Age, Biography and Wiki
💰 Net worth: $500 thousand (2024)
Matthew Simmons is a renowned entrepreneur based in Utah, who is expected to have a net worth of $500 thousand by the year 2024. With his exceptional business acumen and innovative mindset, Simmons has made a name for himself in the entrepreneurial world. He has successfully founded and operated multiple businesses, which have contributed to his impressive financial standing. Known for his determination and commitment to his ventures, Simmons continues to be a prominent figure in Utah's entrepreneurial landscape.
About
Investment banker in the oil and energy field who was a prominent proponent of the peak oil theory.
Before Fame
He was shocked by the 1973 energy crisis when the Arab states instituted an oil embargo. He founded his own investment firm Simmons & Company International.
Trivia
His influential 2005 book argued that oil production from Saudi Arabia was peaking and would begin to decline.
Family Life
He had five daughters with his wife Ellen.
Associated With
He was hardly the first to claim that oil production would soon peak. Maron Hubbert made the same prediction in 1956 about the year 1970.
