Joe Craft, born and raised in the small town of McDuffie, Ohio, always had a knack for business. After graduating high school, he started his career at a local coal mine, working his way up from an entry-level position to become a mine manager. It was here that Craft honed his leadership skills and developed a deep understanding of the coal industry.

In the late 1980s, Craft saw an opportunity to break away from traditional coal mining methods. With a loan from his father and a partner, he started Alliance Coal, a company focused on modernizing coal mining techniques and prioritizing safety. His innovative approach and dedication to his workforce quickly gained attention, and within a decade, Alliance Coal became one of the largest coal producers in the United States, making Joe Craft a prominent figure in the industry.

Joe Craft’s Current Net Worth

As of 2025, Joe Craft’s current net worth is estimated to be around $8.5 billion, according to the latest available information.

Joe Craft’s Career

Joe Craft, born in 1959, is an American businessman and philanthropist. He co-founded Alliance Resource Partners in 1997, serving as its CEO and Chairman until 2019. Craft is known for his expertise in the coal mining industry, having played a significant role in the company’s growth and success.

Other Ventures

In addition to Alliance Resource Partners, Craft has invested in various other businesses. He is a co-owner of the NFL’s Cleveland Browns and has interests in real estate and other industries. Craft is also known for his philanthropic efforts, having established the Joe W. Craft Foundation, which supports education, health, and community initiatives in Appalachia.

Assets

Joe Craft’s assets include a significant stake in Alliance Resource Partners, real estate holdings, and investments in various other businesses. He also owns a luxury home in Lexington, Kentucky, and has interests in several other properties across the United States.

Annual Income

Joe Craft’s annual income varies year to year. As of 2019, his total compensation from Alliance Resource Partners was approximately $1.5 million, which includes his salary, bonus, and other forms of compensation. However, this figure may not reflect his total annual income, as he has other business ventures and investments.

Frequently Asked Questions about  Joe Craft

**Frequently Asked Questions: Joe Craft Net Worth**

1. What is Joe Craft’s net worth?

Joe Craft’s net worth is estimated to be around $1.2 billion.

2. How did Joe Craft make his fortune?

Joe Craft made his fortune through his career in the coal industry. He served as the CEO of Alliance Resource Partners, LP, a coal producer, from 2002 until his retirement in 2020.

3. What is Joe Craft’s background?

Joe Craft was born and raised in Kentucky. He graduated from the University of Kentucky with a degree in mining engineering and later earned an MBA from the University of Chicago.

4. What is Joe Craft’s role in the coal industry?

Joe Craft has been a prominent figure in the coal industry for decades. He served as the CEO of Alliance Resource Partners, LP, one of the largest coal producers in the U.S., for 18 years.

5. What are some of Joe Craft’s philanthropic efforts?

Joe Craft and his wife, Lisa, have been active in philanthropy, particularly in the areas of education and healthcare. They have made significant donations to the University of Kentucky and other charitable organizations.

6. What is Joe Craft’s political affiliation?

Joe Craft is a Republican. He has been a significant donor to Republican political campaigns and causes.

7. What is Joe Craft’s stance on climate change?

As a coal industry executive, Joe Craft has been critical of regulations aimed at reducing greenhouse gas emissions from coal-fired power plants. However, he has also acknowledged the need for a transition to cleaner energy sources.

8. What are some of Joe Craft’s awards and recognitions?

Joe Craft has received several awards and recognitions, including being named “Coal Man of the Year” by the Kentucky Coal Association and being inducted into the Kentucky Coal Mining Hall of Fame.

9. What is Joe Craft’s involvement in the Trump administration?

Joe Craft served as the U.S. Ambassador to the United Arab Emirates under the Trump administration from 2017 to 2021.

10. What are Joe Craft’s hobbies and interests outside of business?

Joe Craft is an avid hunter and fisherman. He also enjoys golfing and spending time with his family.