Who is Elaine Marshall
Elaine Marshall is one of the richest women in the United States, thanks to her stake in Koch Industries. The company is considered to be one of the largest privately owned businesses in the world. Elaine took over after her husband, E. Pierce Marshall, died and has become the wealthiest woman in the United States. She is currently the largest investor in the company, whose activities cover many sectors, including:
– energy;
– finance;
– agriculture;
– commerce;
– oil refining, and others.
Despite her wealth and high status in business circles, Elaine leads a modest lifestyle. She is involved in business and philanthropic endeavours and also strives to preserve her family’s legacy.
Personal life
Elaine was born in 1942. There is not much information about her life before she married Everett Pierce Marshall. Her husband belonged to a wealthy American family of oil tycoons. His father, J. Howard Marshall II, was one of the major investors in Koch Industries. Howard’s investments and involvement in the company were the foundation upon which the entire family’s wealth and influence grew.
Marrying the wealthy heir changed Elaine’s life. But she did not confine herself to the role of spouse. She took an active part in her husband’s business activities and helped manage the capital.
In 1995, Pierce’s father died. After a lengthy legal process, Elaine’s husband became the heir to an interest in Koch Industries. In 2006, after Pierce’s death, Elaine became the owner of 15% of the company. This cemented her status as one of the wealthiest women in the United States. At the same time, she continued to lead a private lifestyle, avoiding media attention and making few public appearances.
The majority of the Marshall family’s wealth came from investments in Koch Industries, whose annual revenues exceed US$100 billion. As for Elaine herself, Forbes magazine estimates her fortune to be US$22 billion. This makes her one of the 100 richest people not only in the United States but also in the world.
Social activities
Despite her impressive income, Elaine Tettemer Marshall is frugal with her finances. She has no active involvement in Koch Industries — that is the job of the Koch brothers. But, she has delegated the management of her money to professionals, which has allowed her to protect her assets from market fluctuations.
Elaine’s activities focus on philanthropy. She participates in a number of philanthropic projects and supports social initiatives. The Marshall family has its own charitable foundation, which supports the development of the healthcare system. It also aims to support long-term initiatives for the betterment of society.
