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Paul Nitze (Paul Henry Nitze) was born on 16 January, 1907 in Amherst, Massachusetts, U.S., is an American government official. Discover Paul Nitze's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 97 years old?

Popular As Paul Henry Nitze
Occupation N/A
Age 97 years old
Zodiac Sign Capricorn
Born 16 January 1907
Birthday 16 January
Birthplace Amherst, Massachusetts, U.S.
Date of death 19 October, 2004
Died Place Washington, D.C., U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 16 January. He is a member of famous with the age 97 years old group.

Paul Nitze Height, Weight & Measurements

At 97 years old, Paul Nitze height not available right now. We will update Paul Nitze's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

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Who Is Paul Nitze's Wife?

His wife is Phyllis Pratt (m. 1932-1987) Elisabeth Scott Porter (m. 1993)

Family
Parents Not Available
Wife Phyllis Pratt (m. 1932-1987) Elisabeth Scott Porter (m. 1993)
Sibling Not Available
Children Not Available

Paul Nitze Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Paul Nitze worth at the age of 97 years old? Paul Nitze’s income source is mostly from being a successful . He is from United States. We have estimated Paul Nitze's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income

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Timeline

1907

Paul Henry Nitze (January 16, 1907 – October 19, 2004) was an American businessman and government official who served as United States Deputy Secretary of Defense, U.S. Secretary of the Navy, and Director of Policy Planning for the U.S. State Department.

He is best known for being the principal author of NSC 68 and the co-founder of Team B.

He helped shape U.S. Cold War defense policy over the course of numerous presidential administrations.

Nitze was born in Amherst, Massachusetts, the son of Anina Sophia (Hilken), a homemaker, and William Albert Nitze, a professor of Romance linguistics who concluded his career at the University of Chicago.

His parents were both of German descent.

His ancestors came from the region of Magdeburg in the state of Saxony-Anhalt, Germany.

In his memoir, From Hiroshima to Glasnost, Paul Nitze describes how as a young boy he witnessed the outbreak of World War I while he was traveling in Germany with his father, mother, and sister, arriving in Munich just in time to be struck by the city crowds' patriotic enthusiasm for the imminent conflict.

1924

Nitze attended The Hotchkiss School, where he was a member of the class of 1924 and the University of Chicago Laboratory Schools.

1928

He graduated from Harvard University in 1928 and entered the field of investment banking.

In 1928 and 1929, the Chicago brokerage firm of Bacon, Whipple and Company sent Nitze to Europe.

Upon his return, he heard Clarence Dillon predict the Great Depression and the decline of the importance of finance.

Having attained financial independence through the sale to Revlon of his interest in a French laboratory producing pharmaceutical products in the United States, Nitze took an intellectual sabbatical that included a year of graduate study at Harvard in sociology, philosophy, and constitutional and international law.

1929

In 1929 he joined investment bank Dillon, Read & Co. where he remained until founding his own firm, P. H. Nitze & Co, in 1938.

1932

In 1932, he married Phyllis Pratt, daughter of John Teele Pratt, a Standard Oil financier, and of Ruth Baker Pratt, Republican Congresswoman for New York.

1939

He returned to Dillon, Read as Vice-President from 1939 through to 1941.

1942

In 1942, he became finance director of the Office of the Coordinator of Inter-American Affairs, working for Nelson Rockefeller.

1943

In 1943 he became chief of the Metals and Minerals Branch of the Board of Economic Warfare, until he was named director, Foreign Procurement and Development Branch of the Foreign Economic Administration later that year.

Nitze co-founded the School of Advanced International Studies (SAIS) with Christian Herter in 1943 and the world-renowned graduate school, based in Washington, D.C., is named in his honor.

1944

From 1944 to 1946, Nitze served as director and then as Vice Chairman of the Strategic Bombing Survey for which President Harry S. Truman awarded him the Legion of Merit.

One of his early government assignments was to visit Allied-occupied Japan in the immediate aftermath of the atomic bombings of Hiroshima and Nagasaki and assess the damage.

This experience framed many of his later feelings about the power of nuclear weapons and the necessity of arms control.

1945

His publications during this period include U.S. Foreign Policy: 1945–1955.

1950

In the early postwar era and Cold War, he served in the Truman Administration as Director of Policy Planning for the State Department (1950–1953).

He was also the principal author in 1950 of the highly influential but secret National Security Council policy paper, NSC 68, which provided the strategic outline for increased US expenditures to counter the perceived threat of Soviet armament.

During the Korean War, he advised the Truman administration against blaming the Soviet Union for the conflict too directly in order to avoid risking an escalation to World War III.

1953

From 1953 to 1961, Nitze served as president of the Foreign Service Educational Foundation while concurrently serving as associate of the Washington Center of Foreign Policy Research and the School of Advanced International Studies (SAIS) of the Johns Hopkins University.

1956

In 1956 he attended the Project Nobska anti-submarine warfare conference, where discussion ranged from oceanography to nuclear weapons.

1961

In 1961, President Kennedy appointed Nitze Assistant Secretary of Defense for International Security Affairs.

1963

In 1963, Nitze became the Secretary of the Navy, serving until 1967.

According to the US Navy "as the Navy secretary, he raised the level of attention given to quality of Service issues. His many achievements included establishing the first Personnel Policy Board and retention task force (the Alford Board), and obtaining targeted personnel bonuses. He lengthened commanding officer tours and raised command responsibility pay."

1967

Following his term as Secretary of the Navy, he served as Deputy Secretary of Defense (1967–1969), as a member of the US delegation to the Strategic Arms Limitation Talks (SALT) (1969–1973).

1970

Paul Nitze was a cofounder of Team B, a 1970s intelligence think tank that challenged the National Intelligence Estimates provided by the CIA.

1979

Later, fearing Soviet rearmament, he opposed the ratification of SALT II (1979).

1987

She died in 1987.

They had four children: Heidi, Peter, William, and Phyllis Anina (Nina).

The journalist Nicholas Thompson, who wrote a biography of Nitze and George F. Kennan, is his grandson.

1993

He was married to Elisabeth Scott Porter from 1993 until his death in 2004.

Nitze's brother-in-law, Walter Paepcke, founded the Aspen Institute and Aspen Skiing Company.

Nitze continued to ski in Aspen until well into his 80s.

Nitze entered government service during World War II after having been hired by his Wall Street colleague James Forrestal when Forrestal became an administrative assistant to President Franklin D. Roosevelt.