Rex Tillerson Net Worth
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4 min read
Table: Rex Tillerson Net Worth
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $300 million | $27.5 million (last year as CEO of Exxon) | March 23, 1952 | Wichita Falls, Texas | Male | N/A | Energy executive, civil engineer, diplomat, politician | American |
What is Rex Tillerson’s Net Worth?
Rex Tillerson, an American energy executive, civil engineer, diplomat, and politician, has a net worth of $300 million. He is best known for his tenure as the CEO of ExxonMobil and as the 69th United States Secretary of State under President Donald Trump. Tillerson’s four-decade career in the energy sector played a crucial role in strengthening ExxonMobil’s global presence and developing new energy technologies. As Secretary of State, he helped shape American foreign policy, particularly in the areas of energy security and international diplomacy.
Highlights
– Rex Tillerson’s net worth is approximately $300 million.
– He served as the CEO of ExxonMobil and as the United States Secretary of State.
– Tillerson played a crucial role in strengthening ExxonMobil’s global presence and developing new energy technologies.
– As Secretary of State, he shaped American foreign policy in energy security and international diplomacy.
Early Life
Rex Wayne Tillerson was born on March 23, 1952, in Wichita Falls, Texas. He grew up in a conservative family and achieved the rank of Distinguished Eagle Scout in the Boy Scouts of America. Tillerson attended the University of Texas at Austin, where he earned a Bachelor of Science degree in civil engineering in 1975. His educational background in engineering proved instrumental in his career in the oil and gas industry.
Career
Tillerson began his career at Exxon Corporation in 1975 as a production engineer. He held various positions within the company over the years, steadily rising through the ranks. In 1999, after the merger of Exxon and Mobil, Tillerson became the Executive Vice President of ExxonMobil Development Company. Under his leadership, ExxonMobil expanded its global reach and explored new territories, including Russia.
In 2006, Tillerson became the Chairman and CEO of ExxonMobil Corporation. During his tenure, he focused on the development of new energy technologies and the expansion of the company’s natural gas production. In his last year as CEO, Tillerson earned $27.5 million in total compensation.
Personal Life
Rex Tillerson married his high school sweetheart, Renda St. Clair, in 1986, and they have four children together. He attributes his success to their support. Outside of his professional career, Tillerson is an avid outdoorsman who enjoys horseback riding, hunting, and fishing.
Net Worth Over Time
Rex Tillerson’s net worth is estimated to be $300 million. Throughout his career, he accumulated wealth primarily through his executive positions at ExxonMobil. In his last year as CEO, he earned a substantial salary of $27.5 million. Additionally, as Secretary of State, Tillerson received a government salary.
Components of Net Worth
Rex Tillerson’s net worth includes various components, such as:
1. Stock Holdings: When Tillerson agreed to become Secretary of State, he placed $180 million worth of Exxon stock into a blind trust. This allowed him to defer capital gains tax on the sale of the stock. He was also required to sell all privately-owned shares in the company.
2. Compensation: As the CEO of ExxonMobil, Tillerson earned a significant salary, with his last year’s compensation amounting to $27.5 million.
3. Investments: After selling his Exxon stock, Tillerson reinvested the proceeds in “permitted property,” which includes mutual funds and securities.
4. Other Assets: Tillerson owns a Texas mansion, which he purchased in 2019, and a mansion in Washington D.C., which he listed for sale in 2023.
In conclusion, Rex Tillerson has amassed a net worth of $300 million through his successful career in the energy sector, his executive roles at ExxonMobil, and his appointment as the United States Secretary of State. His net worth consists of stock holdings, compensation, investments, and other assets.
