Thomas Boone Pickens, Jr. (born May 22, 1928 in Holdenville, Oklahoma), known as T. Boone Pickens, is an American financier who chairs the hedge fund BP Capital Management. He was a well-known takeover operator and corporate raider during the 1980s. His takeovers put many independent oil producers out of business. With an estimated current net worth of about $3 billion, he is ranked by Forbes as the 117th-richest person in America and ranked 369t...
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Thomas Boone Pickens, Jr. (born May 22, 1928 in Holdenville, Oklahoma), known as T. Boone Pickens, is an American financier who chairs the hedge fund BP Capital Management. He was a well-known takeover operator and corporate raider during the 1980s. His takeovers put many independent oil producers out of business. With an estimated current net worth of about $3 billion, he is ranked by Forbes as the 117th-richest person in America and ranked 369th in the world.
His father worked as an oil and mineral landman (rights leaser). During World War II, his mother ran the local Office of Price Administration, rationing gasoline and other goods in four counties. Pickens was the first child born via Caesarean section in the history of Holdenville hospital.
At age 12, Pickens delivered newspapers. He quickly expanded his newspaper route from 28 papers to 156. Pickens later cited his boyhood job as an early introduction to "expanding quickly by acquisition," a business practice he favored later...
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