Accumulated Wealth for Top U.S Military Executives List surpasses $8.2 Billion
|September 20th, 2016||
|The latest Top United States Military Executives wealth list has been released, revealing that the accumulated wealth for the top Military veterans now equals $8.22 billion. Over the past year, executives on the list have sold nearly $550 million in stock holdings, according to a recent Donor Watch report. |
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 36% and 26% 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 nearly $1.1 billion in accumulated wealth, Bill and his wife are active philanthropists, especially for causes in support of children’s education. After receiving his B.S. from the U.S. Military Academy, Bill served in the U.S. Air Force, where he attained the rank of captain. He also received an M.B.A. from Seattle University and a J.D. degree from the University of Washington School of Law.
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).
Among the top military executives, Mark McLaughlin has been the most active stock market participant, having raised nearly $80 million in cash from stock sales over the past year. McLaughlin has been the CEO of Palo Alto Networks since 2011 and its Chairman since 2012. He served as an attack helicopter pilot in the U.S. Army, earning his Airborne Wings. He received his B.S. from the U.S. Military Academy and his J.D. from Seattle University School of Law.
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