Vanguards consistent growth produced riches for Mr. Bogle, but not to the extent that another ownership structure might have done. She survives him, as do a brother, William Yates Bogle III; four daughters, Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John and Sandra Bogle Marucci; two sons, John Jr. and Andrew; 12 grandchildren; and six great-grandchildren. They have also lived in Mc Veytown, PA Barbara is related to Trudy Kay Renninger and Russel H Renninger as well as 3 additional people. John C. Bogle, 89, who revolutionized the way Americans save for the future, championed the interests of the small investor, and railed against corporate greed and the excesses of Wall Street, died of cancer Wednesday at his home in Bryn Mawr, his family confirmed. Mr. Bogle had his first heart attack in 1960, when he was only 30, and his heart stopped numerous times thereafter. Jessica Kourkounis for The New York Times. Mr. Bogle produced a scholarly opus that proved to be a blueprint for his career. While Mr. Bogle was facile with numbers, he was much less interested in counting than in what counts, and his intellectual range was broad. He was also a fellow of the American Philosophical Society and the American Academy of Arts and Sciences. He said of the economy: The disparity in income is deeply regrettable. When he did a book, he was so meticulous; hed rewrite and rewrite. Although he played no role in managing Vanguard after 2000, he continued to show up every weekday, usually in suit and tie and shined shoes, to discharge his duties as president of the Bogle Financial Markets Research Center. Mr. Bogles response was to switch doctors. Most observers expect that the share of corporate ownership by index funds will continue to grow over the next decade. (Mr. Bogle named the company after Admiral Horatio Nelson's flagship at the Battle of the Nile in 1798; he thought the name "Vanguard" resonated with the themes of leadership and progress.). Anyone can read what you share. Everything else pales by comparison. Daughter: Barbara Josephine Bogle Renninger Daughter: Jean Sherrerd Bogle Son: John Clifton Bogle, Jr. With his new pump, Mr. Bogle experienced an adolescent surge of vitality that left associates panting to keep up. Rebecca celebrated 36th birthday on June 1. He was 89. . This was our time to talk to each other and find out what was going on in each others lives, Andrew Bogle recalled. Jack could have been a multi-billionaire on a par with Gates and Buffett, said William Bernstein, an Oregon investment manager and author of 12 books on finance and economic history. From the station or airport, he walked to his destination rather than taking a cab, or hailed a cab rather than riding in a limo, even in his 70s. Two years later, Mr. Bogle founded the First Index Investment Trust, later called the Vanguard Index Trust, now known as the Vanguard 500 Index Fund, the first index fund for individual investors. For his pioneering of the index concept for individual investors, Mr. Bogle was often called the "father of indexing.". The accumulation of material goods is a waste you cant take them with you, anyway and the waste is typified by our financial system. Im writing what I want and saying what I want, and I think my name and reputation, for whatever thats worth, have been enhanced.. Open to all tips: earvedlund@inquirer.com. Trumps America First philosophy has created a less stable world, Malaysias Greatest Crisis: Loss of National Pride and Unity, RCEP-Regional Comprehensive Economic Partnership, Techo Sen School of Government and International Relations. Barbara Bogle, Barbara B Renninger, and five other persons are also associated with this address. Bogle was sought after in the corporate community. He never failed to mention, in speech after speech and talk after talk, that money managers had failed miserably to earn their high fees, said Miller, the investment manager and longtime friend. Everything else is incidental. Future industry growth can be maximized by a reduction of sales loads and management fees.. Yes (Sandra Bogle Marucci, Jean Bogle, Nancy Moore Bogle, Andrew Armstrong Bogle, Barbara Bogle Renninger, John Bogle Jr.) Profession: Investor, business magnate, and philanthropist: Net Worth in 2022: $85 million: The Vanguard Group's founder and former CEO, John Bogle was a successful investor, entrepreneur, and philanthropist. He kept his wits sharp by daily attacking the New York Times crossword puzzle, which he was known to complete in less than 20 minutes. Are you looking for someone named as Dennis Bogle? My dad may have seemed like a hard-charging businessman, but underneath there was real emotion and care and concern and empathy, said daughter Barbara. He married Eve Sherrerd in 1956. Mr. Bogle is survived by his wife, and his children: Andrew Armstrong Bogle, Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John, Sandra Hipkins Bogle and John C. Bogle Jr. 22:26. . Speculation (2012); The Little Book of Common Sense Investing: 10th Anniversary Edition (2017), and, Stay the Course: The Story of Vanguard and the Index Revolution (2018). While Mr. Bogle was facile with numbers, he was much less interested in counting than in what counts, and his intellectual range was broad. Former Vanguard CEO John Bogle believed in the power of low fees, starting to invest early, and dispensing with active money managers. Mr. Bogle, a chipper and unpretentious man who invited everyone to call him Jack, was founder and for many years chairman of the Vanguard Group, the Malvern-based mutual-fund company, where he pioneered low-cost, low-fee investing and mutual funds tied to stock-market indexes. daughters Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John, and Sandra Bogle Marucci, and sons John C. Bogle Jr. and Andrew Armstrong Bogle. Mr. Bogle, known as Jack, was born. He wrote articles, speeches, and books, answered questions from investors, granted interviews to reporters, and continued to cultivate and encourage members of Vanguards crew while keeping a three-person staff busy. In short order, Morgan became Mr. Bogles mentor. Andrew He told me the most important thing in a relationship is trust, and trust is based on honesty. Resides in Uniontown, PA. Mr. Bogle readily took swipes at the press for lauding fund managers who temporarily got a hot hand, and for focusing heavily on a funds quarterly performance. We hope you will join us! ", Mr. Bogle spoke frequently before industry professionals and the public. I wanted to send a message that our battle-hardened Vanguard Group would be victorious in the mutual fund wars, Bogle wrote in Enough, and that our vanguard would be, as the dictionary says, the leader in a new trend. . Vanguards advantage came from the unusual corporate structure that Mr. Bogle adopted. Mr. Bogles net worth was generally estimated at $80 million last year. So he walked into this little office and pushed a chair over so its back was on the floor, Falloon recalls. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. He reunited with his doctors years later. His daughter Barbara Bogle Renninger served on the board of the Gesu School in North Philadelphia, where she was also a volunteer math tutor; his son Andrew was a patron of Robin Hood, a philanthropic organization established by investment bankers and hedge-fund managers to alleviate poverty in New York City. Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes (2011); The Clash of the Cultures: Investment vs. His grandfather, a prosperous merchant, founded a company that became part of the American Can Co., and Mr. Bogles early years in Montclair, N.J., were affluent. Even a fund managers long-term record is not an accurate predictor of future performance, he said. While index funds have become widely popular, Vanguards competitors often have been less than keen about following the companys penny-pinching lead. Mr. Bogle was a best-selling author, beginning with Bogle on Mutual Funds: New Perspectives for the Intelligent Investor in 1993. . Instead, he turned his company into one owned by its mutual funds, and in turn their investors, that exists to provide its customers the lowest price. Andrew has been found in 11 states including New York, Colorado, Arizona, Michigan, Pennsylvania. I dont think theres an author who spent greater care on the words he chose, said Falloon, the Wiley editor who worked with Mr. Bogle. At Blair, Mr. Bogle chaired the board of trustees, chose the headmaster, and helped finance the construction of several buildings. You want to be average and then win by virtue of your costs, Mr. Bogle said. Mr. Bogle characterized his pugnacious relationship with the financial industry as a lovers quarrel. His mission, he said, was simple: to return capitalism, finance, and fund management to their roots in stewardship. Cost is a handicap on the horse. Future industry growth can be maximized by a reduction of sales loads and management fees.. He liked to write his own speeches. Raymond G. Perelman, the master deal-maker and philanthropist who gave away more than $300 million to the University of Pennsylvania and other causes, died Monday at his home in Philadelphia. He was also a fellow of the American Philosophical Society and the American Academy of Arts and Sciences. By. Miss Bogle, a teaching assistant at the Brearley School in New York, graduated from the Shipley School in Bryn Mawr, Pa., and with the class of '83 from Trinity College . Mr. Bogle is survived by his wife Eve, daughters Barbara Bogle Renninger (Scott), Jean . Bogle wrote 12 books, selling over 1.1 million copies worldwide. Jack operated at only two speeds, as fast as is humanly possible and stop, said Paul Miller, the late private investor and founding partner of Miller Anderson & Sherrerd, who was a close friend of Mr. Bogles for decades. In 1991, he was named by the chairman of the Securities and Exchange Commission, Richard C. Breeden, to the Market Oversight and Financial Services Advisory Committee. If the jockey carries a lot of extra pounds, its very tough for the horse to win the race.. from 8 AM - 9 PM ET. Despite the heavy demands on his time, Mr. Bogle put his family first. VALLEY FORGE, Pa., Jan. 16, 2019 /PRNewswire/ -- Vanguard announces the passing of John Clifton Bogle, founder of The Vanguard Group, who died today in Bryn Mawr, Pennsylvania. We know that Barbara Bogle, Andrew Renninger, and five other persons also lived at this address, perhaps within a different time frame. More than a successful businessman, Mr. Bogle was a capitalist with a soul. ", In 1976, Vanguard introduced the first index mutual fundFirst Index Investment Trustfor individual investors. He received honorary degrees from a dozen universities, including his alma mater, which also bestowed on him its highest accolade, the Woodrow Wilson Award, for distinguished achievement in the nations service.. And then he stretched out and put his head on the back rest., Before nodding off, Mr. Bogle issued instructions: If anybody wonders what Im doing, tell them Im dead.. Price: $3.60. Fortune magazine designated him one of the investment industry's four "Giants of the 20th Century" in 1999. Residents of 19096 pay approximately $1,780 a month for a 2-bedroom unit. They sang patriotic songs (Lee Greenwoods God Bless the USA was a favorite), and Mr. Bogle raised a toast to the country of which he was so proud. AKA John Clifton Bogle. Mr. Bogle enjoyed helping the ordinary man of modest means make money. "Our challenge at the time," Mr. Bogle recalled a decade later, "was to build, out of the ashes of major corporate conflict, a new and better way of running a mutual fund complex. I wanted to send a message that our battle-hardened Vanguard Group would be victorious in the mutual fund wars, Bogle wrote in Enough, and that our vanguard would be, as the dictionary says, the leader in a new trend. . He wore the same wool ties and suits forever, said son Andrew Armstrong Bogle. But the Great Depression eventually erased the family fortune. For more than 20 years, he donated half his annual income to philanthropic causes, particularly those institutions that helped develop his mind and form his character. In 1996, surgeons at Hahnemann University Hospital replaced his faulty heart with a strong one, ending a 128-day wait in the hospital. Below is the press release issued today by Vanguard, which we reprint in full. When we were growing up, we were told that were very fortunate in so many ways and that we were expected to give back, Andrew Bogle recalled. He was like the last honorable man, a complete straight-shooter, said Rick Stengel, former managing editor of Time and former president of the National Constitution Center, where he worked closely with Mr. Bogle, who then chaired the centers board. Its about being a good husband, a good father, a good colleague, a good member of the community. Your email address will not be published. There was no bed or couch, he was informed. On file we have 14 email addresses and 25 phone numbers associated with Barbara in area codes such as 772, 402, 531, 717, 843, and 7 other area codes. Bogle with Ed Rendell (left) and President Bill Clinton (right) in Philadelphia about 20 years ago. It sounds like toothpaste and beer.. When traveling, Mr. Bogle usually took the train or flew coach. I thought there would be an exception for the companys founder, he said in 2012. Mr. Bogle had legendary status in the American investment community, largely because of two towering achievements: He introduced the first index mutual fund for investors and, in the face of skeptics, stood behind the concept until it gained widespread acceptance; and he drove down costs across the mutual fund industry by ceaselessly campaigning in the interests of investors. This was a theme for Mr. Bogle and his successors: Vanguard is known today for maintaining investment costs among the lowest in the industry. He received honorary doctorate degrees from Villanova University, Trinity College, Georgetown University, Princeton University, the University of Delaware, University of Rochester, New School University, Susquehanna University, Eastern University, Widener University, Albright College, The Pennsylvania State University, Drexel University, and Immaculata University. Another family rite revolved around the Fourth of July, a holiday that evoked Mr. Bogles strong sense of patriotism. There will be things youll do that youll wish you hadnt, and things you wont do that youll wish you had. "We must hold ourselves to higher standards, standards of trust and fiduciary duty. National Council on Economic Education Visionary Award, 2007. Motivated by a mix of pragmatism and idealism, Mr. Bogle was regarded by friends and foes alike as the conscience of the industry and the sheriff of Wall Street. The thesis earned Mr. Bogle a top grade, and he graduated magna cum laude. This phone number may belong to other persons Barbara Bogle, David B Renninger, Andrew Renninger, Barbara B Renninger, Christina Renninger, Rebecca M Renninger. Of very few this can be said.. In January 1996, Mr. Bogle passed the reins of Vanguard to his hand-picked successor, John J. Brennan, who joined the company in 1982 as Mr. Bogle's assistant. He built the Vanguard Group on the belief that over the long term, most investment managers