Oklahoma City, OK

The 3 billionaires who live in Oklahoma City

Ash Jurberg

Photo by David Suarez on Unsplash

Recently a report from Forbes stated that there are 2,755 billionaires in the world. Of those lucky people, three of them call Oklahoma City home. So let's take a quick look at the Oklahoma City billionaires.

Love is a fortune

Actually, technically there are four billionaires as it is a husband and wife that share first place at the top of the Oklahoma City billionaire list.

Tom and Judy Love are the founders of Love's Travel Stops & Country Stores. Together they have a net worth of $10.8 billion, up from $6.5 billion this time last year. This fortune places them at number 205 in the world.

The Loves started their company back in 1964 when they leased a gas station in Watonga, Oklahoma. From that one gas station (which they leased for $5000 at the time), he opened another 30. Then, in 1971 he decided to merge gas stations with convenience stores, in what proved to be a very successful decision. They have since grown to 490 locations across 41 states in the United States. with annual revenue of $20.6 billion.

Like several billionaires, they do believe in philanthropy - in 2018, they gave $5 million to the University of Oklahoma. In addition, Judy Love serves on the boards of several organizations, including the Oklahoma City University, the Oklahoma City Museum of Art, the St Anthony Foundation, and the University of Central Oklahoma Foundation.

The fracking pioneer

Harold HammImage from WikiCommons images

Second, Harold Hamm is on Oklahoma City's billionaire list with a net worth of $9.4 billion. Hamm founded Continental Resources, which is one of the countries biggest independent oil companies.

He came from a large family of Oklahoma sharecroppers (Harold was the 13th and youngest child) and picked cotton as a child before getting a job at a gas station aged just sixteen.

In 1967 at the age of 21, he founded his own company, Continental Resources, and in 1971 he took out a loan to drill his first well on an oilfield, but in the 1990s, Hamm made his fortune. He started to use horizontal drilling and hydraulic fracturing, which completely transformed the US oil industry. Hamm became, and Continental Resources became a major oil producer.

Hamm was given honorary degrees from both the Northwestern Oklahoma State University and the University of Oklahoma. In 2011 he was inducted into the Oklahoma Hall of Fame.

Hamm donated $10 million to start the Harold Hamm Diabetes Center at the University of Oklahoma.

"I see these people who spring out of nowhere with a new app that they're selling for a billion dollars. How good is that! That's fantastic! That's what it should all be about. There shouldn't be any limits." Harold Hamm

The son of a preacher man

The third Oklahoma City billionaire is David Green, who has a net worth of $7.6 billion- enough to place him at 327 globally.

Much like Hamm, Green came from a poor background- his father was a preacher. Green opened a crafts shop in 1970 using a $600 loan. Since then, he has grown the business- Hobby Lobby- to 850 locations across 46 states with $5 billion in annual sales. An outstanding return on his $600 loan.

He is a devout Christian with all five of his siblings, either pastors or pastors' wives. The Green family spent $500 million on the Museum of the Bible, which opened in Washington, D.C, in 2017. Green has a strong work ethic, still working six days a week, only taking Sunday off.

"I don't care if you're in business or out of business, God owns it... How do I separate it? Well, it's God's in church and it's mine here. You can't have a belief system on Sunday and not live it the other six days." David Green

There you have the 3 billionaires of Oklahoma City. In case you were wondering, the city with the most billionaires in he world is Beijing, with New York City in second place.

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