Richard Santulli Net Worth (Updated 2026).

Written ByEmma C Hours Published on

Richard Santulli, a name synonymous with the private jet industry, began his career in the late 1970s as an accountant for the accounting firm Arthur Young. However, it was his entrepreneurial spirit and keen eye for opportunity that would ultimately propel him to fame. In 1986, he founded NetJets, a company that revolutionized the concept of fractional aircraft ownership, allowing individuals to buy a share of a private jet rather than purchasing the entire aircraft. This innovative business model caught the attention of the industry and the public, making Santulli a prominent figure in the private aviation world.

**Richard Santulli’s Current Net Worth (as of 2025)**

Richard Santulli’s current net worth is estimated to be around $1.5 billion, according to the latest available information. This significant wealth is a testament to his successful career and entrepreneurial ventures.

**Richard Santulli’s Career**

Santulli is known for his prominent role in the aviation industry. He served as the CEO of NetJets, a company he co-founded, from 1986 to 2010. Under his leadership, NetJets pioneered the concept of fractional aircraft ownership, revolutionizing the private aviation industry. After leaving NetJets, Santulli became the CEO of CitationAir, another successful aviation company.

**Richard Santulli’s Other Ventures**

Santulli’s business acumen extends beyond the aviation industry. He is a co-founder and the current CEO of Flexjet, a company that provides fractional jet ownership and jet card programs. Additionally, he serves as the Chairman of the Board for Air Charter Service, one of the world’s largest aircraft charter companies.

**Richard Santulli’s Assets**

Santulli’s assets primarily consist of his stakes in various aviation companies. He also owns several private jets, including a Gulfstream G650 and a Bombardier Global 6000. Furthermore, he has investments in real estate, with properties in Ohio, New York, and the Caribbean.

**Richard Santulli’s Annual Income**

While Santulli’s exact annual income is not publicly disclosed, his compensation as the CEO of Flexjet is estimated to be around $5 million per year. This figure, combined with his income from other ventures and investments, contributes to his substantial net worth.

Frequently Asked Questions about  Richard Santulli

Frequently Asked Questions: Richard Santulli Net Worth

1. What is Richard Santulli’s net worth?

Richard Santulli’s net worth is estimated to be around $1 billion.

2. How did Richard Santulli make his fortune?

Santulli made his fortune as the founder and former CEO of NetJets, a company that pioneered fractional aircraft ownership.

3. When did Richard Santulli start NetJets?

Santulli started NetJets in 1986.

4. Who acquired NetJets from Richard Santulli?

Warren Buffett’s Berkshire Hathaway acquired NetJets from Santulli in 1998.

5. What did Richard Santulli do after selling NetJets?

After selling NetJets, Santulli served as the CEO of CITGO Petroleum Corporation from 2001 to 2005. He then returned to NetJets as its chairman until 2010.

6. What is Richard Santulli’s role in the aviation industry?

Santulli is considered a pioneer in the fractional aircraft ownership industry and has played a significant role in shaping the aviation industry’s business jet sector.

7. Has Richard Santulli received any awards or recognitions?

Yes, Santulli has been recognized for his contributions to the aviation industry. He has received awards such as the National Aeronautic Association’s Wright Brothers Memorial Trophy and the Living Legends of Aviation Award.

8. What is Richard Santulli’s educational background?

Santulli earned his Bachelor of Science degree in Accounting from the University of Scranton and his Master of Business Administration degree from the Wharton School of the University of Pennsylvania.

9. Is Richard Santulli involved in any philanthropic activities?

Yes, Santulli is involved in various philanthropic activities. He has made significant donations to his alma mater, the University of Scranton, and has also supported other charitable causes.

10. What is Richard Santulli’s current occupation?

As of now, Santulli serves as the chairman of several companies, including Air Medical Group Holdings and Flexjet. He also serves on the boards of various other organizations.

Hi, I’m Emma Chambers — writer, pop culture junkie, and full-time fangirl. I cover everything from red carpet drama to underrated indie gems, and I’m always on the lookout for the next big thing in entertainment. My blog is where I spill my thoughts, obsessions, and the occasional guilty pleasure. If you’re into celeb buzz, deep dives, and TV marathons, you’ll feel right at home here.