Richard Kinder makes a million in a day

The value of Kinder’s holdings surged by almost a million after his statement that he would consolidate his companies to grow faster. Richard Kinder’s corporate empire control a pipeline network long enough to circle the Earth three times. Bringing together Kinder’s oil storage tanks, pipelines, and natural gas processing plants together will create the biggest infrastructure company in North America. At this point the companies stand at a combined market value of $106 million.

As chairman and CEO of the company, Kinder takes $1 a year salary and gets no bonus from any of his companies. His ownership stakes in his company, however, earned him $380 million in dividends last year, which should rise under the deal. The rapid expansion of the company and division in to multiple entities had created a burden in recent years because the partnership structure siphoned off cash for investors that the company needed to grow. Kinder will unify the company in to one single stock that he can use as currency to buy out competitors.

Kinder has been behind competitors like Willams Cos. and Enterprise Products Partners LP in the last three years. Kinder generated a 73% total return compared with 221% for Williams’ investors and Enterprise’s 130% return. Richard Kinder’s personal stake alone in the company (243.1 million shares) makes him the largest investor in the company which announced its plans on Sunday to absorb its three sisters. The merger is said to be completed by the end of this year.

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Nancy Young

When I was younger I used to spend almost all of my free time playing computer games. My mom and dad would go mental over this. “You’re never going to do anything with your life if you are going to play games all day” they used to say. What was even more unusual was the fact that I played more games than most of the guys in my friend group. Looking back, I have to admit that I probably played a bit too much, but I also learned a lot of great things. When I turned 20 I decided that it was high-time to make some money of my own, but the only jobs I could get were that of waitress or cashier. How exciting. After several excruciating months of serving tables I had a great idea: since I love gaming so much, why don’t I write about it? That’s when I started doing small writing projects on Elance. Eventually, I got an offer for a part-time job. During that time I learned all about content marketing strategies and how search engines work. I started writing about various topics such as technology, health and lifestyle and discovered that I was actually good at it. On November 24, 2014, I became part of the ArgyllFreePress team.