Robert Plaster is an entrepreneur, born in 1949 and raised in Uniontown, Pennsylvania. His first venture into business was purchasing and flipping homes when he was twelve.
In the 1970s, he started an IT consulting company specializing in hospital computer systems. It has gone on to become the top healthcare tech company to be listed on Wall Street.
He sold his share of that company in the 1990s and founded Meditech. This second venture was somewhat successful until General Electric acquired it for nearly 900 million dollars.
|Full Name||Robert Plaster|
|Date of Birth||1949|
|Age||73 (as of 2022)|
|Country of Birth||Uniontown, Pennsylvania|
|Robert Plaster Net Worth||$5 Billion (Last Updated 2022)|
Robert Plaster Net Worth
Robert Plaster is a successful entrepreneur who earned more than $5 billion in his lifetime. Robert Plaster has made a lot of money from his business ventures, and these days his focus is on inventing new technologies that could transform our world.
Self-driving cars, artificial intelligence, and augmented reality are a few examples. He mainly invests in software development companies, which is understandable given the impressive advances in technology.
Robert Plaster’s success
Businessman Robert Plaster is known for his long association with natural gas exploration. He became involved in the field at an early stage by joining Gulf Oil Company, which went on to become one of the most prominent oil companies in the world.
During the 70s, Robert steered Gulf into partnerships with Middle Eastern companies that got them access to enormous natural gas reserves.
Such moves raised concerns about increased US energy reliance on countries like Saudi Arabia. Yet as history shows, the United States produces over half of the fossil fuels it consumes, with imports of less than 20% (just 20 years ago, it was 50%).
After retiring in 1989, Robert Plaster stayed active in the business. He was still serving as the company’s chairman emeritus at the time of Gulf’s merger with Chevron Corporation, creating the second largest oil company in the world.
He grew up in the coal country of Pennsylvania but moved to Texas for a long career in natural gas exploration. Gulf Oil Company gave him invaluable experience, leading campaigns all over Eastern Europe amidst the Cold War.
Fame and Work
- Robert Plaster holds the position of Chief Executive Officer and Chairman of the Board at CITGO Petroleum Corporation. It’s been his job since 1990. Previously, the company was called Cities Service Company. In 1984, Gulf Oil merged with the company to form an oil company in Texas that specializes in refining and exploration.
- After graduating from Rice University with honors, Robert Plaster joined Citgo’s financial division.
- As Hernan Gomez was running for Mayor of Houston in 1985, Mr Plaster was his campaign treasurer, which contributed to Gomez winning the election.
- When he took over the leadership of Citgo, his first priority was to increase safety at their plants by reducing their personal exposure to hazardous materials using technological control mechanisms that include enclosing tanks and utilizing the newest technology to monitor possible leaks.