Robert Rowling’s profile picture

Robert Rowling

Robert Rowling’s profile picture
Net worth 2018: $5.76 Billion
Industry: Energy
Residence: Dallas, Texas
Country: United States
BirthDay: 1953
Children: 2
Education: Bachelor of Arts / Science, The University of Texas at Austin; Doctor of Jurisprudence, Southern Methodist University
BIOGRAPHY

Robert Rowling was bornon 1953 in Dallas, Texas, United States. Robert Rowling is #312 in List Billionaires People In The World. In 1996 he reinvested $500 million from selling the family's oilfields into the purchase of Omni Hotels. The Omni chain has 60 locations and 21,000 rooms nationwide with big new hotels in Dallas, Atlanta and Boston. In 2004 Rowling bought Gold's Gym, which Arnold made famous; it now has more than 700 locations worldwide. Gave $25 million to the University of Texas business school in 2013.

NET WORTH STATISTIC
2009

$4.1 Billion

2010

$4.1 Billion

2011

$4.7 Billion

2012

$4.9 Billion

2013

$4.9 Billion

2014

$6 Billion

2015

$6.1 Billion

2016

$6 Billion

2017

$6.2 Billion

2018

$5.76 Billion

Just tell the truth. It's basic.

Robert Rowling
TIMELINE
Robert B. Rowling (born 1953) is the founder of TRT Holdings, the holding company of Omni Hotels and Gold's Gym.A native of Corpus Christi, Texas, Rowling has an undergraduate degree from the University of Texas at Austin and a Doctor of Jurisprudence from Southern Methodist University.In 1972, Rowling began working for Tana Oil and Gas, which was owned by his father, Reese Rowling, and William Colson. In 1989 Texaco acquired Tana for $476 million, thereby providing money that was used to form TRT Holdings. Five years later, TRT Holdings sold Corpus Christi National Bank to NationsBank for $131 million. TRT Holdings would later purchase Omni Hotels for $500 million and Gold's Gym for $180 million. In August 2010, Rowling made the winning bid to acquire the bankrupt Amelia Island Plantation Resort for $67.1 Million. In July 2013, Rowling purchased six resorts from KSL Resorts including The Homestead 1766 in Hot Springs, Virginia, known for its charm and southern hospitality.Rowling served as a regent to the University of Texas System until February 6, 2009 when he resigned over a controversy regarding bonuses paid to the UTIMCO investment staff. Governor Rick Perry and Texas state senators had sought to go back on compensation agreements with the staff. Unwilling to break the contracts and disgusted by their grandstanding, Rowling quit during a Texas Senate Finance Committee meeting and followed it up a day later with a formal letter of resignation As of May 2017, he is worth US$6.7 billion. He is the 82nd richest person in the United States. He is married, with two children. He lives in Dallas, Texas.He is a conservative Republican and a major donor to the party. He is also one of four billionaire backers of the conservative political action group American Crossroads. According to an article published in Forbes, four San Francisco Gold's Gym franchises split off from the brand after Rowling made a $2 million donation to Karl Rove’s American Crossroads PAC, sparking protest from gay rights advocates. He gave more than $2 million as a private donation completely independent from his company, TRT Holdings. TRT Holdings has also given an additional $2.5 million from the company treasury this election cycle, according to public filings. He commented to Fox News, explaining that his donation to American Crossroads had nothing to do with social policies that could spark crossfire. "I've never heard one discussion of a social issue. This is all about fiscal sanity."
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