Joe Craft | $1B+
Get in touch with Joe Craft | Joseph Craft III, president and CEO of Alliance Resource Partners, is one of the most prominent figures in the American coal industry, overseeing one of the nation’s largest and most efficient coal producers. Since taking leadership in the late 1990s, Craft has expanded Alliance through disciplined capital allocation, long-term supply contracts, and a focus on low-cost, high-productivity mining operations across the Midwest and Appalachia. Beyond energy, he is an influential political and philanthropic figure, supporting education, economic development, and university programs throughout Kentucky and Oklahoma. Craft’s combination of operational expertise and strategic influence has made him a defining leader in U.S. energy and regional industry.
Joseph W. Craft III (born 1950) is an American businessman and coal industry executive serving as president, chief executive officer, and chairman of the board of directors of Alliance Resource Partners, L.P. (ARLP), a diversified natural resources company and one of the largest coal producers in the eastern United States.[1][2]
Craft began his career as a lawyer after graduating from the University of Kentucky College of Law, joining MAPCO Inc. in 1980 as assistant general counsel and rising to president of its coal subsidiary before leading a management buyout in 1999 to establish ARLP.[3][2] Under his leadership, ARLP has grown into a publicly traded master limited partnership, emphasizing operational efficiency and safety in coal mining operations across multiple states.[1][4] His business achievements include recognition as a finalist for Ernst & Young Entrepreneur of the Year and induction into halls of fame for contributions to mining and entrepreneurship.[4][5]
Craft is a prominent philanthropist, having signed the Giving Pledge with his wife, Kelly Knight Craft, committing to donate the majority of their wealth, and channeling funds through the Joseph W. Craft III Foundation to support education, health, and community initiatives, including substantial gifts to the University of Kentucky.[6][7] Politically active, he has donated millions to Republican causes and candidates, advocating for policies supportive of the coal industry amid regulatory challenges.[8][9]
Early Life and Education
Upbringing in Coal Country
Joseph W. Craft III was born in 1950 in Hazard, Kentucky, a town in Perry County situated in the heart of Appalachian coal country.[6][10] His family had deep roots in the region, with his grandfather, Joseph Craft, serving as mayor of Hazard in the 1920s, and his father, Joe Craft Jr., working as a lawyer in a firm that represented coal interests during an era of industry challenges.[11] Hazard exemplified the economic hardships of eastern Kentucky's coal-dependent communities, marked by poverty and reliance on mining for livelihoods, though the sector faced slumps in the mid-20th century that limited opportunities.[6][12]
Growing up amid these conditions instilled in Craft an early awareness of coal's central role in local culture and economy, as politicians frequently visited the area to address residents' struggles.[6][3] The industry's downturn during his youth, exacerbated by market and regulatory pressures, contrasted with later revivals under policies like those of President Lyndon B. Johnson, shaping a formative environment where resource extraction was both a source of hardship and potential prosperity.[12] Craft's upbringing in this context, within a legal family tied to mining clients, provided indirect exposure to the sector's dynamics before his own professional entry.[10][11]
Academic and Legal Training
Joseph W. Craft III earned a Bachelor of Science degree in accounting from the University of Kentucky.[1] He subsequently obtained a Juris Doctor degree from the University of Kentucky College of Law.[13] These credentials provided foundational training in business principles and legal expertise relevant to his subsequent roles in the energy sector, where early positions involved contractual and regulatory matters.[1] Craft also completed the Senior Executive Program at the Massachusetts Institute of Technology's Alfred P. Sloan School of Management, enhancing his strategic management skills beyond formal academic degrees.[1]
Business Career
Initial Roles in Energy Sector
Joseph W. Craft III entered the energy sector in 1980 by joining MAPCO Inc., a Tulsa, Oklahoma-based company originally focused on natural gas pipelines that had diversified into coal production and other energy activities.[3] He began his tenure there as assistant general counsel, leveraging his legal training from the University of Kentucky College of Law to handle regulatory and operational matters in the company's expanding operations.[3][14]
