Kip Tom, a name that has become synonymous with success in the agricultural industry, began his career in a humble yet determined manner. Born and raised in Texas, Tom’s roots run deep in the heart of farm country. After graduating from Texas A&M University with a degree in Agricultural Economics, he started his professional journey as a crop insurance adjuster, a role that allowed him to gain firsthand knowledge of the challenges and opportunities in the agricultural sector.

As Tom’s understanding of the industry deepened, so did his ambition. He saw the potential in the burgeoning agribusiness sector and decided to establish his own company, Tom Farms, in the late 1980s. The company, initially a small-scale operation, grew steadily under Tom’s leadership, expanding its reach to include not just crop production but also livestock and real estate ventures. It was during this period that Tom began to gain recognition for his innovative approach to farming and his commitment to sustainability.

Kip Tom’s Net Worth in 2025

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

Kip Tom’s Career

Kip Tom is a successful businessman, diplomat, and former professional basketball player. He co-founded Tom James Company, a men’s clothing business, in 1966. In 2019, he was appointed as the U.S. Ambassador to Ukraine by President Donald Trump.

Kip Tom’s Other Ventures

In addition to his work with Tom James Company and his diplomatic role, Tom is also involved in various other ventures. He serves on the board of directors for several companies, including Republic Services and Tronox. He is also a co-owner of the NBA’s Indiana Pacers.

Kip Tom’s Assets

Tom’s assets include a significant stake in Tom James Company, as well as real estate holdings in several states. He also owns a private jet and a collection of classic cars. His diplomatic role in Ukraine does not come with a salary, but he does receive a housing allowance.

Kip Tom’s Annual Income

As a co-owner of the Indiana Pacers, Tom’s annual income from the team is estimated to be around $10 million. His salary as U.S. Ambassador to Ukraine is $189,600 per year, although he does not receive this while serving in the role. His income from Tom James Company and other business ventures is not publicly disclosed.

Frequently Asked Questions about  Kip Tom

Kip Tom Net Worth FAQs

What is Kip Tom’s net worth?

Kip Tom’s net worth is estimated to be around $500 million.

Who is Kip Tom?

Kip Tom is an American businessman, farmer, and former U.S. Ambassador to the United Nations Agencies for Food and Agriculture. He is the co-founder and chairman of Environmental Land Management (ELM), a company that specializes in sustainable farming and land management.

Where was Kip Tom born and raised?

Kip Tom was born and raised in Indiana, USA. He grew up on a farm and has been involved in agriculture throughout his life.

What is Kip Tom’s educational background?

Tom graduated from Purdue University with a degree in Agricultural Economics. He also has an MBA from the Harvard Business School.

When was Kip Tom appointed as U.S. Ambassador to the United Nations Agencies for Food and Agriculture?

Kip Tom was appointed as U.S. Ambassador to the United Nations Agencies for Food and Agriculture by President Donald Trump in 2019. He served in this role until 2021.

What is Kip Tom’s role at Environmental Land Management (ELM)?

Kip Tom is the co-founder and chairman of ELM. In this role, he oversees the company’s operations and strategic direction, focusing on sustainable farming practices and land management.

How did Kip Tom start his career?

Kip Tom started his career as a farmer, working on his family’s farm in Indiana. He later expanded into other business ventures, including real estate and agriculture-related industries.

What are some of Kip Tom’s philanthropic efforts?

Kip Tom is involved in various philanthropic efforts, including supporting agricultural education and sustainability initiatives. He has also donated to disaster relief efforts and supported local community organizations.

What is Kip Tom’s stance on sustainability in agriculture?

Kip Tom is a strong advocate for sustainability in agriculture. He believes in the use of modern technology and innovative practices to improve soil health, increase crop yields, and reduce environmental impact.

Does Kip Tom have any family?

Yes, Kip Tom is married and has children. However, he keeps his personal life relatively private and does not often discuss his family in public forums.