Riley and Stephen Bechtel Net WorthReal Name: Riley and Stephen Bechtel
Date of Birth: 03/25/1952 (Riley) 05/10/1925 (Stephen)
Place of Birth: Alameda County, California (Riley) Oakland, California (Stephen)
2017 Net Worth: $10 Billion (combined)
Profession: Chairman and owners of Bechtel Corporation
Riley and Stephen Bechtel Biography
Riley Bechtel was born in March of 1952, great-grandson of Warren Bechtel, founder of Bechtel Corporation. Stephen Bechtel was born May 10th of 1925, grandson of Warren Bechtel and father of Riley. Riley attended the University of California, Davis, and received a bachelor’s degree in Political Science and Psychology. He then received a JD from Stanford University in 1977. Stephen attended Purdue University and received a Master of Business Administration from the Stanford Graduate School of Business in 1948.
Riley first worked for the law firm of Thelen, Marrin, Johnson, and Bridges before joining Bechtel full-time in 1981. He was elected President and Chief Operating Officer in March of 1989, and CEO in June of 1990. Then, in 1996, He became Chairman of Bechtel.
President Lyndon Johnson appointed Stephen Bechtel to the President’s Committee on Urban Housing and President Richard Nixon named him to membership on the National Industrial Pollution Control Council, as well as several other advisory committees, including the Labor Management Advisory Committee and the National Commission for Industrial Peace. Stephen’s son Riley was appointed by President George W. Bush to the President’s Export Council in 1998.
Bechtel Corp is well known for building some of the engineering marvels of the world, including the Channel Tunnel, the Tacoma Narrows Bridge, and the Hoover Dam.
More than 30 years after joining the family business, Riley had to step down as the CEO of Bechtel due to complications from Parkinson’s disease, although he remains chairman. Riley’s son, Brendan, was promoted to President and COO in July of 2014.
Both Riley and Stephen Bechtel live in California with their wives and families. Combined, this dynamic construction duo has a net worth of $10 billion. It has been estimated that both father and son own 40 percent of their profitable family business.