Okies, firms dominate latest “Billionaire’s Row”
Forbes magazine, list-maker of the ridiculously wealthy, produces a regular webcast featuring Matthew Miller, who covers rich business people like celebrities. Miller, who edits the Forbes list of the 400 richest Americans, dishes and discusses list members’ fortunes in front of a backdrop of falling currency. Miller’s show is called “Billionaire’s Row.”
Among those discussed in a recent episode are Harold Hamm, who became a billionaire when he took his Enid-based Continental Resources public last year. Miller says Hamm’s stock holdings have gained $1.1 billion since September.
Tom Ward, co-founder of Chesapeake Energy and chairman of SandRidge Energy, has seen his Chesapeake shares grow $700 million in recent months, Miller said.
George Mitchell, who founded Mitchell Energy and Development and later sold out to Oklahoma City’s Devon Energy for $3.5 billion, has seen his Devon stock soar more than 20 percent in past six monhts, Miller said. The result: a $400 million profit for Mitchell.
Point taken. It’s a great time to be in the energy biz.
Don Mecoy
Business Writer
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