T. Boone Pickens Net Worth: T. Boone Pickens is an American business magnate and financier who has a net worth of $950 million. 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. Born Thomas Boone Pickens, Jr. on May 22, 1928, in Holdenville, Oklahoma, US, he chairs the hedge fund BP Capital Management. Once a boy who expanded his paper delivery route from 28 to 156 deliveries, now he is old wise man known for acquiring and expanding businesses. The late 1930s saw the Pickens family move from Oklahoma to Amarillo, Texas. It was in 1951 that T. Boone graduated with a degree in geology and soon got a job at Philips Petroleum. Three years he left the company to work with exploratory well digging, and he founded Mesa Petroleum in 1956. Under Pickens' watchful eye, Mesa grew quickly and eventually became one of the largest independent oil companies in the world. Meanwhile, he acquired other mostly bigger companies like Hugoton Production Company, Gulf Oil, Philips Petroleum, and Diamond Shamrock, becoming well known for his ruthless attempts at acquiring new companies. In 1989, he moved to Dallas where he set up BP Captial Management eight years later. Pickens established another company called the Pickens Fuel Corp. in 1997 in order to promote the use of natural gas for automobiles. The company was renamed Clean Energy in 2001, and six years later, Pickens first started warning the public against high oil prices. In June 2007, he started promoting the world's largest wind farm that would produce up to four gigawatts of electricity. Only one year later, he came up with a bigger proposal, The Pickens Plan, meant to reinvent US energy resources by promoting oil-alternatives such as natural gas, wind power, and solar energy. In the course of his career, Pickens has been generous contributor to various charities and Universities including Oklahoma State University, The University of Texas, as well as relief efforts for Hurricane Katrina, and various other programs supporting the well-being of families, children, teenagers and animals.
T. Boone Pickens
Thomas Boone Pickens, Jr., 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 net worth of about...
Date of Birth
- May 22, 1928
- Boone Pickens
- T. Boone Pickens
- Thomas Boone Pickens Jr.
- Jr. Thomas Boone Pickens
- United States of America
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- United States of America
- The First Billion Is the Hardest: Reflections on a Life of Comebacks and America's Energy Future
- The luckiest guy in the world
T. Boone Pickens Videos
T. Boone Pickens InterviewOil magnate T. Boone Pickens shares his views on energy independence and oil alternatives like wind power and natural gas.
T. Boone Pickens on US Energy IndependenceThe "Oracle of Oil," T. Boone Pickens warns that America needs to produce more of its own gas and oil now, and focus for the future on renewable en...