Rex Sinquefield is a prominent American businessman, investor, and philanthropist. He is known as a pioneer in passive index fund investing and co-founded Dimensional Fund Advisors in 1981. Sinquefield is also actively involved in Missouri politics and has been a major advocate for free-market policies, education reform, and tax policy changes.
Additionally, he is a prominent supporter of chess and established the Saint Louis Chess Club, enriching St. Louis as a main hub in the US for hosting prestigious tournaments and events. Rex Sinquefield’s net worth is estimated at $6 million as of 2024.
This article will explore Rex Sinquefield’s early life, his political and business ventures, personal life, an in-depth analysis of his net worth, and income sources.
Early Life & Education
Rex Sinquefield was born on September 7, 1944, in St. Louis, Missouri. He underwent 18 cleft palate surgeries before he turned five. In short, he had a difficult childhood and faced financial issues. He was raised by his mother as his father passed away when he was five.
After his father’s death, he and his brother were placed in a local Catholic orphanage, the Saint Vincent Home for Children in St. Louis, Missouri. This early venture instilled in him a powerful understanding of the discipline.
In 1962 Sinquefield graduated from Bishop DuBourg High School. He initially studied to become a priest at Cardinal Glennon College. During the Vietnam War, Sinquefield served in the finance corps at Fort Riley.
After that, he earned a business degree from Saint Louis University and an MBA from the University of Chicago.
Short Biography
| Attributes | Details |
|---|---|
| Full Name | Rex Sinquefield |
| Date of Birth | September 7, 1944 |
| Nationality | Canadian-American |
| Wife | Jeanne Sinquefield |
| Age | 80 years |
| Height | 5.6 Feet |
| Religion | Christian |
| Children | Three |
| Political Influence | Show-Me Institute |
| Profession | Businessman and Investor |
| Net Worth | $6 million |
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Rex Sinquefield Wife, Age
Rex Sinquefield is married to Jeanne Sinquefield, who holds a PhD in demography. The couple met while they were both students at the University of Chicago and were involved in the judo club. They have three children and have collaborated at DFA.
Sinquefield’s hobbies include playing chess, a game he has promoted through various initiatives. Rex Sinquefield is 80 years old.
Zero to Millions Surprising Journey
Rex Sinquefield is a renowned finance expert who pioneered index fund investing and has a major influence in the investment management industry. He is recognized for his innovative strategies and practical financial practices.
Early Career
Sinquefield began his career at the American Bank of Chicago, where he developed the first S&P 500 passively managed index in 1973. This innovative approach to investment management laid the foundation for his future success.
Dimensional Fund Advisors
In 1981, Rex Sinquefield took a major step forward in his career by co-founding Dimensional Fund Advisors with David Booth. DFA was founded with a clear mission to incorporate academic research into the world of investment management. The firm aimed to develop portfolios based on sound financial theory and data-driven strategies.
Political Involvement
Sinquefield co-founded the Show-Me Institute in St. Louis, a think tank promoting free-market solutions. He has been a significant donor to many political campaigns in Missouri, supporting both parties to influence public education, tax reform, and government accountability.
Sinquefield is actively involved in modifying Missouri’s tax policies, promoting local control of the St. Louis Metropolitan Police Department, and advocating for the elimination of state income tax.
Philanthropic Contributions
Sinquefield is extensively involved in philanthropic efforts. Through the Sinquefield Charitable Foundation, he has generously donated to educational and cultural organizations, including the Today and Tomorrow Education Foundation, the St. Louis Club, and the Mizzou New Music Initiative.
Notably, in 2009, he made a substantial $1 million donation to the University of Missouri School of Music. In 2018, he gave $50 million to Saint Louis University for research and building projects.
Chess Contributions
Rex Sinquefield is a prominent supporter of chess. In 2007, he opened the Chess Club and Scholastic Center of Saint Louis, which aims to promote chess education. His support helped relocate the World Chess Hall of Fame to St. Louis.
Rex Sinquefield Net Worth
Rex Sinquefield’s net worth is estimated to be $6 million as of 2024. His wealth primarily comes from Dimensional Fund Advisors. He has also earned from real estate investment, consulting and advisory roles, stock market and financial investments, and royalties and intellectual property.
Estimated Net Worth Analysis
| Years | Net Worth |
|---|---|
| 2021 | $0.5 million |
| 2022 | $1.5 million |
| 2023 | $3 million |
| 2024 | $6 million |
Secrets to Financial Success
Dimensional Fund Advisors (DFA)
Rex Sinquefield’s primary source of income is his stake in Dimensional Fund Advisors (DFA). The firm’s growth has been substantial, with assets under management exceeding $600 billion by the time Sinquefield retired. His equity in DFA, coupled with the firm’s success, has provided him with a steady stream of income through dividends, capital gains, and other profit distributions.
Real Estate Investments
Rex Sinquefield, a prominent businessman, has heavily invested in real estate, diversifying his income sources beyond the financial sector. His real estate investments include commercial properties located in prime areas, which have shown significant value growth over the years, as well as agricultural investments contributing to his overall net worth.
Stock Market and Financial Investments
Rex Sinquefield, beyond his involvement with DFA, has wisely invested in the stock market. His deep understanding of financial markets and investment strategies has allowed him to build a diversified portfolio that generates substantial income.
To balance his portfolio, Sinquefield has invested in bonds and other fixed-income securities, providing him with a stable income stream.
Royalties and Intellectual Property
Rex Sinquefield, a prominent figure in the financial industry, earns income from various sources including books, research papers, and speaking engagements. He has authored several books focusing on financial markets, investment strategies, and public policy, including “An Inquiry into the Nature and Causes of Wealth of States,” published in 2014, and “Wealth of States:
More Ways to Enhance Freedom, Opportunity, and Growth,” co-authored with Stephen Moore and published in 2016. Additionally, Sinquefield earns income from speaking engagements at conferences, universities, and industry events.
Consulting and Advisory Roles
Rex Sinquefield, with his extensive experience and knowledge, serves as a consultant for financial firms, organizations, and government entities.
FAQs:
How did Rex Sinquefield make his money?
Rex Sinquefield made his money primarily through his stake in Dimensional Fund Advisors (DFA). His wealth is also bolstered by real estate investments, stock market investments, royalties, and consulting roles.
Who is the chess billionaire in St. Louis?
Rex Sinquefield is known as the chess billionaire in St. Louis. He is a major supporter of chess and established the Saint Louis Chess Club.
Who is Rex Sinquefield’s wife?
Rex Sinquefield is married to Jeanne Sinquefield. She holds a PhD in demography.
What role did Rex Sinquefield play in Missouri politics?
Rex Sinquefield has been actively involved in Missouri politics by advocating for free-market policies, education reform, tax policy changes, and supporting the Show-Me Institute.
What is Rex Sinquefield’s net worth?
As of 2024, Rex Sinquefield’s net worth is estimated at $6 million.
Who is the commentator for the St. Louis Chess Club?
The St. Louis Chess Club features a variety of commentators for its events, including renowned chess players and analysts including Grandmaster Ben Finegold and International Master Daniel Rensch.