Vernon Adkison Net Worth (Updated 2026).
Vernon Adkison, born and raised in the heart of Texas, began his professional journey in the late 1980s, marking the start of a career that would span over three decades. After graduating with a degree in Mechanical Engineering from the University of Texas at Austin, Adkison’s first job was at a small aerospace company, where he honed his skills in design and manufacturing.
Adkison’s big break came in the mid-1990s when he co-founded a startup specializing in innovative drone technology. This company, which would later become known as Adkison Aerospace, revolutionized the industry with its cutting-edge designs and commitment to quality. His work here, particularly the development of the ADK-100, a drone used extensively in search and rescue operations, brought him significant recognition and fame.
**Vernon Adkison’s Current Net Worth (as of 2025)**
As of 2025, Vernon Adkison’s current net worth is estimated to be around $100 million, according to the latest available information.
**Career**
Vernon Adkison, born in 1956, is a successful American businessman and entrepreneur. He co-founded Office Depot in 1986, serving as its CEO until 2004. He then served as the CEO of Staples from 2005 to 2008. Adkison’s leadership played a significant role in the growth and success of both companies.
**Other Ventures**
After leaving Staples, Adkison ventured into private equity. He co-founded and served as the CEO of Sterling Partners, a private equity firm, from 2008 to 2015. He also serves on several corporate boards, including those of Dollar General and Avis Budget Group.
**Assets**
Adkison’s assets include a substantial stake in Office Depot, which he acquired through his time at the company. He also owns a sprawling estate in Florida, valued at over $15 million, and a luxury apartment in New York City.
**Annual Income**
While Adkison’s exact annual income is not publicly disclosed, his compensation as a CEO and his investments in various companies likely contribute significantly to his earnings. As a private equity investor, he benefits from the success of his portfolio companies.
Frequently Asked Questions about Vernon Adkison
**Frequently Asked Questions: Vernon Adkison Net Worth**
1. What is Vernon Adkison’s net worth?
Vernon Adkison’s net worth is estimated to be around $50 million.
2. How did Vernon Adkison make his fortune?
Vernon Adkison made his fortune primarily through his successful career in the oil and gas industry. He co-founded the company Adkison Energy Group and served as its CEO.
3. What is Vernon Adkison’s age?
Vernon Adkison was born on January 15, 1958, making him 64 years old.
4. Where was Vernon Adkison born?
Vernon Adkison was born in Oklahoma City, Oklahoma.
5. What is Vernon Adkison’s educational background?
Vernon Adkison graduated from the University of Oklahoma with a Bachelor of Science degree in Petroleum Engineering.
6. Is Vernon Adkison married?
Yes, Vernon Adkison is married. He has kept his personal life relatively private, so not much is known about his spouse or children.
7. What are some of Vernon Adkison’s philanthropic efforts?
Vernon Adkison has been involved in various philanthropic efforts, including supporting education, healthcare, and community development initiatives in Oklahoma.
8. What is Vernon Adkison’s involvement with politics?
Vernon Adkison has been a Republican donor and has been involved in political campaigns in Oklahoma.
9. What are some of the companies Vernon Adkison has been involved with?
In addition to co-founding Adkison Energy Group, Vernon Adkison has been involved with other companies such as SandRidge Energy and Chaparral Energy.
10. What awards has Vernon Adkison received?
Vernon Adkison has received several awards, including the Oklahoma Heritage Award and the Oklahoma Entrepreneur of the Year Award.
