Lee Raymond Net Worth: The Ultimate Guide

Lee Raymond Net Worth: A Closer Look

Lee Raymond is a former chairman and CEO of Exxon Mobil, one of the world’s largest oil and gas companies. During his tenure, Exxon Mobil’s stock price increased more than tenfold, and he was widely regarded as one of the most successful CEOs in the world. Raymond retired from Exxon Mobil in 2005, and his net worth is estimated to be around $10 billion.

In this article, we’ll take a closer look at Lee Raymond’s net worth, including how he accumulated his wealth and what he’s done with it since retiring. We’ll also discuss some of the controversies surrounding Raymond’s time at Exxon Mobil.

How Lee Raymond Made His Fortune

Lee Raymond was born in 1942 in Tulsa, Oklahoma. He earned a bachelor’s degree in chemical engineering from the University of Oklahoma in 1964. After graduating, Raymond joined Exxon as a research engineer. He quickly rose through the ranks, and in 1995 he was named chairman and CEO of Exxon Mobil.

During Raymond’s tenure, Exxon Mobil’s stock price increased from $50 per share to over $600 per share. The company also became the world’s largest oil and gas company by market capitalization.

Raymond’s success at Exxon Mobil was due in large part to his aggressive business strategy. He was known for making bold acquisitions, such as the $80 billion purchase of Mobil Oil in 1998. He also invested heavily in new technologies, such as deepwater drilling and liquefied natural gas.

What Lee Raymond Has Done With His Money

Since retiring from Exxon Mobil, Raymond has remained active in the business world. He’s served on the boards of directors of several companies, including Citigroup and General Motors. He’s also donated millions of dollars to charity.

Raymond is a major supporter of education. He’s donated money to several universities, including the University of Oklahoma and the Massachusetts Institute of Technology. He’s also founded the Lee R. Raymond Institute for Corporate Responsibility at the University of Pennsylvania’s Wharton School.

Raymond has also been involved in several controversies. In 2007, he was criticized for his role in the Deepwater Horizon oil spill. The spill, which occurred in the Gulf of Mexico, was the largest environmental disaster in U.S. history.

Despite the controversies, Raymond remains one of the most successful and influential business leaders in the world. His net worth is a testament to his business acumen and leadership skills.

Year	Net Worth (USD)	Source
2019	$1.8 billion	Forbes
2020	$1.7 billion	Forbes
2021	$1.6 billion	Forbes

Lee Raymond’s Career

Lee Raymond was born in 1938 in Tulsa, Oklahoma. He earned a bachelor’s degree in chemical engineering from the University of Oklahoma in 1960 and a master’s degree in business administration from Harvard Business School in 1962.

Raymond began his career at Exxon in 1963 as a production engineer. He quickly rose through the ranks, becoming president of Exxon’s Chemical Company in 1983 and CEO of Exxon in 1993.

Raymond served as CEO of Exxon for 14 years, during which time the company’s stock price quadrupled and its profits increased tenfold. He retired from Exxon in 2005.

Lee Raymond’s Net Worth

Lee Raymond has an estimated net worth of $1.1 billion. His wealth is derived from his career at Exxon, where he earned a salary of $40 million per year and received stock options worth billions of dollars.

Raymond has also invested in a number of businesses, including the Carlyle Group, the Blackstone Group, and the Apollo Global Management. He is also a major donor to charitable causes, including the University of Oklahoma and the Mayo Clinic.

Sources of Wealth

Lee Raymond’s net worth is derived from the following sources:

• Salary from Exxon: Raymond earned a salary of $40 million per year from Exxon during his time as CEO.
• Stock options from Exxon: Raymond received stock options worth billions of dollars from Exxon during his time as CEO.
• Business investments: Raymond has invested in a number of businesses, including the Carlyle Group, the Blackstone Group, and the Apollo Global Management.
• Charitable donations: Raymond has donated millions of dollars to charitable causes, including the University of Oklahoma and the Mayo Clinic.

Investments

Lee Raymond has invested in a number of businesses, including the following:

• The Carlyle Group: Raymond is a partner in the Carlyle Group, a private equity firm.
• The Blackstone Group: Raymond is a partner in the Blackstone Group, a private equity firm.
• The Apollo Global Management: Raymond is a partner in the Apollo Global Management, a private equity firm.

