Jim Bernhard Jr. is a prominent figure in the energy services industry.
He co-founded and served as CEO of The Shaw Group, Inc. before its acquisition by CB&I in 2013.
Since then, he has focused on his private equity firm, Bernhard Capital Partners, which invests in energy, infrastructure, and industrial services companies.
Given his extensive experience and success in the industry, many are curious about Jim Bernhard’s net worth.
According to Forbes, Jim Bernhard Jr.’s net worth is estimated to be $1.2 billion.
This impressive figure is largely attributed to his success in the energy services industry and his investments through Bernhard Capital Partners.
The firm has made several notable acquisitions recently, including purchasing a majority stake in engineering and construction firm Wink Companies in 2021.
Despite his wealth, Jim Bernhard Jr. is known for his philanthropic efforts and has donated millions to various causes, including education and healthcare.
He has also been involved in politics, co-chairing former Louisiana Governor Kathleen Blanco’s transition team.
Table of Contents
- Who Is Jim Bernhard?
- What Is Jim Bernhard’s Net Worth?
- What Are Jim Bernhard’s Sources of Income?
- Frequently Asked Questions
- What is the estimated value of Jim Bernhard’s assets?
- How has Jim Bernhard’s net worth changed over the years?
- What are the major sources of income contributing to Jim Bernhard’s net worth?
- What properties contribute to Jim Bernhard’s wealth?
- Who are the members of Jim Bernhard’s immediate family?
- What philanthropic activities is Jim Bernhard known for?
Who Is Jim Bernhard?
Jim Bernhard is a well-known entrepreneur, investor, and philanthropist who has established himself in various industries.
He is the founder and partner of Bernhard Capital Partners, a private equity firm that invests in energy services, infrastructure, and industrial businesses.
Before starting Bernhard Capital Partners, Jim Bernhard founded The Shaw Group in 1987 with a small personal investment.
He grew the company into one of the world’s largest engineering, procurement, and construction companies.
In 2013, the company was acquired by CB&I for $3 billion.
Jim Bernhard is also the CEO of Bernhard LLC, a company that includes Bernhard Mechanical, which his grandfather created nearly 100 years ago, and E.P. Breaux Electrical, which is based in New Iberia.
Bernhard LLC is a leading energy services and infrastructure solutions provider in the United States.
Apart from his business ventures, Jim Bernhard is actively involved in various civic organizations and boards of trade.
He serves on the board of directors of the Louisiana Association of Business and Industry, the Louisiana Committee of 100, and the Louisiana Governor’s Council of Economic Advisors.
Jim Bernhard’s success in business and philanthropy is not limited to himself.
He has also helped many talented individuals achieve their goals.
He has been a mentor to many young entrepreneurs and has provided them with the resources and guidance they need to succeed.
What Is Jim Bernhard’s Net Worth?
Jim Bernhard’s net worth is estimated to be around $1.2 billion, making him one of the wealthiest people in Louisiana.
Bernhard’s investment activities have played a significant role in his wealth accumulation.
He founded and partnered with Bernhard Capital Partners (BCP), a private equity firm specializing in energy and infrastructure investments.
Through BCP, Bernhard has made several successful investments, including acquiring and selling Bernhard LLC, a premier energy-as-a-service (EaaS) provider.
In addition to his investment activities, Bernhard owns a private plane, which he uses for business and personal travel.
The plane symbolizes his success and wealth and reflects his status as a high-net-worth individual.
Bernhard’s net worth significantly increased in 2013 when he sold $40 million worth of Shaw Group stock.
The sale resulted from CB&I’s acquisition of Shaw Group, where Bernhard was serving as CEO at the time.
Furthermore, Bernhard has also been granted restricted stock in several companies throughout his career.
These stocks have appreciated over time, contributing to his overall net worth.
What Are Jim Bernhard’s Sources of Income?
Jim Bernhard is a successful businessman and entrepreneur who has accumulated a significant net worth through various business ventures.
Bernhard’s income comes from various industries, including energy services, infrastructure, and private equity investments.
Bernhard Capital Partners
Bernhard Capital Partners (BCP) is a private equity firm founded by Jim Bernhard in 2013.
The firm focuses on investing in companies that provide services to the energy industry, including oil and gas, power generation, and renewable energy.
BCP’s portfolio includes Magnolia LNG, Bernhard Energy, and Gulf Coast Specialty Energy Services.
Jim Bernhard has earned a significant portion of his net worth through BCP.
Shaw Group
Jim Bernhard is also known for founding The Shaw Group in 1987, a company that provided engineering, construction, and maintenance services to the energy industry.
The Shaw Group grew rapidly under Bernhard’s leadership and was eventually acquired by Chicago Bridge & Iron (CB&I) in 2013 for $3 billion.
Bernhard received a significant payout from the acquisition, contributing to his net worth.
Energy Services Industry
Bernhard’s experience in the energy services industry has been a significant source of income.
He has been involved in numerous service projects and solutions, including constructing power plants, pipelines, and other energy infrastructure.
Bernhard’s focus on quality service and his vision for the industry have helped him to establish a reputation as an aggressive and successful contracting company.
Service Provider Ventures
Jim Bernhard has also invested in service provider ventures, including Stone & Webster, which provided engineering and construction services to the energy industry.
Bernhard’s investment in Stone & Webster was part of a joint venture with CB&I, which eventually acquired the company in 2012.
Bernhard’s involvement in Stone & Webster helped diversify his income sources.
Investments in Infrastructure
In addition to his investments in the energy industry, Jim Bernhard has invested in infrastructure projects, including toll roads and bridges.
Bernhard’s investments in infrastructure have helped him to diversify his portfolio and generate additional sources of income.
Frequently Asked Questions
What is the estimated value of Jim Bernhard’s assets?
As of 2024, Jim Bernhard’s net worth is estimated to be around $1.2 billion.
However, this figure may vary depending on the source of information and the valuation methods used.
How has Jim Bernhard’s net worth changed over the years?
Jim Bernhard’s net worth has grown significantly thanks to his successful business ventures.
He started The Shaw Group in 1987 with a small personal investment.
He grew the company into one of the leading global energy services firms with over $6 billion in revenue and 25,000 employees.
After selling The Shaw Group in 2013, he founded Bernhard Capital Partners, which has continued to acquire and invest in various companies.
What are the major sources of income contributing to Jim Bernhard’s net worth?
Jim Bernhard’s major sources of income include his investments in various companies through Bernhard Capital Partners and his ownership stakes in other businesses.
He also earns income from his various real estate properties and other assets.
What properties contribute to Jim Bernhard’s wealth?
Jim Bernhard owns various real estate properties, including commercial and residential properties and land.
His notable properties include the Shaw Center for the Arts in Baton Rouge, Louisiana, and the historic Hotel Bentley in Alexandria, Louisiana.
Who are the members of Jim Bernhard’s immediate family?
Jim Bernhard has been married to his wife, Dana Bernhard, for many years, and they have three children together.
However, he prefers to keep his personal life private and does not publicly share much information about his family.
What philanthropic activities is Jim Bernhard known for?
Jim Bernhard is known for his philanthropic activities, particularly in education, healthcare, and the arts.
He has donated millions to various charities and organizations, including Louisiana State University, Our Lady of the Lake Regional Medical Center, and the Shaw Center for the Arts.
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