Richard Kinder Net Worth – How Much is Kinder Worth?

Richard Kinder, the co-founder and executive chairman of Kinder Morgan Inc., is one of the wealthiest individuals in the United States. With his success in the energy and pipeline industry, Richard Kinder has amassed a significant net worth that has placed him among the richest people in the country.

Key Takeaways:

Richard Kinder is the co-founder and executive chairman of Kinder Morgan Inc., a leading energy and pipeline corporation.
He has an estimated net worth of $11 billion, making him one of the richest individuals in the United States.
Richard Kinder started his career in the energy business and later co-founded Kinder Morgan, which became the largest midstream energy company in North America.
Through the Kinder Foundation, Richard Kinder and his wife Nancy have made significant philanthropic contributions to Houston’s community development, education, and cultural institutions.
Richard Kinder has been recognized for his wealth and business success, consistently appearing on Forbes’ list of the richest people in America.

Early Life and Education

Richard Kinder, born on October 19, 1944, hails from Cape Girardeau, Missouri. He attended the prestigious University of Missouri, where he obtained a Bachelor of Arts degree in 1966 followed by a Juris Doctor degree in 1968. During his time at the university, Kinder was a member of the esteemed Sigma Nu fraternity, fostering lifelong friendships and connections.

Kinder’s education at the University of Missouri provided him with a solid academic foundation and equipped him with the necessary knowledge and skills to navigate the corporate world. His education played a crucial role in shaping his career path and laying the groundwork for his future success in the energy industry.

University of Missouri

The University of Missouri, commonly referred to as Mizzou, is a public research university located in Columbia, Missouri. With a rich history spanning over 180 years, the university is known for its strong academic programs and diverse student body. It offers a wide range of undergraduate and graduate degrees across various fields of study, attracting students from all over the world.

“My time at the University of Missouri allowed me to develop a deep understanding of the complexities of the business world and fostered my passion for entrepreneurship.” – Richard Kinder

As an alumnus of the University of Missouri, Richard Kinder has remained actively involved with his alma mater, supporting educational initiatives and contributing to the university’s continued growth and success.

Career in the Energy Business

Richard Kinder’s career in the energy business has been marked by success and innovation. After starting as an attorney with Florida Gas Transmission, he went on to co-found Kinder Morgan, a pipeline company that would become the largest midstream energy company in North America. This marked a significant turning point in Kinder’s professional journey.

During his time at Kinder Morgan, Richard Kinder spearheaded a series of acquisitions and mergers that propelled the company to new heights. One of the most notable acquisitions was Enron Liquids Pipeline, which was purchased for $40 million. This strategic move helped solidify Kinder Morgan’s position in the industry and set the stage for future growth and success.

Through his leadership and vision, Richard Kinder transformed Kinder Morgan into a powerhouse in the energy sector. The company’s extensive network of pipelines and terminals plays a crucial role in transporting and storing various energy products, including natural gas, crude oil, and refined petroleum products. This has enabled Kinder Morgan to contribute significantly to the energy infrastructure of North America and support the region’s energy needs.

Table: Key Milestones in Richard Kinder’s Career

Year
Event

1996
Co-founded Kinder Morgan

1997
Purchased Enron Liquids Pipeline

2007
Merged with Terasen Inc., expanding operations in Canada

2012
Completed the acquisition of El Paso Corporation, further strengthening Kinder Morgan’s position

2014
Formed Kinder Morgan Inc., consolidating the company’s various entities

These key milestones highlight Richard Kinder’s strategic decision-making and his ability to navigate the complex and ever-changing energy industry. Throughout his career, he has been instrumental in shaping the landscape of midstream energy and establishing Kinder Morgan as a leader in the field.

Philanthropic Endeavors

Richard Kinder and his wife Nancy are renowned for their philanthropic efforts, particularly through the establishment of the Kinder Foundation. The foundation is dedicated to supporting Greater Houston as a model city for economic growth and quality of life. Through their generous donations, they have made a significant impact on various organizations and initiatives in the region.

One key area of focus for the Kinder Foundation is Houston’s parks. They have made substantial contributions to the Houston Parks Board, aiming to enhance urban green spaces and create recreational areas for the community. These efforts have played a crucial role in improving the quality of life in Houston, providing residents with accessible and well-maintained parks.

