Sinquefield, a former investment advisor and author from St. Louis, has a tremendous amount of wealth throughout his charitable and philanthropic career. He’s currently bagging almost $500 million to $1 billion.
While running his owned investment firm- Dimensional Fund Advisors which holds assets under management of around $540 billion.
|Full name||Rex Andrew Sinquefield|
|Net worth||around $500 million to $1 billion.|
|Age||79 years old|
|Birthplace||St. Louis, Missouri, US|
|Occupation||Businessman, investor, and philanthropist|
|Spouse||Jeanne Cairns Sinquefield|
|Award||Gold Koltanowski Award and a lot more|
Net Worth: Career and Sources of Income
Sinquefield initially started working at the American National Bank of Chicago. Also, he built the passively managed index fund which made him known as the index-fund pioneer. This fund was completely open to the general public net worth of $12 billion.
Rex gets most of his wealth generated from his investment company Dimensional Fund Advisors (DFA).
Apart from his earning through financial business, his income goes bigger with his investment in real estate sectors. Along with these, he’s continuing different business ventures.
Early Life and Biography
When he was only 5 years old, he dealt with several cleft palates, which is nothing but an odd joining in his upper lip to the nose. You may still notice some spots existing on the upper side of his lip.
At the same age, he lost his father and was raised in a provincial Catholic orphanage far away from his home. This time, his brother also was with him. Once they became teenagers, they returned to their mother at home.
In 1962, Sinquefield graduated from Bishop DuBourg High School. And then, he did priest learning at Cardinal Glennon College in his town. He was also a high-end gopher when the Vietnam War started. Later, he also completed his post-graduation at the University of Chicago.
Spouse and Personal Life
While studying at the University of Chicago, Rex came across Jeanne at the Judo Club. From then, they had a romantic relationship which converted into marriage.
They both had been working at their established company named Dimensional Fund Advisors (DFA), a private acquisition enterprise based in Austin, Texas. At DFA, Jeanne operated the trading sector.
As soon as they returned to St. Louis, they invested in their thousand-acre farm. They own a mansion in the Central West End too. And to date, they have three kids.
Award And Achievement
Throughout the years from 2009 to 2015, Rex has won several Gold Koltanowski awards, offered by the American chess federation. In the meantime, Missouri’s Chess Hall of Fame nominated Rex as a chess contributor back in 2011.
And, very recently, Rex along with his wife, Jeanne was awarded the prestigious Missouri Arts Award for Philanthropy.
Alongside all of these, the Sinquefield Cup began which is an annual, private chess tournament based in Missouri to honor his efforts and dedication to chess.
Rex Sinquefield Books
As of now, Rex is the author of three books:
- Stocks, Bonds, Bills, and Inflation (1982)
- An Inquiry into the Nature and Causes of the Wealth of States (2014)
- Wealth of States (2016)
Rex Sinquefield is known for his many provocative and sometimes controversial statements. Here are a few.
|1.||“The government can’t create wealth, but it can certainly destroy it.”||Rex Sinquefield|
|2.||“The best thing government can do for the economy is to get out of the way.”||Rex Sinquefield|
|3.||“When you tax something, you get less of it. When you subsidize something, you get more of it. This is not rocket science.”||Rex Sinquefield|
|4.||“The people who pay the taxes are not getting the representation they deserve, and the people who get the representation are not paying the taxes.”||Rex Sinquefield|
|5.||“There’s no such thing as a government budget. The government has no money. The only money it has is the money it takes from you and me.”||Rex Sinquefield|
|6.||“We don’t have a revenue problem in Missouri. We have a spending problem.”||Rex Sinquefield|
Social Profiles: Instagram, Facebook, And Twitter
This veteran businessman doesn’t have any social media appearances. From Facebook to Twitter, or even if you visit professional networks like LinkedIn, no such verified profile of Rex is visible.
What are the notable contributions of Rex Sinquefield?
Rex Sinquefield donates to different charities for various causes quite often. His donation has been listed in universities, and organizations too, especially located in St. Louis. Apart from that, he loves donating to those sectors where philanthropic interests and ideology are visible.
During various electoral and political campaigns, he played a large role in the community by contributing wealth and support. His contribution is noteworthy in the advocacy community.
Why did Rex establish Dimensional Fund Advisors?In 1981, David Booth and Sinquefield co-founded Dimensional Fund Advisors (DFA) together. And, it became the first passive fund in the US. It focuses on miniature companies. As of now, this company has an asset value of more than 500 billion.
How is Rex Sinquefield involved in politics?
Rex Sinquefield is a significant financial contributor to political campaigns in Missouri. He has donated to candidates from both political parties and focuses on issues like public education reform, tax reform, and government accountability.
What is Rex Sinquefield’s stance on tax policy?
Rex Sinquefield is an advocate for tax reform. He has been actively involved in efforts to replace income tax with a more comprehensive sales tax in Missouri. He believes this change would promote economic development and make state revenue collection less volatile.
The Bottom Line
Overall, Rex Sinquefield is a prominent figure whose work and contributions have had a lasting impact on various sectors in the United States. He revolutionized the financial industry by pioneering the first S&P 500 passively managed index fund and co-founding Dimensional Fund Advisors.
In politics, he is a significant contributor, advocating for tax reform and public policy changes through his Show-Me Institute.