If there’s one thing absolutely nobody can deny, it’s that money changes how you operate in either the best or the worst ways imaginable depending upon your own hobbies, needs, and desires. This much is actually evident in Netflix’s ‘Anna Nicole Smith: You Don’t Know Me’ too; but if we’re being honest, the one individual to have intrigued us the most from her tale was Pierce Marshall. So now, if you simply wish to learn more about him — with a specific focus on his background, his career, his experiences, as well as his ultimate fate — we’ve got the necessary details for you.
Who Was Pierce Marshall?
Born on January 12, 1939, as the youngest of two sons to Eleanor Pierce and James Howard Marshall II, Everett Pierce honestly led a rather extraordinary life thanks to sheer luck and hard work. It was obviously initially his ambitious father’s, but it evolved into his own once he graduated from the private Pomona College in local Claremont, California, with an undergraduate degree in 1961. After all, he subsequently got to kickstart his career at General Motors as an Engine Test Engineer, only to find himself on a US Navy deployment a short while later before returning to corporate.
Pierce actually worked at the Loeb, Rhoades, & Co. Wall Street brokerage following his active service but then relocated to Houston to work under his thriving entrepreneurial father in early 1969. The truth is his labor gradually earned him quite a notable percentage of the Koch Industries conglomerate the latter had established, driving him to begin finding his own specialty path as well. Ultimately, while billionaire J. Howard maintained his standing as an academic, a businessman, and a government official; his younger son managed to make a name for himself as an “Oilman.”
According to reports, Pierce proudly served as the Finance Vice President of International Oil & Gas Corporation from 1979 to 1981, prior to jumping right back into the world of stock brokerage in 1983. Then, around three years later, he became the President of an iron foundry in Colorado named Electron Corporation, just to lead it to a successful turnaround and save over 300 jobs in mere years. However, he decided to delegate a majority of his responsibilities to focus on Marshall Petroleum alone once his father’s health began to deteriorate in the 1990s, which he allegedly took advantage of.
That’s because while several reports suggest Pierce was named the sole beneficiary of J. Howard’s estate in his final will, the documentary implied he worked behind the scenes to make it happen. Though whatever the case may be, it led to him being sued by not only his elderly father’s young widow Anna Nicole Smith but also his elder brother J. Howard Marshall III for a share in this fortune. In the end, after refusing to settle because he believed he was fighting to honor his father’s true last requests, the court ruled neither his brother nor his stepmother had any right to the estate.
How Did Pierce Marshall Die?
Despite the fact Everett Pierce Marshall was heir to billions of dollars, he never really got to enjoy them as he spent the last decade of his life embroiled in brutal, drawn-out lawsuits filed by “family.” So, when he sadly passed away at the age of 67 on June 20, 2006, from a septic shock brought on by a blend of Staphylococcus and Streptococcus drug-resistant infections, everything passed on. Whether it be his civil suits, his inheritance, or his 16% shares in Koch Industries, it all went down to his loving wife, Elaine Tettemer Marshall, as well as their two sons, Everett Pierce Marshall Jr. and Preston Marshall.
Read More: Did Anna Nicole Smith’s Daughter Dannielynn Inherit Any Money?