Business Leaders, Businessman

The Philanthropy of Tony Petrello

Tony Petrello has a reputation for being very generous with his vast wealth. Many of his charitable acts have been directed towards research for children’s diseases. There is a very good reason for this. His own daughter is afflicted with a very serious brain disorder that has kept her from living a normal life. Tony has become involved with many children’s hospitals where he lives in Houston. He has been one of the largest financial donors to these hospitals over the past 20 years. It is because of his enormous generosity that these hospitals and labs can continue their research that will hopefully lead to finding cure for the terrible diseases that afflict children.

Tony Petrellois able to donate millions of dollars to children’s hospitals because he makes more money on an annual basis than any other CEO in the United States. Tony is in charge of Nabors Industries. This is a company that is one of the industry leaders when it comes to drilling for natural gas and oil on land. The company was originally formed in the 1960s. It grew to become a very large force in the industry in the 1970s. However, profits started to decline drastically a decade later. In the early 1990s, Tony Petrello was asked to become the new CEO of the company. He brought the company back to its former glory. He was able to do this because he has very good business instincts.

Tony Petrello has a pair of Yale math degrees and a juris doctor from Harvard. He worked as an attorney based in New York for more than a decade. He was very successful in this profession. He was satisfied in his career and was not looking to go into a different line of work. However, he was contacted by the people who were in charge of Nabors. They made Tony an offer that he would have been a fool to turn down. The arrangement has worked very well for both sides. Nabors has flourished under the leadership of Petrello. Meanwhile, Tony has become an extremely wealthy man.

The philanthropy of Tony Petrello has received a great deal of attention because of the large sums of money he has donated. Nabors is continuing to make huge profits under his leadership. Petrello has said that he has no plans to retire. He said that he is blessed to have a job he loves.

Read More: www.inc.com/profile/nabors-industries