iran says Strait of Hormuz will remain shut Trump is betting that the U.S. naval blockade choking Iran’s economy can achieve what bombs and missiles couldn’t as more oil sneaks out of the Gulf Gordan Chang – “China Is Broke – Rulers Are Desperate – Bad Things Are Going to Happen” American Airlines will stop upgrading elite flyers to business from coach on long domestic flights Does Africa still back Infantino as Fifa president? A billion SpaceX shares unlock Thursday. Wall Street isn’t worried: ‘You never bet against Elon.

Margaret Baker

Margaret Baker

Margaret Baker (#1195)

Global Rank #1195
Country Rank #440
Country United States

Margaret Baker is listed among the world billionaires tracked by Iconic Billionaires.

  • $ 4 B
  • Medical supplies
  • United States
  • F
  • 61 Years

Snapshot

Quick Facts

Global Rank #1,195
Country Rank #440
Net Worth $3.6B
Previous Worth $3.6B
Worth Change +$0.0B
Country United States
Industry Medical supplies
Age 61 Years
Gender F
Worth As Of May 4, 2026
Last Refreshed 27 Jul 2026, 12:00 AM
Residence Ketchum, Idaho
World Billionaires List United States Billionaires Medical supplies

Profile Data

Personal Stats

Age 60
Source Of Wealth Medical supplies
Residence Ketchum, Idaho
Citizenship United States
Net Worth Change +$0.0B +0.0% from previous worth
Previous Net Worth $3.6B
Current Net Worth $3.6B

Worth as of May 4, 2026

About Me

Margaret "Peggy" Baker is a shareholder of Illinois-based medical supplies giant Medline, which her father Jim Mills and uncle Jon Mills founded in 1966. The extended Mills family, which includes four other billionaires, owns roughly 18% of the company, which IPO'd on the Nasdaq in December 2025 and ended its first trading day with a market cap of more than $55 billion. The Mills family previously sold 79% of Medline to a group of private equity firms in a leveraged buyout that valued the company at more than $30 billion in 2021. Baker's brother Charlie Mills served as Medline's CEO for 26 years until 2023, while her cousin Andy Mills served as president during that same period. Charlie still serves as chairman and Andy still sits on the board. Andy Mills' brother-in-law Jim Abrams served as chief operating officer of Medline from 1997 to 2023. The company is now run by non-family executives.

Wealth Growth

Net Worth Growth Over Time

Tracking Margaret Baker's net worth journey over the years, highlighting key growth phases and financial milestones.

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