BillionaireNet
Wilks
F
Rank #2094
UNITED STATESEnergyNatural gas

Farris Wilks

Net Worth
$1.84B
+0.23% (24h)
Farris Wilks is a 73-year-old American businessman and entrepreneur, known for co-founding Frac Tech, a hydraulic fracturing company, with his brother Dan. His source of wealth stems primarily from the natural gas industry. Wilks is the current pastor and bishop of the Assembly of Yahweh (7th day) church. Despite humble beginnings, he and his brother built a business empire. Farris Wilks's net worth is estimated to be $1.8 billion.

The Full Dossier

Early Life

Farris Wilks was born in Cisco, Texas. He and his brother Dan grew up in poverty, the sons of a bricklayer. Their early life involved sleeping in a goat shed.

Rise to Success

The Wilks brothers started their careers in masonry, founding Wilks Masonry in 1995. They then identified an opportunity in the hydraulic fracturing industry, establishing Frac Tech in 2002. The company quickly grew into a major player in North America. In 2011, they sold their 70% interest in Frac Tech to a partnership led by Temasek Holdings for $3.5 billion.

Key Business Strategies

The brothers' success was driven by their ability to capitalize on the shale boom through Frac Tech. They invested in the oil and gas sector, including U.S. Well Services and Dawson Geophysical Company. Furthermore, they've acquired significant land holdings, becoming major landowners in the United States.

Philanthropy

Farris Wilks, through The Thirteen Foundation, has contributed millions to various conservative and religious groups, including the Heritage Foundation, Family Research Council, and Focus on the Family. The Heavenly Father's Foundation, run by his brother Dan, supports similar causes.

Career Timeline

2011

Sold Frac Tech

Sold their 70% interest in Frac Tech for $3.5 billion.

2002

Founded Frac Tech

Co-founded Frac Tech, a hydraulic fracturing company.

1995

Founded Wilks Masonry

Co-founded Wilks Masonry with his brother Dan, a construction company.

Philanthropic Impact

Religious and Conservative CausesMillions

The Thirteen Foundation

Supports conservative and religious causes.

Wealth Trajectory