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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.
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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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