What is George Bishop's Net Worth?
George Bishop is an esteemed American entrepreneur with a significant net worth of $3 billion. Achieving billionaire status this year, he is recognized as the owner of GeoSouthern, a prominent oil-producing company. In November 2013, Bishop's financial portfolio experienced a major boost when Devon Energy purchased 82,000 acres of Eagle Ford shale oil fields, managed by GeoSouthern Energy, for an impressive $6 billion in cash. From this lucrative deal, Bishop realized a clear profit of approximately $1.5 billion, after settling with other partners involved in the Eagle Ford venture.
Additional Sources of Wealth
Beyond the substantial earnings from the shale oil deal, George Bishop diversifies his income through various ventures. Established in 1981, GeoSouthern owns numerous other oil and gas fields along the Gulf Coast, contributing steadily to his wealth. Furthermore, Bishop owns the Eagleford Restaurant in Cuero, Texas, and partners in the River Ridge Golf Club, located just west of Houston.
