Pursuits
Billionaire Kinder's Pipeline Giant Drops Under Junk Threat
- Moody's lowered outlook to negative after debt-bloating deal
- Chairman Rich Kinder added half million shares to his holdings
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Billionaire Rich Kinder owned about 11 percent of Kinder Morgan Inc. valued at more than $10 billion in June when he stepped down as chief executive of the company he co-founded.
Now his stake is worth about $5 billion less, and the company that has his name on the door has become the worst-performing pipeline stock in the S&P 500.