Investor and Fund Manager
National Kappa Sigma Man of the Year, 1996
Billionaire fund manager Richard Rainwater (Tau '63) rose to prominence in the world of finance as the chief financial architect for the Bass family investments, credited for increasing the family wealth to more than $5 billion in the 1980s.
Investing in more than 30 Texas companies throughout his career, he founded or co-founded firms including ENSCO International Incorporated, an oil field service and offshore drilling company in 1986; Columbia Hospital Corporation in 1988; Mid Ocean Limited, a provider of casualty re-insurance in 1992; and Crescent Real Estate Equities, Inc., in 1994. Fortune magazine described his investing style as "analytically rigorous but opportunistic and Texas-sized in audacity."
Rainwater grew up in Fort Worth and graduated from the University of Texas with a degree in mathematics. He earned an MBA from Stanford Business School.