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Former billionaire turned governor turned senator tries to explain web of coal companies and net worth of ‘less than zero’

Fortune•Friday, October 24, 2025 at 3:51:41 PM
NeutralFinancial Markets
Former billionaire turned governor turned senator tries to explain web of coal companies and net worth of ‘less than zero’
Jim Justice, a former billionaire who transitioned from governor to senator, recently addressed the complexities surrounding his coal companies and his current net worth, which he described as 'less than zero.' During a briefing, he emphasized that his children are effectively managing the businesses. This situation highlights the intricate relationship between personal wealth and business operations, especially in the coal industry, which has faced significant scrutiny and challenges in recent years.
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