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Grizzly Bulls’ Billionaires Index

⬅ # 722 Mahendra Choksi|# 724 Odd Reitan ➡

# 723 Lynn Schusterman 

$4.68B

Real Time Net Worth
as of 11/21/2024
$494 (0.00%)

# 723 Lynn Schusterman 

$4.68B

Real Time Net Worth
as of 11/21/2024
$494 (0.00%)
OccupationFounder, Charles and Lynn Schusterman Family Philanthropies
Source of WealthOil & Gas, Investments
Age85
ResidenceTulsa, Oklahoma
Marital StatusWidowed
Children3
EducationDrop Out, University of Miami
Age-Adjusted Net Worth$861.73M
Lynn Schusterman
Lynn Schusterman
United States
Net worth: $4.68B

Self-Made Score 

Frederique Constant Men's FC718NWM4H6 Worldtimer Automatic Watch With Blue Leather Band

Wealth History

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Biography

Early and Personal Life

Lynn Schusterman, born Lynn Rothschild on January 21, 1939, in Kansas City, Missouri, was raised in Oklahoma City in a Jewish family.
In 1962, she married Charles Schusterman, with whom she co-founded the Charles and Lynn Schusterman Family Foundation in 1987.
Lynn and Charles had three children, including Stacy H. Schusterman, who became CEO of Samson Resources.

Business Ventures

Charles Schusterman founded Samson Resources in 1971 with an initial investment of $30,000, borrowing from his mother.
Samson Resources, a privately owned oil and gas company, grew under Charles' leadership, expanding its investments to include oil fields in the United States, Canada, Venezuela, and Russia.
The company's success in oil field acquisitions and operations contributed significantly to the Schustermans' wealth.
Upon Charles' death in 2000, Lynn and their daughter Stacy continued to oversee the family's remaining oil and gas assets through Samson Energy.

Financial Achievements

The family's majority stake in Samson Resources led to the sale of most company assets to a KKR-led group for $7.2 billion in 2011.
From the proceeds, $2.3 billion was allocated to the Charles and Lynn Schusterman Family Philanthropies, further boosting their philanthropic endeavors.
Lynn Schusterman maintained control over certain oil and gas assets, ensuring a continued stream of wealth and investment opportunities.

Philanthropy

Co-founded the Charles and Lynn Schusterman Family Foundation in 1987, which focuses on global Jewish community, Israel, and Tulsa, Oklahoma.
Her philanthropic initiatives include supporting organizations like BBYO, Hillel, Birthright Israel, and Teach For America.
Contributed significantly to educational institutions like Brandeis University, University of Oklahoma, and The University of Texas at Austin.
Instrumental in establishing Teach For America corps in Tulsa and Israel.
Founded the Haruv Institute in Jerusalem for the prevention and treatment of child abuse and neglect.
Signed the Giving Pledge in 2011.

Activism

Advocated for LGBT acceptance in the Jewish community, supporting organizations like Keshet.
Critiqued Israeli government policies, including signing a petition against canceling the Kotel compromise.
Received criticism from some Orthodox Jewish circles for her advocacy.
Involved in efforts to revive synagogue attendance across the United States.
Supported organizations like Teach For America and Teach For All.
Promoted inclusivity and service learning.

Honors and Recognition

Inducted into the Tulsa Hall of Fame in 2000, Oklahoma Women's Hall of Fame in 2003, and Oklahoma Hall of Fame in 2006.
Received an honorary Doctorate of Humane Letters from Hebrew Union College-Jewish Institute of Religion in 2007.
Honored with the Woodrow Wilson International Center for Scholars Public Service award in 2008.
Received an honorary Doctorate of Humane Letters from Brandeis University in 2021.
Awarded the Carnegie Medal of Philanthropy in 2022, alongside her daughter Stacy.

Lynn Schusterman's Wealth is Equivalent to:

3,600,462 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

884,957 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

47,800 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Lynn Schusterman?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Lynn Schusterman's net worth of $4.68B.

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 58.67% compared to 23.91% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Lynn Schusterman 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 Lynn Schusterman, Oil & Gas and Investments 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.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey