George Kaiser Net Worth
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $14 billion | N/A | July 1942 | Tulsa, Oklahoma | Male | N/A | Businessman | American |
What is George Kaiser’s Net Worth?
George Kaiser, an American businessman, has a staggering net worth of $14 billion. He accumulated his wealth through his position as the President and CEO of Kaiser-Francis Oil, an oil company headquartered in Tulsa, Oklahoma.
Highlights
– George Kaiser has a net worth estimated at $14 billion.
– He is the President and CEO of Kaiser-Francis Oil, an oil company based in Tulsa, Oklahoma.
– He purchased Bank of Oklahoma in 1990 and expanded it across nine states.
– George Kaiser owns the NBA’s Oklahoma City Thunder and the NBA Development League’s Tulsa 66ers.
– He is actively involved in philanthropy and fights childhood poverty through the George Kaiser Family Foundation.
Early Life
George B. Kaiser was born in July 1942 and grew up in Tulsa, Oklahoma. He attended Harvard College, where he earned a degree in 1964. He later obtained an MBA from Harvard Business School in 1966.
Career
After completing his education, Kaiser joined his father’s company, Kaiser-Francis Oil Company. In 1969, he took control of the company and eventually became the President and CEO. Under his leadership, Kaiser-Francis Oil thrived and contributed significantly to his net worth.
In 1990, George Kaiser purchased the Bank of Oklahoma (BOK) out of Federal Deposit Insurance Corporation receivership. He subsequently expanded the bank’s operations into nine states. Additionally, in April 2014, he acquired an interest in The Professional Basketball Club LLC, which owns the NBA’s Oklahoma City Thunder and the NBA Development League’s Tulsa 66ers.
Besides his business ventures, George Kaiser is actively involved in philanthropic efforts. He established the George Kaiser Family Foundation to combat childhood poverty and also founded the National Energy Policy Institute.
Personal Life
George Kaiser has three children from a previous marriage and is currently married to Myra Block. He has been listed as one of the top American philanthropists by BusinessWeek.
Net Worth Over Time
George Kaiser’s net worth has significantly grown over the years. With a current net worth of $14 billion, he has cemented his position among the wealthiest individuals in the world.
Components of Net Worth
George Kaiser’s net worth comprises various assets and investments. As the sole owner of Kaiser-Francis Oil, he holds considerable wealth in the oil industry. He also owns Argonaut Capital, a company with a for-profit division that manages assets worth $3.5 billion and invests in sectors including laser printing and clean energy.
Kaiser’s ownership extends to $100 million Excelerate Energy and 61 percent of BOK Financial, further adding to his overall net worth.
In conclusion, George Kaiser’s net worth of $14 billion is a result of his successful career in the oil industry, ownership of various companies, and strategic investments. He remains an influential figure in both business and philanthropy, making a significant impact on his community and the world.