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Reposted from @investingcom 'Oracle of oil' T. Boone Pickens dies at 91. .. T. Boone Pickens, a celebrated corporate raider and energy industry magnate who built an empire out of an initial $2,500 investment, died on Wednesday at age 91. .. Pickens had gained notoriety in the 1980s as a consummate dealmaker who launched audacious bids to take over giant oil companies including his former employer Phillips Petroleum Co, as well as Gulf Oil Corp and Unocal Corp with leveraged buyouts. .. He failed on all the big takeover bids but made millions of dollars in the process. With Gulf Oil, his bid drove the nation's fifth largest oil company into a record $13.2 billion merger with Chevron Corp and his bold moves landed him on the covers of magazines such as Forbes and Time. .. Pickens ran energy firms, hedge funds and wind farms, offering forecasts on oil prices and in 2008, when his fortune was estimated at $3 billion by Forbes magazine, announced the Pickens Plan for an energy independent United States. He promoted the plan in television ads and interviews and testified about it before Congress, bemoaning reliance on foreign oil and pushing the potential of wind energy. .. .. #oil #Oracleofoil #tycoon #TBoonePickens #energy #commodities #hedgefund #news #investingcom #markets #investor #investors #investment #investing #invest #NYSE #stockmarket #Pickens #shares #stock #stockprice #money #revenue #stockexchange #trillion #billion #money #finance #opportunity https://www.instagram.com/p/B8lsi00n3ry/?igshid=ib7ifvvpf24m

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Former Billionaire T. Boone Pickens Dies at 91

In this May 30, 2017, file photo, oil tycoon T. Boone Pickens poses for a photo before a series of man-made lakes leading from The Lake House to The Lodge on his Mesa Vista Ranch in the panhandle of Texas. Pickens announced Friday, Jan. 12, 2018, that he is closing his Dallas energy-focused hedge fund. In a statement published on LinkedIn, the 89-year-old Pickens says that "it's no secret the past year has not been good to me, from a health perspective or a financial one." (Tom Fox/The Dallas Morning News via AP, File) Legendary oil tycoon, investor and philanthropist T. Boone Pickens has died at the age of 91. The Dallas Morning News reported that Pickens died of natural causes at his home on Wednesday. Pickens, whose estimated net worth is now about $500 million, has made billions of dollars and lost billions along the way. He’s given more than $1 billion away in his lifetime to a wide range of philanthropic initiatives. Pickens was born in Holdenville, Okla., but much of his business life centered in and around Dallas. Read more about the death of T. Boone Pickens Jr

T Boone Picken's Ranch Is Still For Sale Even After His Death. The Mesa Vista Ranch, which is almost 65,000 acres, has an asking price of $250 million, one of the most expensive listings in the U.S. - Photo: Courtesy of Sotheby's International Realtors Read the full article

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Saddened to hear of the passing of the infamous corporate raider and oil magnate T. Boone Pickens. I had the pleasure of spending a couple of days with him in 2002 for Fortune Magazine at his ranch in Amarillo and his office in Dallas. He was kind and generous with his time. #tboonepickens @fortunemag @tboonepickens #rz67 #mamiyarz67 #shotonfilm #mediumformatfilm #mediumformatcamera #mediumformatphotography https://www.instagram.com/p/B2UwLUcAiyh/?igshid=lb9e8lnojr6j

#tboonepickens #rz67 #mamiyarz67 #shotonfilm #mediumformatfilm #mediumformatcamera #mediumformatphotography

New work for Forbes Magazine - T. Boone Pickens - Shot in his airplane and on his 68,000-acre ranch northeast of Amarillo.

#tboonepickens #forbes #editorial #photography #Austin #amarillo #Texas