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Michael S. Smith

Michael S. Smith

M. Smith
0% | + $0.00M
$3 B ₹ 27,285 Cr
Real Time Net Worth #1374 Ranking as of 21 Feb 2026 By Forbes

More on Michael S. Smith

Gender

Male

Age

71Y

Country

United States

Born On

January, 1955

Deceased

No

Relationship Status

Married

Children

2

Education

Colorado State University

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Energy)

Primary Organization

Freeport LNG

Titles

Founder, Chairman & CEO

Sources of Wealth

Freeport LNG

Industry

Energy, Oil & Gas

About Michael S. Smith


M ichael S. Smith is an American energy tycoon and the founder, chairman, and CEO of Freeport LNG. He began his career in the oil and gas industry in the late 1970s, founding Basin Exploration, which he later sold for over $400 million. In 2002, he founded Freeport LNG with the initial vision of building an import terminal on Quintana Island, Texas. However, with the advent of the U.S. shale gas boom, Smith pivoted the company's strategy to become a major exporter of liquefied natural gas (LNG).

Smith raised billions in capital to construct massive liquefaction trains, positioning Freeport LNG as a critical player in the global energy market. Despite operational challenges, including a major fire in 2022 that temporarily shut down the facility, the company remains one of the largest LNG exporters in the U.S. Smith retains a controlling interest in the privately held company. He is also known for his high-profile real estate investments in Malibu and Florida.

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Quick Reads


Early Life and Background


Michael S. Smith is an American businessman, the self-made billionaire Founder and CEO of Freeport LNG, one of the largest liquefied natural gas (LNG) export facilities in the United States.

He made his first fortune with the oil and gas company Basin Exploration, which he sold in 2001 for $428 million. His foresight into the US shale gas boom led him to strategically pivot his operations.

  • Core Company: Freeport LNG, one of the largest LNG export facilities in the U.S..
  • Prior Venture: Sold Basin Exploration in 2001 for $428 million.
  • Scale: Raised more than $15 billion in debt to build the Freeport facility.

Career Journey of Michael S. Smith


Michael S. Smith's career is marked by shrewd strategic timing in the energy sector. After selling Basin Exploration, he launched Freeport LNG, originally envisioning it as an LNG import terminal. When the shale gas boom arrived, Smith brilliantly reversed his strategy 180 degrees to create an export facility.

He successfully raised more than $15 billion in debt to build three giant plants at Freeport, Texas, which chill and export 15 million tons per year of LNG. His structural contribution is immense, creating a major piece of U.S. and global energy infrastructure.

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Michael S. Smith's Timeline


2001:

Sells oil and gas company Basin Exploration for $428 million.

2000s:

Founds Freeport LNG, initially planned as an import terminal.

Ongoing:

Raises over $15 billion in debt to build the massive LNG export facility.

Ongoing:

Continues as Founder and CEO of the major energy infrastructure project.

Major Business Ventures and Investments


Michael S. Smith's wealth is rooted in his founding equity and executive leadership of the massive energy infrastructure project, Freeport LNG.

  • Freeport LNG (Founder & CEO): One of the largest LNG export facilities in the U.S..
  • Capacity: Chills and exports 15 million tons per year of liquefied natural gas.
  • Prior Sale: Made his first fortune from the $428 million sale of Basin Exploration.

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Philanthropy and Social Impact


Fashion, Style, and Lifestyle


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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Founder and CEO of Freeport LNG, one of the largest LNG export facilities in the U.S..
  • He sold his first company, Basin Exploration, for $428 million in 2001.
  • He reversed his strategy 180 degrees to focus on export after the shale gas boom.
  • He raised more than $15 billion in debt to build the facility.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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