Billionaire Fracking Brothers Hammered by Permian Holdings

The Wilkes brothers became billionaires by selling their fracking company during the shale boom. However, they have faced significant financial losses due to declining oil prices and poor investment performance. Despite these challenges, they are in a better position than many due to their financial independence. They have diversified their investments into land ownership and political contributions, becoming major landowners in Idaho and Montana.

How did the Wilkes brothers initially accumulate their wealth?

• By inheriting a fortune

• Through a successful tech startup

• By selling a fracking company

• Through real estate investments

What was the primary reason for the Wilkes brothers' financial losses?

• Poor management decisions

• High inflation rates

• Declining oil prices

• Increased competition

By how much did the value of the Wilkes brothers' portfolio decrease?

• 70%

• 88%

• 95%

• 50%

What strategy have the Wilkes brothers used to diversify their investments?

• Investing in tech startups

• Buying land and political contributions

• Opening new fracking companies

• Investing in renewable energy

In which states have the Wilkes brothers become the largest landowners?

• Nevada and Arizona

• Texas and California

• Idaho and Montana

• New York and Florida