⬅ # 294 Iskander Makhmudov|# 296 Marc Benioff

# 295 Richard Kinder 

$8.52B

Real Time Net Worth
as of 6/24/2024
$100.6M (1.18%)

# 295 Richard Kinder 

$8.52B

Real Time Net Worth
as of 6/24/2024
$100.6M (1.18%)
OccupationChair and CEO, Kinder Morgan
Source of WealthPipelines
Age79
ResidenceHouston, Texas
Marital StatusMarried
Children1
EducationBS, University of Missouri; JD, University of Missouri
Age-Adjusted Net Worth$2.36B
Richard Kinder
Richard Kinder
United States
Net worth: $8.52B

Self-Made Score 

Wealth History

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Biography

Early and Personal Life

Richard Kinder was born on October 19, 1944, in Cape Girardeau, Missouri.
He earned a BA in 1966 and a JD in 1968, both from the University of Missouri, where he was a member of the Sigma Nu fraternity.
Kinder began his career in the energy business as an attorney with Florida Gas Transmission, which later became part of Enron Corporation.
From 1990 to December 1996, he served as President and COO of Enron.
In 1997, Kinder cofounded Kinder Morgan after leaving Enron, purchasing Enron Liquids Pipeline for $40 million and merging with KN Energy.
He stepped down as CEO of Kinder Morgan in 2015 but continues as its executive chairman.
Richard Kinder is twice married, with one child from his first marriage. He divorced in 1996 and married Nancy McNeil in September 1997.

Career

Richard Kinder cofounded Kinder Morgan in 1997 with William V. Morgan.
Under his leadership, Kinder Morgan grew through acquisitions, including the prominent acquisition of El Paso Corporation, becoming the largest midstream energy company in North America.
He served on the boards of Baker Hughes, Transocean, and Waste Management, and as a national board member of the Smithsonian Institution.
Kinder is a past chairman of the Interstate Natural Gas Association of America.

Urban Greenspace Initiatives

The Kinder Foundation contributed $10 million to create Discovery Green, a 12-acre park in downtown Houston.
They provided $30 million to the Buffalo Bayou Partnership for improvements to Buffalo Bayou Park, with an additional $100 million grant in 2022 for Buffalo Bayou East expansion.
To enhance Memorial Park, they offered a $70 million grant to the Memorial Park Conservancy, leading to the creation of the Kinder Land Bridge.
These initiatives aim to create and enhance public greenspaces in Houston for community enjoyment and environmental preservation.

How long would it take you to become as rich as Richard Kinder?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Richard Kinder's net worth of $8.52B.

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 48.35% compared to 16.28% for the S&P 500 benchmark.

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Richard Kinder 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 Richard Kinder, Pipelines is the primary source. 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