Joseph Craft Net Worth $1.4 Billion
Joseph Craft is an entrepreneur, lawyer, and energy industry leader that has an estimated net worth of $1.4 billion as of March 2012 according to Forbes. Mr. Craft was the 913th richest person in the whole world throughout that year. In 2011 “Forbes 400” list, he was the 331st richest person in America. Joseph W. Craft III was born in Hazard, Kentucky and graduated in high school in 1968. Mr. Craft holds a bachelor of science degree in bookkeeping and also a Doctor of Jurisprudence both in the University of Kentucky. Mr. Craft is also a grad of the Senior Executive Program of the Alfred P. Sloan School of Management at the Massachusetts Institute of Technology. Mr. Craft started his professional career as attorney and later, he moved to Oklahoma. In 1980, he joined MAPCO, a diversified coal company, as an assistant general counsel. Mr. Craft became the president of the institution in 1987. In 1996, Mr. Craft was responsible for leading the firm’s leveraged buy-out (LBO) and conversion into a tax-saving public master limited partnership. As a benefit, the president of the company given a big position in the firm. Since August 1999, he’s become the President, Chief Executive Officer and Manager at ARLP. As the CEO, he was responsible in overseeing the subsequent growth throughout the Appalachia along with the Midwest as the revenues improved to $390 million. Joseph Craft has been awarded the 2008 Prominent Business Leader by The University of Tulsa, Collins College of Business. The President was likewise inducted in 2007 in the City of Tulsa, Oklahoma Hall of Fame. He was likewise the Ernst & Young Entrepreneur of the Year for the Southwest Region for energy, chemical, and mining category. Mr. Craft has contributed $6 million to complete the basketball practice facility at the University of Kentucky. In January 2012, Mr. Craft additionally donated around $500 thousand to Restore Our Future, a Super PAC supporting Mitt Romney.