Donald Rumsfeld Net Worth

Table

Here is a table summarizing the information about Donald Rumsfeld:

What is Donald Rumsfeld’s Net Worth?

Donald Rumsfeld had a net worth of $200 million at the time of his death in June 2021. He accumulated his wealth through his career as a politician and businessman. Rumsfeld is best known for serving as Secretary of Defense from 1975 to 1977 and again from 2001 to 2006. He also held various executive positions in leading corporations and made strategic investments.

Highlights

– Donald Rumsfeld had a net worth of $200 million at the time of his death in June 2021.

– He served as Secretary of Defense from 1975 to 1977 and again from 2001 to 2006.

– Rumsfeld held executive positions in companies such as G. D. Searle & Company and General Instrument Corporation.

– He earned millions of dollars as an advisor and owned significant real estate.

Early Life

Donald Rumsfeld was born on July 9, 1932, in Evanston, Illinois. He attended Princeton University, where he graduated in 1954 with a degree in political science. After his university studies, Rumsfeld served in the Navy for three years before embarking on his political career.

Career

Rumsfeld’s political career began when he successfully ran for Congress to represent Illinois’ 13th district. He served three terms from 1962 to 1969. In 1969, he joined the Nixon White House as the Director of the Office of Economic Opportunity and Counselor to the President. Rumsfeld then served as the United States Permanent Representative to NATO from 1973 to 1974 and as White House Chief of Staff from 1974 to 1975.

From 1975 to 1977, Rumsfeld served as Secretary of Defense under President Gerald Ford. His tenure as Secretary of Defense from 2001 to 2006, under President George W. Bush, was marked by the United States’ response to the September 11, 2001 attacks and the subsequent wars in Afghanistan and Iraq.

Aside from his political career, Rumsfeld also made significant contributions in the business sector. He served as the CEO and Chairman of G. D. Searle & Company, playing a crucial role in its turnaround before it was sold to Monsanto. Rumsfeld also held the positions of Chairman and CEO of General Instrument Corporation from 1990 to 1993, and Chairman of Gilead Sciences, Inc. from 1997 to 2001.

Personal Life

Donald Rumsfeld passed away on June 29, 2021, at the age of 88. Throughout his life, he maintained a relatively private personal life. Further details about his personal life, including relationships and family, are not extensively documented.

Net Worth Over Time

Donald Rumsfeld’s estimated net worth fluctuated over time. Prior to becoming Secretary of Defense in 2001, his net worth was estimated to be in the range of $50 to $210 million. However, he faced challenges divesting his stock portfolio to avoid potential conflicts of interest, which led to delays in meeting the required deadline.

By June 2021, Rumsfeld had sold between $20 and $90 million worth of assets to remove conflicts. He sold all individual stock holdings and limited partnership shares, placing $50 million in a blind trust and $55 million in tax-free municipal bonds. His final disclosure in 2006 indicated a net worth of $127 million.

Components of Net Worth

Donald Rumsfeld’s net worth primarily consisted of various investments, executive compensation, and real estate holdings. Throughout his career, he held executive positions in corporations such as G. D. Searle & Company and General Instrument Corporation, earning substantial income.

Additionally, Rumsfeld served as an advisor to companies like Nvidia Corp, for which he received significant compensation. He also owned between $7 and $23 million worth of real estate holdings.

Sources: celebritynetworth.com

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