Introduction
Eugene Cernan was one of the most celebrated astronauts in modern history, known for his role as the commander of the Apollo 17 spacecraft, the final human mission to the moon. His legacy, however, extended far beyond the realm of space exploration. Cernan was also a successful businessman, investing in a range of industries from energy to real estate. In this blog post, we’ll be exploring Cernan’s net worth, and how he was able to amass his fortune both during and after his astronautical career.
Cernan’s Early Life and Career
Born in 1934 in Chicago, Eugene Cernan grew up with a passion for aviation and space. After graduating from Purdue University with a degree in electrical engineering, he joined the United States Navy and eventually went on to become a test pilot. In 1963, he was selected as one of fourteen astronauts for NASA’s third group, known as the “The Fourteen”. He soon became a trusted member of the astronaut corps, flying three space missions and earning a reputation as a skilled pilot and commander.
Exploring Cernan’s Net Worth
Although Cernan was best known for his work with NASA, he was also a savvy businessman, investing in a variety of industries throughout his life. According to reports, his net worth at the time of his death in 2017 was estimated to be around $20 million USD. Some of his key investments included oil and gas, real estate, and aviation. He also served on the board of several companies, including the energy firm Enersyst Development Center and the aerospace and defense company Orbital Sciences.
The Impact of Cernan’s Astronaut Career on His Net Worth
While NASA astronauts were not paid extravagant salaries during their missions, the exposure they gained from their accomplishments often led to lucrative business opportunities after their careers with the agency ended. This was certainly the case with Cernan, who was widely regarded as a hero and icon after becoming the last human to set foot on the moon. In addition to his corporate board memberships, he also wrote several books about his experiences in space, which undoubtedly contributed to his wealth.
Cernan’s Investments in Energy
One of Cernan’s most significant investments was in the energy industry. He owned several oil and gas exploration companies, including Cernan Energy and Cernan Oil Co. These companies were involved in drilling and exploration projects all over the world, from the Gulf of Mexico to the North Sea. Cernan’s expertise in engineering and his understanding of geology made him a valuable and knowledgeable investor in these ventures.
Real Estate Investments
Cernan was also heavily invested in real estate throughout his life. He owned several properties in Texas, where he lived with his family for many years. One of his most notable properties was a 3,414-acre ranch in Brenham, which he purchased in 1970. The property was later used as a location for movie and television productions, including scenes from the 1996 film “Tin Cup”.
Aviation Interests
Given Cernan’s background in aviation and his love of flight, it’s no surprise that he invested in this industry as well. He owned a share in the aircraft manufacturing company Aviat Aircraft, which produces high-performance planes for personal and commercial use. He also served on the board of the National Aviation Hall of Fame, and was a member of several aviation organizations.
Cernan’s Philanthropic Work
Cernan was also known for his philanthropic efforts, particularly in the areas of education and space-related causes. He established the Cernan Earth and Space Center at Triton College in his hometown of River Grove, Illinois, which provides educational programming and shows focusing on astronomy, space exploration, and geology. He also served as the Honorary Chairman of the ShareSpace Foundation, an organization that provides space-related educational opportunities to children.
Cernan’s Family and Legacy
Eugene Cernan passed away in 2017 at the age of 82. He is survived by his wife, Jan Nanna Cernan, and his daughter and son-in-law, Tracy and Marion Garcia. He also leaves behind a legacy as a trailblazing astronaut, a successful businessman, and a philanthropist who worked tirelessly to promote space education and exploration.
The Future of Cernan’s Investments
Following Cernan’s death, his business interests have been managed by his family and associates. It’s unclear if his investments have seen significant changes or growth in the years since his passing, but it’s likely that his legacy will continue to benefit those he cared about.
Conclusion
Eugene Cernan was much more than an astronaut; he was a shrewd businessman and a devoted philanthropist, whose net worth reflected his diverse investments and interests. His passion for aviation, energy, and real estate, combined with his unparalleled experiences in space, gave him a unique perspective and led to successful ventures. Cernan’s legacy is one of exploration, innovation, and generosity, and his impact will be felt for generations to come.
FAQs
Q: What was Eugene Cernan’s most significant investment?
A: Cernan was heavily invested in the energy industry, owning several oil and gas exploration companies.
Q: What was the estimated net worth of Eugene Cernan?
A: Reports indicate that Eugene Cernan’s net worth at the time of his death in 2017 was around $20 million USD.
Q: What were Eugene Cernan’s philanthropic efforts?
A: Cernan was passionate about education and space exploration and established the Cernan Earth and Space Center, providing educational programming and shows focusing on these topics.
Q: What aviation interests did Eugene Cernan have?
A: Cernan owned a share in the aircraft manufacturing company Aviat Aircraft and was a member of several aviation organizations.
Q: What legacy did Eugene Cernan leave behind?
A: Eugene Cernan was a trailblazing astronaut, successful businessman, and devoted philanthropist whose legacy is one of exploration, innovation, and generosity.