Clay Riddell Explained

Clay Riddell
Birth Date:July 13, 1937
Birth Place:Treherne, Manitoba, Canada
Death Date:September 15, 2018 (aged 81)
Occupation:Businessman
Known For:Founder and CEO, Paramount Resources
Spouse:Vi Thorarinson (died 2012)
Children:4

Clayton Howard Riddell, OC (July 13, 1937 – September 15, 2018) was a Canadian billionaire businessman who was the founder, president and CEO of Paramount Resources, based in Calgary, Alberta.

Early life

He was born on a farm near Treherne, Manitoba on July 13, 1937, the youngest child ofCecil Howard Riddell and Bertha Maude Riddell née Taylor.[1] Riddell earned with a bachelor's degree in geology from the University of Manitoba.[1]

Career

He was 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), he was ranked by Forbes as the 12th wealthiest Canadian and 459th in the world.[2]

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 his honour. He donated $10 million to create an endowment fund for the faculty, which combines the Department of Environment and Geography, the Department of Geological Sciences and the Natural Resources Institute.

In 2008, Riddell was made an Officer of the Order of Canada for his leadership and philanthropy.[3]

In May 2010, Carleton University announced the creation of Canada's first graduate program in political management, Clayton H. Riddell Graduate Program in Political Management, made possible through a donation from Riddell that is the largest in Carleton's history.[4]

Personal life

He was married to Vi Thorarinson, a nurse for 49 years until her death from leukemia in 2012.[1] They had three daughters and a son together, Lynne, Sue, Jim and Brenda.[1] Sue Riddell Rose is the CEO of Perpetual Energy.[1]

Riddell died on September 15, 2018, after a short illness.[5]

External links

Notes and References

  1. News: Fitterman . Lisa . Obituary: Clay Riddell, 81, was a billionaire and philanthropist who thrived in the oil and gas sector . 3 October 2018 . The Globe and Mail . September 25, 2018 . https://web.archive.org/web/20180925205118/https://www.theglobeandmail.com/business/article-clay-riddell-81-was-a-billionaire-and-philanthropist-who-thrived-in/ . 2018-09-25.
  2. News: March 13, 2011 . https://web.archive.org/web/20110313032755/http://www.forbes.com/wealth/billionaires/list?country=223&industry=-1&state= . The World's Billionaires . Forbes . March 13, 2011 . dead.
  3. Web site: Governor General Announces New Appointments to the Order of Canada . https://web.archive.org/web/20080703071637/http://www.gg.ca/media/doc.asp?lang=e&DocID=5447 . dead . July 3, 2008 . . Media . July 1, 2008 . July 19, 2016.
  4. Web site: Carleton University creates Canada's first graduate program in political management with largest ever financial commitment . Carleton Newsroom . Carleton University . June 2, 2010 . July 19, 2016 . https://web.archive.org/web/20160719210457/http://newsroom.carleton.ca/2010/06/02/carleton-university-creates-canadas-first-graduate-program-in-political-management-with-largest-ever-financial-commitment/ . July 19, 2016 . dead .
  5. News: Calgary Flames co-owner, oil tycoon Clay Riddell dies . Kaylen . Small . Global News . September 16, 2018.