Pete Hegseth’s financial journey has been fascinating, especially after his transition from a high-paying Fox News role to a U.S. government position.
In 2025, as the U.S. Secretary of Defense, Pete’s salary has dropped significantly compared to his media earnings, but his financial portfolio remains diverse.
If you’re wondering what Pete Hegseth net worth looks like now, and how he balances his wealth, we’ve got all the details you need to dive into his financial life.
Pete Hegseth Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Peter Brian Hegseth |
| Popular Name | Pete Hegseth |
| Birth Date | June 6, 1980 |
| Age (as of 03/04/2025) | 44 |
| Birthplace | Minneapolis, Minnesota, USA |
| Nationality | American |
| Ethnicity | N/A |
| Education | Harvard Kennedy School (2009–2013), Princeton University (1999–2003), Forest Lake Area High School (1999) |
| Marital Status | Married |
| Spouse | Jennifer Rauchet (m. 2019), Samantha Hegseth (m. 2010–2017), Meredith Schwarz (m. 2004–2009) |
| Children | 7 (Including stepchildren) |
| Dating | N/A |
| Siblings | N/A |
| Parents | Penelope Hegseth, Brian Hegseth |
| Height | 1.83 meters |
| Net Worth | $3M – $4M |
| Source of Wealth | Government salary, former TV earnings, book royalties, investments |
What is the Net Worth Of Pete Hegseth in 2025?
Pete Hegseth’s net worth is estimated to be between $3 million and $4 million in 2025. This includes his income from Fox News before becoming U.S. Secretary of Defense, alongside speaking engagements and royalties from his books like Battle for the American Mind.
While his salary as Defense Secretary is significantly lower than his previous TV earnings, Pete’s wealth is bolstered by real estate investments and his wife’s assets.
His net worth places him among prominent figures, though not at the top of the celebrity wealth ladder.
Here’s a list of people and companies related to Pete Hegseth’s career and financial circle:
- Fox News
- Donald Trump
- Jennifer Rauchet
- John F. Kennedy School of Government
- The Princeton Tory
- U.S. Army National Guard
- Battle for the American Mind
- Tennessee Real Estate
- Combat Infantryman Badge
- Bronze Star Medal
For a more general perspective on celebrity wealth, you can check out this richest celebrities page for the latest updates.
Pete Hegseth Wealth, Salary, and Financial Overview
How Much Does Pete Hegseth Earn as U.S. Secretary of Defense?
As the Secretary of Defense, Pete Hegseth earns $250,600 per year. This salary marks a drastic pay cut compared to his former role at Fox News, where he earned millions.
However, his decision to step into public service reflects a different set of priorities and career focus. His current salary places him among other high-ranking government officials but far below the earnings he enjoyed in the private sector.
His move also comes with certain perks that come with being in a government position, although the salary remains modest compared to his prior career.
Pete Hegseth’s Income Sources Beyond His Salary
While Pete Hegseth’s salary as Defense Secretary is lower, he continues to generate income from other sources.
Before joining the U.S. government, he earned substantial sums as a co-host on Fox & Friends Weekend, raking in $4.6 million from 2022 to 2024.
Additionally, Pete’s career in public speaking has earned him up to $900,000 for engagements in 2023 and 2024.
His books have also been a steady revenue stream, particularly his latest work, Battle for the American Mind, which brings in royalties between $100,000 and $1 million. These earnings contribute significantly to his financial portfolio and provide him with ongoing income beyond his government salary.
How Does Pete Hegseth Manage His Wealth?
He and his wife, Jennifer Rauchet, have investments in real estate, including their primary residence in Goodlettsville, Tennessee, which is valued at approximately $3.2 million.
Pete also has a rental property in Baltimore, contributing income, though the valuation is not detailed. Additionally, Pete holds investments in exchange-traded funds (ETFs) and other financial assets, with reports indicating substantial holdings in various stocks.
While Pete isn’t known for extravagant spending, his strategic approach to real estate and investments has helped him maintain a solid financial standing despite the pay cut from his Fox News position.
Pete Hegseth’s Real Estate Investments and Their Value
Real estate is a key aspect of Pete Hegseth’s financial strategy. The couple’s primary residence in Goodlettsville, Tennessee, sits on 77 acres of land and is worth around $3.2 million.
However, the couple still owes over $2.5 million on their mortgage, with monthly payments totaling $19,000.
Additionally, Pete and Jennifer own a rental property in Baltimore, although its reported value is less than $1,000. Despite the mortgage payments, the real estate investments play a key role in Pete’s overall wealth, allowing him to diversify his financial holdings and ensure long-term financial stability.
The Role of Jennifer Rauchet in Pete Hegseth’s Finances
Jennifer Rauchet, Pete Hegseth’s wife, plays a significant role in the couple’s financial situation. Her career as a producer at Fox News brings in additional assets, valued between $905,000 and $2.3 million.
Together, the couple has built a diversified portfolio, with investments in real estate, stocks, and mutual funds. Their combined assets ensure that Pete’s financial situation remains stable despite the transition into public service.
What Are Pete Hegseth’s Career Earnings Before Becoming Secretary of Defense?
Before becoming Secretary of Defense, Pete Hegseth earned millions as a Fox News contributor. Between January 2022 and November 2024, Pete earned $4.6 million from his role at Fox.
His public speaking engagements also added significant income, totaling $900,000 for speaking gigs in 2023 and 2024.
These high earnings allowed Pete to accumulate significant wealth before transitioning to government service. His wealth accumulation from Fox News and other engagements made it possible for him to step into a lower-paying government position while maintaining financial security.
Conclusion
Pete Hegseth’s wealth is a combination of high-profile media earnings, investments, and his government salary as Secretary of Defense. His decision to transition to public service, despite the pay cut, shows his commitment to a new chapter.
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