Former Billionaire T. Boone Pickens Dies at 91

According to The New York Times, his multiple hostile takeovers of much larger, quite successful, and more lucrative rivals, earned him the title of the most hated businessman in the United States.

In this May 30, 2017, file photo, oil tycoon T. Boone Pickens poses for a photo before a series of man-made lakes leading from The Lake House to The Lodge on his Mesa Vista Ranch in the panhandle of Texas. Pickens announced Friday, Jan. 12, 2018, that he is closing his Dallas energy-focused hedge fund. In a statement published on LinkedIn, the 89-year-old Pickens says that “it’s no secret the past year has not been good to me, from a health perspective or a financial one.” (Tom Fox/The Dallas Morning News via AP, File)

 

 

Legendary oil tycoon, investor and philanthropist T. Boone Pickens has died at the age of 91.

The Dallas Morning News reported that Pickens died of natural causes at his home on Wednesday.

Pickens, whose estimated net worth is now about $500 million, has made billions of dollars and lost billions along the way. He’s given more than $1 billion away in his lifetime to a wide range of philanthropic initiatives.

Pickens was born in Holdenville, Okla., but much of his business life centered in and around Dallas.

Read more about the death of T. Boone Pickens Jr

 

T Boone Pickens Ranch hjas been on the market since 2017 with a price of $250 million.
T Boone Picken’s Ranch Is Still For Sale Even After His Death. The Mesa Vista Ranch, which is almost 65,000 acres, has an asking price of $250 million, one of the most expensive listings in the U.S. – Photo: Courtesy of Sotheby’s International Realtors

 

 

 

Do you like our articles? What do you want to see or read about the wealthy?