Together the two, who met working for Robert Bass (see), own at least half of TPG, which sold 4.5% stake in itself in deal that valued firm at $5 billion 2 years ago.Richard Rainwater has been battling a rare neurodegenerative disease since 2009. But he and at least three other members of the nine-member executive committee are either past or near 60. With his late wife Lee, he established the Lee and Joseph D. Jamail Foundation in 1986, through which he has given millions to education, medical research and the performance arts. The son of an Air Force pilot, he bought his first in 1981 (an Aeronca Chief) because he was tired of driving Texas' wide-open spaces to check gauges on oil and gas wells.
Sometimes the market severely restricts profit-making; this was the case in 2012, 2013, and the late 1990s. Though referred to in the society columns as Dallas' "invisible billionaire," Headington is completing a lavish expansion of his boutique hotel the Joule. of South Carolina; in 2007 he pledged $100 million to Baylor College of Medicine in Houston to attract top-notch doctors.The Egyptian born investment billionaire nicknamed "The Sphinx," returns to the Forbes 400 List for the first time since 2007 carrying a large and growing cache of stock in Kinder Morgan, the energy transportation company. The kings of the oil trading game back then were Phibro, which had just bought Salomon Brothers, the investment bank, for $550 million; Marc Rich + Co., founded by the eponymous trader and onetime tax fugitive; and Transworld Oil, controlled by John Deuss, who’d risen to prominence and infamy by doing business with South Africa in the days of apartheid.The modern Vitol began to take shape in 1990, when Detiger and seven other partners sold the company for $100 million to $200 million (the actual figure wasn’t disclosed) to a group of about 40 employees, including Taylor. Forces revolting against the 42-year dictatorship of Colonel Muammar Qaddafi had just taken control of the city and founded their own government. Funny, my $1 billion charitable giving exceeds my net worth. Recently he sold his private equity fund's 76% stake in Pacific Capital Bancorp to Mitsubishi UFJ, Japan's largest bank by assets, for $1.15 billion--$650 million more than what it paid in 2010.The low-profile pipeline mogul became co-owner of the Texas Rangers baseball team when he and former XTO Energy founder Bob Simpson teamed with Hall of Famer Nolan Ryan to buy the team for $593 million in 2010. In 1978 he recruited military vets on a mission to rescue two EDS employees imprisoned in Iran -- a saga recounted in Ken Follett's "On Wings of Eagles." He bought out partner Thomas Hook for $500 million in 2003. Detinger, now 81 years old, remembers that Vietor’s father told him: “You have 6 months—if it doesn’t work, you’re out.”The company’s first accounts showed a small profit and a balance sheet of 200,000 guilders including the value of the owners’ two cars. As anybody in the oil business could attest, Vitol was a nimble and hungry opportunist, always ready to pounce.Now, inside the plane, Taylor and Bake, who looks almost like a bodyguard thanks to his rugby-player frame, were en route to clinch the deal. Raised in rough East Los Angeles, DeJoria, 69, joined the Navy before starting hair-care outfit John Paul Mitchell Systems with Paul Mitchell in 1980 with $700. In 2010, as a reward for doubling the size of the company, every Hilcorp employee got $50,000 to buy a new car. "We have one of the best teams in the NFL now, and I'm proud of that. Now business is becoming more competitive than ever. When a fire tipped the refinery into bankruptcy, Vitol bought it for $300 million in 1995, then booked a $1 billion profit when it sold the plant a decade later.