The former gym teacher who built a budget hotel empire and became North Dakota's first billionaire found an easy way to cut costs, and it came down to the location of the hotel's laundry room

Forbes officially named Gary Tharaldson the first and only billionaire in North Dakota on June 28. Tharaldson was one of the first motel owners to move the building's laundry room near the lobby so front desk staff could fold laundry when the lobby was empty in the middle of the night, Hilton Senior Vice President Phil Cordell told Forbes. After selling his hotel empire to Goldman Sachs in 2006, Tharaldson started another one, according to Forbes.

Forbes officially named Gary Tharaldson the first and only billionaire in North Dakota on June 28. Tharaldson was one of the first motel owners to move the building's laundry room near the lobby so front desk staff could fold laundry when the lobby was empty in the middle of the night, Hilton Senior Vice President Phil Cordell told Forbes. After selling his hotel empire to Goldman Sachs in 2006, Tharaldson started another one, according to Forbes.

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