Timothy Dunn & family

$1.80 B

Ranked #2242 in World

About Timothy Dunn & family

Timothy Marvin Dunn, born in 1955 in Big Spring, Texas, and a Texas Tech University alumnus, has significantly impacted the oil, gas, and political landscapes in Texas. As CEO and co-founder of CrownQuest Operating since 1996, Dunn has established the company as a major player in the Permian Basin, ranking as the eighth-largest oil producer in the state by 2022. His entrepreneurial success is paralleled by his profound influence in Texas politics, where he is recognized as a leading conservative benefactor, having contributed millions to steer the Texas Republican Party and Legislature further to the right. Dunn's substantial political donations, totaling almost USD$10 million to the Defend Texas Liberty PAC alone, underscore his role as a key figure in shaping conservative policies in Texas. Moreover, Dunn's involvement extends beyond business and politics into education and religion, where he supports initiatives rooted in Christian values, including founding the Midland Classical Academy and backing significant Christian and pro-life causes. Despite his controversial stands, Dunn remains a pivotal figure in Texas’s socio-political realm, underscored by his diversified contributions and conservative advocacy.

Born

December 18, 1955 in Littlefield, Texas, U.S.

Age

70 years

Source Of Wealth

Energy

Industries

Energy

Citizenship

United States

Residence

Midland, Texas

Education

Bachelor of Science in Engineering, Texas Tech University

Spouse

Terri Dunn (Married: 1977)

Children

Parent

Joe Dunn (father), Thelma Dunn (mother)

Timothy Marvin Dunn was born in 1955 in Big Spring, Texas, the youngest of four boys. He grew up in a Christian household and was an active member of his church. Dunn attended Big Spring High School, where he was an Eagle Scout and played basketball. He also played guitar in a band and was a member of the Fellowship of Christian Athletes.

Timothy Dunn & family: Family

Dunn met his wife, Terri Dunn (née Spannaus), at Texas Tech University. They married in 1977 and have six homeschooled children and 19 grandchildren. Tragically, their two-year-old granddaughter, Moriah Wimberly, passed away in 2015. Dunn wrote a book about their experience titled "Yellow Balloons: Finding Power To Live Above Your Circumstances" in 2018.

Timothy Dunn & family: Career Highlights

Dunn began his career as an engineer at Exxon Production Research Company in 1978. He then worked in banking at First City National Bank in Midland from 1980 to 1987, where he rose to the position of senior vice president and manager of oil and gas lending. In 1987, Dunn joined Parker & Parsley Petroleum, where he eventually became chief financial officer and oversaw securities transactions and supported tort reform.

In 1996, Dunn co-founded CrownQuest Operating, an oil and gas business. He currently serves as the company's CEO. CrownQuest controls significant portions of the Permian Basin and is the eighth-largest oil producer in Texas. Dunn was recognized as the top CEO of a large company by the Texas Independent Producers and Royalty Owners Association and Texas Monthly magazine in 2013.

Timothy Dunn & family: Companies

Dunn has been involved with several companies throughout his career, including:

Exxon Production Research Company
First City National Bank
Parker & Parsley Petroleum
CrownQuest Operating

Timothy Dunn & family: Major Achievements

Dunn's major achievements include:

Co-founding CrownQuest Operating, which has become a major player in the oil and gas industry.

Being named the top CEO of a large company by the Texas Independent Producers and Royalty Owners Association and Texas Monthly magazine in 2013.
Playing a key role in the growth of the Christian nationalism movement.

Timothy Dunn & family: Awards & Achievements

Dunn has received numerous awards and recognitions for his contributions to the business and political communities, including:

Top CEO of a large company by the Texas Independent Producers and Royalty Owners Association and Texas Monthly magazine (2013)
Distinguished Alumnus Award from Texas Tech University (2016)
Ronald Reagan Award from the Texas Public Policy Foundation (2018)

Timothy Dunn & family: Personal Life & Legacy

Dunn and his wife, Terri, reside in Midland, Texas, where they are active members of Midland Bible Church. One of their sons, David Dunn, is a Christian singer-songwriter. Dunn is known for his strong Christian faith and his commitment to conservative causes. He has been described as "a key player in the growing Christian nationalism movement" by Texas Monthly.

Timothy Dunn & family: Trivia

Dunn is an avid hunter and fisherman.
He is a licensed pilot and enjoys flying his own plane.
Dunn is a fan of the Dallas Cowboys and the Texas Tech Red Raiders.
He has written several books, including "Yellow Balloons: Finding Power To Live Above Your Circumstances" (2018) and "The Christian's Guide to Politics" (2020).

