America's Fourth-Richest Woman? Only Her Accountant Knows For Sure

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4th Richest woman Elaine MarshalBloomberg thinks it has found the fourth-richest woman in the United States, someone who has heretofore "avoided the spotlight that ordinarily accompanies great wealth": Anna Nicole Smith's 70-year-old daughter-in-law, Elaine Tettemer Marshall.

Marshall, who lives in Dallas, is said to hold a nearly 15% stake in Koch Industries, the country's second-largest privately held company (principally owned by the Koch Brothers, Charles and David, famous for their support of conservative politics and think tanks). Her shares are valued at more than $12.7 billion by the Bloomberg Billionaires Index. She was married to E. Pierce Marshall, son of oilman J. Howard Marshall, who went into business with Koch Industries founder Fred Koch and thereby gained a slice of the company, which he bequeathed to his son.

In 1994, when he was 89, Howard Marshall wedded Anna Nicole Smith, then a 26-year-old stripper-turned-Playboy model. They were married for a little over a year when Marshall died, setting off a long legal battle over his will and trust.

Elaine and Pierce MarshallAs Bloomberg reports, the wrangling between Smith and Pierce Marshall actually began four months before Howard Marshall's death, when the future reality TV star sued her stepson, "accusing him of interfering with his father's ability to provide her spousal support." It would take 16 years for the courts to resolve the cases spawned by their dispute; by then, both were dead, he of an infection at 67 and she of an overdose at 39.

The upshot -- after a series of decisions and appeals that included two trips to the Supreme Court -- was that Smith and her estate received nothing. When Pierce Marshall died in 2006, Elaine gained control of her husband's Koch Industries shares -- which Howard Marshall had called "the Crown Jewels" -- and got a seat on the company's nine-member board.

But Marshall rejects Bloomberg's characterization of her as among the country's wealthiest citizens. Her spokesman told The Dallas News the nearly $13 billion valuation was "ridiculous."

That's consistent with what her late husband always said on the subject: "Forbes' calculation of my father's wealth is a wildly inflated fantasy," Pierce Marshall told The Dallas News.

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69 Comments

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allenf551

I usually don't go for older women, but she looks hot.....

September 20 2012 at 2:57 PM Report abuse rate up rate down Reply
mproviderone

I WONDER IF THATS ALL AOL CAN FIND TO CALL NEWS. GETTING TO BE LIKE WATCHING FOX, WHY WONT THEY TALK ABOUT PROBLEMS LIKE THE FED. NOTHING FROM ROMNEY OR OBAMA ON THIS COUNTRYS REAL PROBLEM. DOES ANYONE REALLY CARE THIS LADYS RICH... GOOD FOR HER

September 20 2012 at 11:55 AM Report abuse +1 rate up rate down Reply
jbjg24m

my future wife

September 20 2012 at 9:23 AM Report abuse rate up rate down Reply
DarkStarAz

Shes probably beat out by Anne Cox (KFI radio in LA) and some babes in the walmart clan

September 20 2012 at 6:41 AM Report abuse rate up rate down Reply
pattershow

And paying less than 15% on her investments, thanks to this country's ridiculous tax structure. Let President Obama propose a progressive dividends and capital gains tax that addresses this country's indulgence of the top .01%, and he will earn my vote.

September 20 2012 at 3:21 AM Report abuse rate up rate down Reply
1 reply to pattershow's comment
ilm9p

By all means criminalize wealth in this Country and redistribute these funds so even more dirty animals can make a career of being on welfare, sitting around in their free Section 8 housing, free utilities, free healthcare, free food, all the while breeding like rats crapping forth even more welfare trash (each from a different father).

September 20 2012 at 1:44 PM Report abuse +2 rate up rate down Reply
Bill

im on ssi could from head cancer can you share some money , alot of time we dont eat,wife works at walgreens so we make to much for any help, except the family and there tried of us asking .....please help.

September 20 2012 at 1:05 AM Report abuse rate up rate down Reply
MYRSAYDEZ

None of The Money Bag Hags Look Hungry

September 20 2012 at 12:43 AM Report abuse rate up rate down Reply
1 reply to MYRSAYDEZ's comment
db1anonly

Stupid jealousy!

September 20 2012 at 10:35 AM Report abuse rate up rate down Reply
Charles

She looks like a very nice lady, and at least her husband didn't find her in a strip club. Does anyone in their right mind think that an 86 year old guy would be appealing to someone like Nicole, that is if he hadn't had a fortune for her to inherit. But, alas she self destructed so the scheming just didn't pay off for her. She was not a nice person, very shallow, and coveted the wealth of another. She also tried to get what was not hers by denying the Son his rightful inheritance. Let's just accept that the 86 year old was beguiled by a sexual temptress. There truly is no fool like an old fool!

September 20 2012 at 12:39 AM Report abuse -1 rate up rate down Reply
ha6ai

You are reading a yellow rag ... like the "National Enquirer" ..... AOL/HuffPuff is a slimy scummy smarmy low-life gutter-snipe.

The only reason for this "story" is because the family supports Romney. HuffPuff is Obama's evil little propagandist.

Where are the HuffPuff stories about the much more "rich" billionaire, GEORGE SOROS, and the evil that he does with all his hidden interrelated extreme left agitating organizations?

September 19 2012 at 11:57 PM Report abuse +1 rate up rate down Reply
shockj2000

"How she made her jaw-dropping fortune" Is this the best these people can come up with?

September 19 2012 at 11:05 PM Report abuse rate up rate down Reply