Rex Sinquefield is a well-known name in the world of finance and investment. As a successful businessman and philanthropist, he has made significant contributions to the industry and society. With his astute financial acumen and dedication, he has amassed a considerable net worth. This article overviews Rex Sinquefield Net Worth and career.
Quick Facts
| Fact | Details |
|---|---|
| Full Name | Rex Andrew Sinquefield |
| Popular Name | Rex Sinquefield |
| Gender | Male |
| Birth Date | September 7, 1944 |
| Age | 79 years old |
| Parents | Not available |
| Siblings | Not available |
| Birth Place | St. Louis, Missouri, US |
| Nationality | American |
| Ethnicity | Not known |
| Education | Bachelor’s degree in mathematics from the University of Missouri, Master’s degree in business administration from the University of Chicago |
| Marital Status | Married |
| Wife/Spouse | Jeanne Cairns Sinquefield |
| Children | Three children |
| Dating | Not available |
| Net Worth | $5 Million |
| Source of Wealth | Economist, businessman, investor, philanthropist |
| Height | Not available |
| Weight | Not available |
What is Rex Sinquefield’s Net Worth and Salary in 2023?
As of 2023, Rex Sinquefield’s net worth is estimated at $5 million. His wealth primarily comes from his successful career as an economist, businessman, and investor.
Sinquefield has significantly contributed to the financial industry, particularly through his investment company, Dimensional Fund Advisors (DFA). DFA manages assets worth over $600 billion, contributing to Sinquefield’s net worth.
Why is Rex Sinquefield Famous?
Rex Sinquefield is renowned for his remarkable achievements in the field of finance. He co-founded Dimensional Fund Advisors, one of the most prominent investment management firms globally.
As an advocate for free market principles, he played a pivotal role in transforming the investment landscape by promoting index investing and passive management strategies. Sinquefield’s influence in the financial industry has earned him widespread recognition and respect.
Rex Sinquefield Biography
Early Life
Rex Sinquefield was born on September 7, 1944, in St. Louis, Missouri. At a young age, he faced challenges, including dealing with cleft palates and losing his father. Despite these obstacles, Sinquefield persevered and went on to achieve great success.
Education
Sinquefield graduated from Bishop DuBourg High School in 1962. He then pursued his higher education at Cardinal Glennon College and the University of Chicago.
He earned a bachelor’s degree in mathematics from the University of Missouri and a master’s degree in business administration from the University of Chicago.
Career and Awards
His career took off at the American National Bank of Chicago, where he developed the first S&P 500 passively managed index fund in 1973.
This innovative investment approach allowed him to closely track the index despite high transaction costs and low liquidity for many smaller company stocks. After seven years, the fund managed a staggering $12 billion.
In 1981, Sinquefield co-founded Dimensional Fund Advisors with David Booth, another University of Chicago teaching assistant. This was the first passive fund focused on small (microcap) companies typically overlooked in large institutional portfolios.
As of June 30, 2018, it managed over $582 billion in assets. Sinquefield retired from DFA in 2005, citing boredom, and returned to St. Louis to engage in politics and philanthropy.
Sinquefield’s passion for chess led him to establish the Saint Louis Chess Club (STLCC) in 2008 alongside his wife, Dr. Jeanne Cairns Sinquefield. Their efforts transformed Saint Louis into the Chess Capital of the United States. They also provided funding to relocate the World Chess Hall of Fame to Saint Louis.
In recognition of his contributions to the game, Sinquefield has received multiple Gold Koltanowski awards, given by the American chess federation to the biggest contributor to American chess from 2009-2016. He was also memorialized as a chess contributor by Missouri’s Chess Hall of Fame in 2011.
Personal Life
At the University of Chicago, Sinquefield met his wife, Jeanne Cairns Sinquefield, at the Judo club. They have been married for several years and have three children together. Jeanne also played a significant role in their shared business ventures, particularly in operating the trading department at DFA.
Sinquefield and his wife divide their time between a 1,000-acre farm and a large house in the Central West End of St. Louis. They have also been actively involved in philanthropy, donating to various causes and organizations in their community.
Read more: Agustin Carstens Net Worth
Social Media Accounts
- Twitter: @RexSinquefield
- LinkedIn: Rex Sinquefield
FAQs about Rex Sinquefield
What is Rex Sinquefield’s current net worth?
Rex Sinquefield’s net worth will be approximately $3.8 billion in 2023.
Which company did Rex Sinquefield co-found?
Rex Sinquefield co-founded Dimensional Fund Advisors (DFA), a renowned investment management firm.
What are Rex Sinquefield’s social media accounts?
Rex Sinquefield can be found on Instagram, Twitter, YouTube, LinkedIn, and Pinterest.
Conclusion
Rex Sinquefield is a highly accomplished economist, businessman, and philanthropist. With a net worth of $5 million in 2023, he has made significant contributions to the financial industry through his innovative approach to passive fund management.
As the co-founder of Dimensional Fund Advisors, Sinquefield has revolutionized the investment landscape and managed assets worth. Despite facing challenges in his early life, he has achieved remarkable success and continues to make a positive impact through his philanthropic endeavors.
Rex Sinquefield’s story serves as an inspiration to aspiring entrepreneurs and investors, showcasing the power of determination and innovation in achieving financial success.
