Early Life
Daniel Howard "Dan" Wilks, along with his brother Farris, grew up in Cisco, Texas. Their father, Voy Wilks, was a bricklayer. The family had humble beginnings, even living in a former goat shed at one point. Voy's dedication to providing for his family would later inspire his sons to build their own financial empire.
Rise to Success
The Wilks brothers followed in their father's footsteps and became masons. In 1995, they founded Wilks Masonry, a construction company that laid the groundwork for their future success. In 2002, they established Frac Tech, a hydraulic fracturing company, capitalizing on the booming shale industry. The rapid growth and profitability of Frac Tech led to a significant financial milestone in 2011 when they sold their 70% interest for $3.5 billion. This sale cemented their status as successful entrepreneurs and catapulted them into the ranks of the world's wealthiest individuals.
Key Business Strategies
The Wilks brothers' success can be attributed to several key business strategies. First, they identified and capitalized on the burgeoning hydraulic fracturing industry. Second, their willingness to take calculated risks and make strategic investments propelled their growth. Moreover, their focus on building a strong company culture and fostering innovation helped them to stay ahead of the competition.
Philanthropy
Dan Wilks, along with his brother Farris, has been involved in philanthropic activities, supporting religious and conservative causes. Through the Heavenly Father's Foundation, he has supported several organizations.
