Jim Justice Net Worth – How Much is He Worth?

This article covers detailed information about Jim Justice net worth, salary, earnings, biography, education, business, etc.

So without further delay, let’s get started –

Jim Justice Net Worth

Jim Justice has a net worth of around $450 million.

Jim Justice Salary and Earnings

As far as Jim Justice’s salary is concerned, he earns around $150,000 as the Governor of West Virginia. However, he makes much more than this from his established businesses.

Jim Justice Biography

Jim Justice was born in Charleston to James Conley Justice and Edna Ruth Perry Justice. He started taking an interest in the family business from an early age.

In 1977, Justice founded Bluestone Farms and expanded to more than 50,000 acres over four states, making it the largest grain producer on the East Coast. In addition, he also created the 15,000-acre hunting and fishing preserve Stoney Brook Plantation in Monroe County.

James C. Justice, a Virginia Tech alumnus, is looking after the coal and farming businesses owned by the Justice family. Moreover, Dr. Jill Justice, a graduate of Marshall University and The Edward Via Virginia College of Osteopathic Medicine in Blacksburg, Virginia, currently serves as the president of the Greenbrier Hotel Corporation and practices medicine there as a physician.

Talking about his personal life then, Jim Justice has been married to his high school best friend Cathy for over 40 years. The couple has two kids, Jill and Jay.

Jim Justice Education

Jim Justice attended Greenbrier Military Academy after graduating from Woodrow Wilson High School in 1969. Before receiving his undergraduate and master’s degrees in business administration, Governor Justice attended Marshall University in Huntington, West Virginia, where he spent two years as the golf team’s captain.

For the past 36 years, he has coached basketball teams of various ages and is currently the head coach of the boys’ and girls’ teams at Greenbrier East High School in Lewisburg, West Virginia.

Jim Justice Business

Justice took control of Bluestone Industries and Bluestone Coal Corporation after the demise of his father in 1993. Eventually, the Justice enterprises grew to incorporate a variety of industries throughout the following 15 years, including Christmas tree farms, cotton gins, turf grass operations, and golf courses.

Later, Justice sold the family’s coal operations in West Virginia to the Russian corporation Mechel in 2009. He paid the Russian firm Mechel $568 million in 2009 for a portion of his coal business. Mechel purchased the company back for $5 million in 2015 after a sharp decline in the price of coal forced him to close several mines.

Justice employed more than 200 miners after regaining Coal Mine ownership from Mechel. In 2019, two debt-related lawsuits were resolved, and in 2020, mining businesses owned by Justice or his family consented to pay $5 million in back safety fines.

According to Forbes, Jim Justice net worth as of October 2021 was reported to be around $513.3 million. Moreover, Jim Justice is the owner or CEO of over 50 businesses, including the Greenbrier in White Sulphur Springs, West Virginia, which he acquired for $20.5 million in 2009 to save it from going bankrupt.

As of 2014, Justice owned 70 operational mines. He has also donated $10 million to the Cleveland Clinic, $5 million to Marshall University, and $25 million to The Summit Bechtel Family National Scout Reserve’s James C. Justice National Scout Camp. Through the Child campaign “Dream Tree,” Justice distributes more than $1 million in Christmas gifts yearly.

Justice left every executive post he had held before becoming governor. He delegated management of the Greenbrier to his daughter Jill and his mining and agricultural companies to his son Jay.

FAQs

What is Jim Justice net worth?

According to Forbes, Jim Justice net worth as of October 2021 was $513.3 million.

What is Jim Justice’s height?

Jim Justice is 6 feet 7 inches (2.01 m) tall.