Richard Kinder made $1.5B this morning after consolidating pipeline empire

|About: Kinder Morgan, Inc. (KMI)|By:, SA News Editor

Not a bad way to start one's week: Rich Kinder made $1.5B this morning from the mega-deal that will streamline all the publicly traded Kinder Morgan entities into one company.

The stocks - Kinder Morgan (KMI +8.1%), Kinder Morgan Partners (KMP +16.5%), Kinder Morgan Management (KMR +22.9%) and El Paso Pipeline Partners (EPB +20.1%) - are all sharply higher, as the general view is that investors like the streamlined structure and that the company will now have a lower cost of capital.

Kinder is the largest KMI shareholder with 243.1M shares, a ~24% stake.