Billionaire U.S. Coal Baron Cline Dies in Helicopter Crash
REUTERS
Christopher Cline, the billionaire coal tycoon best known for reviving Illinois’s mining industry and making a fortune doing it, died in a helicopter crash Thursday, Bloomberg reports.
Cline died in an accident off the coast of the Bahamas that also killed six other people.
Cline, who dies a day shy of his 61st birthday, was born into coal. His grandfather dug up the rock with a pickaxe, and he himself started working the mines at 22. Ten years later, he founded the Cline Group to extract coal from beneath the hollows and rolling hills of Appalachia. He created Foresight to expand into Illinois in 2006. At its peak, the company was valued at more than $2.6 billion.
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