“From a small town in Texas to the pinnacle of power as one of the most influential CEOs in the world, Rex Tillerson’s rise to riches has been nothing short of impressive. As former CEO of ExxonMobil and later, US Secretary of State under President Trump, Tillerson’s professional journey has been closely followed by many. But just how much wealth has he accumulated throughout his career? In this blog post, we’ll delve into Rex Tillerson’s net worth, exploring his sources of income and uncovering some surprising facts along the way.”
Introduction to Rex Tillerson
Rex Tillerson is an American businessman and the current Secretary of State under President Donald Trump. He previously served as the Chairman and CEO of ExxonMobil, one of the world’s largest oil and gas companies.
Born in Wichita Falls, Texas, in 1952, Tillerson began his career with ExxonMobil in 1975. He steadily rose through the ranks of the company, eventually becoming its Chairman and CEO in 2006. Under Tillerson’s leadership, ExxonMobil became even more profitable, making him one of the most successful businessmen in the world.
In December 2016, it was announced that Tillerson would be nominated by President-elect Donald Trump to serve as the next Secretary of State. After a contentious confirmation process, he was confirmed by the Senate on February 1, 2017.
As Secretary of State, Tillerson is responsible for leading the U.S. Department of State and representing America’s interests abroad. He has been a controversial figure in his short time in office, but there is no doubt that he is one of the most powerful people in the world today.
Rex Tillerson is an American businessman who currently serves as the Secretary of State under President Donald Trump. Prior to his current role, Rex Tillerson was the Chairman and CEO of ExxonMobil – one of the world’s largest oil and gas companies. Born in Wichita Falls, Texas back in 1952 – Rex began his career with ExxonMobil all the way back in 1975 eventually becoming its Chairman & CEO some 31
|Real Name/Full Name||Rex Wayne Tillerson|
|Nick Name/Celebrated Name:||Rex Tillerson|
|Birth Place:||Wichita Falls, Texas, United States|
|Date Of Birth/Birthday:||23 March 1952|
|Age/How Old:||70 years old|
|Height/How Tall:||In Centimetres – 178 cm
In Feet and Inches – 5′ 10″
|Weight:||In Kilograms – 76 Kg
In Pounds – 168 lbs
|Wife/Spouse Name:||Renda St. Clair (m. 1986)|
|Kids/Children Name:||Tyler Tillerson|
|Parents Name:||Patty Sue, Bobby Joe Tillerson|
|Siblings:||Rae Ann Hamilton, Jo Lynn Peters|
|School:||Huntsville High School|
|College:||The University of Texas at Austin|
|Profession:||Engineer and energy executive|
|Net Worth:||$320 Million|
Career History and Background
Rex Tillerson, the former CEO of ExxonMobil, has an estimated net worth of $330 million. He made his fortune through his successful career in the oil and gas industry.
Tillerson began his career at Exxon in 1975, working as a production engineer. He quickly rose through the ranks, becoming president of Exxon Yemen in 1989 and vice president of Exxon Ventures and Production in 1995. In 1999, he was named senior vice president of ExxonMobil Development Company.
In 2006, Tillerson was elected chairman and chief executive officer of ExxonMobil. He held this position for 10 years, during which time he oversaw the company’s expansion into new markets and its development of new energy projects. Under Tillerson’s leadership, ExxonMobil became one of the world’s largest publicly traded companies, with an annual revenue of over $200 billion.
Tillerson retired from ExxonMobil in 2016 after 41 years with the company. He subsequently became chairman of the board of directors of the American Petroleum Institute. In 2017, he was appointed U.S. Secretary of State by President Donald Trump.
Breakdown of Rex Tillerson’s Net Worth
Rex Tillerson’s net worth is estimated to be $325 million as of 2017. This puts him in the top 0.025% of Americans in terms of net worth. Here is a breakdown of his assets and how he has acquired them:
-Tillerson’s largest asset is his deferred compensation from ExxonMobil, which is estimated to be worth $160 million. He earned this money over his 41-year career with the company, during which he rose to the position of CEO.
-Tillerson owns stakes in various ExxonMobil subsidiaries and joint ventures, which are valued at an estimated $27 million.
-He has investments in real estate and other businesses, which are worth an estimated $88 million.
-Tillerson also has a substantial amount of cash and other liquid assets, which are worth an estimated $60 million.
|Net Worth (2023)||$320 Million|
|Profession||Former United States Secretary of State|
|Monthly Income And Salary||$2.5 Million +|
|Yearly Income And Salary||$26 Million +|
How He Made His Money
Rex Tillerson, the former CEO of Exxon Mobil, is estimated to have a net worth of $325 million. Most of his wealth comes from his years working at Exxon, where he earned an annual salary of $27.3 million and had $180 million in stock options. He also owns a $5 million ranch in Bartonville, Texas, and has stakes in a number of private companies.
Tillerson began his career at Exxon in 1975 as a production engineer. He quickly rose through the ranks, becoming president of Exxon Yemen Inc. in 1989 and vice president of Esso Production Khorat Inc. in 1995. In 2006, he was named CEO of Exxon Mobil, and he held that position until 2017 when he was tapped to be President Trump’s Secretary of State.
During his time at the helm of Exxon, Tillerson oversaw some of the company’s most successful years. Under his leadership, Exxon’s profits reached record levels, topping $40 billion in 2012. He also oversaw the company’s expansion into new oil-rich areas like the Arctic and Iraq.
Thanks to his years of success at Exxon, Rex Tillerson has amassed a sizable fortune. His net worth provides a glimpse into the life of one of America’s most powerful businessmen.
Philanthropy Work of Rex Tillerson
In his role as CEO of ExxonMobil, Rex Tillerson has been a major force in the world of corporate philanthropy. Under his leadership, the company has donated billions of dollars to various causes around the globe.
Some of the most notable recipients of ExxonMobil’s philanthropy include the American Red Cross, the United Way, and the Wildlife Conservation Society. In addition to these large organizations, Tillerson has also been a big supporter of educational initiatives, donating millions of dollars to institutions like the Massachusetts Institute of Technology and Stanford University.
With such a impressive track record of giving back, it’s no surprise that Rex Tillerson’s net worth is estimated to be over $150 million. This puts him in a league of his own when it comes to American CEOs and their charitable giving.
Controversies Surrounding Rex Tillerson
In December 2016, it was revealed that Rex Tillerson, then-CEO of ExxonMobil, had been awarded the Russian Order of Friendship by Vladimir Putin. This caused controversy, as some saw it as a sign that Tillerson was too close to the Russian government. In addition, Tillerson’s nomination for U.S. Secretary of State was met with criticism from both Democrats and Republicans. Some questioned his ties to Russia, while others raised concerns about his lack of diplomatic experience.
Rex Tillerson’s rise to wealth is an inspiring example of what a person can achieve through hard work and dedication. His impressive net worth serves as a reminder that it is possible to make something of yourself, no matter where you come from or what your circumstances may be. It also shows how important it is for ambitious individuals to invest in their education and further develop their skills if they want to succeed financially. Truly, Rex Tillerson’s story is one worth admiring!