Age, Biography and Wiki

Richard Rainwater (Richard Edward Rainwater) was born on 15 June, 1944 in Fort Worth, Texas, U.S., is an American investor and philanthropist (1944–2015). Discover Richard Rainwater's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 71 years old?

Popular As Richard Edward Rainwater
Occupation Investor<BR>Philanthropist
Age 71 years old
Zodiac Sign Gemini
Born 15 June, 1944
Birthday 15 June
Birthplace Fort Worth, Texas, U.S.
Date of death 27 September, 2015
Died Place Fort Worth, Texas, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 15 June. He is a member of famous businessman with the age 71 years old group.

Richard Rainwater Height, Weight & Measurements

At 71 years old, Richard Rainwater height not available right now. We will update Richard Rainwater's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Richard Rainwater's Wife?

His wife is Karen Rainwater (1966-1991)
Darla Moore (m. 1991)

Family
Parents Not Available
Wife Karen Rainwater (1966-1991)
Darla Moore (m. 1991)
Sibling Not Available
Children 3

Richard Rainwater Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Richard Rainwater worth at the age of 71 years old? Richard Rainwater’s income source is mostly from being a successful businessman. He is from United States. We have estimated Richard Rainwater's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income businessman

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Timeline

1944

Richard Edward Rainwater (June 15, 1944 – September 27, 2015) was an American investor and philanthropist.

Richard Rainwater was born in Fort Worth, Texas, in 1944.

He grew up in a family of entrepreneurs and investors, and was exposed to the world of business and finance at an early age.

Rainwater's father, Sam, was a successful businessman and investor, who owned a number of companies in the Fort Worth area.

From a young age, Rainwater was exposed to the world of business and finance from his father.

His father started off as the owner of a wholesale grocery business and his mother was a clerk at J.C. Penney.

He is of Lebanese ancestry.

Rainwater graduated from R. L. Paschal High School.

1962

In 1962, he was initiated as a member of the Tau chapter of the Kappa Sigma fraternity at the University of Texas at Austin and in 1966, he graduated with a degree in mathematics.

1968

In 1968, he earned a Master of Business Administration from the Stanford Graduate School of Business.

From 1968 to 1970, Rainwater worked for Goldman Sachs.

1970

In 1970, Sid Bass, a classmate of Rainwater, invited him, then 26 years old, to manage the Bass family investments.

From 1970 to July 1986, Rainwater served as the chief investment advisor to the Bass family.

He was given $5 million to invest during his first year and managed to lose it all.

Rainwater then sought a more methodical investment strategy by studying investors including Warren Buffett, Benjamin Graham, and David Dodd.

1980

In the 1980s, he acquired a stake in the Bass family's oil and gas company, which he later sold for a significant profit.

He also invested in a number of other energy companies, including Pennzoil and Diamond Offshore Drilling, and generated significant returns for his investors.

In addition to his investments in the oil and gas industry, Rainwater was also involved in real estate.

He was instrumental in the development of the Las Colinas neighborhood in Irving, Texas, and helped to transform the area into a thriving business district.

He was also involved in the development of other real estate projects, including the Harbor Pointe office complex in Dallas and the Lincoln Plaza.

Notable investments by Rainwater included:

1986

Rainwater eventually transformed the Bass family fortune from $50 million into $5 billion, amassing $100 million for himself by the time he started investing his own capital in 1986.

In 1986, Rainwater joined forces with investor Sid Bass to form the investment firm Bass Brothers Enterprises.

Together, they made a number of successful investments, including a stake in the Walt Disney Company.

Rainwater's investment success earned him a reputation as a savvy and successful investor, and he was often sought after for his expertise and advice.

He was known for his ability to identify undervalued assets and create value through careful investment and strategic planning.

One of Rainwater's most successful investments was in the oil and gas industry.

1991

Rainwater's first marriage, to his high school sweetheart, Karen, ended in divorce in October 1991, after 25 years.

They had three children: Matthew, Todd, and Courtney.

In December 1991, 2 months after his divorce was finalized, Rainwater married financier Darla Moore and moved to Manhattan.

At that time, he took a year off.

Most of the time, he lived apart from his wife.

Rainwater often visited Canyon Ranch and acquired the spa via Crescent Real Estate.

1996

In 1996, he was recognized as Kappa Sigma Man of the Year.

2009

Between 2009 and his death in 2015, he suffered from progressive supranuclear palsy, a rare disease involving neurodegeneration.

During his lifetime, Rainwater donated over $380 million to charitable causes and left nearly all of his estate to his charitable foundation.

Rainwater grew up in Fort Worth, Texas.

2015

With an estimated net worth of $3 billion, he ranked 211th on the Forbes 400 in 2015.

His investing style was described as "analytically rigorous but opportunistic and Texas-sized in its audacity."

Rainwater was a mentor and early backer of investors including Eddie Lampert, Roger Staubach, and David Bonderman.