Soaring oil prices are padding the fortunes of US shale and gas tycoons, even vaulting one into the ranks of the world’s 500 richest people for the first time.
American oil and gas industrialists on the Bloomberg Billionaires Index now have a collective net worth of $239bn, a jump of nearly 10 per cent since Russia invaded Ukraine on Feb. 24. The growth is being fueled by near-record high energy prices as sanctions by the US and Europe threaten to choke off Russian exports.
