Pete Hegseth, a prominent Fox News personality and military veteran, has built a substantial fortune over the years. As of 2024, his estimated net worth stands at $27 million, largely due to his high-profile career in television and his various investments. Hegseth has earned a solid reputation not only as a conservative commentator but also as a successful businessman, with a diverse portfolio that includes real estate, stocks, and luxury assets.
Pete Hegseth Net Worth and Salary
- Net Worth: $27 Million
- Annual Salary: $8 Million (from Fox News)
- Inheritance: $400,000
- Assets: $15 Million
- Investments: $10 Million
Pete Hegseth earns an impressive $8 million a year from his role at Fox News. He’s been a key figure in the network’s lineup, notably hosting special coverage events like FNC’s New Year’s Eve broadcasts. His success in media is a major driver of his wealth, alongside other profitable ventures.
Pete Hegseth’s Assets and Investments
Hegseth’s wealth is not just tied to his salary. He owns several high-value assets, including:
- Real Estate: Pete owns four properties, which have appreciated over time and serve as a significant portion of his net worth.
- Cars: Among his prized vehicles are a new McLaren GT, a Porsche Macan, and a collection of vintage cars valued at over a million dollars.
- Yachts: Hegseth also enjoys a lavish lifestyle with three luxury yachts.
- Cash Reserves: Pete keeps more than $5 million in cash reserves, ensuring financial flexibility.
Hegseth’s investment portfolio is also impressive, consisting of 10 stocks valued at around $15 million, showcasing his sharp business acumen and ability to diversify his wealth.
Liabilities
Like many high-net-worth individuals, Hegseth has some liabilities. He took out a student loan of $50,000 to fund his education but was able to pay it off thanks to his successful career in television. Additionally, he holds a few mortgage loans to expand his real estate investments, but these liabilities are well-managed given his substantial income and assets.
Growth of Pete Hegseth’s Net Worth
Over the past few years, Pete Hegseth’s net worth has seen significant growth:
- 2024: $27 Million
- 2023: $22 Million
- 2022: $18 Million
- 2021: $15 Million
- 2020: $10 Million
This upward trajectory reflects both his increasing salary at Fox News and the success of his various investment ventures.
Pete Hegseth’s Military Service
Before he became a media figure, Hegseth served in the U.S. Army National Guard. His military career included a notable deployment to Iraq, where he served as an infantry platoon leader and later as a civil-military operations officer in Samarra. During his time in Iraq, Pete earned several military honors, including the Bronze Star Medal, Combat Infantryman Badge, and Army Commendation Medal. His experiences in the military played a pivotal role in shaping his views and career, and he often draws on his background in service when discussing national security and defense on Fox News.
Personal Life: Family and Relationships
Pete Hegseth’s personal life has garnered some attention over the years, particularly his relationships. He first married Meredith Schwarz in 2004, but the couple divorced in 2009. He later married Samantha Deering in 2010, and the two have three children together. However, Hegseth’s marriage to Deering became complicated when he fathered a child with Jennifer Rauchet, a Fox News executive producer, during their marriage.
Pete Hegseth’s Career at Fox News
Hegseth joined Fox News as a contributor in 2014, and quickly became a prominent figure on the network. In December 2018, he co-hosted the channel’s special New Year’s Eve coverage, All-American New Year, where a phone interview with President Trump was broadcast. Hegseth’s outspoken views and strong presence on screen helped solidify his role at Fox News, making him one of the channel’s most well-known figures.
In 2022, he made headlines during a segment on Fox & Friends Weekend when he altered his Harvard University diploma. He crossed out “Harvard” and wrote “Critical Theory” before adding “RETURN TO SENDER” as a protest against what he described as the influence of political correctness at elite universities.
Conclusion
Pete Hegseth has built a successful career through his work in television, his military service, and his investments. With a net worth of $27 million, he has capitalized on his media presence, real estate ventures, and stock portfolio. Whether it’s his high-paying role at Fox News, his luxury assets, or his diverse investments, Hegseth continues to expand his wealth and influence in both the media and business worlds.
FAQs
What is Pete Hegseth’s net worth in 2024?
Pete Hegseth’s net worth is estimated at $27 million as of 2024.
How much does Pete Hegseth make at Fox News?
Pete Hegseth earns an annual salary of $8 million from his work at Fox News.
What are some of Pete Hegseth’s assets?
Pete Hegseth owns four real estate properties, several luxury cars including a McLaren GT, three yachts, and an investment portfolio worth $15 million.
What military awards has Pete Hegseth received?
During his service in Iraq, Pete was awarded the Bronze Star Medal, Combat Infantryman Badge, and the Army Commendation Medal.
What is Pete Hegseth’s personal life like?
Pete Hegseth is married to Samantha Deering, and they have three children. He has previously been married to Meredith Schwarz and had a daughter with Fox News executive producer Jennifer Rauchet.