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Taylor first began working at Enterprise washing cars when he was 16. [ 2 ] [ 3 ] [ 4 ] He would work during holiday vacations and learn the business from the ground up during summer breaks. In 1970, Taylor earned a Bachelor of Business Administration from the University of Denver , where he was a member of Tau Kappa Epsilon fraternity.
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Harry Truman was among the poorest U.S. presidents, with a net worth considerably less than $1 million. His financial situation contributed to the doubling of the presidential salary to $100,000 in 1949. [5] In addition, the presidential pension was created in 1958 when Truman was again experiencing financial difficulties. [6]
In 1945, Taylor married the former Mary Ann MacCarthy, and the couple had two children: Andrew C. Taylor, who is the executive chairman of Enterprise, and Jo Ann Taylor, who runs the Taylor family philanthropic activities. [5] Taylor and his first wife divorced in 1977 after a long separation, and in 1979, he married Susan Orrison.
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