Rex Tillerson is an American diplomat, businessman, civil engineer, and former energy executive who served as the 69th United States Secretary of State under President Trump. Tillerson was fired from his position of Secretary of State on March 13, 2018. since February 1, 2017, under President Donald Trump. Tillerson was replaced by CIA director Mike Pompeo.
Rex Tillerson Net Worth 2018: $310 Million
Rex Tillerson, the former chairman and chief executive of ExxonMobil and Secretary of State has a reported estimated net worth of approximately $310 million.
Tillerson joined Exxon in 1975 and served as chairman and chief executive of ExxonMobil from 2006 to 2017.
Rex Tillerson’s Business Career
Tillerson received a bachelor’s degree in civil engineering from the University of Texas at Austin. He is a member of the National Academy of Engineering.
By 1989 he had become general manager of the Exxon USA central production division.
In 1995 he became president of Exxon Yemen Inc. and Esso Exploration and Production Khorat Inc.
In 2006 Tillerson was elected chair and chief executive officer of Exxon, the world’s sixth largest company by revenue.
From 2010 to 2012, Tillerson was the national president of the Boy Scouts, its highest non-executive position.
In 2012, Tillerson’s compensation package was $40.5 million. It was $28.1 million in 2013, $33.1 million in 2014, and $27.2 million in 2015. In late 2016, Tillerson held $54 million of Exxon stock and had a right to deferred stock worth approximately $180 million over the next 10 years.
In 2016, he was named No. 24 on Forbes’ List of Powerful People.
Tillerson retired from Exxon in January of 2017.
Rex Tillerson’s Political Career
Tillerson served as the 69th United States Secretary for State from January 20, 2017 to March 13, 2018, being fired by President Trump just over a year into the job. Rex was replaced by CIA director Mike Pompeo the same day he was fired.