The Philanthropy And Career Of Entrepreneur Tony Petrello

Tony Petrello is a prominent business leader in the oil and gas industry. He heads Nabors Industries as the company’s Chief Executive Officer, President, and Chairman. He first joined the company in 1991 as the Chief Operating Officer after having worked as a lawyer for several years. His leadership has led Nabors Industries into becoming one of the largest drilling contractors in the world.

Nabors Industries has land drilling operations throughout the Americas The also have drilling operations in Africa, Asia, and the Middle East. In addition to oil and gas they also drill for geothermal resources. They also provide support for off-shore drillers. This includes providing drilling platform rigs as well as a marine fleet that provides a variety of services. Nabors Industries also supplies software that is used for rig reporting, data collection, drill pipe handling, and other uses.

Tony Petrello has ranked several times among the highest paid Chief Executive Officers in the nation. He was number one on that list in 2013 when he was paid $68.2 million. Since that time the company has made a number of organizational changes in order to return more money to shareholders, especially as the oil industry has been dealing with a much lower price per barrel over the last year and a half. Still, he is still highly compensated for his leadership at the company and presently earns around $20-25 million a year.

Tony and his wife, Cynthia, gave $5 million recently to the Jan and Dan Duncan Neurological Institute which is headquartered at the Texas Children’s Hospital. He also serves on the nonprofit’s Board of Trustees. They support research into birth defects that affect the lives of people throughout their childhood and adult lives.Tony and Cynthia have a daughter named Carena. She was born with a neurological disease called periventricular leukomalacia which led to cerebral palsy. This disease has slowed her development in things like learning to walk, talk, and eat. Her passion for life and purity have led the couple to their dedication to finding treatments for cerebral palsy and other neurological disorders.

Focus on Real Estate in Miami Beach, Florida and Samuel Strauch

Purchasing a home in the South Florida area seems to be an elusive dream due to the increasing cost of living. However, the increasing prices vary according to the neighborhood. For instance, single-family homes and condos have over the last few years increased by 12.5% while those in Miami Beach have dropped by 5.8%. This is according to data based on the 1Q 2017 Elliman Report that analyzed trends in the Miami Beach real estate sector.

Why are Property Prices Dropping in Miami Beach, Florida?

Climate change is the main reason behind the falling property prices in the market for properties located along the Miami Beach as opposed to those in the mainland. The disintegration of the Antarctic and Greenland ice sheets will speed up the rise of the sea level, which will have devastating effects on the properties along the coastal line. There are projections that the situation will get worse with the sea level rise estimated to increase by three to about six feet by 2100. Property values in Miami Beach will collapse when mortgage lenders and financial institutions will stop financing the purchase of the doomed properties.

About Samuel Strauch

Miami has experienced a massive growth in its housing market thanks to the decreasing recession and people gaining the requisite liquidity to invest. So many real estate agents present in Miami help in ensuring that all real estate transactions sail smoothly. Samuel Strauch is considered one of the highly preferred, most experienced and reliable real estate agent present in Miami, FL. Samuel Strauch is a business graduate from Hofstra University, New York. He also went for further studies at the modern Erasmus University and Harvard University.

Samuel Strauch began his career in the banking sector before realizing his passion was in real estate. Presently, Samuel Strauch is a licensed real estate agent based at Affinity Realty Group and is the principal at the Metrik Real Estate Company. Metrik offers property management and brokerage services.