Donald Rumsfeld was a politician, government official and businessman from America. From 1975 to 1977, he worked as Secretary of Defense under Gerald Ford and then under George W. Bush from 2001 to 2006. Do you want to know Donald Rumsfeld’s net worth? Let’s find out about it here together with the other information about Donald Rumsfeld.
Donald Rumsfeld Net Worth
According to Celebrity Net Worth, Donald Rumsfeld’s net worth was $200 million. On that site, here is where this wealth came from. When he was not in the public sector, he got money from the private sector. He worked as the CEO and Chairman of a company named G.D. Searle & Company. From 1990 to 1993, he worked as Chairman and CEO of General Instrument Corporation. From 1997 until he was sworn in as Secretary of Defense in 2001, he worked as the Chairman of Gilead Sciences, Inc, where it developed a treatment for bird flu. For being an advisor to Nvidia Corp, he was paid millions. He had between $7 and $23 million worth of real estate.
Before he was appointed to be Secretary of Defense in 2001, he estimated that his net worth was $50 to $210 million range. When he took office in January 2001 for the first time, four months were given to him to divest his stock portfolio to relieve potential conflicts of interest. He missed the deadline because roughly $100 million of his fortune was in the form of ‘complex private investment partnerships that were not easily liquidated’.
In 2004, it was revealed that his net worth was $137 million. In 2005, the number of his net worth decreased to $115 million. On the Celebrity Net Worth, it is explained that according to his final disclosure in 2006, he quit the White House with a net worth of $127 million.
A retirement account that held between $25 and $50 million, a money market savings account holding between $7 and $35 million and a number of large equity investments were some of his biggest assets.
Donald Rumsfeld Net Worth
Donald Henry Rumsfeld was born on July 9th, 1932 in Chicago, Illinois. His mother’s name was Jeannette Kearsley and his father’s name was George Donald Rumsfeld. His father was from a German family. Rumsfeld grew up in Winnetka Illinois and he became an Eagle Scout in 1949.
From 1943 to 1945, Rumsfeld lived in Coronado, California and his father was stationed on an aircraft carrier in the Pacific in World War II. Rumsfeld became a student of Baker Demonstration School and then he graduated from New Trier High School. He was a student of Princeton University on academic and NROTC partial scholarships. In 1954, he graduated with an A.B. in politics. He did it after completing a senior thesis.
During he was at Princeton, he was an accomplished amateur wrestler. He was also a captain of the varsity wrestling team and captain of the Lightweight Football team playing defensive back.
On December 27th, 1954, he married Joyce P. Pierson. And then, they had three children, six grandchildren and one great grandchild. He was a student of Case Western Reserve University School of Law and the Georgetown University Law Center. However, he did not take a degree from either institution.
Donald Rumsfeld Naval Service
From 1954 to 1957, in the United States Navy, Rumsfeld served as a naval aviator and flight instructor. In the North American SNJ Texan basic trainer is his initial training and then in 1957, he moved to the Naval Reserve and then continued his naval service in flying and administrative tasks as a drilling reservist.
At Naval Air Station Anacostia, District of Columbia, he was assigned to Anti-submarine Squadron 662 as a selective reservist on July 1st, 1958. On October 1st, 1960, aircraft commander of Anti-submarine Squadron 731 was designated by him at Naval Air Station Grosse Ile, Michigan. There, he flew the S2F Tracker. He moved to the Individual Ready Reserve when he became Secretary of Defense in 1975. In 1989, he retired and at that time his rank was captain.
Donald Rumsfeld Career in Government
Donald Rumsfeld worked as administrative assistant to David S. Dennison Jr., a Congressman who represented the 11th district of Ohio. It was in 1957. Then, in 1959, he became a staff assistant to Congressman Robert P. Griffin of Michigan.
He was chosen to the United States House of Representatives for Illinois’s 13th congressional district in 1962 when he was 30. Then, in 1964, 1966, and 1968, he was re-elected by large majorities. When he was in Congress, he worked on the Joint Economic Committee, the Committee on Science and Aeronautics and the Government Operations Committee and also on the Subcommittees on Military and Foreign Operations. The Japanese- American Inter-Parliamentary Council was also co-founded by him .
In 1974, he served during the presidency of Ford as his chief of staff. Then, Ford chose him to replace James Schlesinger as United States Secretary of Defense in 1975.
In 1969, he resigned from Congress because he served President Richard Nixon in his administration. He also served in a number of executive branch positions throughout the Nixon presidency. In February 1973, he decided to leave Washington. He did it to serve the North Atlantic Treaty Organization (NATO) as U.S. Ambassador in Brussels, Belgium. He worked as the Permanent Representative of the United States to the North Atlantic Council and the Defense Planning Committee and the Nuclear Planning Group.
In August 1974, Donald Rumsfeld was asked again to Washington with the aim to serve as the transition chairman for the new president, Gerald Ford.
He achieved a number of awards and reputation. Some of them are listed below.
- George C. Marshall Medal by the Association of the U.S. Army in 1984.
- Woodrow Wilson Medal by Princeton University in 1985.
- James H. Doolittle Award by the Hudson Institute in 2003.
- Grand Cross of the Order of Merit of the Republic of Poland in 2005.
- Grand Cordon of the Order of the Rising Sun in 2015
- and many more.
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