David Packard Net Worth

David Packard Net Worth $1.5 Billion

David Packard, born in September 7, 1912, was the co-founder of Hewlett-Packard (1939), where he served as president (from 1947, to 1964), CEO (1964–1968), Board Chairman (1964–1968, 1972–1993), and as U.S. Deputy Secretary of Defense (1969–1971) during the Nixon administration. When Nixon entered The White House (January 1969), one of his first mandates was to nominate the HP co-founder as Deputy Secretary of Defense. 

david packard

The nomination came at the height of the Vietnam War and was refuted immediately by members of Congress. They complained about this being a major conflict of interest for him, because he was one of the biggest Defense Department contractors in the entire world; over $100 million were spent by the Government every year on the company (Hewlett-Packard). It’s an interesting fact, and quite ironic, because it turns out that Hewlett-Packard’s first product was a sound oscillator, and it was sold to Walt Disney Studios for the soundtrack of Fantasia. Also, it is amazing that Packard and Hewlett established HP in Packard's garage with a minimal initial capital, and his legendary garage later became a landmark, known to many as “The Birthplace of Silicon Valley”. He became one of the most powerful people in the technology industry, and one of the first people to register a domain name (www.hp.com). He died on March 26, 1996 with an estimated net worth net worth is of $1.5 Billion.

william hewlett and david packard

David Packard with HP co-founder William Hewlett

Press Like If You Learnt Something New : )

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

"If I have seen further than others, it is by standing upon the shoulders of giants." Isaac Newton

The material in this site is purely for educational purposes only. In creating this side we have sourced info from many sites and would like to give credit to where it is due.We do not intend to infringe any website's copyrighted material and we use the information for educational purposes and use information that are public in nature and hopefully protected by freedom of information laws. Also, when I created this website years ago, I took many pictures from the internet that may infringe your copyright. I will be slowly taking all these down and if the picture that belongs to you or your company is still there, please drop me an email and I will remove the pictures. If you found that any article in this website infringe your rights please let us know and we will take it down. Thanks.


References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)