Rex Tillerson's Net Worth: A Deep Dive into 2017
Hello, guys! Today, we're going to take a closer look at Rex Tillerson's net worth in 2017. We'll dive into his career, his time as the CEO of ExxonMobil, and how it all contributed to his wealth. So, grab a cup of coffee, and let's get started! Guys, explore more in Net Worth and tillerson net worth 2017.
Who is Rex Tillerson?
Before we jump into Rex Tillerson's net worth in 2017, let's briefly introduce this influential figure. Rex Wayne Tillerson was born on March 23, 1952, and is an American businessman and political figure. He served as the 66th United States Secretary of State from 2017 to 2018, under President Donald Trump. But Tillerson's career is deeply rooted in the oil industry, where he spent over four decades, culminating in his role as the CEO of ExxonMobil.
Tillerson's Rise in the Oil Industry
Rex Tillerson began his career with Exxon in 1975, after graduating from the University of Texas at Austin with a Bachelor of Science degree in Civil Engineering. He spent his entire 41-year career with the company, working his way up from entry-level positions to become its CEO in 2006.
Tillerson's leadership at ExxonMobil was marked by significant growth and success. Under his tenure, the company's market capitalization grew from around $120 billion in 2006 to over $360 billion in 2016. This remarkable growth is a significant factor contributing to Rex Tillerson's net worth in 2017.
Tillerson's Compensation at ExxonMobil
As the CEO of ExxonMobil, Tillerson's compensation was nothing short of impressive. Here's a breakdown of his total compensation from 2010 to 2016, according to ExxonMobil's proxy statements:
- 2010: $21,548,831 - 2011: $25,936,095 - 2012: $28,095,348 - 2013: $33,121,640 - 2014: $33,121,640 - 2015: $27,344,066 - 2016: $27,469,068
These figures include Tillerson's salary, bonus, stock awards, and other compensation. It's clear that Tillerson's years at ExxonMobil significantly contributed to his net worth.
Tillerson's Net Worth in 2017
So, what was Rex Tillerson's net worth in 2017? According to Forbes, Tillerson's net worth was estimated to be around $365 million in 2017. This figure includes his ExxonMobil holdings and other investments.
Here's a rough breakdown of how Tillerson's wealth was distributed in 2017:
- ExxonMobil Holdings: Tillerson owned approximately 2.6 million shares of ExxonMobil stock, which were worth around $240 million in 2017. - Real Estate: Tillerson and his wife, Renda St. Clair, owned several properties across the United States. These properties were estimated to be worth tens of millions of dollars. - Other Investments: Tillerson also had investments in various other companies and funds, although the specifics of these investments are not public.
Tillerson's Time as Secretary of State
In 2017, Tillerson left his role as the CEO of ExxonMobil to become the United States Secretary of State under President Trump. His time at the State Department was marked by significant changes, including a reorganization of the department's structure and staff.
However, Tillerson's tenure as Secretary of State was short-lived. He resigned in March 2018, following reports of tensions with President Trump and other members of his administration. Despite his relatively brief time in public service, Tillerson's role as Secretary of State further cemented his place in American history.
Tillerson's Legacy
Rex Tillerson's career spanned over four decades, from his early days at ExxonMobil to his role as the 66th United States Secretary of State. His leadership at ExxonMobil was marked by significant growth and success, contributing to his substantial net worth in 2017.
Tillerson's legacy is complex and multifaceted. He was a key figure in the oil industry, leading one of the world's most powerful and influential companies. His time as Secretary of State was marked by significant changes and challenges, and his legacy in this role is still being shaped.
Conclusion
And there you have it, folks! We've taken a deep dive into Rex Tillerson's net worth in 2017, exploring his career, his time at ExxonMobil, and his role as the United States Secretary of State. Tillerson's career is a testament to his leadership, ambition, and success in the oil industry. His net worth in 2017 was a reflection of his remarkable career and the impact he had on the companies he led.
Tillerson's legacy is complex and multifaceted, and his influence can still be felt in the oil industry and American politics. As we look to the future, it's clear that Rex Tillerson will continue to be an influential figure, remembered for his leadership and success in the face of significant challenges.