George Shultz Net Worth (Updated 2026).

George Shultz, born in 1920, began his career in the world of economics and public service. Raised in a family that valued education and hard work, Shultz earned his Ph.D. in industrial economics from the Massachusetts Institute of Technology. He then served as a professor at the University of Chicago, where he made significant contributions to the field of game theory.

In 1955, Shultz’s career took a turn towards public service when he was appointed as the Director of the Bureau of Budget under President Eisenhower. This marked the beginning of his illustrious career in Washington D.C. He went on to serve in various high-ranking positions, including Secretary of Labor and Secretary of the Treasury under Presidents Nixon and Ford. It was during his tenure as Secretary of State under President Reagan that Shultz gained widespread recognition and fame, playing a pivotal role in ending the Cold War.

George Shultz’s Current Net Worth (2025)

As of 2025, George Shultz’s estimated net worth stands at $50 million, according to recent sources. This figure reflects his successful career in public service and business.

Career

George Shultz, born in 1920, is a prominent American economist and statesman. He served as the U.S. Secretary of State from 1982 to 1989 under President Ronald Reagan. Prior to this, he held various cabinet positions, including Secretary of the Treasury and Director of the Office of Management and Budget under President Richard Nixon. Shultz also served as President of the Bechtel Group from 1974 to 1982.

Other Ventures

Shultz has been a distinguished professor at Stanford University’s Graduate School of Business since 1989. He co-founded the Hoover Institution on War, Revolution, and Peace at Stanford in 1919. Shultz is also a member of the Board of Directors of several corporations, including the Charles Schwab Corporation and the Carlyle Group.

Assets

Shultz’s assets include real estate properties in California, notably a 15-acre estate in Palo Alto. He also owns a significant stake in the Bechtel Corporation, a global engineering, construction, and project management company. His investment portfolio comprises stocks, bonds, and other securities.

Annual Income

Shultz’s annual income is primarily derived from his pension, speaking engagements, and board memberships. As of 2021, his estimated annual income is around $1 million. His Stanford professorship and Hoover Institution roles also contribute to his income.

Frequently Asked Questions about  George Shultz

Frequently Asked Questions: George Shultz Net Worth

1. What is George Shultz’s net worth?

George Shultz’s net worth is estimated to be around $50 million.

2. How did George Shultz make his money?

Shultz made his fortune through a successful career in business and politics. He served as the Secretary of State under President Ronald Reagan and was also the Secretary of the Treasury and Director of the Office of Management and Budget under President Richard Nixon. Additionally, he held various executive positions in companies like Bechtel Group and Marriott Corporation.

3. What is George Shultz’s age?

George Shultz was born on December 13, 1920, making him 101 years old.

4. Is George Shultz still alive?

Yes, George Shultz is still alive and resides in California.

5. What political party is George Shultz affiliated with?

Shultz is a member of the Republican Party.

6. What are some of George Shultz’s notable achievements?

Shultz is known for his significant contributions to U.S. foreign policy during the Cold War. He played a key role in the Reagan administration’s policies towards the Soviet Union, including the Reykjavik Summit in 1986. He also served as the U.S. Secretary of Labor under President Nixon and was a professor of industrial relations at MIT.

7. What is George Shultz’s education background?

Shultz earned his Bachelor’s degree from Princeton University and his Ph.D. in economics from the Massachusetts Institute of Technology (MIT).

8. What is George Shultz’s wife’s name?

George Shultz’s wife is Helena “Lena” O’Dougherty Shultz.

9. Does George Shultz have any children?

Yes, George Shultz has six children from his two marriages.

10. What is George Shultz’s stance on climate change?

Shultz is a strong advocate for addressing climate change. In 2019, he co-authored a report with former Secretary of State James Baker III, titled “The Economics of Climate Change: The U.S. Equity and Policy Implications,” which emphasizes the economic risks of climate change and the need for U.S. leadership in addressing it.