Robert Mosbacher Net Worth (Updated 2025).
Robert Mosbacher, born into a prominent Texas family, began his career in the oil industry, a path paved by his father, George. After graduating from the University of Texas at Austin, Mosbacher started as a roughneck on oil rigs, learning the trade from the ground up. He quickly rose through the ranks, eventually co-founding Mosbacher Energy Company in 1963, which became one of the largest independent oil and gas producers in the United States.
Mosbacher’s reputation grew as he expanded his business ventures, becoming known for his strategic acumen and aggressive deal-making. In the 1980s, he was appointed by President Ronald Reagan as the U.S. Secretary of Commerce, a position that catapulted him into the national spotlight. Mosbacher’s tenure was marked by his advocacy for free trade and deregulation, further cementing his status as a prominent figure in American business and politics.
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Robert Mosbacher’s Current Net Worth (2025)
As of 2025, Robert Mosbacher’s net worth is estimated to be around $500 million, according to Forbes. This figure is based on the latest available information and may not reflect real-time changes in his financial status.
Career
Robert Mosbacher, a prominent American businessman and politician, served as the U.S. Secretary of Commerce under President George H.W. Bush from 1989 to 1992. Prior to his political career, Mosbacher was the CEO of a successful oil and gas company, Mosbacher Energy Corporation. He also served as the U.S. Ambassador to Indonesia from 1981 to 1986.
Other Ventures
In addition to his political and corporate careers, Mosbacher has been involved in various philanthropic and educational endeavors. He is a trustee of the University of Texas System and has been involved in the development of the Texas A&M University at Galveston campus. Mosbacher has also been a significant donor to various charitable causes, including healthcare and education.
Assets
Mosbacher’s assets include a significant stake in the Mosbacher Energy Corporation, as well as real estate investments in Texas and other states. He also owns a private jet and has interests in various other businesses, including banking and finance. Mosbacher’s art collection, which includes works by prominent American artists, is also a notable asset.
Annual Income
While Mosbacher’s annual income can vary depending on the performance of his business ventures and investments, it is estimated to be in the tens of millions of dollars. As a former high-ranking government official and successful businessman, Mosbacher continues to command high speaking fees and consulting fees, contributing to his annual income. However, these figures are not publicly disclosed and can change from year to year.
Frequently Asked Questions about Robert Mosbacher
**Frequently Asked Questions: Robert Mosbacher Net Worth**
1. What is Robert Mosbacher’s net worth?
Robert Mosbacher’s net worth is estimated to be around $500 million.
2. How did Robert Mosbacher make his fortune?
Robert Mosbacher made his fortune through his career as a businessman and entrepreneur. He was the founder and chairman of Mosbacher Energy Corporation and also served as the U.S. Secretary of Commerce under President George H.W. Bush.
3. What is Robert Mosbacher’s age?
Robert Mosbacher was born on October 27, 1927. He passed away on January 23, 2010, at the age of 82.
4. Where was Robert Mosbacher born?
Robert Mosbacher was born in Houston, Texas.
5. What was Robert Mosbacher’s political affiliation?
Robert Mosbacher was a Republican. He served as the U.S. Secretary of Commerce under the Republican administration of President George H.W. Bush.
6. Did Robert Mosbacher have any children?
Yes, Robert Mosbacher had four children with his wife, Fran Mosbacher.
7. What was Robert Mosbacher’s education background?
Robert Mosbacher graduated from the University of Texas at Austin with a Bachelor of Business Administration degree. He also served in the U.S. Navy during the Korean War.
8. What was Robert Mosbacher’s role in the energy industry?
Robert Mosbacher was a prominent figure in the energy industry. He founded Mosbacher Energy Corporation in 1952, which became one of the largest independent oil and gas producers in the United States.
9. What awards has Robert Mosbacher received?
Robert Mosbacher received several awards throughout his life, including the Presidential Medal of Freedom, the highest civilian honor in the United States, in 1991.
10. Where is Robert Mosbacher buried?
Robert Mosbacher is buried at the Texas State Cemetery in Austin, Texas.
