Richard Rainwater’s profile picture

Richard Rainwater

Richard Rainwater’s profile picture
Net worth 2018: $3 Billion
Industry: Investments
Country: United States
BirthDay: 15 June 1944
Sigh: Cancer
Died On: 27/09/2015
Children: 3
Education: Bachelor of Arts / Science, The University of Texas at Austin; Master of Business Administration, Stanford University
BIOGRAPHY

Richard Rainwater was bornon 15 June 1944 in United States. Legendary dealmaker Richard Rainwater died in September 2015 at age 71. He had been fighting a rare neurodegenerative disease, progressive supranuclear palsy, for six years. In search of a cure, his Rainwater Charitable Foundation had spent more than $50 million to draw together top researchers into a group called the Tau Consortium, named after the protein that causes the disease and which is also a factor in Alzheimers. Their work will continue. Rainwater got his start at age 26 managing assets for the Bass family of Fort Worth in the 1970s. The Stanford Business School grad broke out on his own in 1986, minting his own billion-dollar fortune. He later quipped: "I'm just a retired guy who made a couple billion by being in the right place at the right time." His gregarious mentorship helped spark the careers of fellow billionaires Eddie Lampert and David Bonderman.

NET WORTH STATISTIC
2010

$2.3 Billion

2011

$2.3 Billion

2012

$2.3 Billion

2013

$2.6 Billion

2014

$2.7 Billion

2015

$3 Billion

2018

$3 Billion

TIMELINE
2015

Rainwater died on September 27, 2015 from progressive supranuclear palsy, aged 71

2011

In March 2011, a court declared him incapacitated, and his youngest child, Matthew, became his legal guardian

2010

In 2010, he was awarded the Arbuckle Award at Stanford, where he received a MBA in 1968

2009

In 2009, he was diagnosed with progressive supranuclear palsy

1996

He was recognized by the national organization in 1996 as Kappa Sigma Man of the Year

1986

He founded, co-founded, or was a major investor in companies including Ensco plc, an offshore drilling company, in 1986; Columbia Hospital Corporation in 1988; Mid Ocean Limited, a provider of casualty re-insurance, in 1992; Crescent Real Estate Equities, Inc

1968

After graduation, he went on to earn a 1968 MBA from Stanford Business School

1944

Richard Edward Rainwater (June 15, 1944 – September 27, 2015) was an American investor and fund manager, with many investments in the petroleum industry

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