Born on 12 June 1924, in Milton, Massachusetts, the 41st President of the United States who served in the office from 1989 until ‘93, is George Herbert Walker Bush, who prior to his Presidency was the Vice-President to President Ronald Reagan from 1981 ‘til 1989. He also served as the US Ambassador to the United Nations, Director of the Central Intelligence Agency, Chairman of the Republican National Committee, and a member of the US House of Representatives for Texas.
So just how rich is George H.W. Bush, as of early 2017? Authoritative sources estimate that Bush’s net worth is now over $25 million, accumulated from political positions, military service, business, authorship and speaking engagements, during his long career which began in 1942.
George H. W. Bush Net Worth $25 Million
George H.W. was educated at Phillips Academy, Massachusetts, but enlisted into the US Navy on his 18th birthday, becoming the youngest Navy pilot in World War 2, and flying over 50 combat missions in torpedo bombers, being awarded the Distinguished Flying Cross among other medals.
After the war, Bush graduated from Yale University in 1948 with an economics degree, then moved to Texas, becoming involved in the oil industry, and opening his own business in 1953 when he co-created the Zapata Petroleum Corporation. The company successfully searched for oil in the Permian Basin, subsequently producing oil and gas, such that Bush became a millionaire by the time he was 40. He went on to serve as the president and then chairman of a Zapata subsidiary company entitled “Zapata Offshore Company”.
In the early ‘60s, Bush began to take a serious interest in politics, and consequently joined the Republican Party, soon being elected local chairman, and was then elected to the House of Representatives in 1966, serving two terms before losing in a bid for the Senate. However, President Richard Nixon appointed him US Ambassador to the United Nations in 1971, which he held for two years before becoming chairman of the Republican party, but then President Gerald Ford named him unofficial ambassador to China in 1974, and Director of the CIA in 1976 for two years.
From 1977 to 1981, Bush mixed academia at Rice University with business in the First International Bank in Houston, and being Director of the Council on Foreign Relations, before losing the presidential primaries to Ronald Reagan, but then becoming his Vice-President, from 1981 to ’89 and serving with distinction, which eventually saw him succeed as the 41st President of the United States.
Despite a strong performance in foreign affairs, economic problems saw Bush defeated by Bill Clinton in 1993, since when he has written about his career, and been in demand as a public speaker. He has also taken a keen interest in The George Bush Presidential Library and Museum established at Texas A&M University in College Station, Texas.
In his less-than-private personal life, Bush married Barbara Pierce in 1945, and they have six children, several of whom merit their own article, including George W., the 43rd President!
