J. Howard Marshall III Net Worth

Publish date: 2024-05-09

J. Howard Marshall III: Businessman, Koch Industries, and Anna Nicole Smith

J. Howard Marshall III was an American businessman born in Los Angeles, California in February of 1936. He and his brother Pierce were given 4% stakes in Koch Industries by their father, J. Howard Marshall II, in 1974. However, when a battle for control of the company broke out among Marshall II’s four sons in 1980, Marshall III sided with his father and brother Fred. In the aftermath, Marshall III agreed to sell his 4% stake back to his father for $8 million, a sale that would now be worth billions of dollars.

After his father’s death, Marshall III went after his brother Pierce in court, claiming theft. The jury ruled in Pierce’s favor and found Marshall III guilty of fraud, ordering him to pay $35 million in damages. Marshall III claimed at the time to have a net worth of $26 million and declared bankruptcy in July 2002.

Marshall II was famously married to model Anna Nicole Smith, and both she and Marshall III were denied access to his nearly $2 billion fortune upon his death. Today, Marshall III is the President and Owner of MDH Industries.

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