Don Blankenship net worth is
Don Blankenship Wiki Biography
Donald Leon Blankenship was born on the 14th March 1950, in Stopover, Kentucky USA, and is a businessman, particular a coal magnate best known as Chairman and CEO of the Massey Energy Company from 2000 to 2010. Blankenship is also known for conspiracy to violate mine safety and health standards, and is currently imprisoned at FCI Taft, California. His career started in 1972 and ended – at least temporarily – in 2010.
Have you ever wondered how rich Don Blankenship is, as of late 2016? According to authoritative sources, it has been estimated that Blankenship’s net worth is as high as $40 million, an amount earned through his mostly successful career in the coal and mining industry.
Don Blankenship Net Worth $40 Million
Don Blankenship grew up in Delorme, West Virginia and went to Matewan High School, later studying at Marshall University, from where he graduated with a bachelor’s degree in accounting in 1972.
Blankenship’s career in coal industry started in 1972, and in 1982 he joined a Massey subsidiary, Rawl Sales & Processing Co. and served in the company in various positions. After proving himself at the enterprise, Blankenship was promoted to president of Massey Coal Services, Inc. for 1989 to 1991, and also served as a President and Chief Operating Officer from 1990 to 1991. In 1992, Don took charge of the company when was appointed to serve as chairman of the board of A.T. Massey, the first non-family member to hold such a position. In 2000, Don became the newly independent company’s chairman and CEO after A.T. Massey was removed from the position, which helped Blankenship to increase his net worth significantly. He even made an additional amount of money thanks to his positions as a director of the Center for Energy and Economic Development, on the U.S. Chamber of Commerce board of directors, and a director of the National Mining Association, Mission West Virginia Inc.
However, Blankenship’s problems started in April 2010, when an explosion took place at Massey’s Upper Big Branch mine in Raleigh County, West Virginia and killed 29 miners – the worst mining disaster in America since 1970. Don was accused of conspiracy to violate mandatory federal mine safety and health standards, securities fraud, and for giving false statements to the Securities and Exchange Commission, and conspiring to impede federal mine safety officials. He faced 31 years in prison if convicted of all charges, but he escaped the maximum sentence and was found guilty of one misdemeanor charge of conspiring to violate mine safety and health standards willfully. Don was acquitted of felony charges for lying about security procedures, and the judge lowered his bond from $5 million to $1million, so Blankenship returned to his home in Las Vegas and was able to travel across the US. In April 2016, Blankenship was sentenced to one year in prison and fined $250,000, and although he appealed to the federal court in May, it was rejected, and he was transferred to FCI Taft, in California, and started serving his sentence.
Regarding his personal life, Don Blankenship is divorced and has two children; his son, John, is a dirt track car racer, but his father put his team up for sale. Blankenship’s residence is in Rawl, West Virginia, and he also owns properties across the US, including in Las Vegas and Los Angeles.
Don Blankenship is a Republican and is known as their financial backer, and also participated in both local and state politics, especially in his home state West Virginia. He featured in Michael Shnayerson’s book called “Coal River” (2008) and in Laurence Leamer’s “The Price of Justice: A True Story of Greed and Corruption” (2013).
|Net Worth||$40 Million|
|Date Of Birth||March 14, 1950|
|Place Of Birth||Stopover, Kentucky, United States|
|Education||Marshall University, Matewan High School|
|Siblings||Jennifer Blackenship, John Blackenship|