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Grizzly Bulls’ Billionaires Index

⬅ # 125 Pavel Durov|# 127 Ray Dalio ➡

# 126 George Kaiser 

$15.4B

Real Time Net Worth
as of 5/10/2024
-$17.1M (-0.11%)

# 126 George Kaiser 

$15.4B

Real Time Net Worth
as of 5/10/2024
-$17.1M (-0.11%)
OccupationChair, BOK Financial
Source of WealthOil & Gas, Banking
Age81
ResidenceTulsa, Oklahoma
Marital StatusMarried
Children3
EducationBS, Harvard University; MBA, Harvard University
Age-Adjusted Net Worth$3.72B
George Kaiser
George Kaiser
United States
Net worth: $15.4B

Self-Made Score 

Wealth History

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Biography

Early Life

George Bruce Kaiser was born on July 29, 1942, in Tulsa, Oklahoma.
He attended Central High School in Tulsa and earned a BA from Harvard College in 1964.
Kaiser obtained an MBA from the Harvard Business School in 1966.

Family Background

In the 1930s, George's parents fled Nazi Germany and settled in Tulsa, Oklahoma.
His father, Herman George Kaiser, was a dismissed Jewish attorney in Berlin and escaped to England in 1937.

Career

George took control of Kaiser-Francis Oil Company in 1969, transforming it into the 23rd largest nonpublic energy exploration company by 2010.
In 1990, he acquired the Bank of Oklahoma, expanding it from a 20-branch company to a $23.9 billion bank with operations in nine states.
Kaiser owns about 57% of the publicly-traded Bank of Oklahoma.

Philanthropy

George Kaiser has paid out nearly $2 billion from his George Kaiser Family Foundation, focusing on early childhood education.

Investments

He owns 76% of publicly traded LNG firm Excelerate Energy.
Kaiser holds stakes in publicly traded fintech firm Alkami and the NBA team Oklahoma City Thunder.

Personal Life

Kaiser's first wife, Betty Eudene, was a prominent literacy advocate who passed away in 2002.
His second wife is Myra Block, a curator and authority on fiber art.
Kaiser has three children (Philip, Leah, Emily) and five grandchildren (Shai, Eytan, Aidan, Ilan, Ben).
He is affiliated with the Egalitarian Conservative Congregation B'Nai Emunah.

Work Lifestyle

George Kaiser typically works 70 hours a week, dedicating half his time to philanthropy and the rest to banking, energy, and other business interests.
He avoids publicity, rarely attends society functions, and seldom gives interviews.

How long would it take you to become as rich as George Kaiser?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach George Kaiser's net worth of $15.4B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

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George Kaiser is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For George Kaiser, Oil & Gas and Banking are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey