Paul L. Foster

Who is Paul L. Foster?

Paul L. Foster is an American businessman who is Chief Executive Officer and chairman of the board of Western Refining, an oil refiner and marketer based in El Paso, Texas. In 2007, he appeared on the Forbes 400 list of wealthiest Americans, ranking 261st with a net worth estimated at $1.9 billion. As of 2014, Forbes lists his net worth as $1 billion. He is Chairman of the Board of Regents of the University of Texas System.

In 2007, Foster donated $50 million to help create the Paul L. Foster School of Medicine at Texas Tech University Health Sciences Center in El Paso.

In 2013 Foster donated $35 million to his alma mater, Baylor University, the majority of which was to be used to construct new $100 million, 275,000 square foot business school facilities, which will be named the Paul L. Foster Campus for Business and Innovation. Part of the gift was also earmarked for the $260 million McLane Stadium project. He also gave Baylor $3 million in 2006 to build the Paul L. Foster Success Center, a clearinghouse where students can receive academic and career help.

In November 2007, Foster was appointed to the Board of Regents of the University of Texas System by Governor Rick Perry.