LONDON, Aug. 19, 2014 /CNW/ - Oil & Gas IQ (http://www.OilandGasIQ.com), a leading online resource and community for the Oil and Gas industry has published its list of the top twenty richest people and families in the oil and gas sector.
The list was researched and authored by Sumit Dutta, writer of the Oil & Gas IQ Biggest Companies in Oil & Gas eBook.
There are over 1,600 billionaires globally and a significant proportion of them are involved in oil, gas and its related industries.
As the world exits the economic downturn some figures in oil and gas have benefited more than most. As revealed in the study, two key factors in the rise from businessperson to baron are a diversified portfolio and astute timing. The continued rise and growth of the Russian market has also seen a number of its citizens make the jump in to the super-rich category.
The study reveals who are the twenty richest people in the industry and offers concise profiles explaining how these individuals have built their empires. The feature also highlights personal statistics, geographical summaries and notes whether they are self-made or inherited their wealth.
"Although an increasing number of oil and gas companies are falling into the state owned set, there are still a vast number of individuals who continue to benefit in a big way from oil and gas. The combined wealth of the top twenty individuals in this study is an astounding $289.7 billion. As pointed out in the study that is enough to purchase outright some of the world's biggest companies including the likes of Chevron, Intel and GSK. One interesting detail to emerge is the number of connections between the entrants on the list. It's also remarkable that over half of the entrants on the list are self-made - certainly something to inspire us all!" said author Sumit Dut ta.
The full list and in-depth profiles can be found exclusively at Oil & Gas IQ
Read the full The Oil & Gas Rich List 2014: The 20 Richest People In The Industry here.
About Oil & Gas IQ
Oil and Gas IQ is a leading information based portal dedicated to the promotion of oil and gas industry developments and the continued learning of its 100,000 plus members. Led by over 100 technical and strategic events across Europe, Asia, the US and the Middle East every year Oil and Gas IQ educate over 5,000 strategic and practical executives annually.
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SOURCE: Oil & Gas IQ