Tony Petrello’s acts of philanthropy
Tony Petrello studied at Yale University where he obtained a mathematics degree and also obtained his masters from the same institution. He also went to Harvard law school. He began his career at a law firm called Baker and McKenzie. The firm focused on taxation and corporate law. He established himself as the managing partner at the firm in the year 1986. Later in 1991 he resigned and joined Nabors industries which he is currently situated at.
Tony joined Nabors industries after being elected as a member by the company’s board of directors. In 2003 he moved to the position of the deputy chairman. He became the CEO of the company in the year 2011. He has also severed as the chair of board of directors and the executive committee. Tony runs this company that drills oil on land and it’s the largest in the world. Earlier in his career his used to work six to seven days a week. As of now tony earns over $ 15 million per year.
Tony Petrello is well renowned philanthropist. He recently funded a research initiative with $ 5 million and plans to add an additional of $ 2 million to the research initiative. He also plans to lead a fundraising initiative for the same cause. Due to the condition that Tony daughter’s condition, he was inspired to start a research center at the Texas hospital to carry out research on the brain especially that of children. Tony Petrello’s daughter has a condition called periventricular leukomalacia a disease tony and his wife wants to help other children to fight against.
Apart from the donations at the Texas hospital Tony has ensured the funding of the hospital through Dan Duncan who had a very successful business called enterprise products where he is the director and the chairman. Dan Duncan together with his wife gave $ 50 million towards the establishment of Jan and Dan Duncan neurological research institute. The institute was established at the Texas hospital.
Tony himself donated $ 7 million to the Texas children hospital to enable research to find the cause and cure for this disease that affects children. His main mission to stop neurological diseases that affect children. Tony also donated towards commemoration of serge Lang who was his friend and mentor at the Yale University. He donated $ 150, 000 to the university and promised to match any donations the university got. Many are thankful of Tony’s effort to secure our children future by fighting against periventricular leukomalacia.
To know more click: here.