Stockton Rush is a well-established businessman and the CEO of the deep-sea exploration company OceanGate. He and his co-partner Guillermo Sohnlein founded OceanGate in 2009. OceanGate provides crewed submersibles for research, especially focused on tourism, industry, and exploration.
From his early age to the end of his breath, how he made his total wealth of money which is rumoured as estimated to be $12 Million.
A person’s net worth is usually calculated by subtracting the total value of liabilities from the assets (Net Worth = Assets – Liabilities). Stockton Rush net worth is not properly publicly announced, but as the subtraction of the value of total liabilities from the assets, it is concluded that he made around $12 Million in his whole living life. Let’s take a dive into the below section, to know how and where he made the total revenue in his whole life.
Before diving, let’s know about Stockton Rush in briefly.
Who is Stockton Rush?
Stockton Rush is an American businessman. He is the CEO of deep-sea exploration company OceanGate. Born on March 31, 1962, Stockton grew up in a very rich family. His father was Richard Stockton Rush Jr. (chairman of the Peregrine oil and gas company in Burlingame), and his mother was Ellen Rush. He graduated from Phillips Exeter Academy. He has also a degree from Princeton University and completed an MBA from the University of California. After completing graduation, Stockton worked at McDonnell Douglas Corporation as a flight test engineer a few times.
Unknowing Facts about Stockton Rush
In the childhood days, Stockton has a dream to become an astronaut. At the age of 12, he started scuba diving and at 18, he was a commercial pilot. Stockton’s other dream in life is to become a military aviator but, in bad luck, he is disqualified from the field because of his low visual sensitivity.
Stockton Rush Net Worth
Stockton Rush’s net worth isn’t publicly disclosed, but we can get an idea of his financial background from his family and business work.
Career Evaluation
Before founding OceanGate, Rush worked as a flight test engineer on the F-15 program at McDonnell Douglas. He also worked later as a venture capitalist for Peregrine Partners in San Francisco. These roles likely provided him with a substantial income.
CEO of OceanGate
As the co-founder and CEO of OceanGate, a deep-sea exploration company, Rush’s business ventures likely contributed significantly to his net worth. OceanGate’s goal was to use commercial tourism to fund the development of new deep-diving submersibles for commercial ventures.
After a little research, we have faithful details from his family background, education, and business work suggesting Stockton Rush net worth is estimated to be $12 Million. Unfortunately, Rush passed away on June 18, 2023, in the Titan submersible implosion during an attempt to visit the wreck of the Titanic.
Stockton Rush Bio & Source of Income
| Stockton Rush Bio | Details |
| Real Name | Richard Stockton Rush |
| Net Worth | Approx $12 Million |
| Date of Birth | March 31, 1962 |
| Birth Place | San Francisco, California, US |
| Death | June 18, 2023 |
| Place of death | North Atlantic Ocean |
| Reason of Death | Titan Submersible Explosion |
| Age (At The Time Of Death) | 61 years |
| Manner of Death | Accidental Death |
| Gender | Male |
| Nationality | American |
| Religion | Catholicism |
| Height | 5’11” (180 CM) |
| Status | Married (1986) |
| Partner | Wendy Weil Rush (Aircraft Pilot and Teacher) |
| Children | 2 |
| Earning Source | The Oceangate’s Crewed Submersibles |
| Hobbies | Scuba Diving, Deep-Sea Exploration |
| Schooling | Phillips Exeter AcademyPrinceton UniversityUniversity Of California |
| Profession | EntrepreneurEngineerCommercial Pilot |
| Former Position | As A Flight Test Engineer At McDonnell Douglas Corporation |
How Does Stockton Rush Make Money?
Stockton Rush, the late CEO and co-founder of OceanGate made money through various sources:
OceanGate:
1. Deep-sea tourism: OceanGate offered travels to the Titanic wreck and other historic sites which cost $250,000 per person.
2. Submersible manufacturing: OceanGate designed and built submersibles for research, exploration, and commercial use.
3. Consulting services: OceanGate provided expertise for underwater operations such as film and documentary production.
Investments:
1. Venture funds: Rush invested in various startups through Peregrine Partners.
2. Real estate: Rush’s family has significant real estate in San Francisco.
Previous Roles:
1. Flight test engineer (McDonnell Douglas): Rush has much revenue working on the F-15 program.
2. Venture capitalist (Peregrine Partners): as a venture capitalist, Stockton made adequate savings.
Other Sources:
1. Family legacy: Rush’s wealthy family background provided financial support.
2. Media impressions: Rush appeared in documentaries and TV shows, potentially earning fees.
Conclusion
Stockton Rush net worth is rumoured around $12 million, but this information exists after a little research. As we have early info that he belongs to a wealthy family, it is considered that his net worth is much more reasonable. Before his passing away, it was noted that he had approximately $12 million total net worth or more than that. This information is collected from various authoritative sources and research.
Sarah Jay