Stockton Rush’s net worth was highly sought after by the netizens when news broke that Stockton Rush had been one of the crew members who went missing aboard the Titanic Tourist Submersible.
Stockton Rush Net Worth
Stockton Rush is the CEO of OceanGate and comes from a wealthy family. His estimated net worth is $12 million. Rush, according to an article in the 2020 virtual forum Family Office Exchange, was able to experience different jobs and gain new experiences because of the financial support he received from his wealthy family. His grandfather was the source of the family’s wealth. He, although a “dirty poor Irish immigrant” at first, became the youngest Standard Oil director in America when he was 33.
Stockton can also trace his lineage back to Benjamin Rush and Richard Stockton who signed the Declaration of Independence. Also, he has ancestry with poet Annis Rush, US Attorney-General Richard Rush and US Civil War commander Richard Henry Rush.
Stockton is not known to have a net worth of $12 million. However, based on his aerospace background and family fortune as well as his salary at OceanGate, it’s estimated that he has a net worth of this amount. Stockton’s net worth is estimated to be $12 million. This is based on his family fortune, salary from OceanGate, and aerospace background.
Who Is Stockton Rush
Stockton Rush, the founder and CEO of OceanGate, is Stockton Rush. OceanGate Inc., founded in 2009 by Stockton Rush and based in Everett Washington, is a company that specializes in crewed submarines for research and exploration. The company launched expeditions in 2021 to the Titanic wreckage, which cost up to $250,000.
Eric Moreno is a former U.S. submariner who interviewed Rush about these expeditions two years ago. He expressed his confidence and belief that Rush and his passengers will return safely. Moreno said that Rush’s expertise and determination made him a highly qualified person to handle such an endeavor.
Rush began his career in aviation. In 1981, he became the youngest jet-transport-rated pilot on the planet at age 19. In 1984, he joined McDonnell Douglas Corporation to work as a flight tester engineer on the F-15 Program.
Rush received a BSE degree in Aerospace Engineering at Princeton University, and an MBA from U.C. In 1989, Rush graduated from the Berkeley Haas School of Business. Rush has also built a Glasair III experimental plane and a Kittredge K-350 submersible for two men, which he’s used on over 30 dives.
Rush has been engaged in several intellectual ventures over the last two decades. He was a member of the board of directors at Seattle’s BlueView Technologies. This company is specialized in high-frequency, small sonar systems. Rush was involved in the acquisition of Teledyne Inc., a subsea technology provider, by BlueView Technologies, Seattle, in 2012.
Rush has always had a true ambition to revolutionize undersea travel, despite his varied experiences. Rush discussed his vision of the future submersibles in a 90 minute interview with Eric Moreno. Moreno, a former submariner on the Los Angeles class USS Hampton, and founder of the sub-Reddit r/submarines, was impressed by Rush’s ideas.
No one else at the time was operating submersibles capable of repeatedly descending and ascending without extensive refurbishment. Rush assured Moreno that his submersibles were built with titanium and carbon fiber, and would be resilient and safe. He said that the submersibles were equipped with sensors which could detect any potential failures, and would allow for an evacuation in case of emergency.
Rush previously showed the small interior of the Titan submarine, which measures 22 feet by 8 feet. Passengers were forced to sit on a floor. The Titan submersible has a large viewing porthole on the front, while the walls of the vessel are heated in order to combat the extreme temperatures experienced at depths greater than 13,000 feet.
The U.S. Coast Guard Rear Adm John Mauger said that the submersible only has between 70-96 hours of oxygen remaining. Eric Moreno is optimistic about the rescue effort despite the difficulties. He believes Stockton Rush will be able to successfully navigate the situation.
What happened to Stockton Rush
OceanGate Expeditions sent a submersible on June 18, 2023 to explore the Titanic wreckage, located about 900 nautical mile east of Cape Cod in Massachusetts. Stockton Rush was the CEO of OceanGate and one of five people aboard the vessel.
The submersible did not return to the dock as planned after it was deployed. This prompted a search-and-rescue operation by the U.S. Coast Guard in order to locate the missing submarine. Stockton Rush is reported missing along with Paul-Henry Nargeolet a French submersible captain and Hamish Harding a British billionaire.
There are concerns about the situation and there are efforts being made to find and rescue passengers and crew who were aboard the submersible. Authorities are continuing the search and working to ensure that those who have gone missing remain safe and well.
2023 Titan Submersible Incident
On June 18, 2023 in the North Atlantic Ocean, off the coasts of Newfoundland and Canada, the OceanGate Expeditions submersible Titan disappeared. The submersible, operated by OceanGate Expeditions, was on a tourist trip to see the Titanic wreckage. It had five people aboard: Shahzada Dawood and son Suleman (a British-Pakistani entrepreneur), Hamish Harding (a British billionaire), Paul-Henri Nargeolet (a French explorer), and Stockton Rush – the founder and CEO OceanGate.
About one hour and forty-five minutes after the submersible began its dive, it lost contact with it. The submersible did not resurface by the designated time that same day. Authorities were alerted. The submersible has a four-day supply if breathable air. This is expected to run out on June 22nd morning 2023.
Search and rescue operations are underway to locate the submersible, and its missing occupants. Due to limited air supplies, the situation is urgent and authorities are doing everything they can to get the people back safely.