Name
Paul Foster
Paul Foster
El Paso, Texas
Bachelor of Arts/Science, Baylor University
United States
Western Refining
oil refining, Self Made
$1,700,000,000
1349
#1349 Billionaires 2019
Oil refiner Tesoro bought Paul Foster's Western Refining for $6.4 billion in 2017; the combined company was renamed Andeavor. In April 2018, Marathon announced it would buy Andeavor for $23.3 billion; the deal later closed in October.As a teenager Paul Foster got his start in the oil fields, welding pipes, digging ditches, and cleaning tanks.A graduate of Baylor University and a registered CPA, Foster handled the books for small oil refineries across the Southwest. He and partners took over bankrupt El Paso Refining in 1992. Five years later he bought out his partners.
Foster is a vice chairman of the University of Texas System Board of Regents. He is a part owner of the El Paso Chihuahuas, a Triple-A baseball team, and is working towards bringing a new stadium to the city.
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