How rich is Rex Tillerson?

Name: Rex Wayne Tillerson

Born: March 23, 1952

Occupation: Executive and public official

Rex Tillerson, fair use

Rex Tillerson, fair use

Rex Tillerson was born in Wichita Falls, Texas on March 23, 1952. He is the son of Bobby Joe Tillerson, an executive of the Boy Scouts of America, and Patty Sue Patton. He has two sisters, Rae Ann Hamilton and Jo Lynn Peters.

Rex attended Huntsville High School and enrolled in the University of Texas at Austin when he graduated. He earned a Bachelor of Science degree in Civil Engineering in 1975 – he was actively involved in the university’s band club, leading the percussion section, too.

Rex has been married twice before. First to Jamie Lee Henry, a fellow high school bandmate, and then to current wife Renda House. He has four children. The family president resides in Texas and Washington, D.C.

During his school days, Rex worked a variety of jobs for extra pocket money and skills building, like picking cotton and janitorial labor.

Once he graduated from university, Rex was hired by Exxon Company in 1975 as a production engineer. He quickly climbed the ladder, becoming general manager of the central production division in 1989, and then President of Exxon Yemen and Exxon Exploration and Production Khorat in 1995. Three years later, Rex was tapped to be vice president of Exxon Ventures, and a year later, executive vice president of ExxonMobil Development Company.

In November 2016, then-President-Elect Donald Trump tapped Rex to be his Secretary of State, a job that he did not want but his wife encouraged him to take. He left Exxon with a compensation package worth more than $100 million.

Some of his political positions include opposing sanctions, favoring a carbon tax to fight climate change, supporting international agreements (TPP and the Paris Climate Accord), and defending the President Barack Obama administration’s Common Core. Critics argued that he should not have been approved to be Secretary of State due to his past connections to Russian President Vladimir Putin.

We estimate that Rex Tillerson’s net worth is $200 million (2017).

So how much is $180 million really?

$180 million can purchase tens of thousands of shares in ExxonMobil stock. $180 million can also pay for a fraction of a percent of the United States national debt.

 

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