Aubrey Kerr McClendon was born on July 14, 1959 in Oklahoma City. An American businessman of great repute, McClendon was known in Energy circles for leading American Energy Partners as its CEO.
Also on his impressive CV is the title of CEO and Chairman while at Chesapeake Energy. McClendon was known to be a major proponent of Natural gas as a green alternative for oil and coal. Let’s find out more about how much is Aubrey McClendon’s net worth in 2019.
He co-owned the NBA team Oklahoma City Thunder, whilst also supporting charitable causes and giving back to society by donating to several Non-Government and Non-Profit Organizations. He had stakes in multiple enterprises such as businesses, restaurants, and real estate holdings.
The year 2008 saw him being recognized as the highest paid CEO amongst all existing S&P 500 Companies. His pay came up to $112 Million that year. He died of a vehicular accident the very next day after getting indicted on charges on rigging bids for the purchase of oil and natural gas leases in Oklahoma. Media speculation points at vehicular suicide, taking into consideration that he wasn’t wearing a seatbelt, and it looked like he drove right into a wall without any signs of veering.
McClendon resided in Oklahoma City with wife Katie whom he married in the year 1981, having three children Will, Jack and Callie. His wine collection includes well over 100,000 bottles and also has a large collection of antique maps of Okhlahoma.
McClendon founded Chesapeake Energy Corporation along with Tom L. Ward. They utilized the not always agreed upon technique of fracking to extract oil from the earth by pumping in fluids to bring the crude oil up. This along with other cutting edge techniques to extract and process crude oil made him known as a visionary leader in the ONGC sector. The company did very well when it went public in the year 1993, and in three years the stocks went up almost 3 times in value according to the Wall Street Journal.
He, being a proponent of Natural gas made him set up the American Energy Partners LP or AELP along with others. This was a privately owned gas company based out of Oklahoma City.
Awards & Achievements
Aubrey was inducted into the Oklahoma Heritage Foundation’s Oklahoma Hall of Fame in 2007, was awarded the Chief Roughneck Award, United States Steel Corporation 2010 and also was given the Ernst & Young National Entrepreneur of The Year in Energy 2011.
Net Worth of Aubrey McClendon
Aubrey McClendon’s net worth is high, to the tune of $500 Million at the time of his passing. His various stock holdings which includes but is not limited to the various Oil and Natural Gas companies, his co-owned sports team and more all contributed towards his massive net worth.
While McClendon proved to be an influential and important person in the Oil business, some environmental critics stated that his employment and promotion of the brand new technique of fracking is fraught with danger with regard to the environment. But McClendon will always be remembered for his great management skills and visionary ideas during his time. He is known to have rewarded anyone in his employment with great ideas, which is a large part of what made him a great leader. Aubrey makes an excellent role model for aspiring entrepreneurs to follow. His management style and impeccable business results make him the envy of many a business man even till date. All said and done, Aubrey is a great person to be emulated and followed and has left an indelible mark on this world.