George H. W. Bush

George H.W. Bush Net Worth 2025: Earnings & Career

George H.W. Bush, the 41st President of the United States, had a storied career that spanned politics, business, and military service. Born into a prominent family, he built a significant net worth through his various endeavors, including his time in the oil industry and his political roles.

Personal Profile About George H. W. Bush

Age, Biography, and Wiki

George Herbert Walker Bush was born on June 12, 1924, in Milton, Massachusetts. He passed away on November 30, 2018, at the age of 94. Bush was a decorated naval aviator in World War II and later became a successful businessman in the oil industry before entering politics. He served as a congressman, ambassador to the United Nations, and director of the CIA before becoming Vice President under Ronald Reagan and eventually President from 1989 to 1993.

Occupation Baseball Players
Date of Birth 12 June 1924
Age 101 Years
Birth Place Milton, Massachusetts, U.S.
Horoscope Gemini
Country U.S
Date of death 30 November, 2018
Died Place Houston, Texas, U.S.

Height, Weight & Measurements

Height 188 cm
Weight
Body Measurements
Eye Color
Hair Color

Dating & Relationship Status

Bush was married to Barbara Pierce from January 6, 1945, until her death on April 17, 2018. They had six children together: George W., Pauline (died in childhood), John (Jeb), Neil, Marvin, and Dorothy.

After leaving office in 1993, Bush was active in humanitarian activities, often working alongside Clinton. With the victory of his eldest son, George W. Bush, in the 2000 and 2004 presidential elections, the two became the second father–son pair to serve as the nation's president, following John Adams and John Quincy Adams. His second son, Jeb Bush, unsuccessfully sought the Republican presidential nomination in the 2016 primaries. Historians generally rank Bush as an above-average president.

Bush enrolled at Yale College, where he took part in an accelerated program that enabled him to graduate in two and a half years rather than the usual four. He was a member of the Delta Kappa Epsilon fraternity and was elected its president. He also captained the Yale baseball team and played in the first two College World Series as a left-handed first baseman. Like his father, he was a member of the Yale cheerleading squad and was initiated into the Skull and Bones secret society. He graduated Phi Beta Kappa in 1948 with a Bachelor of Arts degree in economics.

After graduating from Yale, Bush moved his young family to West Texas. Biographer Jon Meacham writes that Bush's relocation to Texas allowed him to move out of the "daily shadow of his Wall Street father and Grandfather Walker, two dominant figures in the financial world," but would still allow Bush to "call on their connections if he needed to raise capital." His first position in Texas was an oil field equipment salesman for Dresser Industries, which was led by family friend Neil Mallon. While working for Dresser, Bush lived in various places with his family: Odessa, Texas; Ventura, Bakersfield and Compton, California; and Midland, Texas. In 1952, he volunteered for the successful presidential campaign of Republican candidate Dwight D. Eisenhower. That same year, his father won election to represent Connecticut in the United States Senate as a member of the Republican Party.

Parents
Husband Barbara Pierce (m. 1945-April 2018)
Sibling
Children

Net Worth and Salary

As of 2018, George H.W. Bush's net worth was estimated at $25 million. His wealth grew significantly during his life, partly due to his business ventures and post-presidential activities, such as speeches and advisory roles.

Because of the family's wealth, Bush was largely unaffected by the Great Depression. He attended Greenwich Country Day School from 1929 to 1937 and Phillips Academy, an elite private academy in Massachusetts, from 1937 to 1942. While at Phillips Academy, he served as president of the senior class, secretary of the student council, president of the community fund-raising group, a member of the editorial board of the school newspaper, and captain of the varsity baseball and soccer teams.

Early Career

Bush began his career as a naval aviator during World War II. After the war, he attended Yale University and graduated in 1948. He then joined the oil industry in Texas, co-founding Zapata Petroleum Corporation and Zapata Offshore, becoming a millionaire by the age of 40.