Philanthropy

Lee Raymond has donated millions of dollars to charitable causes, including the following:

• The University of Oklahoma: Raymond has donated $100 million to the University of Oklahoma, his alma mater.
• The Mayo Clinic: Raymond has donated $50 million to the Mayo Clinic.
• The American Cancer Society: Raymond has donated $25 million to the American Cancer Society.

Lee Raymond is a successful businessman and philanthropist. He has earned a net worth of $1.1 billion through his career at Exxon and his business investments. He has also donated millions of dollars to charitable causes.

Lee Raymond’s Personal Life

Lee Raymond was born on March 19, 1942, in New York City. He is the son of John Raymond, a chemical engineer, and Mary Raymond. Raymond has two sisters, Susan and Jane.

Raymond attended the University of Notre Dame, where he earned a bachelor’s degree in chemical engineering in 1964. He then went on to earn a master’s degree in business administration from Harvard Business School in 1966.

Raymond married his wife, Susan, in 1967. They have two children, a son and a daughter.

Lee Raymond’s Education

Raymond attended the University of Notre Dame, where he earned a bachelor’s degree in chemical engineering in 1964. He then went on to earn a master’s degree in business administration from Harvard Business School in 1966.

Lee Raymond’s Awards and Honors

Raymond has received numerous awards and honors throughout his career, including:

• The Horatio Alger Award in 1994
• The National Medal of Technology in 1996
• The Presidential Medal of Freedom in 2005

Lee Raymond’s Legacy

Lee Raymond is considered one of the most influential figures in the oil industry. He led Exxon Mobil during a period of unprecedented growth, and he is credited with making the company one of the most profitable in the world.

Raymond’s legacy is also shaped by his role in climate change. He has been criticized for his support of the fossil fuel industry and his opposition to climate change policies. However, he has also been praised for his efforts to promote research on renewable energy technologies.

Overall, Lee Raymond is a complex and controversial figure. He is a brilliant businessman who led Exxon Mobil to great success, but he is also a climate change denier who has been accused of putting profits ahead of the planet.

Lee Raymond is a major figure in the history of the oil industry. His legacy is complex and controversial, but there is no doubt that he was a brilliant businessman and a major influence on the world economy.

Q: What is Lee Raymond’s net worth?
A: Lee Raymond’s net worth is estimated to be $1.1 billion.

Q: How did Lee Raymond make his money?
A: Lee Raymond made his money as the CEO of Exxon Mobil from 1999 to 2005.

Q: What is Lee Raymond’s salary?
A: Lee Raymond’s salary as CEO of Exxon Mobil was $40 million per year.

Q: What is Lee Raymond’s philanthropy?
A: Lee Raymond has donated over $100 million to various charities.

Q: What is Lee Raymond’s legacy?
A: Lee Raymond is considered one of the most successful CEOs in history. He is credited with turning Exxon Mobil into one of the world’s largest and most profitable companies.

Lee Raymond’s net worth is estimated to be $4.4 billion. He is the former chairman and CEO of Exxon Mobil Corporation. Raymond was born in 1942 in Carthage, Texas. He earned a bachelor’s degree in chemical engineering from Texas A&M University in 1963. He then went on to earn an MBA from Harvard Business School in 1966.

Raymond began his career with Exxon in 1966. He held various positions in the company, including president of Exxon Chemical Company and vice president of Exxon Corporation. In 1993, he was named CEO of Exxon. He served as CEO until 2005, when he retired.

During Raymond’s tenure as CEO, Exxon Mobil Corporation grew to become one of the largest companies in the world. The company’s stock price also increased significantly during his time as CEO.

Raymond is a major philanthropist. He has donated millions of dollars to various charities, including the University of Texas MD Anderson Cancer Center and the University of Texas at Austin.

Raymond is married to Margy Raymond. They have two children.

Lee Raymond is a successful businessman and philanthropist. He has made a significant contribution to the world through his work with Exxon Mobil Corporation and his philanthropic endeavors.