T. Boone Pickens

Thomas Boone Pickens Jr. (May 22, 1928 – September 11, 2019) was an American business magnate and financier. Pickens chaired the hedge fund BP Capital Management. He was a well-known takeover operator and corporate raider during the 1980s. Later in life, he was a prominent conservative activist and philanthropist. At the time of Pickens' death in 2019, his net worth stood at $500 million, after he had given away more than $1 billion to various philanthropic causes.

Early life

Pickens was born in Holdenville, Oklahoma, the son of Grace Marcaline (née Molonson), and Thomas Boone Sibley Pickens. 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 three counties. Pickens was the first child born via Caesarean section in the history of Holdenville hospital. His great-great-grandfather was politician Ezekiel Pickens, who was Lieutenant Governor of South Carolina.

At age 12, Pickens delivered newspapers. He quickly expanded his paper 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 in life.

When the oil boom in Oklahoma ended in the late 1930s, Pickens' family moved to Amarillo, Texas. Pickens attended Texas A&M on a basketball scholarship, but was cut from the team and lost the scholarship and transferred to Oklahoma A&M (now Oklahoma State University), where he majored in geology. He was a member of the Sigma Alpha Epsilon fraternity. He graduated from Oklahoma A&M with a degree in geology in 1951. Following his graduation, Pickens was employed by Phillips Petroleum. He worked for Phillips until 1954. In 1956, following his period as a wildcatter, he founded the company that would later become Mesa Petroleum.