Rich get richer. High gas prices help Dallas Cowboys owner Jerry Jones earn billions


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FORT WORTH STAR-TELEGRAM

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The pain at the pump for most of us has been a pleasure for Jerry Jones .

The Dallas Cowboys owner has seen his stake in Comstock Resources Inc. more than double in worth to $2.6 billion from his $1.1 billion investment in the company in 2018, according to the Wall Street Journal.

Jones also saw a surge in profits when a massive winter storm in February 2021 shut down power in much of Texas.

Frisco-based Comstock Resources has seen a massive surge in its stock price since Russia invaded Ukraine in late February and caused a worldwide oil and gas crisis. The company’s shares are up 81% since then. For every $1 the stock goes up or down, Jones’s 66% stake, a mix of common and convertible preferred shares, adds or loses about $182 million, according to the WSJ.

Jones bought a controlling stake in…

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19 shares, 94 points

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