Who are the wealthiest individuals in West Virginia?

Travel Destinations

By Lucas Reynolds

Introduction to Wealthiest Individuals in West Virginia

West Virginia is a state known for its natural resources, particularly coal, which has attracted many wealthy individuals to the area. In this article, we will explore the wealthiest individuals in West Virginia and the sources of their wealth. From coal mining to real estate, these individuals have amassed their wealth through a variety of industries.

Criteria used to determine Wealth in West Virginia

For the purposes of this article, we will be using Forbes’ list of the wealthiest people in the world to determine the richest individuals in West Virginia. This list takes into account factors such as net worth, assets, and investments. However, it is worth noting that not all wealthy individuals may be included in this list, as some may choose to keep their wealth private.

Jim Justice: The Richest Man in West Virginia

Jim Justice, a former coal mine owner and current governor of West Virginia, is the wealthiest individual in the state, with a net worth of $1.2 billion. Justice made his fortune through his family’s coal mining business, Bluestone Coal Corporation, which he later sold to Russian company Mechel for $436 million. In addition to coal mining, Justice also owns The Greenbrier resort and several other businesses in West Virginia.

Stephen B. Swisher: Second Richest in West Virginia

Stephen B. Swisher, with a net worth of $1 billion, is the second richest individual in West Virginia. Swisher made his fortune through various real estate ventures, including the development of more than 30 shopping centers in the region. He also owns several coal mines and has invested in the oil and gas industry.

Ben Statler: Third Richest in West Virginia

Ben Statler, with a net worth of $750 million, is the third richest individual in West Virginia. Statler made his fortune through his family’s coal mining business, which he later sold to Arch Coal for $3.4 billion. He also owns several other businesses in the state, including a hotel and restaurant.

Chris Cline: The late coal billionaire

Chris Cline, who passed away in a helicopter crash in 2019, was a notable coal billionaire who made his fortune through coal mining in West Virginia. At the time of his death, he had a net worth of $1.8 billion. Cline was known for his philanthropy, particularly in the area of childhood education.

J. Clifford Forrest: Fifth Richest in West Virginia

J. Clifford Forrest, with a net worth of $600 million, is the fifth richest individual in West Virginia. Forrest made his fortune through his family’s coal mining business, which he later sold to Massey Energy for $960 million. He also owns several other businesses in the state, including a timber company and a construction firm.

Joe Manchin: Politics and Wealth in West Virginia

Joe Manchin, the senior United States Senator from West Virginia, is also a wealthy individual, with a net worth of $7.5 million. Manchin made his fortune through various business ventures, including coal mining and real estate. He also served as Governor of West Virginia from 2005 to 2010.

Other Notable Wealthy Individuals in West Virginia

Other notable wealthy individuals in West Virginia include Randy Huffman, founder of oil and gas consulting firm Huffman & Associates; Robert Karnes, a businessman and politician who serves in the West Virginia Senate; and Robert Murray, founder of coal mining company Murray Energy.

Conclusion: The Wealthiest Individuals in West Virginia

West Virginia is home to many wealthy individuals, who have amassed their fortunes through a variety of industries, including coal mining, real estate, and oil and gas. While the individuals listed in this article are among the wealthiest in the state, there are many others who have achieved financial success through their businesses and investments.

Tips for Investing in West Virginia

If you are interested in investing in West Virginia, it is important to do your research and seek the advice of financial professionals. Some industries to consider investing in include natural resources, real estate, and technology.

Acknowledgements and References

This article was written with reference to Forbes’ 2021 list of the world’s billionaires. Additional information was gathered from various news sources and business websites.

Photo of author

Lucas Reynolds

Lucas Reynolds, the mastermind behind TravelAsker's compelling content, originates from the charming Sedona, Arizona. A genuine local, he shares deep insights into the region, unveiling its enchanting attractions, tranquil resorts, welcoming accommodations, diverse dining options, and engaging pastimes. Lucas invites readers to explore captivating experiences within the stunning landscapes of Sedona and beyond, ensuring unforgettable adventures.

Leave a Comment