John Bogle, the founder of The Vanguard Group, is a financial legend. His index fund creation revolutionized the investment industry, but there are many other aspects of his life that remain a mystery to most people. For instance, how old is he? What is his net worth? And what about his marriage? Let’s take a closer look at some of the untold stories of John Bogle’s life.
Early Years: Born in 1929
John Clifton Bogle was born on May 8, 1929, in Verona, New Jersey. He grew up during the Great Depression, which had a profound impact on his worldview.
College Years: Princeton University
Bogle attended Princeton University, where he studied economics and was a member of the Phi Gamma Delta fraternity. It was during his time at Princeton that he first became interested in the investment industry.
Career: Founder of Vanguard and Index Funds Pioneer
After a brief stint at an investment banking firm, Bogle founded The Vanguard Group in 1974. He was a strong advocate for index funds, which he believed offered the best returns for investors. Today, Vanguard is one of the largest investment companies in the world, with over $7 trillion in assets under management.
Net Worth: Estimated at $80 Million
Bogle was not a billionaire, but he was certainly wealthy. Estimates of his net worth range from $50 million to $100 million, with most sources putting it at around $80 million.
Personal Life: Married to Eve Bogle
John Bogle was married to his wife, Eve, for over 60 years until his death in 2019. They had six children together and were known for their strong commitment to family values.
Philanthropy: Giving Back to the Community
Bogle was a strong advocate for philanthropy and donated millions of dollars to various causes throughout his life. He was particularly passionate about promoting financial literacy and education.
Legacy: A Financial Pioneer
John Bogle’s legacy as a financial pioneer is secure. He will always be remembered for his creation of the index fund and his tireless efforts to promote fair and equitable investing for all people.
FAQs:
1) How old was John Bogle when he died?
John Bogle died at the age of 89.
2) What is an index fund?
An index fund is a type of mutual fund that tracks a specific index, such as the S&P 500.
3) Was John Bogle a billionaire?
No, John Bogle’s net worth was estimated at around $80 million.
4) What causes did John Bogle support through his philanthropy?
John Bogle was a strong advocate for promoting financial literacy and education.
5) How many children did John Bogle have?
John Bogle had six children.