Paul Foster

$4.47 B

Ranked #918 in World

About Paul Foster

Renowned American entrepreneur Paul L. Foster, helming Franklin Mountain Investments, built a robust legacy through Western Refining, ascending to Fortune 200 stature. A Baylor University alum, Foster's accounting expertise gained him recognition on Forbes' wealthy list. His philanthropic strides include a significant $50 million endowment to Texas Tech's medical school and revitalizing university infrastructure with his multimillion-dollar contributions. Serving in leadership roles within the University of Texas System and ERCOT, Foster's influential hand stretches from business acumen to educational benefaction.

Born

October 08, 1957

Age

68 years

Source Of Wealth

Oil Refining

Industries

Energy

Citizenship

United States

Residence

El Paso, Texas

Education

Bachelor of Arts/Science, Baylor University

Spouse

Alejandra de la Vega

Paul L. Foster was born and raised in Lovington, New Mexico. He attended Baylor University, where he graduated in 1979 with a bachelor's degree in accounting.

Paul Foster: Family

Information about Paul L. Foster's family is not provided in the given context.

Paul Foster: Career Highlights

In 1997, Paul L. Foster founded Western Refining, which became the fourth-largest publicly traded independent oil refinery in the United States by 2006. He appeared on the Forbes 400 list of wealthiest Americans in 2007, ranking 261st with a net worth of $1.9 billion. As of 2014, his net worth was listed as $1.5 billion by Forbes.

Paul Foster: Companies

Paul L. Foster is the CEO of Franklin Mountain Investments and the founder and former chairman of Western Refining.

Paul Foster: Major Achievements

Paul L. Foster's major achievements include founding Western Refining and becoming the fourth-largest publicly traded independent oil refinery in the US. He has also made significant philanthropic contributions, including donating $50 million to help create the Paul L. Foster School of Medicine at Texas Tech University Health Sciences Center in El Paso and $5 million with his wife for the renovation of Sun Bowl Stadium at the University of Texas at El Paso.

Paul Foster: Awards & Achievements

Information about Paul L. Foster's awards and achievements is not provided in the given context.

Paul Foster: Personal Life & Legacy

Information about Paul L. Foster's personal life and legacy is not provided in the given context.

Paul Foster: Trivia

Paul L. Foster served on Baylor's business school's advisory board from 2008 to 2010 and donated $3 million to Baylor in 2006 for the Paul L. Foster Success Center. He also donated $35 million in 2013, mostly for the Paul L. Foster Campus for Business and Innovation and McLane Stadium project.

Wealth History

Timeline

1979

Graduated from Baylor University with a bachelor's degree in accounting.

1997

Founded Western Refining.

2006

Western Refining became the fourth-largest publicly traded independent oil refinery in the US.

2006

Donated $3 million to Baylor for the Paul L. Foster Success Center.

2007

Appeared on Forbes 400 list of wealthiest Americans, ranked 261st with a net worth of $1.9 billion.

2007

Appointed to the board of regents of the University of Texas System by Governor Rick Perry.

2008

Served on Baylor's business school's advisory board.

2009

Elected vice chairman of the board of regents of the University of Texas System.

2010

Re-elected vice chairman of the board of regents of the University of Texas System.

2011

Re-elected vice chairman of the board of regents of the University of Texas System.

2012

Elected chairman of the board of regents of the University of Texas System.

2013

Re-appointed chairman of the board of regents of the University of Texas System.

2013

Donated $35 million to Baylor, mostly for the Paul L. Foster Campus for Business and Innovation and McLane Stadium project.

2014

Net worth listed as $1.5 billion by Forbes.

2014

Donated $50 million to help create the Paul L. Foster School of Medicine at Texas Tech University Health Sciences Center in El Paso.

2014

Donated $5 million with his wife for the renovation of Sun Bowl Stadium at the University of Texas at El Paso.

N/A

Serves on the board of trustees for the Baylor College of Medicine.

N/A

Member of the Texas Parks and Wildlife Commission.

N/A

Donated at least one million dollars to Freedom Partners Action Fund, a conservative Super PAC affiliated with the Koch Brothers.

N/A

Serves as chair of the Electric Reliability Council of Texas (ERCOT).

Paul Foster : FAQs

What is Paul Foster's current net worth?

Paul Foster's current net worth is $4.47 billion.

What is Paul Foster's current global rank among billionaires?

Paul Foster holds the 918th position globally among billionaires.

What is Paul Foster's current ranking within the United States?

Paul Foster holds the 342nd position in United States.

What was the change in Paul Foster's net worth compared to the previous year?

Paul Foster's net worth increased by 341 million dollars compared to the previous year 2025, when his net worth was 4.13 billion dollars.

What are Paul Foster's main sources of wealth?

Paul Foster's main source of income comes from Oil Refining.

In which industry does Paul Foster primarily operate?

Paul Foster is primarily involved in the Energy industry.

What is Paul Foster educational background?

Paul Foster holds a Bachelor of Arts/Science from Baylor University.

How old is Paul Foster?

Paul Foster is 68 years old.

How many children does Paul Foster have?

Paul Foster has 2 children.

What notable contributions has Paul L. Foster made to Baylor University?

Paul L. Foster has made significant contributions to Baylor University, including a donation of $3 million in 2006 for the Paul L. Foster Success Center and a $35 million donation in 2013, largely allocated for the Paul L. Foster Campus for Business and Innovation and the McLane Stadium project.

How did Paul L. Foster impact the independent oil refining industry in the United States?

Paul L. Foster had a major impact on the independent oil refining industry by founding Western Refining in 1997, which grew to become the fourth-largest publicly traded independent oil refinery in the US by 2006.

Can you provide details about Paul L. Foster's philanthropic efforts in education?

Paul L. Foster is recognized for his philanthropy in education, including a notable $50 million donation to establish the Paul L. Foster School of Medicine at Texas Tech University Health Sciences Center in El Paso and a $5 million donation with his wife for the renovation of Sun Bowl Stadium at the University of Texas at El Paso.

What are some of the leadership positions and affiliations held by Paul L. Foster?

Paul L. Foster has held several prominent positions, such as serving as chairman of the board of regents of the University of Texas System, vice chairman of the board of regents, and chair of the Electric Reliability Council of Texas (ERCOT). He is also on the board of trustees for the Baylor College of Medicine and is a member of the Texas Parks and Wildlife Commission.