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What is Rex Tillerson’s net worth?
Rex Tillerson is an American vitality govt, civil engineer, diplomat, and politician who has a net worth of $300 million. Rex Tillerson is greatest recognized for his tenure because the CEO of ExxonMobil and because the 69th United States Secretary of State beneath President Donald Trump. Tillerson’s profession within the vitality sector spanned over 4 a long time, throughout which he performed an important function in strengthening ExxonMobil’s world presence and within the improvement of recent vitality applied sciences. As Secretary of State, Tillerson helped form American international coverage, significantly within the areas of vitality safety and worldwide diplomacy.
When he agreed to turn into Secretary of State, Tillerson was allowed to put $180 million worth of Exxon stock into a blind trust. Furthermore, Tillerson was compelled to promote all of his privately owned shares within the oil large, which he was then be capable to re-invest in “permitted property,” which is usually mutual funds and securities. Assuming he complied these calls for, Tillerson wouldn’t have to pay capital gains tax for the sale.
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Early Life and Education
Rex Wayne Tillerson was born on March 23, 1952, in Wichita Falls, Texas. Raised in a conservative family, Tillerson grew to become an Eagle Scout within the Boy Scouts of America and finally rose to the rank of Distinguished Eagle Scout. Tillerson attended the University of Texas at Austin, the place he earned a Bachelor of Science diploma in civil engineering in 1975. His training and background in engineering would later show instrumental in his profession within the oil and fuel trade.
ExxonMobil
Tillerson started his profession at Exxon Corporation, the precursor to ExxonMobil, in 1975 as a manufacturing engineer. Over the years, he held varied positions throughout the firm, steadily rising by the ranks. In 1995, Tillerson was appointed president of Exxon Yemen Inc. and Esso Exploration and Production Khorat Inc., the place he was answerable for overseeing the corporate’s operations in Yemen and Thailand.
In 1999, following the merger of Exxon and Mobil, Tillerson was appointed Executive Vice President of ExxonMobil Development Company, answerable for the company’s world upstream actions. Under Tillerson’s management, ExxonMobil expanded its world attain and explored new territories, together with Russia, which might later turn into a major space of focus for the corporate.
In 2004, Tillerson was appointed President and a member of the board of administrators of ExxonMobil Corporation. Just two years later, in 2006, he succeeded Lee Raymond because the Chairman and CEO of the corporate. During his tenure, Tillerson centered on the event of recent vitality applied sciences, together with carbon seize and storage and biofuels, in addition to the growth of the corporate’s pure fuel manufacturing.
In his final yr as CEO of Exxon, Tillerson earned $27.5 million in complete compensation.
Relationship with Russia
As ExxonMobil’s CEO, Tillerson developed shut ties with Russian authorities officers and enterprise leaders, together with Russian President Vladimir Putin. In 2011, Tillerson signed a landmark cope with Russia’s state-owned oil firm, Rosneft, for a three way partnership to discover and develop oil sources within the Arctic and the Black Sea. This partnership was seen as a serious step towards strengthening the connection between the 2 vitality giants, and Tillerson was subsequently awarded the Russian Order of Friendship by Putin in 2013.
However, the partnership confronted challenges when the United States imposed financial sanctions on Russia in response to its annexation of Crimea in 2014. The sanctions halted the progress of the three way partnership and considerably impacted ExxonMobil’s Russian investments. Despite this setback, Tillerson maintained a realistic strategy towards Russia and advocated for open communication and dialogue.
Secretary of State
On December 13, 2016, then-President-elect Donald Trump introduced his nomination of Tillerson because the 69th U.S. Secretary of State. Tillerson’s nomination was met with blended reactions, with some critics questioning his lack of presidency expertise and shut ties to Russia. Nonetheless, he was confirmed by the Senate on February 1, 2017, with a 56-43 vote.
As Secretary of State, Tillerson centered on vitality safety, counterterrorism, and worldwide diplomacy. He performed a major function within the administration’s efforts to use strain on North Korea, resulting in the 2018 summit between President Trump and North Korean chief Kim Jong-un. Tillerson additionally advocated for a more durable stance on Iran, pushing for a renegotiation of the Iran nuclear deal, which he believed didn’t adequately tackle the nation’s ballistic missile program and assist for terrorism.
Tillerson’s tenure as Secretary of State was marked by a variety of inside challenges as nicely. His efforts to restructure the State Department and implement finances cuts have been met with resistance from profession diplomats and a few members of Congress. Additionally, Tillerson’s relationship with President Trump appeared to develop more and more strained over time, with the 2 males sometimes clashing on international coverage points, such because the Paris Climate Agreement and the administration’s strategy to the Qatar diplomatic disaster.
Despite these challenges, Tillerson continued to push for diplomacy and dialogue, emphasizing the significance of worldwide cooperation in addressing world points. He performed a key function within the Global Coalition to Defeat ISIS, working with worldwide companions to coordinate efforts to counter the terrorist group. Furthermore, Tillerson helped strengthen relationships with key allies within the Asia-Pacific area, together with Japan, South Korea, and Australia, in addition to fostering new partnerships in Africa and Latin America.
Rex Tillerson’s tenure as U.S. Secretary of State got here to an finish on March 13, 2018, when President Trump introduced Tillerson’s dismissal by way of Twitter. Tillerson was succeeded by then-CIA Director Mike Pompeo.
Post-Government Life
Following his departure from the Trump administration, Tillerson returned to personal life, sometimes talking at occasions and providing his insights on worldwide affairs and vitality coverage. He has additionally been concerned in varied philanthropic actions, together with serving on the board of the Center for Strategic and International Studies, a distinguished Washington, D.C.-based suppose tank, and persevering with his long-standing involvement with the Boy Scouts of America.
Personal Life
He married his highschool sweetheart, Renda St. Clair, in 1986, they usually have 4 kids collectively. Tillerson is deeply dedicated to his family and has typically cited their assist as an important think about his success. Outside of his skilled profession, he’s an avid outdoorsman who enjoys horseback using, looking, and fishing.
Texas Mansion
In June 2019, Rex and Renda Tillerson purchased a lavish 16,000 sq. foot mansion in Westlake, Texas for an undisclosed quantity. The vendor of the house was retired baseball participant Vernon Wells. Vernon constructed the mansion from scratch, finishing development in 2010. Wells initially listed the house for somewhat beneath $10 million in July 2017. He accepted an undisclosed quantity from the Tillersons a number of months after decreasing the value to $8.5 million.
Washington D.C. Mansion
In February 2017 Rex paid $5.5 million for a mansion in Washington D.C. He listed this house on the market in December 2023 for $6.5 million.
All internet worths are calculated utilizing information drawn from public sources. When offered, we additionally incorporate personal suggestions and suggestions obtained from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as potential, except in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button under.
