What is George H.W. Bush Net Worth ?
George H.W. Bush was an American politician and former American President who had a net worth of $25 million at the time of his death in 2018. Many of the Bush children are also involved in politics, most notably his eldest son George W. Bush who also served as President of the United States. His son Jeb Bush served as the Governor of Florida.
Personal LIfe: George H. W. Bush married Barbara Pierce Bush in 1945. They would eventually have six children. His three-year-old daughter Robin tragically died from leukemia in 1953. On April 17, 2018, Former First Lady Barbara Bush died at the age of 92 at her home in Houston, Texas. George H. W. Bush died just seven months later, on November 30, 2018. He had suffered from Grave’s disease and a form of Parkinson’s disease and had been confined to a wheelchair for some of his final years.
Early Life: George Herbert Walker Bush was born on June 12, 1924, in Milton, Massachusetts. He grew up in Greenwich, Connecticut. His father was a very successful investment banker. Due to his family’s wealth, they were largely unaffected by the Great Depression. Bush attended Greenwich Country Day School and Phillips Academy in Massachusetts, serving as president of the senior class and graduating in 1942.
Bush enlisted in the Navy as a naval aviator and served in the Pacific during World War II immediately following his graduation. During an attack on Chicijima, Bush’s aircraft was downed by enemy fire and both of his fellow crew members died. Several aviators shot down during the attack were captured and executed and cannibalized by their captors, but Bush was successfully rescued by the USS Fin back. Bush was released from active duty in September 1945, and he subsequently graduated from Yale with honors in 1948.
Early Career and Entry into Politics: After college, Bush moved his young family to West Texas where he launched a successful career in the oil business. He became a millionaire by age 40 and went on to get involved in politics. By the early ’60s, he was widely regarded as an appealing political candidate in the Republican Party. An unsuccessful 1965 run for Senate gave way to him winning a seat in the US House of Representatives in Texas’s 7th congressional district.
He was then appointed by Nixon as Chair of the Republican National Committee in 1972. It was during his tenure at the RNC that the Watergate scandal emerged into public view. In January 1976, Bush became the Director of Central Intelligence and was in charge of the CIA, whose reputation had been damaged for its role in various covert operations during Watergate.
Presidency: In 1988, Bush ran a successful presidential campaign, beating out Democrat Michael Dukakis, to succeed Reagan as the 41st President of the United States. He was the first incumbent vice president to be elected president since Martin Van Buren in 1836. Bush was the last veteran of World War II to serve as President. Foreign policy drove his presidency as he navigated the final years of the Cold War and the reunification of Germany.
During his time in office, military operations were conducted in Panama and the Persian Gulf, The Berlin Wall also fell, in 1989, and the Soviet Union dissolved two years later. He also negotiated and signed NAFTA (North American Free Trade Agreement). Bush reneged on a 1988 campaign promise by signing a bill that increased taxes but helped to reduce the federal budget deficit. During his presidency,
Bush drove attention to voluntary service as a means to solve America’s most serious social problems. He also signed the Americans with Disabilities Act of 1990 and appointed two Supreme Court judges, David Souter and Clarence Thomas. His speeches were famous for using the phrase “a thousand points of light” to describe the power of citizens to solve community problems.
Honors: Bush was named Time magazine’s Man of the Year in 1990. In 1997, the Houston airport was renamed the George Bush Intercontinental Airport. In 1999, the CIA headquarters was named the George Bush Center for Intelligence in his honor.