⬅ # 625 Zhang Yong|# 627 Bidzina Ivanishvili

# 626 Trevor Rees-Jones 

$4.99B

Real Time Net Worth
as of 6/24/2024
$18.2M (0.36%)

# 626 Trevor Rees-Jones 

$4.99B

Real Time Net Worth
as of 6/24/2024
$18.2M (0.36%)
OccupationFounder and Chair, Chief Oil & Gas
Source of WealthOil & Gas
Age72
ResidenceDallas, Texas
Marital StatusMarried
Children2
EducationBS, Dartmouth College; JD, Southern Methodist University
Age-Adjusted Net Worth$2.21B
Trevor Rees-Jones
Trevor Rees-Jones
United States
Net worth: $4.99B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Trevor D. Rees-Jones was born in 1951 in University Park, Texas.
He is the eldest of three children, born to Trevor William Rees-Jones and Billye June Kay.
Rees-Jones achieved the rank of Eagle Scout in 1966.
He graduated from Dartmouth College and later earned his J.D. from Southern Methodist University's Dedman School of Law.

Early Career

Rees-Jones started his career as a bankruptcy attorney in Dallas before transitioning to oil and gas law.
In 1984, he began pursuing oil and gas investments, eventually founding Chief Oil & Gas in 1994.
He has been active in the Barnett Shale, becoming a pioneer of the shale fracking boom.

Career Highlights

Started as a bankruptcy attorney in Dallas, later practiced oil and gas reorganization law.
Founded Chief Oil & Gas in 1994, which became a major player in the Barnett Shale.
Sold majority of Chief's assets to Devon Energy and Crosstex Energy for $2.63 billion in 2006.
Entered the Marcellus Formation gas play in Appalachia after the Barnett Shale, expanding the company's reach.
In January 2022, Chief Oil & Gas was acquired by Chesapeake Energy for $2.6 billion.

Philanthropy

In 2006, Trevor and his wife founded the Rees-Jones Foundation to support programs improving North Texas' quality of life.
Major recipients of grants include the Boy Scouts of America, Dallas Arboretum, and Dallas Children's Advocacy Center.
He served on the board of trustees of Dartmouth College and Texas Christian University.
Donated to the Perot Museum of Nature and Science, resulting in the Jan and Trevor Rees-Jones Exhibition Hall.
Made substantial donations to Parkland Memorial Hospital's campaign for a new facility.

Political Involvement

Rees-Jones is a significant donor to the Republican Party.
Gave $1 million to American Crossroads in 2010 and $2 million to Jeb Bush's presidential campaign in 2015.

Personal Life

Resides in a $26 million house at the Dallas Country Club with his wife Jan.
Attends the Highland Park Presbyterian Church and is a member of the Dallas Country Club.
Owns the Cook Canyon Ranch near Ranger, Texas, where he hosted lavish events like Bon Jovi's performance.
Married to Jan and has two sons, Trevor Richard Rees-Jones III and David Rees-Jones, both TCU students at one point.
Hosted extravagant parties featuring performances by Dan Aykroyd, Jim Belushi, The Eagles, and others.

Technology and Controversies

Chief Oil & Gas played a pioneering role in the development of hydraulic fracturing technology in shale gas extraction.
Utilized advanced technology like 3-D seismic imaging and horizontal drilling to enhance gas production.
Developed eco-friendly drilling rigs to minimize environmental impact.
However, faced controversies including environmental fines and citations, especially in Pennsylvania.
Critics accused Chief of influencing politicians to repeal environmental policies and avoiding severance taxes.

How long would it take you to become as rich as Trevor Rees-Jones?

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 Trevor Rees-Jones's net worth of $4.99B.

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

Trevor Rees-Jones 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 Trevor Rees-Jones, Oil & Gas 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