Peyton Yates net worth: Peyton Yates is an American businessman who has a net worth of $760 million dollars. Currently based in New Mexico, Peyton Yates earned his Bachelor's of Science degree in Petroleum Engineering, and went on to earn a Master's Degree from Cockrell School of Engineering, also in Petroleum Engineering. He then spent two years serving in the Army in Vietnam. After returning to the United States, he began working for Chevron Oil Company as a petroleum engineer. He joined the family business, the Yates Companies, in the early 70s. He went on to become President of Yates Drilling Company and the Executive Vice President of Yates Petroleum Corporation. He is the richest individual in New Mexico. In addition to his work with Yates, he also serves on the boards of multiple banks, colleges, and energy coalitions. He is also the Chairman of the Management Committee of Artesia MainStreet.