Elaine Tettemer Marshall (born July 22, 1942) is an American
billionaire
A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busin ...
heiress. Trusts for the benefit of Marshall and her sons own the 16% beneficial interest in
Koch Industries
Koch Industries, Inc. ( ) is an American privately held multinational conglomerate corporation based in Wichita, Kansas and is the second-largest privately held company in the United States, after Cargill. Its subsidiaries are involved in th ...
; formerly owned by her husband,
E. Pierce Marshall, to whom she was married from 1965 until his death in 2006. These shares were previously owned by her father in-law,
J. Howard Marshall, who was married to actress
Anna Nicole Smith
Anna Nicole Smith (born Vickie Lynn Hogan; November 28, 1967 – February 8, 2007) was an American model, actress, and television personality. Smith started her career as a ''Playboy'' magazine centerfold in May 1992 and won the title of 1993 ...
in the last year of his life.
Elaine has been a member of the
board of directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...
of Koch Industries since the 2006 death of her husband.
Legal issues
After
Anna Nicole Smith
Anna Nicole Smith (born Vickie Lynn Hogan; November 28, 1967 – February 8, 2007) was an American model, actress, and television personality. Smith started her career as a ''Playboy'' magazine centerfold in May 1992 and won the title of 1993 ...
sued to lay a claim to the
estate of
J. Howard Marshall, Elaine's father in-law, Elaine was a party in several legal cases including ''
Stern v. Marshall'' and ''
Marshall v. Marshall''.
As a
trustee
Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility to t ...
and a beneficiary of various family trusts, she was also a defendant in a case, decided in 2014, regarding
gift tax
In economics, a gift tax is the tax on money or property that one living person or corporate entity gives to another. A gift tax is a type of transfer tax that is imposed when someone gives something of value to someone else. The transfer must ...
due from an indirect gift of shares of
Koch Industries
Koch Industries, Inc. ( ) is an American privately held multinational conglomerate corporation based in Wichita, Kansas and is the second-largest privately held company in the United States, after Cargill. Its subsidiaries are involved in th ...
by her father in-law to these trusts in 1995.
See also
*
List of female billionaires
''Forbes'' magazine annually ranks the world's wealthiest female billionaires. This list uses the static rating published once a year by Forbes, usually in March. There were 328 women listed on the world's billionaires , up from 241 in March 2020. ...
References
{{DEFAULTSORT:Marshall, Elaine Tettemer
1942 births
Living people
American billionaires
Female billionaires
Koch Industries
Marshall family
People from Dallas