Rich Kinder bags $1bn and creates biggest energy infrastructure company in North America
Texas billionaire Rich Kinder pocketed $1bn (£595,720m) yesterday after he declared he would consolidate his companies.
Bringing together Kinder’s complex empire of pipes, oil storage tanks and gas-processing plants will create the biggest energy infrastructure company in North America.
They currently have a combined market value of £106bn. The value of Kinder’s holdings surged by almost $1bn on the news.