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.

What factors contributed to the decline in the brothers' fortunes after the shale boom?

What types of investments have the brothers made aside from their original company?