The 1,468th Richest Person in the World Lives in El Paso
Did you know a billionaire lives right here in El Paso?
You’ve probably heard of him. And if you haven’t then you’ve probably shopped or dined in one of his establishments or cheered for his baseball team on a hot summer night.
He’s Paul Foster. And he’s one of the richest people on the entire planet. Forbes magazine’s annual list of the world’s billionaires ranks the 59-year-old El Paso businessman as the 1,468th-richest person in the world with an estimated net worth of $1.4 billion.
Stateside, his 2017 net worth makes him the 463rd wealthiest person in the United States, and in Texas there are only 42 other people with more money than him.
Foster, who was raised in Lovington, New Mexico, but calls El Paso home, is the Chairman of Western Refining, and a partner in Mountain Star Sports Group, which owns the El Paso Chihuahuas. He’s also a partner in numerous real estate ventures around town, including The Fountains at Farah.
It’s pretty cool that he chooses to live here. Even cooler that he’s invested so much of his personal fortune in his adopted hometown and donated a big chunk of it as well, including a reported $50 million to Texas Tech’s El Paso medical school.
Foster first made the Forbes billionaires list in 2008 when his net worth reached $1 billion. His net worth has remained pretty steady since then, peaking at 1.5 billion in 2015.