West Virginians Jim Justice and Chris Cline are once again among the 400 wealthiest people in the United States. This is the second consecutive year the two have made the Forbes 400 list, which was announced Thursday.
Justice, 61, a resident of Lewisburg and owner of The Greenbrier, is listed at number 298 with $1.6 billion in assets, which were acquired mostly from the state’s well-known natural resource, coal.
In 2009, Justice sold his company's West Virginia coal resources to Russian mining and steel company Mechel OAO for $436 million in cash and approximately $240 million worth of Mechel preferred shares. Justice Companies still holds coal interests in Virginia, Tennessee and Kentucky, as well as active farmland in West Virginia, North Carolina, South Carolina, Virginia and Kentucky.
In 2011 Justice contributed $25 million to the Boy Scouts of America for the organization’s new reserve in Fayette County.
Justice attended Marshall University, where he received a bachelor’s degree and Master of Business Administration.
Cline, 54, a Raleigh County native who currently resides in North Palm Beach, Fla., is listed at number 360 with a $1.2 billion net worth. His fortune has also been made through coal.
He got into the coal business at age 21. In 1980 Cline’s father bought out a mining partner for $500,000 and Cline received a share. Currently, Cline’s business, Foresight Energy, produces approximately 20 million tons of coal annually predominately mined in Illinois.
BREAKING NEWS
Justice, Cline on Forbes 400 richest Americans list again
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RGH suspends heart stent procedures until Monday
Officials at Raleigh General Hospital issued a statement late Thursday afternoon indicating that “due to the unexpected unavailability of physician coverage,” cardiac stent procedures won’t be available to area residents at the Beckley facility until Monday, May 20.
No other details were provided by hospital officials.
Interventional cardiac care procedures were launched at RGH in November 2009 to serve a growing need for angioplasty lab services in Southern West Virginia.
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Thompson to depart house speaker post
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At least 6 confirmed dead in Texas tornadoes
A rash of tornados slammed into several small communities in North Texas overnight, leaving at least six people dead, dozens more injured and hundreds homeless. The violent spring storm scattered bodies, flattened homes, threw trailers onto cars.
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A collision between a FedEx tractor trailer and a passenger car on I-77 Thursday around 2 p.m. sent three people to the hospital and caused traffic delays for hours on the northbound lanes of the interstate, as well as other connector roads in and around Beckley.
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Gov: W.Va. to expand Medicaid, cover 92,000 uninsured
West Virginia will expand Medicaid under the federal health care overhaul through a plan announced Thursday by Gov. Earl Ray Tomblin, which would extend coverage to an estimated 91,500 uninsured low-income residents.
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RGH suspends heart stent procedures until Monday
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