Have you ever wondered how much the net worth of Donald Rumsfeld is? If you want to get that information, you have to read this whole article. Here we are going to share the net worth of Donald Rumsfeld and other information related to him.
Donald Rumsfeld’s net worth
According to the research, Donald Rumsfeld had a net worth of $200 million at the time of his death in June 2021. He was an American politician and businessman. He is probably most popular for being Secretary of Defense from 1975 to 1977. Then, again from 2001 to 2006. Also, Donald Rumsfeld served as White House Chief of Staff during the Ford Administration. Donald Rumsfeld was the youngest and the oldest person to have taken the Secretary of Defense position.
In the text above, we reveal the net worth of Donald Rumsfeld. As we said, Donald Rumsfeld had a net worth of $200 million at the time of his death in June 2021. In this paragraph, let us talk about his wealth disclosures in more detail.
Donald Rumsfeld obtained a fortune in the private sector, when not in the public sector. Rumsfeld served as the CEO and Chairman of a company, G. D. Searle & Company, championing its turnaround before being sold to Monsanto. Donald Rumsfeld served as a Chairman and CEO of General Instrument Corporation from 1990 to 1993. From 1997 until being sworn in as Secretary of Defense in the year of 2001, he served as the Chairman of Gilead Sciences, Inc, that developed a treatment for bird flu. Rumsfeld was paid millions to be an advisor to Nvidia Corp and owned between 7 million dollars and 23 million dollars worth of the real estate.
Before being named Secretary of Defense in the year of 2001, Donald Rumsfeld estimated his net worth to be in the $50 to $210 million range. When Rumsfeld took office in January 2001, Rumsfeld was given 4 months to divest his stock portfolio to relieve potential conflicts of the interest. Donald Rumsfeld missed that deadline as around 100 million dollars of his fortune was in the form of the complex private investment partnerships which could not be easily liquidated. For example, the venture capital investments in non-public biotech, internet and energy companies.
When responding to the Office of Government Ethics regarding his delay, Donald Rumsfeld complained that he had been forced to spend around 60,000 dollars on accountants’ fees to fill out the excessively complex and confusing forms as he did not have the time to fill them out personally. Rumsfeld further complained that the forms were very complex that no human being, college educated or not, will be able to understand them.
In June 2021, Donald Rumsfeld had sold between 20 million dollars and 90 million dollars worth of assets to remove conflicts. Eventually, Donald Rumsfeld sold all individual stock holdings and limited partnership shares, placing $50 million in a blind trust and $55 million in tax free municipal bonds.
Donald Rumsfeld’s wealth disclosure in 2004 listed his personal net worth at $137 million. In the year of 2005, the number dipped to 115 million dollars. According to his final disclosure in the year of 2006, Donald Rumsfeld left the White House with a net worth of 127 million dollars. Among his biggest assets were a retirement account which held between 25 million dollars and 50 million dollars, a money market savings account holding between 7 million dollars and 35 million dollars and a number of large equity investments.
Donald Rumsfeld’s Biography
Some of you may not know who Donald Rumsfeld is. To know who Donald Rumsfeld is, you are able to read the following text. In this part, we are going to reveal his biography. Make sure you do not miss any information related to him.
We get information that Donald Rumsfeld was born on July 9, 1932 in Evanston, Illinois. He attended Princeton University, and graduated in 1954 with a degree in political science. Later, he served in the Navy for three years. After leaving the Navy, he successfully ran for Congress to represent Illinois’ 13th district. Donald Rumsfeld was 30 years old when elected, and went on to serve three terms from 1962 to 1969.
In the year of 1969, Donald Rumsfeld joined the Nixon White House as the Director of the Office of Economic Opportunity and Counselor to the President. From 1973 to 1974, Donald Rumsfeld was the United States Permanent Representative to NATO. Then, he served as White House Chief of Staff from 1974 to 1975. From 1975 to 1977, Donald Rumsfeld served as Secretary of Defense for Gerald Ford. His 2001 to 2006 stint as Secretary of Defense, is considered one of the most vital in recent history. He was one of the key people in planning the United States’ response to the September 11, 2001 attacks, that w included two wars: One in Iraq and one in Afghanistan.
Need to know that Donald Rumsfeld was one of the more outspoken members of the Bush administration who championed the theory that Iraq was stockpiling the weapons of the mass destruction. No WMDs were ever discovered, and it would be generally accepted that the administration’s facts were extremely light or perhaps based on lies. Even though Donald Rumsfeld was adored by the media for his outspokenness when the wars lingered Rumsfeld gave in his resignation in late 2006. Soon after, Donald Rumsfeld published his autobiography entitled “Known and Unknown: A Memoir.”
Donald Rumsfeld married Joyce P. Pierson on December 27, 1954. They had three children, six grandchildren, and also one great-grandchild. Rumsfeld attended Case Western Reserve University School of Law and Georgetown University Law Center, but did not take a degree from either institution. He died on June 29, 2021 when he was 88 years old.
Well, the text above is an explanation about Donald Rumsfeld’s net worth, his wealth disclosures and Donald Rumsfeld’s Biography. If you want to ask any question related to him, comment in the section below.