Elaine Tettemer Marshall

Industry: Inherited wealth
Primary Company: Koch Industries
Age: Born in 1942¹“# 48 Elaine Marshall $20.7B,” Bloomberg Billionaires Index. Accessed July 20, 2019. Archive.fo URL: https://archive.fo/AU2F7
Location: Dallas, Texas
Estimated Worth: $8.8 billion (including family) as of March 3, 2014, according to Forbes.²“#147 Elaine Marshall & family,” Forbes. March 3, 2014. Archived July 20, 2019. Archive.fo URL: https://archive.fo/fVkEC

Background

Elaine T. Marshall is the wife of the late E. (Everett) Pierce Marshall Sr., son of late billionaire oil tycoon J. Howard Marshall II, who was a stakeholder in Koch Industries. Prior to his death, Marshall II gave some of his Koch stock to his sons and other family members. Elaine Marshall inherited a substantial amount of Koch Industries stock from her husband.³Daniel Fisher. “The Oilman, The Playmate, And The Tangled Affairs Of The Billionaire Marshall Family,” Forbes, March 4, 2013. Archived July 20, 2019. Archive.fo URL: https://archive.fo/K9ZA5

Elaine was married to E. Pierce Marshall from 1965 until his death in 2006. In 2014, Forbes estimated the net worth of Elaine Marshall and her family as $8.8 billion.⁴“#147 Elaine Marshall & family,” Forbes. March 3, 2014. Archived July 20, 2019. Archive.fo URL: https://archive.fo/fVkEC

Funding

Political Spending

According to Federal Elections Commission data, an Elaine Marshall identified as a member of the Koch Industries board of directors gave $50,000 to the Koch Industries Political Action Committee (KOCHPAC) between 2011 and 2022. The data also suggests she gave $4,000 to Bush-Cheney ’04 between 2003 and 2004.

See the attached spreadsheet for a breakdown of Elaine Marshall’s political contributions (.xlsx).

Koch Events

June 2010

Elaine Marshall and sons Preston Marshall and E. Pierce Marshall Jr. attended the June 2010 meeting of the Koch network in Aspen, Colorado. A list of attendees and a schedule for the Aspen summit was obtained by ThinkProgress.⁵“MEMO: Health Insurance, Banking, Oil Industries Met With Koch, Chamber, Glenn Beck To Plot 2010 Election,” ThinkProgress, October 20, 2010. Archived July 10, 2019. Archive.fo URL: https://archive.fo/KUNp3

Affiliations

• Koch Industries — Shareholder; board member as of 2020.⁶“Marshall family,” Forbes, December 16, 2020. Archived January 16, 2024.

Other Resources

• “E. Pierce Marshall” on Wikipedia
• “J. Howard Marshall II” on Wikipedia
• “J. Howard Marshall III” on Wikipedia
• “Elaine Tettemer Marshall” on Wikipedia

Resources

• 1
  “# 48 Elaine Marshall $20.7B,” Bloomberg Billionaires Index. Accessed July 20, 2019. Archive.fo URL: https://archive.fo/AU2F7
• 2
  “#147 Elaine Marshall & family,” Forbes. March 3, 2014. Archived July 20, 2019. Archive.fo URL: https://archive.fo/fVkEC
• 3
  Daniel Fisher. “The Oilman, The Playmate, And The Tangled Affairs Of The Billionaire Marshall Family,” Forbes, March 4, 2013. Archived July 20, 2019. Archive.fo URL: https://archive.fo/K9ZA5
• 4
  “#147 Elaine Marshall & family,” Forbes. March 3, 2014. Archived July 20, 2019. Archive.fo URL: https://archive.fo/fVkEC
• 5
  “MEMO: Health Insurance, Banking, Oil Industries Met With Koch, Chamber, Glenn Beck To Plot 2010 Election,” ThinkProgress, October 20, 2010. Archived July 10, 2019. Archive.fo URL: https://archive.fo/KUNp3
• 6
  “Marshall family,” Forbes, December 16, 2020. Archived January 16, 2024.