Oil tycoon and philanthropist T. Boone Pickens dies at 91

News

NEW YORK, NY – SEPTEMBER 19: Founder & Chairman, BP Capital Management T. Boone Pickens speaks at the 2016 Concordia Summit – Day 1 at Grand Hyatt New York on September 19, 2016 in New York City. (Photo by Bryan Bedder/Getty Images for Concordia Summit)

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

OKLAHOMA CITY – T. Boone Pickens, who amassed a fortune as an oil tycoon and corporate raider and gave much of it away as a philanthropist, has died. He was 91.

Spokesman Jay Rosser confirmed Pickens’ death Wednesday to The Associated Press.

Pickens made his first millions in oil, burnishing an image as a maverick, unafraid to take on giants in the oil patch. Even his name seemed to fit, like central casting’s idea of what an oilman should be named.

Starting in the 1980s, he became known for launching hostile corporate takeover bids that often resulted in a huge payoff. His fortune soared into the billions.

Pickens flirted with the idea of marketing water from West Texas to the state’s metropolitan areas. In a break from his past, he also developed wind farms.

FOX 2 Newsletters

Sign up for a newsletter from FOX 2 to get updates about news and weather. We offer daily headlines, breaking news, severe weather, and forecast emails.

Popular

Latest News

More News