Paul Foster

Net worth over time

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

Financial assets