Over the next several years, Craft advanced through senior positions at MAPCO, including roles as general counsel and chief financial officer, contributing to the management of its coal subsidiaries that operated mines in Kentucky, Illinois, and other Appalachian and Midwestern states.[8] In 1986, he was appointed president of MAPCO Coal Inc., overseeing the subsidiary's production and strategic direction during a period of industry consolidation and regulatory challenges in the coal market.[1][3] Under his leadership, MAPCO Coal maintained output from multiple underground mining complexes, focusing on thermal coal for utility customers amid fluctuating energy demands.[15]
Craft held the presidency of MAPCO Coal for a decade, during which the segment produced millions of tons annually while navigating competition from alternative fuels and environmental regulations.[2] This role solidified his expertise in coal operations and positioned him for the 1996 management buyout of MAPCO's coal assets, which laid the foundation for his subsequent independent ventures.[1][15]
Leadership at Alliance Resource Partners
Joseph W. Craft III assumed the role of President and Chief Executive Officer of Alliance Resource Partners, L.P. (ARLP) in August 1999, while also serving as a director; he was appointed Chairman of the Board on January 1, 2019.[1] Prior to these positions, Craft led the 1996 acquisition of MAPCO Coal Inc.'s Alliance coal operations by the Beacon Group, forming a management-led partnership that evolved into ARLP following its public listing as a master limited partnership in 1999—the first such structure in the coal sector.[3] [1] [16] This buyout followed Craft's decade-long tenure as president of MAPCO's coal division, where he gained operational expertise in eastern U.S. mining.[2]
Under Craft's leadership, ARLP grew from a regional coal operator into a diversified natural resource company headquartered in Tulsa, Oklahoma, with primary operations in Appalachia and the Illinois Basin, producing thermal and metallurgical coal for utility, industrial, and export markets.[1] The firm expanded its reserve base and production capacity through strategic acquisitions and development, maintaining consistent dividend distributions to unitholders amid cyclical industry conditions.[17] In recognition of sustained performance, ARLP ranked 14th among the hottest growth companies in the United States per BusinessWeek in June 2007, the fifth consecutive year on the list.[15] Additionally, during a 10-year period under Craft, ARLP achieved a Standard & Poor's ranking of 39th out of 10,000 companies for total investor return.
Craft's strategic emphasis on operational efficiency, safety, and financial discipline positioned ARLP as one of the lowest-cost producers in the eastern coal market, enabling resilience against regulatory pressures and market volatility.[1] As of 2025, he continues to guide the company, overseeing diversification into oil and gas royalties while upholding coal as a core asset for baseload energy reliability.[1][18]
Strategic Growth and Industry Resilience
Under Joseph W. Craft III's leadership as president and CEO since the 1996 acquisition of the core coal business from MAPCO Coal Inc., Alliance Resource Partners, L.P. (ARLP) pursued strategic expansions through mine developments and reserve acquisitions, growing from initial operations to managing ten underground mining complexes across the Illinois Basin, Appalachia, and other regions by the 2010s.[16] Key initiatives included the expansion of the Pattiki and Dotiki mines, the acquisition and development of Warrior Coal reserves, and the opening of the River View mine in Kentucky in 2009, which collectively boosted production capacity to approximately 38.8 million tons annually by 2013, positioning ARLP as the third-largest coal producer in the eastern United States.[16][13]
To enhance long-term viability amid fluctuating thermal coal demand, Craft directed diversification into higher-margin segments, including metallurgical coal for steel production and, more recently, oil and natural gas assets. In 2023 and 2024, ARLP achieved record annual revenues and net income, driven by strong metallurgical coal sales and operational efficiencies, with Craft attributing results to disciplined cost management and market adaptability.[19] This resilience was evidenced by sustained quarterly cash distributions, such as $0.60 per unit declared in Q2 2025 despite a year-over-year revenue decline to $651.9 million, reflecting the company's ability to navigate regulatory pressures and competition from natural gas through low-cost production averaging under $25 per ton in key operations.[20][21]
