Paul Novelly & family

$1.38B

as of 10/04/24

About Paul Novelly & family

Paul "Tony" Novelly owns Apex Oil, a petroleum products distribution, storage and transportation firm based in St. Louis, Missouri.

He joined the company in 1969 and rose to become CEO. The firm filed for bankruptcy in 1987 and Novelly became the sole owner after it emerged from bankruptcy in the early 1990s.

He also owns World Point Terminals, which owns 19 oil storage terminals in 15 states, and Bermuda-based oil trading firm AIC.

His other holdings include the Shanty Creek ski and golf resort in Michigan; real estate in St. Louis and St. Albans, Missouri; and 40% of publicly traded specialty chemicals producer FutureFuel.

He stepped down as CEO of Apex Oil and FutureFuel in 2022, handing over the reins to his son, Paul Novelly II.

Personal stats

Citizenship

United States of America

Source of wealth

Oil

Residence

Boca Raton, Florida

Marital status

Married

Birth date

08/20/43 (age 81)

Number of children

Self-made

self-made