Education is another sector that Richard Kinder and the Kinder Foundation actively support. They have provided grants to institutions such as Rice University, fostering educational opportunities for students in the region. Additionally, they have contributed to the establishment of the Kinder Institute on Constitutional Democracy at the University of Missouri, promoting the study of democracy and constitutional principles.

Impact on Houston Parks

Richard Kinder’s philanthropy has had a transformative effect on Houston’s parks. Through the Kinder Foundation, he has supported projects such as the Bayou Greenways 2020 initiative, which aims to connect greenspaces along Houston’s bayous. Their donation of $50 million to the Houston Parks Board has helped create a network of trails and parks that enhance the city’s recreational opportunities and promote a healthier lifestyle for residents.

Support for Educational Institutions

In addition to their contributions to parks, Richard Kinder and the Kinder Foundation have made significant investments in educational institutions. One notable example is their support of the Museum of Fine Arts, Houston. Their generous donation of $50 million has facilitated the redevelopment of the museum’s campus, allowing for expanded art collections and enhanced visitor experiences.

Furthermore, the Kinder Foundation has provided grants to Rice University, enabling the university to strengthen its programs and provide scholarships to deserving students. Through their support for education, Richard Kinder and his foundation are empowering individuals with the knowledge and skills they need to succeed.

The Kinder Foundation’s philanthropic endeavors in Houston extend beyond parks and education. They have also played an important role in community development and preservation, particularly in Houston’s historic Third Ward. By investing in revitalization efforts, they are contributing to the preservation of Houston’s cultural heritage and fostering vibrant communities.

Organization
Focus Area
Contribution

Houston Parks Board
Urban green spaces
$50 million for Bayou Greenways 2020 Project

Museum of Fine Arts, Houston
Art and culture
$50 million for campus redevelopment

Rice University
Education
Grants and funding for programs and scholarships

Through their philanthropy, Richard Kinder and the Kinder Foundation are making a lasting impact on the city of Houston. Whether it is through the improvement of parks, the support of educational institutions, or the preservation of communities, their contributions are helping to create a better future for Houston and its residents.

Richard Kinder’s Personal Life

Richard Kinder, the billionaire businessman and philanthropist, has had an eventful personal life that includes marriages, divorce, and a current residence in Houston, Texas. Let’s take a closer look at this aspect of his life.

Richard Kinder was first married before his success with Kinder Morgan. He has one child from his previous marriage, although further details about his first wife and child remain private. In 1996, the same year he left Enron Corporation, Richard divorced his first wife and went on to marry Nancy McNeil the following year. The couple has been together ever since, and their marriage has stood the test of time.

Richard Kinder now resides in Houston, Texas, where he has established deep roots within the community. As a prominent figure in the city, he is known for his philanthropic efforts and contributions to causes that improve the quality of life for Houstonians. His residence in Houston further demonstrates his commitment to the city he calls home.

Key Points:

Richard Kinder was previously married before marrying Nancy McNeil.
He has one child from his previous marriage.
Richard currently resides in Houston, Texas.
His commitment to the city is evident through his philanthropic endeavors.

Marriages
Divorce
Residence

Richard Kinder has been married twice.
He divorced in 1996.
He currently resides in Houston, Texas.

His first wife and child remain private.

Richard Kinder married Nancy McNeil in 1997.

Recognition and Rankings

Richard Kinder’s business success and wealth have earned him recognition and rankings among the richest people in America. Forbes, a renowned business magazine, has featured Richard Kinder on its list of the wealthiest individuals in the United States.

In 2014, Richard Kinder was ranked among the top billionaires in the country, with an estimated net worth of $11 billion. This ranking highlights his significant financial achievements and positions him as one of the most prosperous individuals in America.

Being listed on the Forbes 400 list, Richard Kinder is recognized for his immense wealth and contributions to the business world. This prestigious list showcases the wealthiest individuals in the United States and serves as a testament to Richard Kinder’s success as a businessman and entrepreneur.

Richard Kinder’s inclusion on the Forbes 400 list reflects his remarkable financial accomplishments and solidifies his status as one of the richest people in America. His business ventures and leadership in Kinder Morgan Inc. have propelled him to the forefront of the energy and pipeline industry, making him a prominent figure in the business world.

