Stockton Rush, CEO and founder of OceanGate Expeditions, and four others were confirmed deceased when a submersible went missing while searching the Titanic’s ruins. Let’s take a closer look at Stockton Rush’s life, net worth, and accomplishments.
Stockton Rush passed away on June 22, 2023, at the age of 61. He was the pilot of the Titan submersible, which went down during a rescue mission to the Titanic.
Stockton Rush Net Worth 2023
It was reported that Stockton Rush had a net worth of $25 million. This assessment is founded on his background in aerospace engineering, his position as CEO of OceanGate Company, and the riches he inherited from his family. His actual wealth is a closely held secret.
He started OceanGate Expeditions, which offers submersible trips to the Titanic and other underwater locations. Stockton was also a relative of Benjamin Rush and Richard Stockton, both of whom signed the Declaration of Independence.
It should be noted, however, that Stockton Rush was probably worth more than $25 million at the time of his death. This is due to the fact that in 2022, Stockton founded and served as CEO of the $66 million-valued OceanGate Expeditions. That means he probably had a lot riding on the success of the business.
| Name | Stockton Rush |
| Profession | CEO and founder of OceanGate Expeditions |
| Net Worth (2023) | $25 Million |
| OceanGate valuation | $66 Million |
Earning Source
Rush is known for being one of the founders of OceanGate, Inc., a company aimed at exploring and researching underwater environments. As an entrepreneur passionate about oceanography, he has secured significant funding from investors who share his vision.
Aside from running OceanGate, Rush also serves as CEO of another company called Eschaton LLC. The firm focuses on developing innovative technologies for various industries, such as aerospace, energy, and defense.
Rush is also involved in philanthropic endeavors related to marine research and conservation efforts. Through his “The Stockton Rush Bartol Foundation” foundation, he supports institutions promoting education about ocean sciences and environmental preservation.
| Stockton Rush Net Worth in 2023 | $25 Million |
| Stockton Rush Net Worth in 2022 | $22 Million |
| Stockton Rush Net Worth in 2021 | $20 Million |
| Stockton Rush Net Worth in 2020 | $18 Million |
| Stockton Rush Net Worth in 2019 | $15 Million |
| Stockton Rush Net Worth in 2018 | $12 Million |
Early Life
Rush was born on March 31, 1962, into a rich household in San Francisco, California. He was the youngest of five children born to Philadelphia native Richard Stockton Rush Jr. and San Francisco native Ellen Rush (née Davies). Ralph K. Davies was his maternal grandfather.
Education & Profession
Stockton earned a bachelor’s degree in aerospace, aeronautical, and astronautical engineering from Princeton in 1984 and a master’s degree in business administration from the Haas School of Business at the University of California, Berkeley in 1989.
In 1981, at the age of 19, he completed training as a first officer on DC-8 aircraft for United Airlines, flying to destinations in Europe and the Middle East during his college breaks.
After graduating from Princeton, Stockton began working as a flight test engineer for McDonnell Douglas Corporation’s F-15 program, where he remained for two years while also participating in the APG-63 radar test and anti-aircraft programs at Edwards Air Force Base.
He built a Glasair III experimental aircraft and a Kittredge K-350 two-man submarine in the year after he graduated from UC Berkeley, both of which he still owns and pilots.
Stockton was a member of the Board of Trustees and the chair of the Museum of Flight’s Development Committee from 2003 to 2007 in Seattle, Washington. In addition, she is a member of BlueView Technologies’ board of directors. He founded OceanGate Expeditions in 2009 and OceanGate Foundation in 2012; both are related to his work as a maker of high-frequency sonar devices.
Stockton Rush Career
Rush’s interest in maritime technology and exploration inspired him to start OceanGate in 2009. His company, based in Everett, Washington, provides crewed submersibles for a variety of corporate uses.
Rush’s significant background in aircraft engineering has been instrumental in the establishment of multiple successful intellectual property ventures over the last two decades.
Rush accomplished a spectacular feat in flying before venturing into maritime technology. In 1981, at the age of 19, he achieved his jet transport rating, making him the youngest jet transport pilot ever. Soon after, he began working for McDonnell Douglas Corporation as a flight test engineer on the F-15 project. Rush earned a Bachelor of Science in Aerospace Engineering from Princeton University in 1984.
Stockton Rush Relationship
Rush’s personal life was pretty quiet, but he was married to a psychologist named Wendy Weil Rush. No one knew who his children were or what else he liked to do. OceanGate Expeditions was based in the city of Everett, Washington, where he lived.
Stockton Rush Controversy
2023 Titan Submersible Incident
On June 18, 2023, in the North Atlantic Ocean off the coast of Newfoundland, Canada, the OceanGate Expeditions Titan submarine mysteriously disappeared. There were five people on board the submersible on a sightseeing tour of the Titanic’s wreckage: British-Pakistani businessman Shahzada Dawood and his son Suleman, British billionaire Hamish Harding, French explorer Paul-Henri Nargeolet, and OceanGate founder and CEO Stockton Rush.
The submersible lost communication with the surface after being submerged for about 1 hour and 45 minutes at the Titanic tragedy site. When the submersible didn’t come back up as expected later that day, authorities were alerted. The submersible has enough oxygen for four days, which will run out on the morning of June 22, 2023.
In a press conference, US Coast Guard Rear Adm. John Mauger said the submersible may have experienced a “catastrophic implosion,” killing everyone on board.
Conclusion
Finally, Stockton Rush’s net worth reflected his success as an entrepreneur and his commitment to ocean exploration. He had an extraordinary pedigree and an extraordinary impact on the world. He died while doing what he liked best: researching the Titanic in his submersible.
He will be regarded as a modern-day Jacques Cousteau and a deep-sea tourism pioneer. Furthermore, We suggest you to save our website so that, you can read all relatable article there.
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