Michael S. Smith
$3.0B
Born
May 09, 1955
Age
70
Source of Wealth
Liquefied natural gas
Residence
Miami Beach, Florida
Citizenship
United States
Marital Status
Married
Children
2
Education
Drop Out, University of Colorado
- Smith raised more than $15 billion in debt to build three giant plants at Freeport, Texas to chill and export 15 million tons per year of liquefied natural gas -- equivalent to 2 billion cubic feet per day.
- He made his first fortune with oil and gas company Basin Exploration, which he sold in 2001 for $428 million.
- Enjoys homes in Miami Beach, Malibu and the Hamptons.
- Freeport LNG was originally envisioned as an LNG import terminal; when the shale gas boom arrived, Smith turned his strategy 180 degrees.
- He majored in chemistry at Colorado State University but dropped out just 6 credits shy of a degree to focus on skiing. Later donated $13 million.
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