Further demonstrating proactive adaptation, ARLP under Craft expanded into the Permian Basin with targeted acquisitions totaling $10.5 million in Q3 2024, including the Belvedere, Jase, and JC Resources properties, to secure undeveloped acreage for potential oil and gas development amid coal sector contraction.[22][23] In parallel, the company leveraged excess power from its coal-fired facilities to enter bitcoin mining and data center operations, constructing dedicated infrastructure to monetize surplus energy and offset declining traditional coal revenues, a pivot Craft described as aligning with evolving energy demands while preserving jobs in coal-dependent communities.[24][25] This multi-faceted approach has sustained ARLP's financial stability, with Craft emphasizing replacement of approximately 15,000 lost coal jobs through new opportunities in diversified energy sectors.[26]
Political Involvement
Financial Support for Conservative Causes
Joseph W. Craft III, as president and CEO of Alliance Resource Partners, L.P., has directed substantial financial resources toward Republican candidates and organizations aligned with conservative priorities, particularly those advocating for fossil fuel interests and limited government regulation. Between 2010 and 2020, Craft and entities associated with Alliance Coal contributed approximately $24 million to federal candidates and political action committees (PACs), with the majority supporting Republicans favorable to the coal industry.[27]
In the 2012 election cycle, Craft emerged as a key financier for Republican efforts, donating $1.25 million to American Crossroads, a super PAC that backed conservative candidates opposing Barack Obama's reelection. He also served as a finance co-chair for Mitt Romney's presidential campaign in Kentucky, leveraging his network to mobilize coal industry support. These contributions reflected Craft's emphasis on policies preserving domestic energy production amid regulatory pressures from the Obama administration.[8][28]
Craft's giving extended to individual Republican senators and representatives defending coal-dependent regions, including $2,600 to Tom Cotton (R-AR) in 2013 and $1,000 to Randy E. Smith (R-WV) in 2015, both of whom advocated against environmental restrictions on mining. His company's PAC and personal donations prioritized incumbents in energy-producing states, underscoring a pattern of funding lawmakers who prioritize economic realism in energy policy over climate-driven mandates.[29]
More recently, Craft has supported high-profile conservative initiatives tied to national security and economic growth. In 2024, he ranked among the top donors to Elon Musk's America PAC, which promotes voter turnout for candidates endorsing reliable energy sources and deregulation, including Donald Trump. That year, Craft and his wife Kelly co-chaired the Republican National Committee's Presidential Trust, a fundraising arm targeting major contributors for the party's presidential efforts. Additionally, the Crafts hosted a Trump campaign fundraiser in Lexington, Kentucky, on May 15, 2024, attracting donors aligned with pro-business conservatism.[30][31][32]
While Craft's donations occasionally included nominal amounts to Democrats, such as $1,000 to Fitz Steele (D-KY) in an earlier cycle, the overwhelming focus remains on Republican and conservative vehicles, consistent with his advocacy for market-driven energy policies.[33]
Advocacy for Reliable Energy Policies
Joe Craft has publicly emphasized the need for energy policies that prioritize baseload fossil fuels, particularly coal, to ensure grid reliability and national energy security. He argues that coal provides dispatchable, low-cost power essential for economic prosperity and independence, warning that premature retirement of coal plants risks blackouts and higher costs. In a January 12, 2021, speech at the West Virginia Coal Association's Mining Symposium, Craft stated, "The importance of energy independence cannot be overstated," attributing U.S. wealth to "low-cost energy from baseload generation" like coal, while criticizing initiatives such as the Green New Deal for threatening these foundations.[34]
Craft contrasts coal's reliability with the intermittency of renewables, advocating for a balanced energy mix that maintains fossil fuels as a backbone against supply disruptions. On April 1, 2022, during a CNBC interview, he explained that the U.S. should "depend on coal" to sustain consistent energy production amid global demand fluctuations and domestic policy shifts.[35] This stance aligns with his company's positioning of coal as a provider of "reliable, affordable, baseload energy" for markets facing rising needs.[1]
