⬅ # 271 Ludwig Merckle|# 273 Shapoor Mistry

# 272 Robert Rowling 

$9.03B

Real Time Net Worth
as of 6/24/2024
$13.0M (0.14%)

# 272 Robert Rowling 

$9.03B

Real Time Net Worth
as of 6/24/2024
$13.0M (0.14%)
OccupationFounder, TRT Holdings
Source of WealthHotels, Investments
Age70
ResidenceDallas, Texas
Marital StatusMarried
Children2
EducationJD, Southern Methodist University; BS, The University of Texas at Austin
Age-Adjusted Net Worth$4.59B
Robert Rowling
Robert Rowling
United States
Net worth: $9.03B

Self-Made Score 

Wealth History

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Biography

Early Life

Robert B. Rowling, born in 1953, is an American billionaire businessman and the Founder of TRT Holdings, the holding company of Omni Hotels.
A native of Corpus Christi, Texas, Rowling holds an undergraduate degree from the University of Texas at Austin and a doctorate in jurisprudence from Southern Methodist University.

Career

In 1972, Rowling began his career at Tana Oil and Gas, owned by his father and William E. Colson.
In 1989, Texaco acquired Tana for $476 million, leading to the formation of TRT Holdings.
TRT Holdings sold Corpus Christi National Bank to NationsBank for $131 million in 1994.
TRT Holdings acquired Omni Hotels for $500 million and Gold's Gym for $180 million.
Rowling won the bid to acquire the bankrupt Amelia Island Plantation Resort for $67.1 million in August 2010.
In July 2013, Rowling purchased six resorts from KSL Resorts, including The Homestead 1766 in Hot Springs, Virginia.

Philanthropy

Rowling donated $25 million to the University of Texas business school in 2013.
He completed a $170 million renovation of Omni Barton Creek Resort in Austin in 2019.

Political Activities

Rowling is a conservative Republican and a major donor to the party.
He is one of four billionaire backers of the conservative political action group American Crossroads.
Rowling was named to the Strike Force to Open Texas by Governor Greg Abbott in April 2020.

Personal Life

Rowling is married to Terry Hennersdorf Rowling and they have two children.
The couple met while studying for their bachelor's degrees in business at the University of Texas at Austin.
They reside in Dallas, Texas.

How long would it take you to become as rich as Robert Rowling?

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 Robert Rowling's net worth of $9.03B.

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.

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

Robert Rowling 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 Robert Rowling, Hotels 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.

Edited by: Lee Bailey