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Gov. Bill Haslam is richest politician in America

Gov. Bill Haslam speaks at the state Capitol in Nashville on Dec. 2, 2014.
Gov. Bill Haslam speaks at the state Capitol in Nashville on Dec. 2, 2014.

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photo Tennessee Gov. Bill Haslam

Falling gasoline prices are putting more money in the pockets of most Americans, but few are benefiting more than Tennessee Gov. Bill Haslam who Forbes magazine says is now the richest politician in America.

As oil prices have fallen in the past year, Forbes estimates that Gov. Haslam’s personal wealth more more than doubled since August, from $980 million to an estimated $2 billion.

Haslam’s father, Jim Haslam II, started Pilot Oil Co. in 1958. Under the leadership of Bill Haslam’s brother, Jimmy, the company — now known as Pilot Flying J — has grown annual revenues to $38 billion. Forbes said Bill Haslam owns 15 percent of his family’s privately-held business.

“Cheap unleaded means more people filling up — and a greater chance for gas stations and truck stops to profit off fuel, plus ancillary goods and services,” Forbes said in a story written by reporter Dan Alexander.