George Kaiser Net Worth

George B. Kaiser Net Worth

Real Name: George B. Kaiser
Date of Birth: 07/29/1942
Place of Birth: Tulsa, Oklahoma

2019 Net Worth: $10.3 Billion
2018 Earnings:

Profession: Oilman, Investor, Chairman of BOK Financial Corporation, Philanthropist

George Kaiser Biography

George Kaiser was born in Tulsa, Oklahoma to Jewish parents who had fled Nazi Germany. Kaiser grew up in the Tulsa area, and attended Harvard University, where he earned a bachelor’s degree. Although he considered a career as a Foreign Service officer, he ended up joining his father in the family business, Kaiser-Francis Oil, a company that was founded by his parents and uncle.

Kaiser did not enjoy sitting in an office, he liked to be outside actively doing things. He is known for working 70 hour a week and is thought to be not only the smartest oilman in the business, but the an astute investor. He took reasonable risks with the family business and, combined with his hard work, turned his small family owned oil company into one of the largest private producers of natural gas and oil in the country.

Kaiser was not content to keep the family money strictly in oil, he diversified his portfolio. He purchased the failing Bank of Oklahoma in 1991 for $60 million. He also invested $660 million to form another company, Excelerate Energy. Kaiser’s influence and money can be seen all over the Tulsa area, but he abhors publicity and public functions, and rarely gives interviews. With all his wealth, Kaiser owns no vacation homes, no airplanes or helicopters, no yachts or mansions. He flies commercial flights and lives in a modest home for a billionaire. His house in midtown Tulsa is valued at $1.6 million.

Kaiser has signed the Giving Pledge in 2010, along with more than 70 other billionaires, pledging to give away at least half of his fortune to charity. With a net worth of 10.3 billion, combined with his modest lifestyle and lucrative earnings each year, Kaiser has quite a lot to give. His foundation, George Kaiser Family Foundation, fights childhood poverty and is a major benefactor to the Jewish community in the Tulsa area.

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