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11 billion in debt since 2002 to accumulate assets. The buying spree makes Chesapeake the third-largest pure fuel producer in the US McClendon's fortune will lose a huge dent if pure gasoline falls or if Chesapeake's stock price declines. So is McClendon being foolhardy? Not essentially. He is simply considering differently from a mean person with an average bank account. Taking huge risks to attain larger rewards is more essential to the wealthy than the non-wealthy, according to Russ Alan Prince, president of market research agency Prince & Associates. In researching for his quickly-to-be released ebook The Center-Class Millionaire, Prince requested both middle-class people and millionaires if selecting projects with better danger and larger potential reward is very important in achieving monetary success. A 3rd of those polled from the center-class stated it was, in comparison with more than half the millionaires. McClendon has the opportunity to hit the jackpot. 77 per share, an 86 per cent premium on Chesapeake's Tuesday closing value.
