Richard Rainwater
Investments

Richard Rainwater Net Worth

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Richard Rainwater, born on June 15, 1944 in the United States, was a legendary dealmaker who passed away in September 2015 at the age of 71. He had been battling a rare neurodegenerative disease, progressive supranuclear palsy, for six years. His Rainwater Charitable Foundation had spent more than $50 million to bring together top researchers into the Tau Consortium, which is researching the protein that causes the disease and is also a factor in Alzheimer's. Rainwater began his career at 26 managing assets for the Bass family of Fort Worth in the 1970s, and went on to make his own billion-dollar fortune. He was a mentor to fellow billionaires Eddie Lampert and David Bonderman, and his legacy will live on through the work of the Tau Consortium.
Richard Rainwater is a member of Investments

Age, Biography and Wiki

Birth Day June 15, 1944
Birth Place United States
Age 76 YEARS OLD
Died On September 27, 2015(2015-09-27) (aged 71)\nFort Worth, Texas, U.S.
Birth Sign Cancer
Alma mater University of Texas, Austin Stanford Business School
Occupation Entrepreneur, investor
Spouse(s) Darla Moore (m. 1991)
Children 3

💰 Net worth: $3 Billion (2024)

Richard Rainwater, a well-known American investor, is estimated to have a net worth of $3 billion by 2024. Rainwater has established himself as a prominent figure in the investment industry with his successful ventures in the United States. Throughout his career, he has made significant investments in various industries and has accumulated substantial wealth. Rainwater's shrewd investment decisions have not only yielded impressive financial returns but have also made a substantial impact on the economy as a whole. With his extensive expertise in the investment realm, Richard Rainwater has solidified his position as a highly respected and influential figure in the United States.

2010 $2.3 Billion
2011 $2.3 Billion
2012 $2.3 Billion
2013 $2.6 Billion
2014 $2.7 Billion
2015 $3 Billion
2018 $3 Billion

Biography/Timeline

1986

He founded, co-founded, or was a major investor in companies including Ensco plc, an offshore drilling company, in 1986; Columbia Hospital Corporation in 1988; Mid Ocean Limited, a provider of casualty re-insurance, in 1992; Crescent Real Estate Equities, Inc. in 1994; and Pioneer Natural Resources in 1997. In 2010, he was awarded the Arbuckle Award at Stanford, where he received a MBA in 1968. In accepting the award, he credited his mother with giving him people skills that had an enormous effect on his Business and deal making success.

1996

The son of a wholesale grocer, Rainwater grew up in Fort Worth, Texas. He is of Lebanese roots. He graduated from the University of Texas at Austin with a degree in mathematics, where he was a member of the Tau chapter of the Kappa Sigma fraternity. He was recognized by the national organization in 1996 as Kappa Sigma Man of the Year. After graduation, he went on to earn a 1968 MBA from Stanford Business School.

2009

In 2009, he was diagnosed with progressive supranuclear palsy.

2011

In March 2011, a court declared him incapacitated, and his youngest child, Matthew, became his legal guardian.

2015

Rainwater died on September 27, 2015 from progressive supranuclear palsy, aged 71.

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Tags 1944 births 2015 deaths American financial businesspeople American investors American money managers American billionaires American people of Lebanese descent People from Fort Worth, Texas University of Texas at Austin alumni Stanford Graduate School of Business alumni American investment bankers Disease-related deaths in Texas Deaths from progressive supranuclear palsy

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.