After completing his service in the military, Pete Hegseth smoothly transitioned to a career in politics. He became a conservative activist and joined Republican causes. Now, he is a famous political pundit, author, and television host on Fox News. As of 2022, Pete Hegseth has an estimated net worth of 19 million.
Peter Brian Hegseth is from Forest Lake, Minnesota, and he was born on June 6, 1980. In his hometown, he got his secondary education from Forest Lake Area High School.
For college, he went to New Jersey’s Princeton University. There, he started being active in Republican and conservative politics by writing for the student publication The Princeton Tory. He earned his bachelor’s degree in 2003.
Then, he worked as an Equity Capital Markets analyst for a global investment bank called Bear Stearns. In 2013, he got a master’s degree from Harvard University’s John F. Kennedy School of Government.
While working at Bear Stearns, Hegseth was commissioned by the US Army National Guard as a reserve infantry officer. In 2004, he was called to be the Minnesota National Guard’s infantry platoon leader.
He was stationed in Guantánamo Bay, Cuba. After that, he volunteered in Iraq. He was an infantry platoon leader in Baghdad and civil-military operations officer at Samarra.
As a captain, he went back on active service in 2012. Peter was deployed to Kabul, Afghanistan, where he became a senior counterinsurgency instructor. He received two Bronze Stars for his overseas duty.
In 2012, Pete Hegseth campaigned for Minnesota’s Republican Senate nomination. However, he withdrew from the senate candidacy just before the primary election.
He was involved in various causes for military veterans, such as Vets for Freedom and Concerned Veterans for America. Hegseth began contributing to Fox News Channel in 2014.
Pete became a prominent ally and backer of Donald Trump’s presidential campaign in 2016. He frequently acted as Trump’s advisor while the former president was still in office. In 2018, he co-hosted All-American New Year on Fox News.
Net Worth and Earnings
Many journalists have the potential to earn a sizable income, particularly if they excel in their field. This was the case with Pete Hegseth. In 2018 his earnings at Fox News were $2 million per year and the following year, his annual salary rose to $3 million.
He received $5 million in 2020 to stay with the network, with no change in pay. In 2022, it is reported that his yearly salary is $6 million. The numbers are expected to grow, but for now, his net worth stays at $19 million.
Pete was once married to Meredith Schwarz. In 2008, he tied the knot with Samantha Deering and later had three children with her. However, he had an affair with Jennifer Rauchet, and they conceived a child. Because of this, Deering divorced him in 2017.
Two years later, Pete married Rauchet and adopted three stepchildren. Pete owns a BMW, Jaguar, Mercedes, and Tesla. Apart from cars, he has a luxury watch collection worth $1.2 million. He keeps them all in his home in Holmdel, New Jersey.