Billionaire Profile
Riley Bechtel & family
Global Rank
#260

Image: Public domain | via Wikimedia Commons

Riley Bechtel & family

CEO, Bechtel Corporation
US
Real-Time Net Worth
$11.7B
As of December 2025
Age
73
Source
Engineering, construction
Industry
construction-engineering
Citizenship
US

Biography

Riley Bechtel, born March 25, 1952, is an American billionaire heir and businessman. He is the great-grandson of Warren A. Bechtel, the founder of Bechtel Corporation, a global leader in engineering and construction. Riley served as the chairman of Bechtel Corporation until April 2017 and ran the family business from 1990 to 2014. His career includes a JD/MBA from Stanford University and experience at a law firm before joining Bechtel full-time in 1981. During his tenure, Bechtel undertook numerous large-scale projects globally, solidifying the company's reputation. After stepping down as CEO due to health reasons associated with Parkinson's disease, he continues to be involved in philanthropic and educational endeavors. Riley’s source of wealth stems from his role in Engineering and Construction.

Wealth Over Time

In-Depth Profile

Early Life and Education

Riley Peart Bechtel was born on March 25, 1952, in Alameda County, California. He is the great-grandson of Warren A. Bechtel, who founded the Bechtel Corporation in 1898. His parents are Elizabeth Hogan and Stephen Bechtel Jr., the former chairman and CEO of Bechtel. Riley attended The Thacher School and later pursued higher education, earning a bachelor's degree from the University of California, Davis. He furthered his education at Stanford University, where he obtained a joint Juris Doctor (JD) and Master of Business Administration (MBA) degree in 1977.

Rise to Success

After graduating from Stanford, Riley worked for the law firm of Thelen, Marrin, Johnson & Bridges. He officially joined Bechtel full-time in 1981, taking on the role of contract coordinator. Over the years, he advanced through the company, becoming president and chief operating officer in March 1989. In June 1990, Riley was appointed CEO, and in January 1996, he also became the chairman of Bechtel. Riley's leadership oversaw some of Bechtel's most significant projects, including the Hoover Dam and San Francisco's Bay Area Rapid Transit (BART) system.

Key Business Strategies

Riley’s approach emphasized a commitment to large-scale infrastructure projects. This strategy led Bechtel to become a key player in engineering, construction, and project management. The company has undertaken projects worldwide, including major developments in the energy, infrastructure, and government sectors. Under his leadership, Bechtel focused on innovation and collaboration to deliver value to its customers and communities.

Philanthropy

Riley Bechtel is actively involved in philanthropic efforts. He and his wife, Susan, established the Riley and Susan Bechtel Foundation, which supports poverty-fighting programs, ensuring access to basic needs, and creating pathways to career and employment. The foundation supports organizations such as the Foodbank of Santa Barbara County. He has also been involved with various organizations, including the Conservation Fund and the Ocean Exploration Trust.

Career Milestones

1981

Joined Bechtel full-time

Joined Bechtel as a contract coordinator.

1989

President and COO

Elected President and COO of Bechtel.

1990

CEO

Became CEO of Bechtel.

1996

Chairman

Also became the chairman of Bechtel.

2014

Stepped down as CEO

Stepped down due to health reasons.

2017

Stepped down as Chairman

Stepped down as Chairman.

Philanthropy & Social Impact

Poverty Alleviation

Riley and Susan Bechtel Foundation

$63.5M

Funds poverty-fighting programs aimed at ending the cycle of poverty

Controversies & Challenges

2014

Stepping down as CEO

Stepped down as CEO due to health reasons related to Parkinson's disease.