Clayton Riddell Net Worth is$3.1 Billion
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Profession: Geologist

Country: Canada

Clayton Riddell net worth: Clayton Riddell is the founder, president and CEO of Calgary, Alberta based Paramount Resources who has a net worth of $3.1 billion. Having graduated with a Bachelor of Science (Honors) in Geology from the University of Manitoba, Riddell started his career as a geologist with Chevron in 1959. After ten years, Clayton aka "Clay" left Chevron to start his own business, C.H. Riddell Geological Consultants Ltd. Then in 1974, Clay established his private firm Paramount Oil & Gas Ltd. Four years later, he decided to incorporate Paramount Resources Ltd., plus he sold 40% of the company to the public in an IPO, raising $5 million. Even though he has stakes in more than five Canadian energy companies, his major investment is still Paramount Resources, which assumed total control of ProspEx Resources in April 2011. Also, Riddell owns a partial stake in the Calgary Flames, as well as high-end Calgary restaurant Catch. Among other things, Clay was named president of the Canadian Society of Petroleum Geologists and chair of the Canadian Association of Petroleum Producers.
Clayton (Clay) H. Riddell, OC (born 1936 or 1937) is the founder, president and CEO of Calgary, Alberta based Paramount Resources. He graduated with a Bachelor of Science (Honours) in Geology from the University of Manitoba. He also is part owner of the Calgary Flames and high-end Calgary restaurant Catch. With an estimated net worth of $US 2.5 billion (as of March 2011), Riddell was ranked by Forbes as the 12th wealthiest Canadian and 459th in the world.
Riddell was a president of the Canadian Society of Petroleum Geologists and Chair of the Canadian Association of Petroleum Producers.
The Clayton H. Riddell Faculty of Environment, Earth, and Resources at the University of Manitoba is named in honour. Riddell donated $10-million in order to create an endowment fund for the faculty. The faculty combines the Department of Environment and Geography, the Department of Geological Sciences and the Natural Resources Institute.
In 2008, he was made an Officer of the Order of Canada. In May 2010, Carleton University announced the creation of Canada's first graduate program in political management, made possible by Riddell's donation. Riddell made the largest donation in Carleton's history, making the creation of the program possible.
Also owns Perpetual Energy Inc, Trilogy Energy Trust, and MGM energy.

Clayton Riddell Latest News

Carleton's $15M political school has secret funding deal

The Clayton H. Riddell Graduate Program in Political Management was launched in October 2010 to much fanfare, with Reform party founder Manning — and the Manning Centre for Building Democracy — front and centre. "Raising the bar of democratic ...
Posted: June 18, 2012, 2:28 am

Perpetual Energy offers its assets to counties to cover property tax bills

Perpetual, a junior company controlled by oilpatch tycoon Clayton Riddell, said its $41,500 tax bill from Athabasca County would swallow up all of its cash flow generated by oil and gas reserves in the municipality. Sue Riddell Rose, the company’s ...
Posted: August 17, 2016, 11:06 pm

Carleton University renegotiating $15M donor deal as teachers' group slams 'unprecedented' terms

The concession comes as the Canadian Association of University Teachers, or CAUT, prepares a broadside at what it calls “unprecedented and unacceptable” provisions in Carleton’s secret deal with Calgary businessman Clayton Riddell. The latest ...
Posted: July 12, 2012, 3:06 am

Paramount Resources has the opportunity to remake itself, it just has to figure out what it wants to be

Since 1978 when Clayton Riddell founded Paramount Resources, the company has executed a unique, almost shape-shifting strategy of completing initial stage acquisition and delineation of an asset then disposing of it to a different entity to execute ...
Posted: October 6, 2016, 12:25 am

‘Cell’ Trailer: Samuel L. Jackson and John Cusack Star In Stephen King Movie

Now, there’s an upcoming adaptation of his 2006 novel “Cell” about New England artist Clayton Riddell trying to reunite with his family after a mysterious signal on the global cell network turns the majority of the population into deranged ...
Posted: April 26, 2016, 8:29 am
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