Anthony Petrello’s Philanthropy Spurred By Daughter

As the head of the largest natural gas drilling company in existence, Nabors Industries, Anthony Petrello has spent a large portion of his career growing the company, but during that span, he has consistently contributed significant donations to a number of causes. Recently, it was announced that Mr. Petrello would be donating $5 million to a new research initiative, with $2 million more to come at a later date. Apart from Mr. Petrello’s charitable donations, he has also ramped up efforts in support of fundraising to support the process.

According to salary.com the latest effort by Anthony Petrello comes on the heels of a recent miracle that he witnessed. After a significant time investment, Mr. Petrello’s daughter, Carena, who was diagnosed with periventricular leukomalacia, as well as cerebral palsy, learned to chew solid food. After being born prematurely at only 24 weeks, Carena would face developmental disabilities that would slow her progress in terms of natural areas of growth that children experience. After such a resounding success with eating solid food, Carena is also tackling larger challenges, such as walking and talking. Mr. Petrello, along with his wife Cynthia, has been fully dedicated to finding the root causes of neurological diseases, such as the ones that their daughter faces.

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After spending a great amount of time searching for the proper facility to support the needs of their daughter, checking with existing overseas programs, as well as those involved with Johns Hopkins, UCLA, and Harvard, Anthony Petrello and his wife discovered a solution in their backyard. Since finding the Texas Children’s Hospital, Mr. Petrello has donated over $7 million in efforts to support their causes, particularly regarding neurological diseases.

Today, Anthony “Tony” Petrello is the Chief Executive Officer, as well as the Chief Operating Officer of Nabors Industries; currently the most prominent drilling company in the world. Since joining the company in 1991, Mr. Petrello has remained actively involved with the company, propelling it to new heights, while also focusing on his many philanthropic efforts simultaneously. He is a graduate of both Yale University and Harvard Law School, receiving degrees in mathematics. In honor of his late teacher and friend, Serge Lang, Mr. Petrello recently donated $150,000 towards a prize to be awarded to a standout mathematician belonging to his alma mater.

See: https://analystoffinance.com/2017/10/tony-petrellos-nabors-industries-will-purchase-tesco-this-year/