Toby Rice Net Worth (Updated 2026).

Toby Rice, a name now synonymous with energy innovation, began his career in the oil and gas industry in an unconventional manner. Born and raised in a small town in West Virginia, Rice’s initial foray into the field was not through a prestigious internship or a high-ranking position, but rather, as a manual laborer on a drill site. His hands-on experience, though humble, laid the foundation for his deep understanding of the industry’s intricacies.

Rice’s big break came when he joined the legendary wildcater, Aubrey McClendon, at Chesapeake Energy. Here, Rice’s unique blend of technical expertise and business acumen caught McClendon’s eye. He quickly rose through the ranks, eventually becoming the Chief Operating Officer, a position he held until Chesapeake’s bankruptcy in 2016. It was during his tenure at Chesapeake that Rice gained national recognition, playing a pivotal role in the company’s transformation into one of the largest natural gas producers in the United States.

**Toby Rice’s Net Worth in 2025**

As of 2025, Toby Rice’s net worth is estimated to be around $500 million, according to the latest available information.

**Toby Rice’s Career**

Toby Rice, born in 1982, is an American businessman and the current CEO of Rice Energy, a natural gas company. He co-founded the company in 2000 with his father, Neil Rice. Under Toby’s leadership, Rice Energy has grown significantly, becoming a major player in the Appalachian Basin.

**Toby Rice’s Other Ventures**

In addition to Rice Energy, Toby Rice has ventured into other businesses. He is a co-founder and partner at Rice Investment Group, a private equity firm focused on energy investments. He also serves on the board of several energy companies.

**Toby Rice’s Assets**

Toby Rice’s assets include a significant stake in Rice Energy, as well as real estate investments. He owns a 14,000-square-foot mansion in Pittsburgh, Pennsylvania, valued at over $8 million. He also owns a private jet, a Gulfstream G550, worth approximately $65 million.

**Toby Rice’s Annual Income**

Toby Rice’s annual income is primarily derived from his role as CEO of Rice Energy. In 2020, his total compensation was $12.5 million, including salary, stock awards, and other compensation. However, his annual income can vary significantly from year to year.

Frequently Asked Questions about  Toby Rice

Toby Rice Net Worth

Toby Rice is an American businessman and the current CEO of Rice Energy, a natural gas and oil exploration company. As of the latest estimates, Toby Rice’s net worth is approximately $1 billion.

How did Toby Rice build his wealth?

Toby Rice built his wealth primarily through his career in the energy industry. He co-founded Rice Energy in 2009 and served as its CEO until 2017. Under his leadership, the company grew significantly and was eventually acquired by EQT Corporation in 2017 for $6.7 billion.

What is Toby Rice’s role at EQT Corporation?

After the acquisition of Rice Energy by EQT Corporation, Toby Rice served as the CEO of EQT until 2019. He then stepped down from his position but remained on the board of directors until 2020.

What is Toby Rice’s current role?

In 2020, Toby Rice was reappointed as the CEO of Rice Energy, which had been rebranded as a separate company following the acquisition. He continues to serve in this role to this day.

Where was Toby Rice born and raised?

Toby Rice was born and raised in Pennsylvania, United States. He grew up in a family with a background in the energy industry, which inspired him to pursue a career in the field.

What is Toby Rice’s educational background?

Toby Rice graduated from the United States Military Academy at West Point with a Bachelor of Science degree in Engineering. He also holds a Master of Business Administration degree from the University of Pennsylvania’s Wharton School.

Has Toby Rice received any awards or recognition?

Yes, Toby Rice has been recognized for his achievements in the energy industry. In 2016, he was named one of the “Top 500 Most Influential People in the World” by Richtopia. He has also been featured in various industry publications and awards.

Is Toby Rice married?

Yes, Toby Rice is married. However, he prefers to keep his personal life private and does not often discuss his family or relationships in public.

Does Toby Rice have any children?

Yes, Toby Rice has children. Again, he prefers to keep his family life private and does not often discuss his children in public.

What are Toby Rice’s interests outside of business?

Toby Rice is known to be an avid outdoorsman and enjoys activities such as hunting and fishing. He is also a passionate supporter of the military and veterans’ causes, likely influenced by his background at West Point.