Business Career
Pauley made his fortune running oil companies from the mid-1920s onward. He founded The Petrol Corp. in 1923. Pauley was president of Fortuna Petroleum by 1933. In 1947 he bought Coconut Island in Hawaii, as a private retreat. Several of his deals involved Zapata Corporation, run by George H. W. Bush, including a joint-venture with Pemargo in 1960. In 1958 he founded Pauley Petroleum which, with Howard Hughes, expanded oil production in the Gulf of Mexico.
Later Pauley also became a part owner of the Los Angeles Rams football team and a director of Western Airlines.
Read more about this topic: Edwin W. Pauley
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