This month, I have been writing a series of 'good news' articles looking at people who have been generous in giving back to their community. This includes entrepreneurs, business leaders, and entertainers. Leading into Christmas, it is nice to read positive articles.
Today I wanted to shine the spotlight on the richest person in Houston- Jeffery Hildebrand. Let's take a quick look at his story.
The richest person in Houston
Jeffery Hildebrand was born in Houston in 1959.
He received a bachelor's degree in geology in 1981 and a master's degree in petroleum engineering in 1985, both from the University of Texas at Austin. He worked for several oil companies, including Exxon, before founding Hilcorp- an oil and gas exploration and production company in 1990.
He bought out his partner in 2003 for $500 million, a wise move as he has built Hilcorp into America's biggest privately owned oil company. Hilcorp acquired BP's assets in Alaska two years ago for $5.6 billion.
Hildebrand is a generous boss- as evidenced by an extraordinary act in 2015. To thank all his 1,381 employees for helping grow his business, he gave each employee a $100,000 bonus.
This bonus was given to every employee regardless of their position.
Hildebrand has a net worth of $12.7 billion, making him the richest person in Houston, and he has been generous in giving back to the community.
In addition to his generosity to employees, Hildebrand has also made many significant donations to community organizations.
Together with his wife Mindy, he formed the Hildebrand Foundation. Hildebrand prefers to assist faith-based organizations, especially ones in the Houston area, and he likes to support organizations that serve the poor and needy and range from $5000 to $10 million.
Additionally, he has made sizable contributions to the Houston Zoo and the Contemporary Arts Museum Complex. He has also donated $25 million to UT-Austin's highly-ranked petroleum and geosystems engineering department and funded a $32 million equestrian center at Texas A&M.
Application for grants can be made via his website.
What do you think of the generosity of the Hildebrands? What organizations in Houston do you think they should support?
Please leave your suggestions in the comment section below and also share this article with others so they can join the conversation.