Jack Bogle Net Worth 2020, Bio, Wiki, Height, Weight, Awards, and Instagram

Jack Bogle Net Worth 2020, Bio, Wiki, Height, Weight, Awards, and Instagram.

Jack Bogle Net Worth – Jack Bogle was an American investor, business magnate, and philanthropist. He was the founder and chief executive of The Vanguard Group.

Jack Bogle Net Worth


John Clifton “Jack” Bogle was born on May 8th, 1929 and died on January 16th, 2019. He was an American investor, business magnate, and philanthropist. He was the founder and chief executive of The Vanguard Group.

His 1999 book Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor became a bestseller and is considered a classic within the investment community.

His family was affected by the Great Depression. They lost their money and had to sell their home, with his father falling into alcoholism which resulted in his parents’ divorce.

Bogle and his twin brother, David went to school Manasquan High on the New Jersey shore for a time. Their exemplary academic record enabled them to transfer to Blair Academy on work scholarships. At Blair, Bogle showed a particular aptitude for mathematics, with numbers and computations fascinating him.

Bogle graduated from Blair Academy cum laude in 1947 and was accepted at Princeton University, where he studied economics and investment. During his university years, Bogle was determined to examine the mutual fund industry that had not been analyzed before.

Bogle spent his junior and senior year working on his thesis “The Economic Role of the Investment Company”. In 1951, He earned his undergraduate degree and attended evening and weekend classes at the University of Pennsylvania.

After he graduated from Princeton in 1951, Bogle narrowed his career options to banking and investments. He was employed at Wellington Fund, where he showed great talent and led the manager of the fund, Walter L. Morgan, to say, “Bogle knows more about the fund business than we do.”

Bogle was promoted to an assistant manager position in 1955, where he obtained broader access to analyze the company and the investment department.

He demonstrated initiative and creativity by challenging the Wellington management to change its strategy of concentration on a single fund and did his best to make his point in creating a new fund. He eventually succeeded, and the new fund became a turning point in his career.

In 1970, Bogle successfully climbed through the ranks, in 1970 replacing Morgan as chairman of Wellington, but was later fired for an “extremely unwise” merger that he approved.

Bogle founded the Vanguard Company in 1974 which is now one of the most respected and successful companies in the investment world. In 1999, Fortune magazine named Bogle as “one of the four investment giants of the twentieth century”.

Bogle was influenced by the works of Paul Samuelson which made him establish First Index Investment Trust (a precursor to the Vanguard 500 Index Fund) in 1976 as the first index mutual fund available to the general public.

In a 2005 speech, Samuelson ranked “this Bogle invention along with the invention of the wheel, the alphabet, Gutenberg printing”.

Bogle experienced some heart problems in the 1990s and, in 1996, he relinquished his role as Vanguard CEO to John J. Brennan, his handpicked successor and second-in-command whom he had hired in 1982. Bogle had a successful heart transplant in 1996.

His subsequently returned to Vanguard with the title of a senior chairman leading to conflict between Bogle and Brennan. Bogle left the company in 1999 and moved to Bogle Financial Markets Research Center, a small research institute not directly connected to Vanguard but on the Vanguard campus.

Jack Bogle Net Worth

Height and Weight



  • In 1999, he was named one of the investment industry’s four “Giants of the 20th Century” by Fortune magazine.
  • In 1999, he was awarded the Woodrow Wilson Award from Princeton University for “distinguished achievement in the Nation’s service.”
  • In 2004, Times Magazine Named him one of the “world’s 100 most powerful and influential people.”
  • In 2004, he was awarded Institutional Investor’s Lifetime Achievement.

Net Worth

As of February 2017, Bogle had an estimated net worth of $80 million USD as per the Business Insider. During his high-earning years at Vanguard, he regularly gave half his salary to charity, including Blair Academy and Princeton.


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