In response to surging electricity demands from data centers and AI infrastructure, Craft has called for government support of fossil fuels to meet baseload requirements without compromising affordability or security. During Alliance Resource Partners' Q2 2024 earnings call on July 29, 2024, he highlighted the "baseload reliable energy supply" needed for existing and planned data centers, noting policy tailwinds under administrations favoring fossil fuel expansion.[36] He has also backed state-level efforts, such as Kentucky legislation in 2024, to extend coal plant operations amid concerns over grid instability from closures, where coal still generated 68% of the state's electricity in 2023.[37][38]
Responses to Regulatory and Environmental Opposition
Alliance Resource Partners, under Craft's leadership, has consistently advocated against federal environmental regulations perceived as detrimental to coal production and grid stability. In a press release dated October 28, 2024, the company highlighted its repeated warnings regarding the effects of such regulations, stating they contribute to "the premature retirement of essential coal-fired power plants" and undermine overall energy reliability.[39] Craft echoed this in subsequent commentary, noting in July 2025 that improving prospects for domestic coal were bolstered by "the most favorable regulatory environment in years," implying prior administrations' policies had imposed undue burdens.[40]
Craft has directly engaged regulators to seek relief from compliance costs. Industry documents from 2018 reveal that Craft and coal sector representatives approached the Environmental Protection Agency (EPA) for assistance in lowering expenses tied to air and water quality standards, aiming to mitigate financial pressures from existing rules.[41] His close ties to Trump administration officials, including text communications with former EPA Administrator Scott Pruitt, facilitated influence over efforts to roll back Obama-era restrictions, such as the Clean Power Plan, which Craft's firm stood to gain from through preserved market access for coal.[42]
In response to environmental opposition beyond direct regulation, Craft has criticized investor practices prioritizing climate goals over operational merit. In 2022, he argued that environmental, social, and governance (ESG) criteria had "discriminated against a well-run coal company like ours," framing such approaches as ideologically driven barriers to efficient energy providers.[43] Alliance has also pursued legal recourse against local environmental restrictions, including a 2008 lawsuit challenging a community ordinance aimed at curbing mining activities near residential areas.[44] These actions underscore a strategy emphasizing empirical energy needs—reliable baseload power—over policies Craft views as economically disruptive without commensurate benefits.
Philanthropy and Community Impact
Major Gifts to University of Kentucky
In 2006, Craft pledged $6 million—the largest private gift to UK Athletics at the time—to support the construction of a new basketball practice facility.[45]
Craft later coordinated coal industry donors to fund the Wildcat Coal Lodge, a basketball team facility incorporating tributes to Kentucky's coal sector, with total contributions reaching $7–8 million; his personal donation for this project amounted to $4.5 million.[10][46]
In October 2016, the University of Kentucky Board of Trustees accepted gifts totaling $4.79 million from Craft, resulting in the official naming of the Joe Craft Football Training Facility, a state-of-the-art practice complex for the football program.[47][48]
In June 2019, the Joseph W. Craft III Foundation provided $3 million to the Gatton College of Business and Economics' Institute for the Study of Free Enterprise, supporting research and programming on economic principles.[49]
In September 2022, Craft and his wife Kelly donated $7.5 million to UK Athletics specifically for renovations to the Nutter Field House, aimed at improving football training and operations spaces.[50][51]
These contributions, exceeding $10 million in athletics support alone by the late 2010s, have significantly enhanced the university's infrastructure for student-athletes and academic initiatives.[52]
Broader Charitable Contributions and Economic Initiatives
Through the Joseph W. Craft III Foundation, Craft has directed substantial philanthropic resources toward educational institutions and community organizations beyond the University of Kentucky, including $7.7 million in grants to various universities and causes as reported in the foundation's tax filings up to 2017.[9] In alignment with this, Craft and his wife Kelly signed the Giving Pledge in 2013, committing the vast majority of their wealth to charitable endeavors aimed at enhancing quality of life for Kentucky and U.S. citizens, with a focus on targeted support for impactful organizations.[6]
