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.

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Clayton Riddell Latest News

Oil magnate Clayton Riddell, founder of Paramount Resources and co-owner of the Calgary Flames, dies at 81

CALGARY — Clay Riddell, billionaire businessman and co-owner of the Calgary Flames, has died. He was 81. The Flames confirmed his death in a statement on Sunday. “We mourn the passing of a great man o...
Posted: September 17, 2018, 4:01 am

Flames co-owner, philanthropist Clayton Riddell dead at 81

Clayton Riddell, one of the owners of the NHL’s Calgary Flames and a philanthropic mainstay, has died. The 81-year-old businessman, who was the founder and chairman of Paramount Resources, died Saturd...
Posted: September 16, 2018, 7:50 pm

TMX Group Statement on the Passing of Clayton Riddell

TORONTO , Sept. 17, 2018 /CNW/ - TMX Group today offers its sincere condolences on the passing of Paramount Resources founder and Chairman Clayton Riddell . Lou Eccleston , TMX Group Chief Executive O...
Posted: September 16, 2018, 5:00 pm
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