Kinder Foundation’s Transformation Grants

The Kinder Foundation, founded by Richard Kinder and his wife Nancy, has been instrumental in supporting Greater Houston as a model city for economic growth and quality of life. The foundation provides transformation grants that focus on key areas such as urban green space, education, and overall improvement of the city’s quality of life.

One of the notable beneficiaries of the Kinder Foundation’s grants is Rice University, which has received significant funding for various educational initiatives. The foundation’s support has enabled the university to enhance its programs and create new opportunities for students.

Richard Kinder and the Kinder Foundation have demonstrated a strong commitment to improving the cultural landscape of Houston. Their contributions have made a profound impact on the growth and development of the Museum of Fine Arts, Houston, and the redevelopment of its campus.

The Kinder Foundation’s dedication to urban green space is evident in its support of the Houston Parks Board. The foundation has provided substantial funding for projects such as the Bayou Greenways 2020 Project, which aims to connect greenspaces along Houston’s bayous and create more parkland for the community to enjoy. These initiatives play a vital role in enhancing the overall quality of life for Houstonians.

Table: Transformation Grants

Beneficiary
Grant Purpose

Rice University
Funding for educational initiatives and program enhancements

Houston Parks Board
Support for urban green space projects, including the Bayou Greenways 2020 Project

Museum of Fine Arts, Houston
Significant contributions for redevelopment and improvement of the museum’s campus

Through their generous grants, Richard Kinder and the Kinder Foundation are making a lasting impact on Houston’s education system, parks, and cultural institutions. Their dedication to improving urban green spaces and enriching the lives of Houstonians has contributed to the city’s reputation as a model for economic growth and quality of life.

Table: Impact of Bayou Greenways 2020 Project

Benefit
Description

Enhanced Connectivity
The project has created a network of trails and green spaces, making it easier for people to navigate the city and enjoy nature.

Improved Quality of Life
Access to parks and outdoor recreational activities contributes to a healthier and more vibrant community.

Economic Impact
The project has attracted visitors, increased property values, and stimulated local businesses.

Environmental Conservation
The preservation and restoration of natural habitats along the bayous benefit wildlife and contribute to overall ecological sustainability.

Richard Kinder’s support for the Bayou Greenways 2020 Project exemplifies his dedication to creating a more livable and sustainable city. By investing in Houston’s parks and greenspaces, he is leaving a lasting legacy that will benefit generations to come.

Impact on Houston’s Cultural Institutions

‘Richard Kinder and the Kinder Foundation have played a crucial role in the growth and development of Houston’s cultural institutions.’

Richard Kinder’s philanthropy extends to the cultural sector in Houston, with significant contributions made to the Museum of Fine Arts, Houston, and Rice University. The Kinder Foundation has donated $50 million towards the redevelopment of the Museum of Fine Arts campus, creating a transformative impact on the city’s art scene. This generous contribution provides opportunities for expanded exhibitions, enhanced visitor experiences, and increased community engagement.

“Our goal is to enrich the cultural fabric of Houston and ensure that our city is a thriving center for the arts.” – Richard Kinder

Rice University has also benefited from Richard Kinder’s support, receiving grants and funding for educational initiatives. These contributions further the university’s mission of academic excellence and innovation. The Kinder Foundation’s commitment to education extends beyond the university level, with a focus on providing opportunities for students at all levels of education.

The impact of Richard Kinder and the Kinder Foundation on Houston’s cultural institutions cannot be overstated. Their dedication to preserving and enhancing the city’s artistic and educational offerings has left a lasting legacy for future generations to enjoy.

Kinder Foundation’s Contribution to the Museum of Fine Arts, Houston

The Kinder Foundation’s $50 million donation to the Museum of Fine Arts, Houston has paved the way for an ambitious redevelopment project. This transformative initiative will enhance the museum’s facilities, expand its exhibition spaces, and provide a platform for a diverse range of artistic expressions. The redesigned campus will create a vibrant cultural hub for the Houston community and attract visitors from around the world.