A recurring initiative involves high-profile bids at the Kentucky Farm Bureau's annual Country Ham Breakfast and Charity Auction, where Craft and associates have secured the grand champion ham to funnel proceeds to local nonprofits; in August 2025, they partnered with Central Bank for a $10 million bid benefiting charities statewide, including $5 million allocated to the Boys & Girls Club of Glasgow-Barren County's Craft Innovation Campus for youth development programs.[53][54] Similarly, in 2024, their $10.5 million bid set a prior record, directing funds to Kentucky-based community and educational efforts.[55]
Craft's economic initiatives emphasize regional development in Appalachia, particularly through advocacy for resource-based job creation; at the 2025 SOAR Summit, he outlined strategies for expanding employment opportunities in eastern Kentucky via diversified natural resource activities under Alliance Resource Partners.[26] These efforts complement philanthropic giving by prioritizing sustainable economic resilience in coal-dependent communities, though they have intersected with business expansions like cryptocurrency mining, which received $4 million in state incentives amid debates over public subsidies.[56] Additionally, donations have supported institutions like the Craft Academy at Morehead State University, fostering STEM education to build long-term workforce capabilities in underserved areas.[53]
Personal Life and Family
Marriage to Kelly Craft
Joseph W. Craft III married Kelly Guilfoyle Knight on April 29, 2016, in a private ceremony.[57] Both had been previously married; Craft was divorced from his first wife, Kathy, with whom he has four children—J.W., Caroline, Ryan, and Kyle—while Knight, a businesswoman and former equestrian, had two daughters from her earlier marriages to David Moross and Judson Knight.[15][52]
The couple formed a blended family of six children and, as of recent accounts, twelve grandchildren.[58] Craft, a Kentucky native and University of Kentucky alumnus, and Knight, also from Kentucky, aligned through shared regional ties and mutual interests in business and philanthropy, though specific details on their meeting remain private.[59] Their union has been marked by joint public appearances and collaborative efforts, including support for educational initiatives in Kentucky.[31]
Lifestyle and Residences
Joseph W. Craft III and his wife, Kelly Craft, primarily reside in Tulsa, Oklahoma, where Alliance Resource Partners, L.P. maintains its headquarters.[3] Craft owns a mansion in Tulsa, located approximately one mile from the former residence of EPA Administrator Scott Pruitt.[60] Tulsa County Treasurer records indicate that, through a trust, Craft owns a home there valued at nearly $1.9 million as of 2023.[61]
The Crafts maintain significant ties to Kentucky, Craft's native state, including substantial philanthropic investments in education and athletics at the University of Kentucky. Craft registered to vote in Kentucky in June 2022.[61] A 2023 legal challenge questioning Kelly Craft's Kentucky residency for her gubernatorial candidacy—citing their Tulsa property as evidence of primary residence elsewhere—was dismissed by a Lexington judge in May 2023.[62]
Recognition and Controversies
Awards and Honors
In 2007, Craft was inducted into the City of Tulsa Hall of Fame for his contributions to business and economic development in the region.[63][64]
The following year, he received the Ernst & Young Entrepreneur of the Year award for the Southwest Region, recognizing his leadership in the energy sector, and advanced as a national finalist for the same honor.[63][4][64] In 2008, the University of Tulsa's Collins College of Business also named him its Outstanding Business Leader.[65]
Craft was inducted into the University of Kentucky's Hall of Distinguished Alumni on April 16, 2010, honoring his achievements as an alumnus and his role in advancing coal production and philanthropy.[2]
In 2018, he was enshrined in the Kentucky Entrepreneur Hall of Fame for building Alliance Resource Partners into a major coal producer and diversified energy firm.[5]
Craft's industry leadership earned him induction into the West Virginia University Mining and Industrial Extension's Coal Hall of Fame in 2022, acknowledging his role in sustaining coal operations amid market challenges.[4]
Debates Over Industry Influence and Environmental Claims
