Top US Military Executive Wealth reaches $9.4 Billion, Assets surge 14.6%

   


March 27th, 2017
The latest Top United States Military Executives Wealth List has been released, revealing that the accumulated wealth for the top Military veterans now equals $9.4 billion. The list's assets have surged by $1.2 billion, or 14.6%, over the past six months. Not only has their stock wealth increased, but their liquid assets have also grown, as executives on the list sold nearly $490 million in stock holdings over the past 12 months.

 

Topping the list are executives who received degrees from the U.S. Military Academy at West Point and the U.S. Naval Academy, who account for 38% and 24% of the stock wealth on the list, respectively.

This quarter's list of wealthy execs is once again led by William P. Foley II, who is the Chairman and Founder of Fidelity National Financial. With more than $1.1 billion in accumulated wealth, Bill and his wife are active philanthropists, especially for causes in support of children's education. Rounding out the top five Military execs on the list are Charles Phillips Jr. (Air Force), Mark McLaughlin (West Point), A.G. Lafley (Navy) and James Taiclet Jr. (Air Force).

James Taiclet has also been one the most active stock market participants on the list, having raised more than $30 million in cash from stock sales over the past year. Taiclet, who is the Chairman and CEO of Boston-based American Tower Corporation, is a graduate of the U.S. Air Force Academy. He began his career as an Air Force officer and pilot, serving in the Gulf War. Taiclet is on the board of the Brigham and Women's Health Care, Inc. and the Advisory Council for Princeton University's Woodrow Wilson School. He is also a member of the Council on Foreign Relations, the Business Roundtable and the Commercial Club of Boston.

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Archives
March 27th, 2017:  Top US Military Executive Wealth reaches $9.4 Billion, Assets surge 14.6%

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