Kinder Foundation’s Support for Rice University

Rice University has received generous support from Richard Kinder and the Kinder Foundation. Through grants and funding, they have helped establish programs and initiatives that foster academic growth and innovation. Their contributions have enabled Rice University to provide enhanced educational opportunities and create an environment conducive to intellectual exploration.

Urban Greenspace Initiatives

Richard Kinder and the Kinder Foundation have been at the forefront of initiatives to create and enhance urban greenspaces in Houston. Recognizing the importance of providing residents with accessible and beautiful outdoor spaces, they have made significant contributions to several prominent parks in the city.

Discovery Green

One such contribution is the establishment of Discovery Green, a vibrant and diverse park located in downtown Houston. Richard Kinder and the Kinder Foundation were among the philanthropists who founded this urban oasis, which spans over 12 acres. Discovery Green serves as a gathering place for the community, hosting numerous events, concerts, and art installations throughout the year.

Buffalo Bayou Park

Richard Kinder and the Kinder Foundation have also played a crucial role in the revitalization of Buffalo Bayou Park. Their support has helped transform this iconic waterfront park into a stunning and multi-faceted destination. With expansive green spaces, trails, and recreational amenities, Buffalo Bayou Park offers residents and visitors alike the opportunity to connect with nature and enjoy the beauty of Houston’s natural landscapes.

Memorial Park

Furthermore, Richard Kinder and the Kinder Foundation have contributed to the improvement and expansion of Memorial Park, one of Houston’s largest and most beloved green spaces. Their support has allowed for the development of new recreational facilities, including a state-of-the-art land bridge that connects different sections of the park. Memorial Park serves as a haven for outdoor enthusiasts, offering a plethora of activities such as hiking, biking, and picnicking.

Support for Education

Richard Kinder and the Kinder Foundation have demonstrated their commitment to education through significant grants to several institutions. One notable recipient is the University of Missouri, which received a generous donation of $25 million from the foundation. This substantial grant was used to establish the Kinder Institute on Constitutional Democracy, a center dedicated to promoting a deeper understanding of constitutional principles and democratic governance.

The Kinder Institute on Constitutional Democracy offers a range of educational opportunities for undergraduate and graduate students. Through this institute, students can engage in research, internships, and interdisciplinary programs that explore the intricacies of constitutional law, democratic processes, and political theory. The establishment of this institute has greatly enriched the educational landscape at the University of Missouri, attracting both scholars and students passionate about the study of constitutional democracy.

“We believe that education is the foundation for a well-functioning society. By supporting institutions like the University of Missouri and initiatives such as the Kinder Institute on Constitutional Democracy, we aim to foster critical thinking, civic engagement, and intellectual exploration.” – Richard Kinder

Aside from the University of Missouri, the Kinder Foundation has also provided grants to other educational institutions, further bolstering access to quality education. These donations have had a transformative impact, empowering students and educators alike to pursue knowledge, expand their horizons, and contribute positively to society. Richard Kinder’s dedication to education reflects his belief in its power to shape individuals, communities, and the future at large.

Institution
Amount Donated
Initiative

University of Missouri
$25 million
Kinder Institute on Constitutional Democracy

Rice University
Undisclosed
Program Enhancements

Other Educational Institutions
Varies
Various Initiatives

Richard Kinder’s commitment to supporting education is a testament to his belief in fostering intellectual growth and empowering future generations. Through the Kinder Foundation, he continues to make a significant impact on the educational landscape, ensuring that students have access to the resources and opportunities they need to thrive.

Political Activities

Richard Kinder, in addition to his business endeavors, has also played an active role in politics. Known for his Republican affiliation, Kinder has been a vocal supporter of various political campaigns throughout the years.

He has campaigned for notable Republican figures such as Jeb Bush, Kay Bailey Hutchison, and Tom DeLay. Kinder’s involvement in political campaigns demonstrates his commitment to advancing conservative principles and supporting candidates who align with his beliefs.

From his support for the Bush-Quayle and Bush-Cheney campaigns to his advocacy for John McCain, Richard Kinder has consistently shown his dedication to Republican candidates and their platforms.

Furthermore, his efforts extend beyond national politics as he actively campaigned for Kay Bailey Hutchison’s Senate campaign and Tom DeLay’s Congressional campaign, showcasing his commitment to local Republican candidates as well.

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