Richard Rainwater

About Richard Rainwater

Birth Day: June 15, 1944
Birth Place: United States
Died On: September 27, 2015(2015-09-27) (aged 71)\nFort Worth, Texas, U.S.
Birth Sign: Cancer
Alma mater: University of Texas, Austin Stanford Business School
Occupation: Entrepreneur, investor
Spouse(s): Darla Moore (m. 1991)
Children: 3

Richard Rainwater Net Worth

Richard Rainwater was bornon June 15, 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.
Richard Rainwater is a member of Investments

💰 Net worth: $3 Billion

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

Some Richard Rainwater images

Biography/Timeline

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. in 1994; and Pioneer Natural Resources in 1997. In 2010, he was awarded the Arbuckle Award at Stanford, where he received a MBA in 1968. In accepting the award, he credited his mother with giving him people skills that had an enormous effect on his Business and deal making success.

1996

The son of a wholesale grocer, Rainwater grew up in Fort Worth, Texas. He is of Lebanese roots. He graduated from the University of Texas at Austin with a degree in mathematics, where he was a member of the Tau chapter of the Kappa Sigma fraternity. He was recognized by the national organization in 1996 as Kappa Sigma Man of the Year. After graduation, he went on to earn a 1968 MBA from Stanford Business School.

2009

In 2009, he was diagnosed with progressive supranuclear palsy.

2011

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

2015

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