Born into a wealthy, established family in Milton, Massachusetts, Bush was raised in Greenwich, Connecticut. He attended Phillips Academy and served as a pilot in the United States Navy Reserve during World War II before graduating from Yale and moving to West Texas, where he established oil company Zapata Corporation. Following an unsuccessful run for the United States Senate in 1964, he was elected to represent Texas's 7th congressional district in 1966. President Richard Nixon appointed Bush as the ambassador to the United Nations in 1971 and as chairman of the Republican National Committee in 1973. President Gerald Ford appointed him as the chief of the Liaison Office to the People's Republic of China in 1974 and as the director of Central Intelligence in 1976. Bush ran for president in 1980 but was defeated in the Republican presidential primaries by Reagan, who then selected Bush as his vice presidential running mate. In the 1988 presidential election, Bush defeated Democrat Michael Dukakis.

He was the second son of Prescott Bush and Dorothy (née Walker) Bush, and a younger brother of Prescott Bush Jr. His paternal grandfather, Samuel P. Bush, worked as an executive for a railroad parts company in Columbus, Ohio, while his maternal grandfather and namesake, George Herbert Walker, led Wall Street investment bank W. A. Harriman & Co. Walker was known as "Pop", and young Bush was called "Poppy" as a tribute to him.

The Bush family moved to Greenwich, Connecticut, in 1925, and Prescott took a position with W. A. Harriman & Co., which later merged into Brown Brothers Harriman & Co. the following year. Bush spent most of his childhood in Greenwich, at the family vacation home in Kennebunkport, Maine, or at his maternal grandparents' plantation in South Carolina.

With support from Mallon and Bush's uncle, George Herbert Walker Jr., Bush and John Overbey launched the Bush-Overbey Oil Development Company in 1951. In 1953, he co-founded the Zapata Petroleum Corporation, an oil company that drilled in the Permian Basin in Texas. In 1954, he was named president of the Zapata Offshore Company, a subsidiary which specialized in offshore drilling. Shortly after the subsidiary became independent in 1959, Bush moved the company and his family from Midland to Houston. There, he befriended James Baker, a prominent attorney who later became an important political ally. Bush remained involved with Zapata until the mid-1960s, when he sold his stock in the company for approximately $1 million.

After the 1970 Senate election, Bush accepted a position as a senior adviser to the president, but he convinced Nixon to instead appoint him as the U.S. Ambassador to the United Nations. The position represented Bush's first foray into foreign policy, as well as his first major experiences with the Soviet Union and China, the two major U.S. rivals in the Cold War. During Bush's tenure, the Nixon administration pursued a policy of détente, seeking to ease tensions with both the Soviet Union and China. Bush's ambassadorship was marked by a defeat on the China question, as the United Nations General Assembly voted, in Resolution 2758, to expel the Republic of China and replace it with the People's Republic of China in October 1971. In the 1971 crisis in Pakistan, Bush supported an Indian motion at the UN General Assembly to condemn the Pakistani government of Yahya Khan for waging genocide in East Pakistan (modern Bangladesh), referring to the "tradition which we have supported that the human rights question transcended domestic jurisdiction and should be freely debated". Bush's support for India at the UN put him into conflict with Nixon who was supporting Pakistan, partly because Yahya Khan was a useful intermediary in his attempts to reach out to China and partly because the president was fond of Yahya Khan. In 1972, during a controversy over whether the United States was intentionally bombing civilian hydrological infrastructure in Vietnam, Bush was sent by Nixon to convince Kurt Waldheim of the United States' position. Bush, who was himself a fighter pilot in the Second World War, was "unwilling to press his assigned case that the dikes had been spared," and told reporters "I think that the best thing I can do on the subject is shut up."

After Nixon won a landslide victory in the 1972 presidential election, he appointed Bush as chair of the Republican National Committee (RNC). In that position, he was charged with fundraising, candidate recruitment, and making appearances on behalf of the party in the media.

