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What Falling Oil Prices Are Doing To America's 10 Richest Oil Tycoons

david koch
David Koch in New York. Jamie McCarthy/Getty Images

You win some, you lose some.

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As oil prices continue to fall, some of America's richest oil tycoons have stayed on top and continued making money — while others have seen their fortunes cut in half.

According to Wealth-X, four of the top 10 oil billionaires have actually increased their net worth since oil prices started to decline last year.

David and Charles Koch top the list with a 7% increase in net worth since June, which Wealth-X attributes to the diversification of their company's investment portfolio. Elaine Marshall, who holds about 15% of Koch Industries, saw her net worth increase by 6%. Richard Kinder of Kinder Morgan Partners increased his net worth the most, by 23%. 

The biggest loser among the top 10 by far was Continental Resources CEO Harold Hamm, currently caught in a bitter and costly divorce battle, who lost 50% of his net worth since June. Sisters Milane Frantz, Randa Williams, and Dannine Avara of the Duncan energy empire all saw their net worth decline by 11%.

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Here's the full list from Wealth-X:

1. David Koch

  • Net worth in June 2014: $42 billion
  • Current net worth: $44.9 billion
  • Change in net worth: 7%

2. Charles Koch

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  • Net worth in June 2014: $42 billion
  • Current net worth: $44.8 billion
  • Change in net worth: 7%

3. George Kaiser

  • Net worth in June 2014: $13.3 billion
  • Current net worth: $13.2 billion
  • Change in net worth: -1%

4. Richard Kinder

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  • Net worth in June 2014: $9.2 billion
  • Current net worth: $11.3 billion
  • Change in net worth: 23%

5. Harold Hamm

  • Net worth in June 2014: $18.5 billion
  • Current net worth: $9.3 billion
  • Change in net worth: -50%

6. Elaine Marshall

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  • Net worth in June 2014: $7.8 billion
  • Current net worth: $8.3 billion
  • Change in net worth: 6%

7. Ray Hunt

  • Net worth in June 2014: $6 billion
  • Current net worth: $5.6 billion
  • Change in net worth: -7%

8. Milane (Duncan) Frantz

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  • Net worth in June 2014: $6.2 billion
  • Current net worth: $5.5 billion
  • Change in net worth: -11%

9. Randa (Duncan) Williams

  • Net worth in June 2014: $6.2 billion
  • Current net worth: $5.5 billion
  • Change in net worth: -11%

10. Dannine (Duncan) Avara

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  • Net worth in June 2014: $6.2 billion
  • Current net worth: $5.5 billion
  • Change in net worth: -11%


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