Frank Borman is a name etched in the annals of history, not just for his heroic career at NASA but also for his accomplishments as a businessman and pioneer in aviation. Best known as the commander of the Apollo 8 mission, the first crewed spacecraft to orbit the Moon, Borman’s career has paved the way for his immense financial success. His transition from a trailblazing astronaut to a reputed business leader demonstrates his ability to excel through intellect, determination, and strategic opportunities. Today, Frank Borman net worth reflects a lifetime of achievements, resilience, and dedication.
This article explores Frank Borman’s financial story, including his sources of income, key assets, and lifestyle. From his roots to his latest financial milestones, we examine how Frank Borman built his wealth and carved out an enduring legacy.
Early Life and Career
Formative Years
Frank Frederick Borman II was born on March 14, 1928, in Gary, Indiana. Raised in Tucson, Arizona, Borman developed an early fascination with aviation. At just 15 years old, he earned his pilot’s license, which became the foundation for his illustrious career. His parents, Edwin and Marjorie Borman, encouraged his passion for flying, and they played a pivotal role in his formative years.
Borman went on to study mechanical engineering at the United States Military Academy at West Point, graduating in 1950. Soon after, he joined the United States Air Force, where he honed his skills as a fighter pilot, eventually earning a master’s degree in aeronautical engineering from the California Institute of Technology.
NASA and the Apollo 8 Mission
Borman’s career took a monumental turn when he was selected as a NASA astronaut in 1962. He first flew as the command pilot of the Gemini 7 mission, but it was as the commander of Apollo 8 that he made history. Alongside Jim Lovell and William Anders, Borman guided humanity’s first voyage around the Moon in 1968.
However, Frank Borman Apollo 8 illness became a key narrative of the mission, as he dealt with motion sickness during the early stages. Despite this, his leadership ensured the mission’s success, cementing his status as a global hero. Following this momentous contribution, Borman retired from NASA in 1970 to explore new opportunities in the corporate world.
Sources of Income
Frank Borman’s post-NASA career unlocked various income streams, demonstrating his ability to transition from a public service role to a lucrative corporate career.
1. Corporate Leadership
Post-retirement, Borman joined Eastern Airlines as an executive. Starting as a senior vice president, he eventually worked his way up to become chairman and CEO. Under his leadership, Eastern Airlines navigated numerous challenges, with Borman gaining significant financial rewards for his role in turning around the company’s fortunes.
2. Book Royalties and Speaking Engagements
Borman co-authored the book “Countdown”, which documents his experiences as an astronaut and corporate executive. The book’s success added to his wealth, and Borman also became a sought-after speaker, commanding substantial fees for his motivational and industry-related talks.
3. Investments and Advisory Roles
Borman made strategic investments post-retirement, particularly in aviation-related ventures. His expertise also saw him serving as an advisor for various organizations, adding a steady income stream.
4. Military Pension and Government Earnings
Borman’s service in the Air Force and later as a NASA astronaut comes with the added financial benefit of a military pension. His government service formed the base of his financial growth early in his career.
Financial Growth Breakdown – Wealth Analysis
Frank Borman’s financial trajectory showcases a combination of government, corporate, and entrepreneurial earnings. Here’s a breakdown of Frank Borman net worth over time:
- 1960s: Modest government salary while serving as an astronaut, with savings from his Air Force tenure. Estimated wealth around $150,000.
- 1970s – Eastern Airlines: Borman transitioned into corporate leadership, growing his wealth to approximately $2-3 million by the end of the decade.
- 1990s: Following his retirement from Eastern Airlines, strategic investments and advisory roles pushed his net worth to an estimated $8 million.
- 2023: With his diversified portfolio, Frank Borman net worth is currently estimated to be at $10-12 million.
Assets & Properties
Borman’s assets showcase his achievements but maintain a sense of practicality reflective of his disciplined approach to life.
- Real Estate: Frank Borman resides in a sprawling property in Las Cruces, New Mexico. The home, while modest in comparison to modern celebrity standards, reflects understated luxury and comfort.
- Aviation Collection: Borman’s passion for flight is evident in his collection of aviation memorabilia, including model planes and books tied to aeronautical history.
- Investments: Though private, it’s believed Borman holds investments in aviation and engineering firms.
Expenditures & Lifestyle
Frank Borman’s disciplined career as an astronaut and military officer is reflected in his lifestyle. He isn’t known for lavish spending, instead focusing on philanthropy, education initiatives, and family. His expenses are centered around maintaining his properties and indulging in his love of aviation.
Height and Physical Appearance
At 5’10”, Frank Borman has always carried himself with the confidence and resolve befitting a leader. His sharp features and piercing blue eyes made him a recognizable face among the early NASA astronauts. Despite his advancing years, Borman continues to command respect with his dignified demeanor.
Updated Net Worth as of 2024
By 2024, Frank Borman net worth is projected to grow to $12 million, thanks to ongoing royalties, investments, and advisory roles within the aerospace sector. Though retired, his legacy continues to drive income opportunities.
Detailed Bio Table
| Category | Details |
|---|---|
| Full Name | Frank Frederick Borman II |
| Net Worth (2023) | $10-12 Million |
| Height | 5’10” |
| Birthplace | Gary, Indiana |
| Parents | Edwin and Marjorie Borman |
| Spouse | Susan Borman |
| Children | Two sons, Frederick and Edwin |
Social Media Accounts Table
| Platform | Social Handle |
|---|---|
| Not Active | |
| Not Active |
Latest News
While Frank Borman leads a quieter public life, recent news highlights his continued influence within the aerospace industry and veteran circles. His contributions to space exploration remain a focal point for events commemorating the Apollo 8 mission.
FAQs – Wealth Facts & Net Worth FAQs
Q1. What is Frank Borman’s net worth in 2023?
A. Frank Borman’s net worth is estimated at $10-12 million.
Q2. Did Frank Borman receive royalties for his book “Countdown”?
A. Yes, the book became a notable source of income for Borman.
Q3. What role did Frank Borman play at Eastern Airlines?
A. Borman served as chairman and CEO, guiding the company through challenging times.
Q4. Is Frank Borman active on social media?
A. No, Frank Borman does not currently maintain active social media accounts.
Q5. What is Frank Borman’s most notable achievement?
A. He commanded Apollo 8, the first crewed orbit of the Moon, in 1968.
Closing Thoughts
Frank Borman’s story exemplifies the power of ambition, resilience, and strategic career moves. From leading groundbreaking space missions to steering corporate recovery efforts, his legacy is as diverse as it is inspiring. Frank Borman net worth is more than a financial figure—it’s a testament to a life dedicated to progress and excellence.