Richard E. Rainwater is a billionaire investor and fund manager. After graduating from Stanford Business School, he landed a job as an investment banker, but soon accepted an invitation from former Stanford classmate Sid Bass to manage and diversify the Bass family portfolio. Rainwater became the chief financial architect for the Bass family investments. He later sought a more methodical investment strategy by speaking to investors like Warren Buffett and Charles Allen, Jr., while also studying the work of Benjamin Graham and David Dodd.
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. He has been called a "capitalist cowboy for the '90s, leading the way into new frontiers of finance."
Rainwater is married to financier Darla Moore andhas been profiled by John Train in the book Money Masters of Our Time. His net worth is $2.5 billion, making him the 368th richest person in the world.
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