Wealth History

Timeline

1955

Timothy Marvin Dunn is born in Big Spring, Texas.

1974

Dunn graduates from Big Spring High School as an Eagle Scout.

1978

Dunn earns a degree in chemical engineering from Texas Tech University.

1978-1980

Dunn begins his career as an engineer at Exxon Production Research Company.

1980-1987

Dunn works in banking at First City National Bank in Midland, rising to the position of senior vice president and manager of oil and gas lending.

1987-1995

Dunn becomes an executive at Parker & Parsley Petroleum, eventually serving as chief financial officer and overseeing securities transactions.

1996

Dunn founds CrownQuest Operating and serves as its CEO.

2006

Dunn opposes the Texas tax reform proposal and presents an alternative plan to eliminate school property taxes.

2006

Dunn forms and becomes the primary financial backer of the conservative advocacy group Empower Texans.

2011

Dunn supports juvenile-justice reform legislation.

2013

Dunn is named top CEO of a large company by Texas Independent Producers and Royalty Owners Association and Texas Monthly magazine.

2015

Dunn's two-year-old granddaughter, Moriah Wimberly, dies.

2017

Dunn backs the Texas "bathroom bill" requiring Texans to use the same bathroom as the sex listed on their birth certificate.

2018

Dunn writes a book titled "Yellow Balloons: Finding Power To Live Above Your Circumstances" about the experience of losing his granddaughter.

2022

Dunn is the largest individual source of campaign funds in Texas.

2023

Dunn continues to be the largest individual source of campaign funds in Texas.

2024

Dunn helps more conservative candidates win multiple Texas House primary races against moderate incumbents.

Timothy Dunn & family : FAQs

What is Timothy Dunn's current net worth?

Timothy Dunn's current net worth is $1.80 billion.

What is Timothy Dunn's current global rank among billionaires?

Timothy Dunn holds the 2242nd position globally among billionaires.

What is Timothy Dunn's current ranking within the United States?

Timothy Dunn holds the 721st position in United States.

What was the change in Timothy Dunn's net worth compared to the previous year?

Timothy Dunn's net worth increased by 300 million dollars compared to the previous year 2025, when his net worth was 1.50 billion dollars.

What are Timothy Dunn's main sources of wealth?

Timothy Dunn's main source of income comes from Energy.

In which industry does Timothy Dunn primarily operate?

Timothy Dunn is primarily involved in the Energy industry.

What is Timothy Dunn educational background?

Timothy Dunn holds a Bachelor of Science in Engineering from Texas Tech University.

How old is Timothy Dunn?

Timothy Dunn is 70 years old.

How many children does Timothy Dunn have?

Timothy Dunn has 6 children.

Who is Timothy Marvin Dunn and what is he known for?

Timothy Marvin Dunn is an American businessman, CEO of CrownQuest Operating, a company he co-founded in 1996. He is also a billionaire and influential figure in Texas politics, known for being a major financial backer of conservative causes and organizations.

What are Timothy Dunn's educational achievements and early involvements?

Timothy Dunn graduated from Big Spring High School in 1974 as an Eagle Scout and earned a degree in chemical engineering from Texas Tech University in 1978. During his school years, he was involved in basketball, the Fellowship of Christian Athletes, and played guitar in a band.

Can you outline Timothy Dunn's career path and achievements in the oil industry?

Timothy Dunn's career began as an engineer at Exxon Production Research Company from 1978 to 1980. He then worked in banking at First City National Bank in Midland, became an executive at Parker & Parsley Petroleum, and founded CrownQuest Operating in 1996. His company, a significant player in the Permian Basin, was the eighth-largest oil producer in Texas in 2022. He was named top CEO of a large company by the Texas Independent Producers and Royalty Owners Association and Texas Monthly magazine in 2013.

What role does Timothy Dunn play in politics and community engagement?

Timothy Dunn is a prominent figure in Texas state and local politics, known as the most effective political donor in Texas for several years. He has been a major backer of conservative causes, founding Empower Texans and serving on the boards of several conservative and religious organizations. He has funded initiatives opposing tax reform proposals, supporting juvenile justice reform, and opposing the Equal Rights Amendment, among others.

How has Timothy Dunn contributed to education and religious organizations?

Timothy Dunn co-founded Midland Classical Academy and serves on its board of trustees. He is also on the board of directors for Grace School of Theology and the First Liberty Institute, and chairs the Christian Advisory Board of the Israel Allies Foundation. He staunchly supports Christian nationalist movements, anti-abortion causes, and funds various adoption services and foster homes in West Texas.