Joseph Craft Net Worth is$1.4 Billion
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Joseph Craft net worth: Joseph Craft is an American lawyer and businessman with an estimated net worth of $1.4 billion dollars which makes him one of the richest people in Oklahoma. A resident of Tulsa, Oklahoma, Joseph Craft earned his Bachelor of Science degree in Accounting, and his law degree, from the University of Kentucky. He also graduated from the Senior Executive program at M.I.T. After finishing school, he worked briefly as a lawyer, and was then hired by MAPCO in 1980, to serve as assistant general counsel. Seven years later, he had become MAPCO's president. His business and legal acumen helped the company broker a successful public limited partnership deal in 1996. In 1999, the company was renamed Alliance Resource Partners, and he was appointed CEO. Since then, the company, which is focused on coal, has expanded throughout the Midwest, and is currently making $390 million annually. Mr. Craft recently donated $6 million to his alma mater's basketball program, so that the school could complete their new practice facility.
Joseph W. Craft III is an entrepreneur, attorney and energy industry leader. Craft came to Oklahoma in 1980 where he joined MAPCO Inc. and expanded his business endeavors to some of the nation's most productive coal fields, nearby Tulsa. In 1986, Craft became president of MAPCO's Coal segment, a position he held for 10 years before leading a management buyout of the company's coal operations. During 1999, Alliance Resource Partners, L.P. (NASDAQ: "ARLP") was formed, becoming the coal industry's first publicly traded master limited partnership. Headquartered in Tulsa with support offices in Kentucky, ARLP has grown through acquisitions and internal development to become the ninth-largest coal producer in the United States. Craft is president, chief executive officer and a director of ARLP. In addition, he serves as president, chief executive officer and chairman of the board of Tulsa-based Alliance Holdings GP, L.P., a publicly traded limited partnership that owns the general partnership interests of ARLP. Under Craft's leadership, ARLP was recognized by Business Week magazine as the 14th hottest growth company in the United States in 2007, and made the annual list of "100 Hot Growth Companies" for the fifth consecutive year. Craft has served in various industry leadership positions and is currently serving as a member of the Board of Trustees for The University of Tulsa, a director for Bank of Oklahoma, and Tulsa Community Foundation. He was inducted into the City of Tulsa Hall of Fame in 2007; and in June 2008, Ernst & Young recognized Craft as Entrepreneur of the Year for the Southwest Region in the Energy, Chemical and Mining category. Craft holds a bachelor of science degree in accounting and a Juris Doctor from the University of Kentucky. Craft is also a graduate of the Senior Executive Program of the Alfred P. Sloan School of Management at the Massachusetts Institute of Technology.
The Joe Craft Center, a state-of-the-art basketball practice facility for th

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Posted: December 18, 2017, 8:54 am
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