Early Life and Career
Michael Sabel's journey to becoming a billionaire started with a background in investment banking. Before co-founding Venture Global LNG in 2013, he gained experience in the financial sector, setting the stage for his later venture into the energy industry.
Rise to Success
Sabel co-founded Venture Global LNG with Robert Pender, and together they spearheaded the company's growth. Venture Global LNG has become one of the largest LNG export companies in the United States. The company's rapid ascent was fueled by the shale gas revolution and the rising global demand for cleaner-burning fuels like LNG. Key to their success was the development of major LNG export terminals in Louisiana. In January 2025, Venture Global went public with a valuation of nearly $60 billion. Sabel served as co-CEO until 2020, when Pender retired, and Sabel became the sole chief executive.
Key Business Strategies
Sabel's approach involved innovative strategies in the LNG industry. He and Pender focused on building large-scale facilities quickly and efficiently, which gave them a competitive edge. Venture Global LNG's strategy centered on the premise that countries moving away from oil and coal would increasingly turn to LNG as a transitional fuel. The company secured long-term contracts to secure financing and quickly expanded, making Venture Global LNG the biggest exporter of domestic LNG.
Philanthropy
Information regarding Michael Sabel's specific philanthropic initiatives and the amounts donated could not be located through search.
