Riley Peart Bechtel

CBE The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations, and public service outside the civil service. It was established o ...

(born March 25, 1952) is an American billionaire heir and businessman. He was the chairman of the

Bechtel Corporation Bechtel Corporation () is an American engineering, procurement, construction, and project management company founded in San Francisco, California, and headquartered in Reston, Virginia. , the '' Engineering News-Record'' ranked Bechtel as ...

until April 2017.Bechtel biography
As of July 2021, his estimated net worth is US$2.7 billion.

Early life

He is the great-grandson of

Warren A. Bechtel Warren Abraham Bechtel (September 12, 1872 – August 28, 1933) was the founder of the Bechtel Corporation, the 2nd largest construction company in the United States as of 2022. Early life Warren Abraham Bechtel was born on September 12, 1872, ...

, the company's founder. His parents were Elizabeth Hogan and

Stephen Bechtel Jr. Stephen Davison Bechtel Jr. (May 10, 1925 – March 15, 2021) was an American billionaire, businessman, civil engineer, and co-owner of the Bechtel, Bechtel Corporation. He was the son of Stephen Davison Bechtel Sr. and grandson of Warren A. Bec ...

, who was the former chairman and CEO of the company. He attended

The Thacher School The Thacher School is an elite private co-educational boarding school in Ojai, California. Founded in 1889 as a boys' school, it is now the oldest co-educational boarding school in California. Girls were first admitted in 1977. The first co-ed gra ...

, a boarding school. He received a bachelor's degree in

political science Political science is the scientific study of politics. It is a social science dealing with systems of governance and power, and the analysis of political activities, political thought, political behavior, and associated constitutions and la ...

and psychology from the

University of California, Davis The University of California, Davis (UC Davis, UCD, or Davis) is a public land-grant research university near Davis, California. Named a Public Ivy, it is the northernmost of the ten campuses of the University of California system. The inst ...

, and a JD/MBA from Stanford University in 1977. He was admitted to the State Bar of California in November 1979 and joined the

American Bar Association The American Bar Association (ABA) is a voluntary bar association of lawyers and law students, which is not specific to any jurisdiction in the United States. Founded in 1878, the ABA's most important stated activities are the setting of aca ...

Career

He worked for the law firm of Thelen, Marrin, Johnson & Bridges. He joined Bechtel full-time in 1981 and was elected president and chief operating officer in March 1989. He became CEO in June 1990. In January 1996, he also became chairman of Bechtel. He sits on the board of directors of the international council of J.P. Morgan Chase & Co. (since 1995), the

Fremont Group Fremont Group is a private investment group based in San Francisco, California, United States. It was formerly known as Bechtel Investments up until 1993, reflecting its ownership by the Bechtel family. In 1993, its name was officially changed to ...

(owned by Bechtel Corporation), the Fremont Group (which in turn runs Trinity Ventures, LP), Fremont Investors, Inc. (owned by Bechtel Corporation), and Sequoia Ventures, Inc. (limited partner of Bechtel Corporation). He was a board member of

Theranos Theranos Inc. () was an American privately held corporation that was touted as a breakthrough health technology company. Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US$700 million from venture capitalists a ...

. He is a former member of the

Trilateral Commission The Trilateral Commission is a nongovernmental international organization aimed at fostering closer cooperation between Japan, Western Europe and North America. It was founded in July 1973 principally by American banker and philanthropist David ...

, the American Society of Corporate Executives,

The Business Council The Business Council is an organization of business leaders headquartered in Washington, D.C.Business Roundtable The Business Roundtable (BRT) is a nonprofit lobbyist association based in Washington, D.C. whose members are chief executive officers of major United States companies. Unlike the U.S. Chamber of Commerce, whose members are entire businesses, BR ...

, and the National Petroleum Council. He sits on the corporate council of the

Conservation Fund The Conservation Fund is a U.S. nonprofit organization with a dual charter to pursue environmental preservation and economic development. From 2008–2018, it has placed more than 500,000 acres under conservation management through a program wh ...

and the Board of Trustees of the Ocean Exploration Trust. He also sits on the governing board of the

Indian School of Business The Indian School of Business (ISB) is a private business school established in India in 2001. It has two parallel campuses in India, in Hyderabad (Telangana) and Mohali (Punjab). It offers certificates in various post-graduate management prog ...

, Stanford Graduate School of Business advisory council,

Stanford Law School Stanford Law School (Stanford Law or SLS) is the law school of Stanford University, a private research university near Palo Alto, California. Established in 1893, it is regarded as one of the most prestigious law schools in the world. Stanford La ...

Dean's advisory council, and

UC Davis The University of California, Davis (UC Davis, UCD, or Davis) is a public land-grant research university near Davis, California. Named a Public Ivy, it is the northernmost of the ten campuses of the University of California system. The institut ...

' board of visitors. He was appointed to the President's Export Council by

George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...

. In 1998, he and his father were presented with the

Honor Award The National Building Museum promotes excellence in architecture, engineering, construction, planning, and design. In furtherance of that mission, the Museum instituted an annual Honor Award in 1986 to recognize individuals and organizations that ...

from the National Building Museum for their company's contributions to America's built environment. He was elected a Fellow of the

American Academy of Arts and Sciences The American Academy of Arts and Sciences (abbreviation: AAA&S) is one of the oldest learned societies in the United States. It was founded in 1780 during the American Revolution by John Adams, John Hancock, James Bowdoin, Andrew Oliver, a ...

in 2001. He is also an Honorary Fellow of the

American Society of Civil Engineers American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, pe ...

and an Honorary Lifetime member of the

American Society of Safety Engineers American Society of Safety Professionals (ASSP), formerly known as American Society of Safety Engineers (ASSE) until June 2018, is a global organization of more than 37,000 occupational safety and health (OSH) professional members who manage, ...

Wealth

According to ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

'', his estimated net worth is US$3 billion, as of October 2021.

Personal life

He resides in California with his wife, Susan. He is a member of the

Augusta National Golf Club Augusta National Golf Club, sometimes referred to as Augusta or the National, is a golf club in Augusta, Georgia, United States. Unlike most private clubs which operate as non-profits, Augusta National is a for-profit corporation, and it does n ...

as well as the all-male Bohemian Club in San Francisco and attends its annual encampment, the

Bohemian Grove Bohemian Grove is a restricted 2,700-acre (1,100 ha) campground at 20601 Bohemian Avenue, in Monte Rio, California, United States, belonging to a private San Francisco–based gentlemen's club known as the Bohemian Club. In mid-July each year, ...

. He is consistently ranked in the top 200 richest people in the US and the top 500 richest people in the world by ''

'' magazine. In February 2014, Bechtel announced that, after 25 years, he was stepping down as CEO of Bechtel Corporation because of health reasons associated with

Parkinson's disease Parkinson's disease (PD), or simply Parkinson's, is a long-term degenerative disorder of the central nervous system that mainly affects the motor system. The symptoms usually emerge slowly, and as the disease worsens, non-motor symptoms becom ...

.Engineering News-Record
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References

{{DEFAULTSORT:Bechtel, Riley P. 1952 births American chief executives American construction businesspeople American billionaires Bechtel Fellows of the American Academy of Arts and Sciences Living people Businesspeople from San Francisco People from Alameda County, California Stanford Law School alumni University of California, Davis alumni American chief operating officers People from Menlo Park, California Theranos people