Pete Hegseth is one of those that have shaped the narrative of the political landscape in the United States. The Ivy League-educated political scientist and counterinsurgency expert Hegseth has served in the American army in places such as Iraq and Afghanistan. He has also spearheaded various veteran advocacy groups and is the author of multiple bestselling books. Pete Hegseth is also a media personality and frequently appears on Fox News as a contributor, correspondent, and co-host of one of their highly-rated programs, contributing to his accumulated net worth of $4 million.
Pete Hegseth’s Net Worth Is $4 Million, But He Started As A Wall Street Analyst with a Salary of About $85,000k
Pete Hegseth hails from Minnesota and grew up with love for traditional American values. Upon completing his high school studies at Forest Lake High School in 1999, he headed out to Princeton University to study political science. During his four years at the institution, Hegseth excelled in his studies. Beyond the classroom, he was the publisher of a conservative magazine known as The Princeton Tory.
He also joined the ROTC (the Reserve Officers’ Training Corps), a college program that prepares young adults to become officers in the U.S. Military. Pete Hegseth graduated from Princeton in 2003 and landed his first job with the defunct global investment bank known as Bear Stearns. He served as their equity capital markets analyst and likely earned as much as $85,000 per annum, which is the standard entry-level salary on Wall Street.
He served as U.S. Army Infantry Platoon Leader in Iraq and Guantanamo Bay Between 2004 and 2007
Working on Wall Street must have been a thrilling experience, but Pete Hegseth did not allow this to detract him from his ultimate goal of serving in the military. He was commissioned as a reserve infantry officer of the U.S. Army National Guard in 2003 and maintained that status until he was called up to active duty in 2004. He left his juicy Wall Street role and was deployed to Guantanamo Bay, where he served as an infantry platoon leader for a year. From there, he volunteered for more duty and spent the next two years (2005-2006) in Iraq.
During this time, Pete Hegseth served in cities such as Baghdad and Samarra, where he held the positions of Infantry Platoon Leader and Civil-Military Operations officer, respectively. He distinguished himself and received various commendations, including the Bronze Star Medal (for a heroic or meritorious act in a combat zone), Combat Infantryman Badge, and his second Army Commendation Medal. He was also promoted from the position of second lieutenant to first lieutenant. His salary as a first lieutenant ranged from $46,812 to $64776 per annum, enabling him to build up some savings.
He was Deployed in Afghanistan in 2012 with Earnings of about $46,812 to $64,776
Pete Hegseth re-joined civilian life after his Iraq tour ended in 2007, but this did not mark the end of his military career. He was called back to active duty in 2012 and joined the Minnesota Army National Guard in Afghanistan. He was deployed to the Counterinsurgency Training Center in Kabul, where he served as their senior counterinsurgency instructor. His rank at this point remained a first lieutenant, and he likely earned anything from $46,812 to $64,776 for that year.
Pete Hegseth left active military service after 2012, but he maintains a position in the Individual Ready Reserve (IRR). This comprises former trained soldiers that can be called up to active duty when need be. They do not earn a salary, meaning that Hegseth, who now occupies the prestigious rank of major, is not receiving any paychecks from the U.S. Army presently
Pete Hegseth was the Executive Director of Vets for Freedom from 2007 to 2012
Pete Hegseth’s military career has been interspersed with stints of political activism. From 2007 to 2012, the Minnesota native served as the executive director of Vets for Freedom. This is a non-partisan organization comprising of veterans of the Iraq and Afghanistan wars. They are dedicated to educating the American public and contributing strategies for matters of national security. When Hegseth initially joined Vets for Freedom, the organization had no staff, limited membership, and budget. However, he was able to turn things around, growing their membership to 95,000 with a $9 million budget and a dozen staff members.
He served as the CEO of Concerned Veterans for America, During Which He Earned up to $200k Per Annum
The success that Pete Hegseth recorded at Vets for Freedom helped him land the position of CEO of Concerned Veterans for America in 2015. This is another political advocacy group that promotes policies that will preserve the freedom and prosperity that veterans fought for. Hegseth served as the group’s CEO for three years and transformed them into the largest conservative veterans’ advocacy organization in America. His exploits did not go unnoticed. When former President Donald Trump was shopping for someone to lead the United States Department of Veterans Affairs in 2017, he was touted as a possible candidate. Nevertheless, he later failed to secure the job.
Pete Hegseth’s salary during his days at Vets for Freedom and Concerned Veterans for America is not public knowledge. However, we can make some intelligent guesses. Hegseth was criticized for employing his brother during his days at Concerned Veterans for America and paying him about $108,000. It, therefore, means that his salary must have definitely surpassed this as the head of the organization, meaning that Pete Hegseth possibly earned up to $200k per annum, which contributed significantly to his $4 million net worth.
Hegseth Co-Hosts the Popular Fox Morning Show, Fox & Friends
Pending any future military service or overtures into politics, Pete Hegseth is now focusing on his lucrative media career. The Iraq and Afghanistan veteran joined Fox News as a contributor in 2014 and has risen to become a major staple on the network. He variously serves as a contributor and a correspondent on several programs, including The Kelly File, Outnumbered, America’s Newsroom, and Happening Now.
He also contributes to their online medium, FoxNews.com. Pete Hegseth is also the co-host of Fox and Friends. This is a daily news/talk show program that focuses on diverse areas with the accompanying interviews, segments, updates, and analysis. The show attracts millions of viewers on average and is rated high on the list of cable news programs in America.
His Fox Salary Ranges from $100k to as much as $300k
It is difficult to tell the exact salary that Pete Hegseth earns at Fox. The salaries of cable news contributors are shrouded in mystery, and he is no different. Even when he divorced his second wife in 2018, he fought hard to ensure that details of his Fox contract were not revealed. However, there have been some revelations into the salary structure at Fox News.
Several former Fox News personalities assumed government appointments during the Trump administration and were required to disclose their salaries. A perusal of this show that the most popular such as former national security adviser, John Bolton, earned from 400k to 500k while those in the middle earned from 70k to 100k. The lowest rung earned from 30k to 40k. Given that Hegseth is no more an underlining but a popular star, his salary can range from 100k to as much as 300k.
Pete Hegseth Books Sales Contribute to His Net Worth
Another lucrative source of income for Pete Hegseth is his books. The Fox News personality has authored several books, and they all follow his conservative political leanings. They include In The Arena: Good Citizens, A Great Republic, and How One Speech Can Reinvigorate America (2017), American Crusade: Our Fight To Stay Free (2020), Modern Warrior: Real Stories From Real Heroes (2020), and The Battle for the American Mind: Uprooting a Century of Miseducation (2022). These books have sold thousands of copies, justifying the royalties that Hegseth has received from his publishers.