Peyton Yates, an American entrepreneur, has a net worth of $760 million.
Peyton Yates, who is currently residing in New Mexico, received a Bachelor’s of Science degree in Petroleum Engineering and a Master’s Degree in Petroleum Engineering from Cockrell School of Engineering.
Following that, he spent two years in the Army serving in Vietnam.
Upon his return to the United States, he was employed as a petroleum engineer at Chevron Oil Company.
In the early 70s, he became a part of the Yates Companies, a family business.
Afterward, he held the positions of President and Executive Vice President at Yates Petroleum Corporation, and later became the wealthiest individual in New Mexico.
Besides his involvement with Yates, he is also a member of the boards of several banks, colleges, and energy associations.
He holds the position of Chairman in the Management Committee of Artesia MainStreet.