Clayton Riddell Net Worth is$3.1 Billion
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Profession: Geologist
Country: Canada
Clayton Riddell net worth: Clayton Riddell is the founder, president and CEO of Calgary, Alberta based Paramount Resources who has a net worth of $3.1 billion. Having graduated with a Bachelor of Science (Honors) in Geology from the University of Manitoba, Riddell started his career as a geologist with Chevron in 1959. After ten years, Clayton aka "Clay" left Chevron to start his own business, C.H. Riddell Geological Consultants Ltd. Then in 1974, Clay established his private firm Paramount Oil & Gas Ltd. Four years later, he decided to incorporate Paramount Resources Ltd., plus he sold 40% of the company to the public in an IPO, raising $5 million. Even though he has stakes in more than five Canadian energy companies, his major investment is still Paramount Resources, which assumed total control of ProspEx Resources in April 2011. Also, Riddell owns a partial stake in the Calgary Flames, as well as high-end Calgary restaurant Catch. Among other things, Clay was named president of the Canadian Society of Petroleum Geologists and chair of the Canadian Association of Petroleum Producers.
Clayton (Clay) H. Riddell, OC (born 1936 or 1937) is the founder, president and CEO of Calgary, Alberta based Paramount Resources. He graduated with a Bachelor of Science (Honours) in Geology from the University of Manitoba. He also is part owner of the Calgary Flames and high-end Calgary restaurant Catch. With an estimated net worth of $US 2.5 billion (as of March 2011), Riddell was ranked by Forbes as the 12th wealthiest Canadian and 459th in the world.
Riddell was a president of the Canadian Society of Petroleum Geologists and Chair of the Canadian Association of Petroleum Producers.
The Clayton H. Riddell Faculty of Environment, Earth, and Resources at the University of Manitoba is named in honour. Riddell donated $10-million in order to create an endowment fund for the faculty. The faculty combines the Department of Environment and Geography, the Department of Geological Sciences and the Natural Resources Institute.
In 2008, he was made an Officer of the Order of Canada. In May 2010, Carleton University announced the creation of Canada's first graduate program in political management, made possible by Riddell's donation. Riddell made the largest donation in Carleton's history, making the creation of the program possible.
Also owns Perpetual Energy Inc, Trilogy Energy Trust, and MGM energy.

Clayton Riddell Latest News

Former Calgary police chief leads Games group

A representative of Calgary Sport and Entertainment, owner of the NHL's Flames and CFL's Stampeders, is not on the committee, although the daughter of Flames co-owner Clayton Riddell is. The Flames want a new arena and football stadium whether Calgary bids ...
Posted: September 19, 2016, 3:27 pm

Paramount to sell some Deep Basin assets to Seven Generations for $1.9 billion

Paramount said billionaire Calgary oilman Clayton Riddell, who holds about 37 per cent of the company’s outstanding shares, has agreed to favour the transaction. The assets, which are located in the Musreau/Kakwa area, had estimated sales volumes of ...
Posted: July 7, 2016, 2:09 am

Crews cutting through bush to reach site of northwest Alberta pipeline leak

and company crews and related response teams were assessing the impact of the leak and starting cleanup. The firm is controlled by Calgary Flames co-owner Clayton Riddell. Fox Creek is about 260 km northwest of Edmonton.
Posted: October 10, 2016, 2:26 am
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