John Bogle, Vanguard Founder and Low-Cost Investing Pioneer, Dies at 89

John Bogle, Vanguard Founder and Low-Cost Investing Pioneer, Dies at 89
Jack Bogle, founder and retired CEO of The Vanguard Group, speaks during the Global Wealth Management Summit in New York, June 17, 2014. REUTERS/Shannon Stapleton/File Photo
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John Bogle, whose family’s struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world’s biggest mutual fund firm, died Jan. 16 at the age of 89, Vanguard said.

Bogle had been in frail health for years, surviving at least six heart attacks and receiving a heart transplant in 1996. The cause of death was cancer, according to Bogle’s assistant Michael Nolan.