Shitstain Sold Himself To Oil Majors 4/24. Top 15 Oil Billionaires' Wealth Up 15%, To $308 Billion Since That Meeting
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For their research, the authors analyzed numbers from from a Forbes database, which is updated every five minutes based on shifts in the stock market. The authors examined fluctuations in the top 15 US oil billionaires’ wealth – including the energy CEO Jeffery Hildebrand, oil and gas boss Timothy Dunn, pipeline company chairman Kelcy Warren, and fossil fuel CEO Charles Koch – since April 2024.
That month, Trump held a meeting with fossil fuel bosses where he reportedly asked them for $1bn in campaign donations, while vowing to roll back dozens of environmental regulations if elected. Since that infamous meeting, the combined wealth of these 15 fossil fuel billionaires shot up by $40.2bn, the report found, from $267.6bn to a stunning $307.8bn.
The two oil bosses who saw the largest gains were Richard Kinder, the CEO and chairman of the leading US gas pipeline operator Kinder Morgan, and Lyndal Stephens Greth, an owner of Texas oil and gas firm Diamondback Energy. Just behind them were Charles Koch, chairman of the fossil fuel conglomerate Koch Industries, and Julia Flesher-Koch, widow of the former Koch Industries executive David Koch. Harold Hamm, the billionaire oil and gas executive who founded the Oklahoma-based petroleum company Continental Resources, was an anomaly in the report; his wealth remained consistent at $18.5bn.
But Hamm, who poured $4.3m into political action committees backing Trump while helping to raise money for his campaign from other executives – and even tried to help pay Trump’s bond – stands to profit significantly from Trump’s energy agenda in the coming months, the report notes. On Monday, as Trump is inaugurated, Hamm will host an exclusive daytime party on the roof of the Hay-Adams hotel, which sits a block from the White House. Liberty Energy, the fossil fuel services company founded by Chris Wright, who Trump has tapped to lead the Department of Energy, will also help foot the bill for the party, the New York Times reported.
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https://www.theguardian.com/environment/2025/jan/18/us-oil-gas-industry-wealth-trump