Joseph Craft, III. & family’s profile picture

Joseph Craft, III. & family

Joseph Craft, III. & family’s profile picture
Net worth 2018: $1.4 Billion
Industry: Energy
Country: United States
Children: 4
Education: Doctor of Jurisprudence, University of Kentucky; Bachelor of Arts / Science, University of Kentucky
BIOGRAPHY

Joseph Craft, III. & family was born in United States. A lawyer's son, Craft was reared in coal country. He became a lawyer, and then joined diversified coal company MAPCO as an assistant general counsel in 1980. He became president in 1987. Craft was rewarded with a big stake for leading the firm's LBO and conversion into a tax-efficient public master limited partnership in 1996; it was renamed Alliance Resource Partners three years later. He has been chief executive since and overseen subsequent expansion across Appalachia and the Midwest as revenue increased to $390 million. Craft donated $6 million to finish the basketball practice facility at the University of Kentucky where he got his undergraduate and law degrees. Craft and his wife Kathy divorced in late 2011; the net worth reflected here also includes the assets belonging to his former spouse.

NET WORTH STATISTIC
2010

$1.4 Billion

2011

$1.3 Billion

2012

$1.4 Billion

2018

$1.4 Billion

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