Howard Marshall III
Howard Marshall iii is an American businessman. He is the president of MDH Industries. It is an electronics company located in Monrovia, California. He is the eldest son of Howard Marshall II. Howard Marshall II had a 16% stake in Koch Industries. Howard Marshall II is an oil billionaire. He was also one of the best businessmen in America. Here we will discuss Howard Marshall III’s early life, education, successful career, and his conflict with his father.
Early Life and Education
Howard Marshall III was born on 6 February 1936 in San Francisco, California. He spent his early life with his family. He had one brother, E. Pierce Marshall, and one sister, Elaine Tettmer Marshall. He started his early education at a high school. We have no information about his education and early life. He loved to live a private life. He became famous among the public because he conflicted with his father.
Howard Marshall III’s conflict with his father
Howard Marshall II was the best businessman in America. He has a successful career in this industry. He had a 16% stake in Koch Industries. Howard Marshall II gave roughly 4% stakes in Koch Industries to his sons, J. Howard III and E. Pierce in 1974. Howard Marshall II said to his sons that these were crown jewels, and to take care of them. Fred C. Koch was the founder of Koch Industries. Fred C. Koch has four sons, Fred Jr, William Koch, Charles Koch, and David Koch. After the death of Fred C. Koch, Four brothers started fighting for the Koch Industries in 1980. Howard Marshall III stands with Fred and William. While his father and brother sided with Charles and David. Charles and David won the case in 1983. J. Howard II said his son, Howard Marshall III returned his 4% stake in Koch Industries. Howard Marshall III sold the stake back for $8 million. After the death of Howard Marshall II, he went to court against his brother, E. Pierce. Howard Marshall III claimed that his brother had stolen his stakes. E. Pierce proved Howard Marshall III wrong in the court. Howard Marshall III felt guilty for the fraud. The judge ordered to pay $35 million in damages to his brother in 2002. He was forced to declare bankruptcy in July 2002. E. Pierce Marshall died in 1995. His wife Elanie Marshall inherited the 16% stakes in Koch Industries. This makes her one of the richest businesswomen in America.
Personal Life and net worth
Howard Marshall III married Anna Nicole Smith in 1994. They can not live together. He divorced her in 1995. Howard Marshall III is the owner of $5 million. He has earned this net worth from his successful business career. As a millionaire, Howard Marshall III loves to live a luxurious life. Howard Marshall II was the owner of 1.6 million at the time of his death. Howard Marshall III worked hard and became a successful businessman like his father.
