Stephen Bechtel Jr Net Worth $3.4 Billion
He is 143rd in the “Forbes 400” list and is ranked 458th to the list of world billionaires. Stephen D. Bechtel Jr. was born on May 10, 1925. He also earned an MBA from the Stanford Graduate School of Business in 1948. A member of the third generation of the Bechtel family, Stephen Bechtel Jr. joined the family’s company right after completing his MBA. Since then, he’s led the eponymous engineering and construction firm in several ventures. Then became president In 1960 in the age of 35. Then was named chairman of the organization, which will be known for its large-scale endeavors for example the Hoover Dam, the Channel Tunnel, and Jubail, a city constructed from scratch in Saudi Arabia. Stephen Jr. presently serves as a non-executive member of the board of directors. He retired in 1990, and his billionaire son Riley took over the company and now serves as the Chairman and Chief Executive Officer. In April, Bechtel invested an undisclosed amount in Planetary Resources, a firm seeking to mine near-Earth asteroids for raw materials, along with Google CEO Larry Page and Ross Perot Jr. Stephen Bechtel Jr. is considered to own 20% of the private engineering and construction company with sales of $37.9 billion in 2012. His foundation contributed $50 million in 2009 to the Boy Scouts of America to help construct a 10,600-acre reserve in West Virginia.