Elaine Tettemer Marshall is an American billionaire who has a net worth of $20 billion. She is a member of the Board of Koch Industries and is the widow of E. Pierce Marshall, from whom she inherited her position.
Marshall is regularly ranked as one of wealthiest women in America thanks to what is believed to be a 15% stake in Koch Industries. She, along with some family members, inherited the stake in Koch in 2006 following the death of her husband, E. Pierce Marshall. Pierce’s father J. Howard Marshall II owned approximately 16% of Koch at the time of his death in 1995. J. Howard was famously married to American actress/model Anna Nicole Smith for 14 months, right up to his death. After his death Anna waged a legal battle over what she thought she was owed from her late husband. The legal war made it all the way up to the United States Supreme Court TWICE. The ultimate result was that Anna did not receive a penny from either J. Howard’s estate or Pierce’s estate. Technically, Anna was Pierce and Elaine Marshall’s step-mother and mother-in-law, respectively.
Elaine and Pierce Marshall met in Texas, where she still lives to this day. Their marriage produced two sons and several grandchildren.
Net Worth details: Elaine Marshall is currently one of nine members on the Koch Industries board of directors. Koch is one of the most valuable and largest privately held companies in the United States. The value of the business has been estimated at $100 billion. According to various reports, Elaine Marshall owns a between 14 and 15% of Koch Industries. She is invested in several companies including Georgia-Pacific, Invista, Flint Hills Resources, Koch Fertilizer, Koch Pipelines, Molex, and more.
***In a statement provided to CNW a representative of the Marshall family says “Elaine Marshall did not inherit E. Pierce Marshall’s entire estate, does not own 15% of Koch Industries and is not the 68th richest person on the planet***
| Net Worth: | $20 Billion |
| Gender: | Female |