Pete Hegseth’s net worth: Trump’s Defense Secretary’s wealth
Pete Hegseth became Defense Secretary but took a deep pay cut from his role as a Fox TV host. Here’s how much Hegseth is worth and how he made his money.
Pete Hegseth was sworn in as the 29th U.S. Secretary of Defense in January 2025. A military veteran with combat experience, he is tasked with overseeing the military, maintaining national security, and advising President Trump on military and national security issues.
As Defense Secretary, Hegseth is sixth in line to succeed the president, just behind Treasury Secretary Scott Bessent. Yet, he’s stepping down from his duties as a contributor to Fox News, and will take what appears to be a very large pay cut.