Upon his ascension to the presidency, Ford strongly considered Bush, Donald Rumsfeld, and Nelson Rockefeller for the vacant position of vice president. Ford ultimately chose Nelson Rockefeller, partly because of the publication of a news report claiming that Bush's 1970 campaign had benefited from a secret fund set up by Nixon; Bush was later cleared of any suspicion by a special prosecutor. Bush accepted appointment as Chief of the U.S. Liaison Office in the People's Republic of China, making him the de facto ambassador to China. According to biographer Jon Meacham, Bush's time in China convinced him that American engagement abroad was needed to ensure global stability and that the United States "needed to be visible but not pushy, muscular but not domineering".

Social Network

Bush was not active on social media during his lifetime. However, his legacy is often discussed on platforms like Twitter and Facebook by his family members and political analysts.

Foreign policy drove Bush's presidency as he navigated the final years of the Cold War and played a key role in the reunification of Germany. He presided over the invasion of Panama and the Gulf War, ending the Iraqi occupation of Kuwait in the latter conflict. Though the agreement was not ratified until after he left office, Bush negotiated and signed the North American Free Trade Agreement, which created a trade bloc consisting of the United States, Canada and Mexico. Domestically, Bush reneged on a 1988 campaign promise by enacting legislation to raise taxes to justify reducing the budget deficit. He championed and signed three pieces of bipartisan legislation in 1990, the Americans with Disabilities Act, the Immigration Act and the Clean Air Act Amendments. He also appointed David Souter and Clarence Thomas to the Supreme Court. Bush lost the 1992 presidential election to Democrat Bill Clinton following an economic recession, his turnaround on his tax promise, and the decreased emphasis of foreign policy in a post–Cold War political climate.

By the early 1960s, Bush was widely regarded as an appealing political candidate, and some leading Democrats attempted to convince Bush to become a Democrat. He declined to leave the Republican Party, later citing his belief that the national Democratic Party favored "big, centralized government". The Democratic Party had historically dominated Texas, but Republicans scored their first major victory in the state with John G. Tower's victory in a 1961 special election to the United States Senate. Motivated by Tower's victory and hoping to prevent the far-right John Birch Society from coming to power, Bush ran for the chairmanship of the Harris County Republican Party, winning election in February 1963. Like most other Texas Republicans, Bush supported conservative Senator Barry Goldwater over the more centrist Nelson Rockefeller in the 1964 Republican Party presidential primaries.

Following the resignation of Vice President Agnew in 1973 for a scandal unrelated to Watergate, Bush was considered for the position of vice president, but the appointment instead went to Gerald Ford. After the public release of an audio recording that confirmed that Nixon had plotted to use the CIA to cover up the Watergate break-in, Bush joined other party leaders in urging Nixon to resign. When Nixon resigned on August 9, 1974, Bush noted in his diary that "There was an aura of sadness, like somebody died... The [resignation] speech was vintage Nixon—a kick or two at the press—enormous strains. One couldn't help but look at the family and the whole thing and think of his accomplishments and then think of the shame... [President Gerald Ford's swearing-in offered] indeed a new spirit, a new lift."

Bush's tenure at the CIA ended after Carter narrowly defeated Ford in the 1976 presidential election. Out of public office for the first time since the 1960s, Bush became chairman on the executive committee of the First International Bank in Houston. He also spent a year as a part-time professor of Administrative Science at Rice University's Jones School of Business, continued his membership in the Council on Foreign Relations, and joined the Trilateral Commission. Meanwhile, he began to lay the groundwork for his candidacy in the 1980 Republican Party presidential primaries. In the 1980 Republican primary campaign, Bush faced Ronald Reagan, who was widely regarded as the front-runner, as well as other contenders like Senator Bob Dole, Senator Howard Baker, Texas Governor John Connally, Congressman Phil Crane, and Congressman John B. Anderson.

Education

George H.W. Bush's life was marked by a blend of public service and private business, reflecting his commitment to both politics and entrepreneurship. His legacy continues to influence American politics and international relations.

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