T Boone Pickens Net Worth is$2 Billion
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Profession: Entrepreneur, Businessperson, Investor, Financier, Philanthropist
Date of Birth: May 22, 1928
Nicknames: Boone Pickens, T. Boone Pickens, Thomas Boone Pickens Jr.
Country: United States of America
T. Boone Pickens is a financier, and former corporate raider from Oklahoma, with an estimated net worth of $2 billion dollars. Though T. Boone Pickens amassed his fortune through the acquisition and resale of oil companies, he has recently become an outspoken advocate for the use of alternative energy sources. He is also the chair of BP Capital Management, a hedge fund.
Thomas Boone Pickens, Jr. (born May 22, 1928), known as T. Boone Pickens, is an American business magnate and financier. Pickens chairs the hedge fund BP Capital Management. He was a well-known takeover operator and corporate raider during the 1980s. With an estimated current[update] net worth of about $1.4 billion, he is ranked by Forbes as the 328th-richest person in America and ranked 879th in the world.
Pickens was born in Holdenville, Oklahoma. His father worked as an oil and mineral landman (rights leaser). During World War II, his mother ran the local Office of Price Administration, rationing gasoline and other goods in three counties. Pickens was the first child born via Caesarean section in the history of Holdenville hospital.
At age 12, Pickens delivered newspapers. He quickly expanded his paper route from 28 papers to 156. Pickens later cited his boyhood job as an early introduction to "expanding quickly by acquisition," a business practice he favored later in life.
When the oil boom in Oklahoma ended in the late 1930s, Pickens' family moved to Amarillo, Texas. Pickens never served in the military but instead attended Texas A&M on a basketball scholarship, but he lost the scholarship and transferred to Oklahoma A&M (now Oklahoma State University), where he majored in Geology. He is a member of the Sigma Alpha Epsilon Fraternity. He graduated from Oklahoma A&M with a degree in geology in 1951. Following his graduation, Pickens was employed by Phillips Petroleum. He worked for Phillips until 1954. In 1956, following his period as a wildcatter, he founded the company that would later become Mesa Petroleum.
By 1981, Mesa had grown into one of the largest independent oil companies in the world. Pickens led Mesa's first major acquisition, a takeover of the Hugoton Production Company, which was 30 times the size of Mesa. He then shifted his focus to acquiring other oil and gas companies by making solicited and unsolicited buyout bids and other merger

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T Boone Pickens Latest News

Rich and Famous: T. Boone Pickens, George Strait, Tucker Carlson, Deion Sanders make real estate plays

One of the best ways to monitor the state of local economies is to follow residential home sales. Given that keeping an eye on local markets is the business of The Business Journals, we take particular note when it's a veritable Who's Who of industry ...
Posted: December 12, 2017, 9:25 am

Oil tycoon T. Boone Pickens puts his massive ranch on the market for $250 million

The enormous Mesa Vista Ranch includes an an airport, tennis court, chapel, lake house and pub, to name a few. Take a look through to explore the property.
Posted: November 30, 2017, 10:00 am

Inside £200m Texas mega-ranch complete with its own airport, wedding chapel, 20 lakes and meat factory

It’s owned by business magnate T. Boone Pickens, and has just hit the market for a staggering £200 million. The property also includes a building for storing firearms, a meat-processing centre, and man-made waterfalls and creeks. The 65,000-acre ...
Posted: December 14, 2017, 1:59 am
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