We work diligently to ensure that our numbers are the most accurate celebrity net worth data you will find anywhere on the internet. By November 28, 2001, Enron's share price dropped all the way down to $1. Timeline. He received a 100% scholarship to study at Southern Methodist University. After his death, Enron's creditors sued his widow Linda to recover a portion of $10 million was paid by Enron prior to its collapse to buy the two an annuity. Kenneth Lay and Jeffrey Skilling were at the helm as the company collapsed, taking the jobs and savings of thousands along with it. According to court records, Kenneth Lay received $101m (£71m) in proceeds from the sale of … Ken Lay net worth: Ken Lay was an American businessman who had a net worth of negative $250,000 at the time of his death (but a peak net worth of $400 million). Richard Kinder was born in Cape Girardeau, Missouri… After all, the Lays had 15 houses worth more than $40 million - 13 in Texas worth almost $29 million, and two in Aspen, Colorado. He was best known for being involved in the Enron scandal. Ken Lay net worth: Ken Lay was an American businessman who had a net worth of negative $250,000 at the time of his death (but a peak net worth of $400 million). Between 1998 and 2001 he earned $300 million worth of stock and stock options. Lay worked as an economist and served as the Special Assistant to the Navy Comptroller as well as the Financial Analyst at the Office of Assistant Secretary of the Navy for the United States Navy. Ken Lay was inducted by a grand jury. -Kenneth Jay Lane “Elegance, luxury and good taste never go out of style." Richard Kinder (created October 19, 1944) is an American businessman and philanthropist. Jeffrey Skilling Net Worth: $500,000. As a result, his conviction was vacated. Once at the pinnacle of Houston's financial and political elite with a fortune worth as much as $400 million, Mr. Lay, the former chairman of the Enron Corporation, is now facing financial ruin. But much of that money was based on shady accounting practices and losses not … … Ken Lay passed away on July 5, 2006 at 64 years old of a heart attack caused by coronary artery disease. The creditors and Linda reached a settlement in 2011. Everything we had mostly was in the one stock," she said. The deception was discovered in 2000 and became the largest bankruptcy in the world. The creditors and Linda reached a settlement in 2011. Also during this time, Lay learned that changes to the accounting rules governing goodwill (i.e., the difference between what Enron paid for an entity and the book value of that entity's net assets) would require Enron to disclose impairments to certain of its assets, including its interest in Wessex Water, a business located in Bath, England. Jeffrey Keith Skilling was born in Pittsburgh, Pennsylvania. He died on July 5, 2006 in Aspen, Colorado, USA. Lay helped create the company in 1985; by 2000, he had turned it from a simple natural-gas corporation into an energy-trading giant worth $68 billion. Lay was the founder, CEO, and Chairman of the Enron Corporation. The deception was discovered in 2000 and became the largest bankruptcy in the world. Kenneth Jay Lane Fashion Jewelry. He was the second child of all four children. He was amongst the top five percent of his class. Submit a correction suggestion and help us fix it! Kenneth Lee Lay was born 15th April 1942,to Omer and Ruth Lay. Ken Lay sold off $90 million worth of stock during this period. He owned more than a dozen homes and in 1999 alone earned $42.4 million in total compensation. He was born in Tyrone, Missouri, in the United States, where his father was a Baptist preacher. 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