Paul Foster
#914

Paul Foster

United States 68 years old Self-Made

Overview

Source of Wealth
Oil refining
Industry
Energy
Residence
El Paso, Texas
Organization
Chairman at Western Refining
Education
Baylor University (Bachelor of Arts/Science)
Marital Status
Married
Children
2

Assets

  • Andeavor
    0 shares @ -
    -
    ANDV-US
  • Coterra Energy
    14,377,000 shares @ -
    -
    -
  • Marathon Petroleum
    0 shares @ -
    -
    MPC-US
  • Marathon Petroleum
    4,306,000 shares @ -
    -
    MPC-US

Biography

Texas-based Paul Foster built a fortune in oil refining.

In 2017, he sold his company Western Refining to San Antonio-based Tesoro for $6.4 billion. The merged entity was later renamed Andeavor and sold to Marathon Petroleum.

Through Franklin Mountain Investments, Foster owns stakes in more than 30 companies spanning real estate, restaurants and sports. In 2025, he sold his energy venture for $2.5 billion.

A graduate of Baylor University and a registered CPA, Foster handled the books for small oil refineries across the Southwest.

He and his partners took over bankrupt El Paso Refining in 1992. He bought out his partners five years later.

Foster serves as a trustee of the Baylor College of Medicine and is a member of the Texas Parks and Wildlife Commission and the Federal Reserve Bank of Dallas' Energy Advisory Council.

About

Foster is a part owner of the El Paso Chihuahuas, a Triple-A baseball team.