Lynn Schusterman & family
$4.4B
Born
Jan 21, 1939
Age
86
Source of Wealth
Oil & gas, investments
Residence
Tulsa, Oklahoma
Citizenship
United States
Marital Status
Widowed
Children
3
Education
Drop Out, University of Miami
- Lynn Schusterman's husband Charles Schusterman founded Samson Resources in 1971 and grew it until his death from leukemia in 2000.
- Lynn and Charles' daughter Stacy became co-CEO of Samson Resources in 1999 and the sole CEO in 2005.
- Under Stacy Schusterman's leadership, the family sold most of the company's assets to a KKR-led group for $7.2 billion in 2011.
- Lynn Schusterman held onto some oil and gas assets, which are part of Samson Energy, chaired by her daughter Stacy.
- Of the Samson proceeds, $2.3 billion went to Charles and Lynn Schusterman Family Philanthropies, which works to promote equity in the U.S. and strengthen the state of Israel.
- Under KKR's leadership, Samson filed for bankruptcy in 2015, burdened with too much debt as oil prices fell.
- The Schustermans won a lawsuit filed by a bankruptcy settlement trust that claimed the family had gotten an unfair windfall from the 2011 sale.
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