Craft's extensive political contributions and lobbying activities have fueled debates about undue industry sway over energy regulations. Between 2010 and 2020, Craft and Alliance Resource Partners donated roughly $24 million to federal candidates and political action committees, predominantly Republicans advocating for coal-friendly policies such as rollbacks of Obama-era restrictions on emissions.[27] These efforts included direct engagement with the Trump administration, where Craft, a major donor, pushed to reverse environmental crackdowns on coal production and use.[60] Critics from environmental organizations argue that such financial influence has delayed stringent pollution controls, exacerbating air quality issues and contributing to reliance on high-emission fuels amid declining coal viability due to market competition from natural gas and renewables.[66]
His personal ties to regulators have intensified scrutiny; Craft frequently texted former EPA Administrator Scott Pruitt and provided him with high-value gifts, including multiple pairs of courtside tickets to University of Kentucky basketball games valued at thousands of dollars each, amid Pruitt's oversight of coal-related rules.[42] Pruitt's subsequent actions, such as suspending enforcement of certain Clean Power Plan elements, aligned with coal industry priorities, prompting accusations from watchdog groups that personal relationships compromised impartiality in favoring deregulation over public health safeguards.[60] Proponents of Craft's approach, including coal-state lawmakers, counter that these engagements reflect legitimate advocacy for economic stability in regions like Appalachia, where Alliance operates mines supporting thousands of jobs despite sector-wide contractions.[9]
Environmental claims surrounding Craft's operations center on coal's emissions profile and regulatory compliance. Alliance Resource Partners maintains that its mined coal meets or exceeds Phase II Clean Air Act standards for sulfur dioxide reductions via technologies like scrubbers, with the company reporting no major shutdowns from violations in SEC disclosures.[23] Craft has publicly emphasized coal's reliability for baseload electricity, stating in April 2022 that the U.S. should increase dependence on it to address energy shortages, positioning fossil fuels as superior for grid stability compared to intermittent renewables.[67] However, environmental analysts dispute these assertions, highlighting coal's higher lifecycle carbon intensity—approximately 820-1,000 grams of CO2 per kilowatt-hour versus under 500 for natural gas— and linking sustained coal use to elevated contributions to atmospheric greenhouse gases, even with mitigation tech.[66]
Debates persist over whether industry claims of "clean coal" advancements sufficiently offset broader impacts like mountaintop removal mining effects on waterways and habitats near Alliance's Kentucky and West Virginia sites. While the firm acknowledges routine citations for permit exceedances in filings, it asserts proactive reclamation and bonding to mitigate legacy liabilities.[23] Opponents, citing peer-reviewed studies on coal's role in regional acid mine drainage and particulate pollution, argue that policy influence under leaders like Craft has hindered transitions to lower-impact alternatives, perpetuating environmental trade-offs for localized employment gains.[68] Craft's defenders highlight empirical data on coal's affordability and dispatchability in high-demand scenarios, rejecting narratives of inevitable phase-out as ideologically driven rather than market- or physics-based.
Disclaimer: This profile is based on publicly available information. No endorsement or affiliation is implied.
Join UHNWI direct Affiliate Program
Earn Passive Income by Sharing Verified Contact Information of Billionaires, Centi-Millionaires, and Multi-Millionaires on the UHNWI Direct Platform
Maximize your earnings potential by sharing direct and validated contact information of the ultra-wealthy, including billionaires, centi-millionaires, and multi-millionaires. Join the UHNWI Direct platform and tap into a lucrative passive income stream by providing valuable data to those seeking high-net-worth connections. Start earning today with UHNWI Direct.
You may also be interested in reviewing other UHNWIs profiles.
To find the person you want to contact, start typing their name or other relevant tags in the search bar.
Please note: Our database contains over 10,000 direct contacts of UHNWIs, and it is highly likely that the individual you are seeking is already included. However, creating individual profiles for each contact is a meticulous and time-intensive process, So, if you are unable to find the profile of the individual you are looking for, please click here.
Filter by Net Worth: All | Billionaires | Centi-Millionaires | Multi-Millionaires
Filter by Location: All | USA | Canada | Europe | UK | Russia & CIS | Asia | MEIA | Australia | Latin America
Filter by Age: 1920-1930 | 1930-1940 | 1940-1950 | 1950-1960 | 1960-1970 | 1970-1980 | 1980-1990 | 1990-2000
Related People
UHNWI direct
