George Walker Bush was born on 6 July 1946, in New Haven, Connecticut, USA, of British, Irish, German and Dutch descent. Even though George W. Bush is mostly known as the 43rd President of USA, he has had other occupations too, having worked in oil business and co-owned a baseball team, as well as being the Governor of Texas.
So just how rich is the politician and businessman George W. Bush? Sources estimate that George W.’s net worth is $45 million, accumulated during his business and political careers over a period of more than 35 years. Additionally, his annual pension is $191,300.
George W. Bush Net Worth $45 Million
George W. is the son of George H.W. Bush, 41st President of the USA, and Barbara Bush. The family moved to Houston Texas when he was young, and stayed there until he was 12, then finished high school at Phillips Academy in Massachusetts. After he graduated from Yale University with a Bachelors degree in history in 1968, after which Bush joined the Texas Air National Guard. He then finished his MBA at Harvard Business School in 1976. Then he decided to stand for the election to the House of Representatives in 1978, but was unsuccessful. Instead, George W. Bush’s net worth was subsequently increased in the 1980s, as he developed several independent oil companies – the first was Bush Exploration which he merged with Spectrum 7. Another source of George W. Bush net worth was purchasing shares in the Texas Rangers baseball team. He invested around $800,000 in 1989, and walked away with $15 million when he sold them nine years later.
In 1987-88 he assisted and advised his father during a successful campaign for the presidency in 1988. After the election George W. decided to follow his own political career, and in 1994, he was successful and elected as the governor of Texas.
Four years later Bush made history as he was the first Texas governor to be elected for two consecutive terms. During his governorship, he formally announced his candidacy for President of the USA. In this Presidential election in 2000, he won in the race against his opponent, Al Gore. His first term as President was characterised by the terrorist attacks of 9/11 2001, after which Bush retaliated by invading Afghanistan and Iraq ostensibly to strike at the heart of the al-Qaeda terrorist organisation. However, he was also prominent in home affairs, approving tax cuts, the Patriot Act, Medicare prescription drug benefits, the Partial-Birth Abortion Ban Act, the No Child Left Behind Act, and funding for research into AIDS.
After his presidency of four years, Bush was re-elected for a second term in the 2004 election against Massachusetts Senator John Kerry. Unfortunately, this term was beset by economic problems, culminating with the so-called ‘Great Recession’ of 2007-8, including a virtual collapse of the banking system in the USA. Consequently, he is known for gaining substantial approval during his first term, and wide-spread criticism during his second.
Finally, his presidency ended in 2008 and his political life as well. Of course, George W.’s political life brought substantial financial rewards, but nothing like the amounts he might have earned in business.
After his presidency, Bush decided to return to a quiet life, free of work and business in Texas. Nevertheless, George W. Bush net worth has not decreased. In this period of his life, he has participated in speaking engagements, and he is known as a great public speaker. The former president has written a book – a memoir, with the title of Decision Points. His presidential library was also opened to the public in 2013. He also established the Clinton Bush Haiti Fund with former president Bill Clinton. It is a non-profit organization to aid the victims of the Haiti earthquake in 2010. Furthermore, he has started painting as a hobby. His subjects mostly include dogs and still life. He has also painted self-portraits and portraits of world leaders, including Vladimir Putin and Tony Blair.
In his personal life, George W. Bush has been married to Laura Lane Welch since 1977, and they have twin daughters.
