John Clifton Bogle was born on 8 May 1929, in Montclair, New Jersey USA, and is a successful businessman, the founder of The Vanguard Group, and popular writer. John is mostly known to the public for his bestselling book “Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor”. He was acclaimed as one of the world’s 100 most powerful and influential people by Time magazine in 2004.
There might occur the question as to how rich is John Bogle? Authoritative sources estimate that John’s net worth is over $8o million as of mid-2016, which has mainly come from his investments and books that he has written during a working life spanning more than six decades.
John Bogle Net Worth $80 Million
John Bogle’s family was virtually bankrupted during the depression of the ’30s, educated at Manasquan high school on scholarship, and his results qualified him for the Blair Academy and later Princeton University, and the University of Pennsylvania. It shows that Bogle was really eager to learn as much as he could and it paid off as he became one of the most successful businessmen. Bogle started work in Wellington Management Company for Walter L. Morgan, involved in investment, and was eventually promoted to the position of the chairman, unfortunately, due to some poor decisions John was fired. Despite the fact that the experience in this work was not that perfect, according to John himself he learned a lot during this period. What is more, it also added to John Bogle’s net worth.
In 1974 John made a decision that changed his life, when he decided to created The Vanguard Group. The company soon became very popular, as it proved to be one of the best mutual fund companies in the world. The founding of this company and its great success made a huge impact on Bogle’s net worth, and helped him gain acclaim. As different investment is one of the main sources of Bogle’s net worth, he has his own strategy on how to make these investments, and even created a set of rules for investors, and shares those rules with a myriad of potential investors.
The necessity for a heart by-pass in the mid-’90s saw John relinquish his position to long term associate John Brennan, but his return saw some conflict of ideas, so Bogle moved sideways to Bogle Research, which allowed him to develop more of his own ideas.
In addition, Bogle is also a member of board of trustees in Blair Academy and National Constitution Center. Probably that is why John wrote so many books related with investment. Some of them include “Bogle on Mutual Funds: New Perspectives for the Intelligent Investor”, “Character Counts: The Creation and Building of The Vanguard Group”, “The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns”, not forgetting his bestselling book “Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor”. All these books added considerably to John Bogle’s net worth.
In 1989 John was named by Fortune magazine as ‘one of the four giants of 20th century investment’, and in the same year was rewarded with the Woodrow Wilson Award for ‘distinguished achievement in the nation’s service’. The Institutional Investor’s Lifetime Achievement Award followed in 2004. John also has an honorary doctorate from Princeton University.
In his personal life, John Bogle and his wife Eve have six children.They now live in Bryn Mawr, Pennsylvania
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