Web Reference: Frank Phillips led the company as its president until age 65, when in 1939 he named Kenneth S. "Boots" Adams to succeed him. The company had reported record profits of $24.1 million the previous year. Jan 10, 2024 · Frank Phillips is one of the richest Entrepreneur from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Frank Phillips 's net worth $5 Million. As a result, Frank and L. E. remained in the oil business. In 1917 they merged their existing oil operations and incorporated a new firm, the Phillips Petroleum Company, with twenty-seven employees and $3 million in assets. Five years later assets totaled over $50 million.
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Details: $42M - $58M
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Last Updated: April 2, 2026
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