Philanthropy is defined as the desire to do good for others. There are lots of successful entrepreneurs and business people who give back but not to the level that Tony Petrello and his wife Cynthia do. A lot of the causes they donate to are close to the heart, especially one in particular because it has to do with their daughter. Other causes they are passionate about are education, the arts, and health.
Nabors Industries is a global oil and gas company with its headquarters located in Houston, Texas. Tony Petrello is the CEO, President, and Chairman of the Board for Nabors. Under his leadership there Mr. Petrello has been able to accomplish quite a lot using his keen eye for business and dedication to bettering his community. The Petrello’s daughter was born with a neurological disorder, which greatly impacted their family. No parent wants to see their child suffering so they started donating funds to research about childhood neurological diseases. So Far they have donated $7 million dollars to the Texas Children’s Hospital. In addition they served at co-chairs of a capital campaign for the hospital. This was very success and raised over $500 million dollars.
Tony Petrello and Cynthia even started their own foundation called the Petrello Family Foundation. It supports organizations around Houston that focus on the performing arts, health, and education. Getting a proper education is very important to Tony because he believes it creates opportunity and such for young minds. Tony Petrello came from humble beginnings himself but worked hard to get the education he longed for. He attended Yale University where he received his Bachelor and Master of Science in Mathematics. During his time at Yale Tony Petrello had a mentor ever-talented mathematician Serge Lang. In honor of his mentor and close friend he started an endowment fund for talented students. This came in form of an annual prize. Mr. Petrello continued on to get his JD from Harvard Law School.
Last November Tony and Cynthia honored and welcomed home Tommy Tune the celebrated Broadway star with an intimate party at their Houston mansion. 50 of their closest guests were treated to cocktails, appetizers, and live music to in honor of Tommy coming home. Tune was in town to perform the story of his life called “Tommy Tune Tonight” in front of 5,000 of his biggest fans. His live performance was at the Miller Outdoor Theater in Houston, Texas.