What is George W. Bush's Net Worth?
George W. Bush is an American politician, businessman, and author with a net worth of $50 million. He served as the 43rd President of the United States from 2001 to 2009, winning a closely contested race against Al Gore. His presidency was marked by major events including the September 11 attacks, the War on Terror, and the invasions of Afghanistan and Iraq, targeting the Taliban, al-Qaeda, and Saddam Hussein.
Domestically, Bush implemented tax cuts and education reform through the No Child Left Behind Act but faced criticism over his handling of Hurricane Katrina in 2005. He is the son of George H.W. Bush, the 41st President of the United States.
Before his political career, Bush was an oil investor and part owner of the Texas Rangers.
Early Life
Born on July 6, 1946, in Connecticut, George W. Bush grew up in a politically active family. His mother, Barbara Bush, was married to George H.W. Bush. Bush was raised alongside four siblings, including Jeb Bush. He attended prep schools and boarding school in Massachusetts before studying history at Yale and earning an MBA from Harvard Business School.
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Military Service
Bush served in the Texas Air National Guard during the Vietnam War era but never saw combat. He logged numerous flight hours, drilled with the Guard, and enjoyed a promotion before being honorably discharged due to his political ambitions, missed drills, and physical exams.
Oil Investments
In 1977, Bush founded Arbusto Energy, which later became Bush Exploration. He also had roles in other oil companies like Spectrum 7 and HKN, Inc., facing charges of insider trading along the way.
Texas Rangers
Bush's investment in the Texas Rangers proved highly profitable. Leading a group of investors, he helped acquire the baseball team in 1989. With an initial 1.8% ownership and further contributions, he gained a 12% stake. Bush was actively involved as managing partner until stepping down upon being elected governor in 1994. In 1998, he sold his stake for $15 million after taxes.
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Political Career
Bush first ran for the House of Representatives in 1978 but lost. He actively supported his father’s presidential campaigns in 1988 and 1991. In 1994, he was elected governor of Texas, advocating for tax cuts and expanding wind energy. He announced his presidential campaign in 2000, ultimately winning a controversial election.
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Presidency
Bush's presidency was dominated by the repercussions of the September 11 attacks and subsequent wars in Iraq and Afghanistan. Although his approval ratings were initially high, they declined significantly during the 2008 financial crisis.
Personal Life
Bush married Laura Welch in 1977, and they have twin daughters. Post-presidency, he became a painter and enjoys golf and baseball.
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Real Estate
Bush's primary residence is in north Dallas, with an additional ranch in Crawford, Texas. His Dallas home is a 8,500-square-foot, single-story structure located close to his presidential library.
Controversy
Bush's military service has faced scrutiny, particularly allegations of preferential treatment and inconsistent attendance. He struggled with alcohol abuse, receiving a DUI in 1976. His presidency remains controversial, especially regarding the 2000 election and the Florida recount.
