What is OceanGate CEO Stockton Rush’s net worth? The founder and CEO is on the missing Titan along with four other wealthy passengers.
The world has become enraptured by the missing OceanGate vessel, the Titan, which went missing during its dive to the Titanic’s ruins. Piloted by OceanGate’s founder and CEO Stockton Rush, this historic expedition was en route to not just see the famous sunken ship, but learn more about its underwater decay. Sadly, however, the submersible is now lost at sea, and the passengers have little to no chance of survival.
Aboard the submersible is billionaire explorer Hamish Harding, “Mr. Titanic” Paul-Henri Nargeolet, business tycoon Shahzada Dawood and his 19-year-old son Suleman, and OceanGate Founder/CEO/Chairman Stockton Rush. But what is Stockton Rush’s net worth?
Profile Summary
| Celebrated Name: | Stockton Rush |
| Net Worth: | $12 million |
| Profession: | Bussinesman |
| Company: | CEO of OceanGate Expeditions |
| Nationality: | British |
| Ethnicity: | British White |
| Religion: | Christian |
| Current Residence: | U.K |
SOURCE: FACEBOOK/@OCEANGATEEXPED
OceanGate CEO Stockton Rush has an estimated net worth of $12 million.
Stockton was born into a wealthy family, which allowed him to pursue his passions. A Family Office Exchange article from a 2020 virtual forum explained, “With his family’s wealth behind him, Rush had the capacity to ‘meander’ his way through various jobs and experiences that eventually led him to the ocean. The family funds originally came from his Grandfather, who Rush describes as a ‘dirt poor Irish immigrant,’ who by age 33 became the youngest director of Standard Oil in America.”
However, Stockton’s ancestry can also be traced back to two of America’s founding fathers, giving him wealth on both sides of the family. He’s a descendant of two of the Declaration of Independence’s signers: Benjamin Rush and Richard Stockton. Stockton is also descended from 18th-century poet Annis Stockton, US Attorney General Richard Rush, and US Civil War commander Richard Henry Rush.
While Stockton’s exact net worth isn’t public knowledge, between his family money, OceanGate salary, and aerospace experience, his estimated net worth is $12 million. However, OceanGate has been valued at $66 million, so as the Founder and CEO of OceanGate, he likely has a high financial stake in the company.
Stockton Rush first founded OceanGate to become an explorer and tap into the exploration market.
Stockton spent much of his adult life dabbling in different areas of exploration. At 19 years old, he became the youngest jet transport-rated pilot in the world and flew for Saudi Arabian Airlines during his Princeton summer holidays. He worked with the US Air Force, Remote Control Technologies, and BlueView Technologies, all to go to outer space.
While at Princeton, he built both an experimental aircraft and his own two-man submersible, so he’s well-versed in the technology used by OceanGate. Initially, his goal was to be the first man on Mars, but by age 44, he realized that wasn’t financially viable and decided to explore the ocean’s depths instead.
In a 2017 interview with Fast Company, 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.” In doing so, he felt he could also meet the demand for “unique travel experiences,” which he estimates is a $275 billion-a-year industry. The industry includes expensive trips like the famous Blue Origin trip to outer space and tailored expeditions to the summit of Mt. Everest.
“There’s all these resources to be explored and I couldn’t understand why there weren’t any manned subs,” he said at the time. “Turns out one of the reasons was that people had not looked at the business aspect of operating a manned sub, because operations were funded by governments through universities for research. Nobody thought about cost, nobody thought about revenue.”
Now that he’s successfully monetized it—a seat on the Titan costs $250,000 per person!—he may have overlooked the extra importance of safety measures. And now he’s sitting next to the four people whose lives he may have inadvertently ended in an inescapable capsule.
Our thoughts and best wishes are with the friends and family of those aboard the Titan as we hope for their safe return.
FAQ
Who is Stockton Rush?
He is an aerospace engineer and the CEO and co-founder of OceanGate, crewed submersibles for tourism, industry, research, and exploration.
What is Stockton Rush?
Stockton Rush, the CEO, and founder of OceanGate Expeditions, was aboard his company’s Titan submarine that disappeared on Sunday en route to the wreck of HMS Titanic around 370 miles east of the coast of Newfoundland, Canada.
How much is Stockton Rush worth?
The British businessman and the CEO of OceanGate comes from a wealthy family and his current net worth is estimated at $12 million.
Is Stockton Rush on the Titan?
OceanGate CEO Stockton Rush is one of the five men on the Titan, with around 20 hours of oxygen left.
How old is Stockton Rush?
OpenGate CEO Stockton Rush is currently 61 years old.
What nationality is Stockton Rush?
He is British but an Irish ethnicity as his grandfather, an oil dealer was Irish.
Who owns the OceanGate submarine?
Stockton Rush is the co-owner and current CEO of the OpenGate expeditions.
What are the ages and names of all the people in the submarine?
Shahzada Dawood, 48-also a British businessman -and his son, Suleman Dawood, 19. Paul-Henry Nargeolet, a 77-year-old French explorer nicknamed “Mr Titanic” Stockton Rush, 61, is the chief executive of OceanGate, the firm behind the dive.
Who is the CEO of OceanGate?
OceanGate’s CEO and co-founder is Stockton Rush.
Who is in the OceanGate sub?
Who are the five passengers in the missing submarine? The company OceanGate Expeditions confirmed through an official statement that the people on board the Titan submarine are Hamish Harding, Shahzada Dawood, and his son Suleman, Paul-Henri Nargeolet, and Stockton Rush.
Where is OceanGate based?
OceanGate Expeditions, based in Everett, Washington, was founded in 2009 by aerospace engineer Stockton Rush.