John C. Bogle was born on August 8, 1929, in Montclair, New Jersey. He grew up in a middle-class family and showed an early interest in finance and investing. Bogle attended Princeton University, where he studied economics and graduated in 1951.
After college, Bogle began his career at the Wellington Management Company in Philadelphia and Boston. He quickly rose through the ranks and gained valuable experience in the investment management industry.
In 1974, Bogle founded The Vanguard Group, a mutual fund investment company that would revolutionize the industry. He believed in low-cost index funds as a way for individual investors to achieve long-term financial success.
Bogle was not only a successful entrepreneur but also a prolific writer. In 1999, he published the bestselling book "Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor," which became a classic in the field of personal finance.
Throughout his career, Bogle was a leading advocate for investors' rights and championed the idea of putting the client first. He was a vocal critic of excessive fees and unnecessary complexity in the financial industry.
Bogle was a devoted family man and settled in Bryn Mawr, Pennsylvania, with his wife and six children. He was actively involved in philanthropy and served on the board of various organizations, including Yale University's Millstein Center for Corporate Governance and Performance.
John C. Bogle's contributions to the world of finance were widely recognized, and he received numerous awards and honors throughout his lifetime. He was succeeded by former U.S. President George H.W. Bush as Chairman of the Board of Philadelphia's National Constitution Center.
John C. Bogle's innovative ideas and unwavering commitment to ethical investing have left a lasting impact on the financial industry. He will always be remembered as a visionary entrepreneur who put the interests of investors first.