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What’s a billion, anyway?

Gazette staff March 13th, 2013

Aubrey McClendon, soon-to-be-outgoing CEO of Chesapeake Energy, is no longer one of the wealthiest people on the planet. Rest easy, however; he’s still very, very, very rich — just not in the billionaire stratosphere. At least that’s according to the latest Forbes list of human beings with the most moolah in the entire universe.

Credit: Brad Gregg

The mag noted McClendon had leveraged against his personally held oil and gas interests and has “mounds of debt.”

But don’t get out your tiny violin just yet. McClendon will leave Chesapeake April 1 with a severance package worth about $47 million. Although he’s no longer a billionaire (wiping tears away), he still won’t have to sweat out whether he pays the electric bill or water bill first.

If it’s any consolation, McClendon still has part ownership of the Oklahoma City Thunder and consequently remains a season ticket holder. Surely that helps take his mind off the life-altering dilemma of being a mega-millionaire instead of a billionaire.

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