It was revealed that Stockton Rush was one of the crew members who went missing on the Titanic Tourist Submersible and rumors about his net worth quickly spread online. Know the details related to him and his net worth here.
How Much is Stockton Rush’s Net Worth?
Based on his family’s funds, pay from OceanGate and background in the aerospace industry, his estimated net worth is $12 million.
Due to his affluent upbringing, Stockton was able to follow his dreams. Rush had the means to meander his way through a variety of professions and experiences that ultimately brought him to the ocean thanks to his family’s money.
His grandfather, whom Rush characterizes as a “dirt poor Irish immigrant” provided the family’s initial financial support. At age 33, he was appointed the youngest director of Standard Oil in America. Stockton though has ties to two founding fathers of the United States providing him money on both sides of the family.
He is a direct descendant of Benjamin Rush and Richard Stockton, two of the signers of the Declaration of Independence. Additionally, Stockton is related to US Attorney General Richard Rush, US Civil War officer Richard Henry Rush and 18th-century poet Annis Stockton.
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Stockton’s Remarkable Journey of Exploration From Jet Engines to Ocean Depths
Stockton dabbled in a variety of areas of exploration during the majority of his adult life. He obtained his jet transport rating at the age of 19 and while attending Princeton during the summer, flew for Saudi Arabian Airlines.
He collaborated on space missions with the US Air Force, Remote Control Technologies and BlueView Technologies. He created his own two-man submersible and an experimental aircraft when a student at Princeton, so he is familiar with the technology behind OceanGate.
At first, he wanted to be the first person on Mars, but by the age of 44, he recognized that wasn’t financially possible and changed his aim to diving to the bottom of the ocean. In a 2017 interview Stockton explained:
“I realized that what I really wanted to do was explore. I wanted to be Captain Kirk and in our lifetime, the final frontier is the ocean.
He believed that by doing this, he could also satisfy the need for “unique travel experiences” which he calculates to be a $275 billion business every year. The travel sector offers pricey excursions like the well-known Blue Origin flight to space and customized expeditions to the summit of Mount Everest.
When asked at the time, he remarked:
“I couldn’t understand why there weren’t any manned subs, There are all these resources to be explored.”
It turns out that one of the reasons was that, while operations were sponsored by governments through universities for research, no one had considered the commercial side of running a manned sub. Nobody gave consideration to either costs or revenues.
A seat on the Titan costs $250,000 per person! He may have forgotten the added significance of safety precautions now that he has successfully commercialized it. He’s now seated next to the four individuals whose lives he might have unintentionally terminated in a capsule.
We hope for everyone’s safe return and send our condolences to their friends and family that are on board the Titan.
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