cannot outperform the broad market averages. Were never allowed to use the word product, he told an interviewer in 1995. I grew up in the best possible way, Mr. Bogle said in 2008, because we had social standing I never thought I was inferior to anybody because we didnt have any money but I had to work for everything I got.. He took chances on people because someone took a chance on him, said Stengel. John Clifton Bogle early realized the value of a penny. Mr. Bogle regularly gave half his salary to charities. Eve Bogle: Children: Yes (Sandra Bogle Marucci, Jean Bogle, Nancy Moore Bogle, Andrew Armstrong Bogle, Barbara Bogle Renninger, John Bogle Jr.) Dating/Girlfriend (Name): N/A: Profession: Investor, business magnate, and philanthropist: Net Worth in 2022: $85 million: Last Updated: December 2022 There was no bed or couch, he was informed. His daughter Barbara Bogle Renninger served on the board of the Gesu School in North Philadelphia, where she was also a volunteer math tutor; his son Andrew was a patron of Robin Hood, a philanthropic organization established by investment bankers and hedge-fund managers to alleviate poverty in New York City. A private service will be held next week. His greatest accomplishment, Mr. Bogle often said, was putting the mutual back in mutual funds. His most important innovation was the index fund. Barbara has been found in 8 states including Texas, Nebraska, Florida, South Carolina, Pennsylvania. In contrast to a management company, which in most cases controls the fund complex and provides all the investment, administrative and marketing services required in its operations, Vanguard is more like a mutual insurer, owned by investors in the funds, which employ their own officers and staff. In December 1949, while leafing through Fortune, he happened upon an article about the embryonic mutual-fund industry, and Mr. Bogle developed the topic for his senior thesis. Mr. Bogle was proud of the many jobs he held in his youth newspaper delivery boy, waiter, ticket seller, mail clerk, cub reporter, runner for a brokerage house, pinsetter in a bowling alley. He was the author of at least 10 books, mainly about investing all of which he proudly wrote himself. The third result is Barbara Renninger age 30s in . Mr. Bogle wrote 12 books, selling over 1.1 million copies worldwide. Along the way, Mr. Bogle attracted his share of critics. Mr. Bogle had long argued that a mutual fund representing a broad range of businesses for instance, the Standard & Poors 500, an index containing the stocks of 500 large publicly held U.S. companies would not only match the markets average return but also generally surpass the performance of actively managed funds. John Bogle, Vanguard chief inside the corporate office in Chesterbrook in 1989. Check social media profiles, resumes and CV, places of employment, public records, work history, skilled experts, arrest records, photos and videos and business records . | Pulse Nigeria These innovations, reviled and ridiculed at first, enabled millions of ordinary Americans to build wealth to buy a home, pay for college, and retire comfortably. In the last three years of the 1990s, Vanguard received more new money from investors than the next three largest fund companies combined. Said Stengel: I often felt compelled to leave an extra tip so the waitress wouldnt feel shortchanged.. So he walked into this little office and pushed a chair over so its back was on the floor, Falloon recalls. From the station or airport, he walked to his destination rather than taking a cab, or hailed a cab rather than riding in a limo, even in his 70s. Im contributing to society. At breakfast with a reporter in 1993, at a suburban Philadelphia restaurant near Vanguards headquarters, Mr. Bogle figured out that he would beat the $5.95 cost of the buffet by ordering from the menu. Enjoy a celebratory evening of cocktails and hors d'oeuvres, dinner, the presentation of the Gesu Spirit Medal to Peter G. Gould & Reverend Stephen D. Thorne, and inspiring stories, art, and performances from Gesu School students. Cision Distribution 888-776-0942 Vanguard managed its indexed mutual funds at cost, charging investors fees that were far lower than those of virtually all of its rivals. He revered language, history, poetry, and classical wisdom, and frequently amazed and delighted people by reciting long passages of verse. Despite the heavy demands on his time, Mr. Bogle put his family first. Raymond G. Perelman, the master deal-maker and philanthropist who gave away more than $300 million to the University of Pennsylvania and other causes, died Monday at his home in Philadelphia. There will be things youll do that youll wish you hadnt, and things you wont do that youll wish you had. Eve Bogle: Children: Yes (Sandra Bogle Marucci, Jean Bogle, Nancy Moore Bogle, Andrew Armstrong Bogle, Barbara Bogle Renninger, John Bogle Jr.) Dating/Girlfriend (Name): N/A: Profession: Investor, business magnate, and philanthropist: Net Worth in 2023: $85 million: Last Updated: February 2023 Two of his children followed his example of service in an obvious way.