William Moncrief, Jr. is an American businessman who has a net worth of $1 billion. William “Tex” Moncrief Jr. is best known as an oil and gas wildcatter who made perhaps the biggest discovery of his life in January 2010 when he unearthed an offshore field called “Davy Jones,” which is said to contain up to 6 trillion cubic feet of gas.
Through his company Moncrief Offshore LLC, William owns 10% of the platform and exploration. Now an old widower with five children, William Moncrief, Jr. made his career beginnings at the age of 10, when his father, W. A. “Monty” Moncrief Sr. (d. 1986) came upon a 6-billion-barrel East Texas oilfield. Dazzled by his father’s wealth at the time, Tex wanted to quit school and become a pro golfer, but he never pursued that dream as his father talked him out of it. Instead, he followed in his father’s footsteps and made a fortune in the oil and gas sector. An avid football fan, William Moncrief, Jr. is a benefactor of both the University of Texas and Texas Christian University.
| Net Worth: | $1 Billion |
| Date of Birth: | Mar 27, 1920 (102 years old) |
| Place of Birth: | Fort Worth, Texas, U.S. |
| Profession: | Businessman |
| Nationality: | American |