His estate’s current net worth is $8 million, according to Celebrity Net Worth.After retiring from NASA in 1971, Armstrong worked as a professor at the University of Cincinnati, and later as the chairman or director of several companies, including Computing Technologies for Aviation and AIL Systems.
So comparatively, the Apollo-11 astronauts were well paid.In addition to competitive salaries, NASA employees are civil-service employees and are therefore entitled to a number of benefits. The first group of astronauts was hired by NASA in 1959.
Starting salaries begin at just over $66,000 a year. These signed covers could fetch upwards of $5,000 at auction today, according to Collectors Weekly.Armstrong came a long way from not being able to afford life insurance. Job: Astronaut Salary: In Canada, astronauts are government employees and their pay starts at about $50,000 a year.Astronauts can earn as much as …
He continues to advocate for human space exploration as a Global Stateman for Space and creator of think-tank the Human SpaceFlight Institute.Aldrin is also the author of nine books, including the children’s book “Welcome to Mars: Making a Home on the Red Planet” and the New York Times bestseller “No Dream Is Too High: Life Lessons From a Man Who Walked on the Moon.”Although Collins’ net worth is unknown, he’s had a successful career post-Apollo 11. Initially, these applicants were chosen based on flight experience, engineering training and height — due to the size of the Mercury spacecraft, these men had to be below 5 feet, 11 inches.Things have changed since then, including both the criteria to become an astronaut and how much these men and women are paid. Astronauts must pass the NASA long-duration physical and have 20/20 vision, with or without corrective lenses.Other physical requirements include having blood pressure that does not exceed 140/90 and a height between 5 feet, 1 inch tall and 6 feet, 3 inches tall.Candidates who meet all three astronaut requirements and pass the initial screening must go through a week-long process of interviews, medical screenings and orientations.In 2016, a record 18,300 people applied to be astronauts, and of that pool, only 120 were invited for interviews. Collins has worked as the assistant secretary of state for public affairs, the first director of the National Air and Space Museum, undersecretary of the Smithsonian Institution and vice president of field operations for the Vought Corporation.
Accounting for inflation, Armstrong was paid $230 in 2019 dollars — so it seems like NASA really got a bargain considering the giant, history-making risk Armstrong was taking.Aldrin also risked his life in the name of space exploration, and he earned a salary of $18,623. In 2019 dollars, his salary would amount to $129,598.Collins, the third astronaut on the iconic Apollo 11 mission, earned a salary of $17,148 a year including fringe benefits, the Boston Herald reported. Accounting for inflation, Armstrong was paid $230 in 2019 dollars — so it seems like NASA really got a bargain considering the giant, history-making risk Armstrong was taking.Aldrin also risked his life in the name of space exploration, and he earned a salary of $18,623. From a pool of 500 applicants, seven men were selected to become the first American astronauts, known as the Mercury 7.
And yes, astronauts now get life insurance through the government-wide Federal Employees Group Life Insurance.Many people dream of going to outer space, but it’s not easy to get one of the coveted jobs at NASA. When you put the whole package together — our work, the pay, the benefits, being part of the NASA family — we truly have some of the best jobs on earth … or above it!”Copyright © 2020 Sunmark Credit Union. And while America’s focus hasn’t been on space exploration in a good nine years, the launch of a SpaceX Crew Dragon is piquing people’s interests. © Harvey Georges/AP / Shutterstock.com
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