Rise to a Multi-Million Dollar Fortune: Toby Rice’s Net Worth Journey
Toby Rice, CEO of EQT Corp., has amassed an impressive net worth of $26 million, a significant climb from his $1.47 million in 2015. This growth is attributed to his strategic leadership at EQT Corp., particularly with the 2020 acquisition of Chevron’s Appalachian assets.
EQT Ownership and Family Influence
Rice owns a substantial number of EQT Corp. shares, totaling 711,250. The Rice family collectively controls about 25% of EQT’s shares. Their wealth is diversified through investments beyond EQT, including special purpose acquisition companies (SPACs).
Educational Foundation: Rollins College
Rice earned his Bachelor’s degree in Economics from Rollins College in Florida. His time there fostered his interest in entrepreneurship, innovation, and leadership, shaping his business acumen.
Rice Brothers’ Dominance in the Energy Industry
The Rice brothers (Toby, Daniel IV, and Derek) control EQT, the largest natural gas producer in the US. Their 2017 sale of Rice Energy to EQT netted them $8.2 billion. Toby is President & CEO, Daniel is President & COO, and Derek is a Senior Vice President of EQT.