Building personal wealth from mining, oil and gas.
The keys to mining, oil & gas executives’ personal financial success
As market conditions in the mining, oil and gas industries challenge companies to achieve financial success, mining executives also face many challenges to achieve personal financial success.
Although most executives have high incomes which allow them a degree of lifestyle choice and freedom, many do not maximise their opportunities to accumulate the significant wealth that they could.
Executives face issues which are particular to the mining, oil and gas industry including the pressure to acquire company shares, dealing with these share option schemes and structuring them appropriately, and planning an investment exit strategy when leaving or retiring.
Personal challenges also get in the way of mining executives’ ability to accumulate wealth – a lack of time to focus on their own personal finances, a lack of financial investment knowledge and training, travelling or moving overseas for work, and a lack of strategic planning are common.