Known to be the creator and owner of Mitchell Energy, George Mitchell is an American philanthropist, businessman and real estate developer with and estimated net worth of $2 billion.
George Mitchell Net Worth $2 Billion
Of Greek lineage, George Mitchell attended Texas A&M University where he completed his degree on Oil Engineering. Soon, he founded the Mitchell Energy & Development Corp.. In 1980s and 1990s, flat drilling of natural gas technology was introduced, so when joined with rock hydraulic fracturing, extraction of all-natural oils from shale stone formations becomes possible. The technology instantaneously became a significant hit in America as it enabled the nation to become less dependent on foreign sources of energy. Through time, extraction from shale stone formations spread widely even to outside of USA.
After Mitchell Energy, George Mitchell pursued a career on property developing. He developed The Woodlands which became the home of 97,000 as of 2010. When completely grown, the place would accommodate 13,000 people.