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New Supercycle Makes Energy Billionaires Richer Globally

  • Oil and gas tycoons add $51 billion in first quarter
  • JPMorgan is among banks talking about new supercycle
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Photographer: Daniel Acker/Bloomberg

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Back in October, Harold Hamm predicted a win by Joe Biden in the U.S. election would “strangle and starve oil and gas.” Instead, he’s made a killing.

With shares of his Continental Resources Inc. more than doubling in the past six months, Hamm’s personal fortune has jumped this year by $3.3 billion to $8.4 billion, according to the Bloomberg Billionaires Index.