What is George W. Bush's Net Worth?
Name: George W. Bush
Born: July 6th, 1946
Position: Former President of the United States
George W. Bush currently has a net worth of an estimated:
George Walker Bush was a very wealthy man when he was elected the 43rd President of the United States in 2000. The bulk of George W. Bush's wealth came from his savvy investment in the Texas Rangers baseball team in the late '80s.
In October of 1988, George W. Bush learned that a friend of the family, Eddie Chiles, was going to be putting the Texas Rangers baseball team up for sale.
In April of 1989, Bush organized a syndicate of investors to purchase a controlling stake in the Rangers for $89 million. Bush borrowed $500,000 to take a small stake in the club, and was eventually named as the team's co-general partner.
Over the years, Bush would continue to increase his stake in the club, eventually acquiring an equity stake of 1.8%. While George W. Bush was involved with the team, the Rangers managed to get a new ballpark built (The Ballpark in Arlington), which greatly increased the team's revenues and overall value.
In 1998, the Rangers were sold to Tom Hicks for $250 million, which was the second largest amount of money that was paid for a MLB club at the time. After factoring in his 10% escalator bonus, George W. Bush ended up walking away with $14.9 million.
During his time in the White House, President George W. Bush was obligated to file annual financial disclosure statements.
In his 2008 financial disclosure statement, President Bush was listed as having a net worth of between $6.1 million and $18.8 million (note: asset values are listed in ranges in the financial disclosure statements, which means that we don't know his exact net worth as of 2008).
Some of the largest assets that were listed on the statement included:
-1,583.226 Acre Ranch in McLennan Co. Texas (value of between $1,000,001 and $5,000,000)
-two US Treasury notes with a value of between $500,001 and $1,000,000
-$500,001 - $1,000,000 at UBS Financial Services
-Residential real estate in Dallas, Texas with an estimated value of between $1,000,001 and $5,000,000
-the contents of the George W. Bush Diversified Trust, which had a total value of between $500,001 and $1,000,000
The Bush family had one liability listed in the 2008 disclosure, and that was a mortgage at the Community National Bank in Midland, Texas of between $1,000,001 and $5,000,000
Since leaving the White House in early 2009, George W. Bush has published a memoir ("Decision Points") and made the occasional speech.
As a result of having served as President of the United States, George W. Bush receives an annual pension of $191,300, as well as a number of other perks including Secret Service protection and money to pay expenses (office rent, etc).
I would estimate George W. Bush's net worth to be approximately $20 million.
George W. Bush is worth 259 times more than the median US household
If George W. Bush sold everything that they owned, they could fund the United States' deficit spending for 0 days.
Note: Net Worth changes calculated at 4 pm EST daily
The net worth pages are strictly for entertainment purposes only. The information on these pages is based on speculation and shouldn't be construed as being accurate in any way.