(Reuters) – Coal tycoon and self-made billionaire Christopher Cline, 61, was amongst seven individuals who died in a helicopter crash on Thursday within the Bahamas, the Register-Herald of West Virginia reported, citing associates of Cline.
Foresight Power LP’s Chairman Christopher Cline (R) rings the opening bell on the New York Inventory Trade, U.S., June 19, 2014. REUTERS/Brendan McDermid
West Virginia Governor Jim Justice confirmed Cline’s loss of life on Twitter however supplied no particulars on the way it occurred.
“In the present day we misplaced a WV famous person and I misplaced a really shut buddy. Our households return to the start of the Cline empire – Pioneer Gasoline. Chris Cline constructed an empire and each time was all the time there to provide. What an exquisite, loving, and giving man,” Justice stated.
“Cathy and I are praying for his household and all these concerned on this tragedy,” Justice stated.
Cline died the day earlier than his 62nd birthday and was a local of Beckley, West Virgina.
Amongst these killed was additionally one in all Cline’s daughters, the Register-Herald stated, citing unnamed associates of Cline.
The helicopter went down shortly after takeoff within the Atlantic Ocean early Thursday close to Walker’s Cay, the northernmost island within the Bahamas, BNO Information stated, citing unspecified U.S. and Bahamian officers.
The helicopter was headed for Ft. Lauderdale, Florida, the Palm Seashore publish reported, citing Bahamian Air Accident Investigation Division’s chief investigator, Delvin Main.
Cline resides in Seminole Touchdown, Florida, close to North Palm Seashore, the newspaper reported.
Neither Main, nor a consultant with the Bahamas Division of Civil Aviation have been out there early Friday for remark.
A submerged helicopter with seven aboard had been discovered close to Walker’s Cay, the Register-Herald stated, citing Nassau authorities.
Forbes listed Cline #1,281 on its billionaires listing with an estimated web value of $1.eight billion, itemizing him as self-made.
Cline began working within the coal mines at age 15 and later dropped out of Marshall College, Forbes stated.
A serious enterprise breakthrough got here within the early 2000s when he purchased up high-sulfur coal reserves in Illinois, playing that improved know-how would make it extra economical to burn soiled gas, Forbes stated.
Cline took coal mining agency Foresight Power (FELP.N) public in 2014, and bought a controlling stake in 2015 for $1.four billion money.
Reporting by Daniel Trotta and Wealthy McKay; Enhancing by Michael Perry and Himani Sarkar